The low hit 5th Aug. closed the session green. As LQTYBTC moved lower, trading volume continued to decrease. A bearish trend with declining volume as new lows are hit signifies that the trend is losing strength. Having the ATL close green rather than red signals that a reversal is around the corner.
If we were to activate indicators such as the RSI and MACD (not shown here), we would find strong bullish divergences. These divergences tend to show up right before a reversal takes place. I don't have to look at the indicators, it is just common sense.
On top of these signals above, this pair has been dropping since March 2023. This is a strong and agreeable project. We would be happy to see some change.
This potential for change is high, and thus we start to buy in anticipation of a nice, fast and strong bullish wave.
Thank you for reading.
I am wishing you good trading profits.
I am blessing you with success.
Namaste.