Swell: Your Altcoin ChoiceThis is a good choice. If you are already in and waiting for a recovery, the wait is almost over. If you are out and looking to buy, then timing is great. SWELLUSDT is trading at a new All-Time Low with early reversal signals.
We have a reversal signal coming from the candles as well as a rounded bottom still in the making.
The initial drop, is a full down-move, a down-wave or bearish impulse. The last and second drop is very small. It is more likely a flush, rejection or stop-loss hunt. The second drop from late March indicates that there is no longer a bearish wave. This is the last bearish action before the market produces a change of trend.
"The bottom is in" is not necessarily a sure thing. Always be prepared for some more shaking before prices grow, just as a precaution. What is certain, is that the next major phase is a bullish cycle, anything lower would be short-lived and a manufactured market move. The downtrend is over. After going down, the market tends to grow.
I am mapping some targets for you. These are not necessarily the All-Time High, there can be more growth by the end of the 2025 bullish cycle. These can happen in the mid-term. Within 3 months. When considering the long-term, prices can go off the chart.
This is a good pair.
Thanks a lot for this Altcoin Choice.
Namaste.
