✴️ Stacks | The Early Days...

2023年8月30日

It is all in the chart drawing.
For this one we will focus only on a few points.

1) Resistance turned support.

This is the blue line. When resistance turns into support new impulses can develop once this level is activated.

As the support level is tested and holds, this can lead to a new bullish wave.

2) Volume breakout.

Rising volume as a strong breakout takes place can support change.
If the market has been in correction mode, the strong bullish sessions in the last two days coupled with high volume can tell us that this correction is over and the initial bullish trend can resume.

*) Bonus
The RSI is bullish near support.

3) Potential targets

I am still a bit undecided on this one about the final target, it is too early for me and it seems we are entering unexplored territory.

Cryptocurrency is the present and future of money, the traditional financial systems and other outdated control systems are breaking down... We are living this lifetime once even though we live many times, the specific conditions now manifested are certainly unique to our time.

Sorry, I am digressing. I am not so sure about the next high but $1.30 seems easy/certain and $1.78 as a new high is possible... We will wait and see but I am starting to get early signals as if a major development on the positive side for Cryptocurrency will happen this month; the whole game can change.

Think years in the past, we saw many pairs growing 10, 20, 30, 40, 50X.
Instead of 2-5X for the entire bull-market, we get a repeat of the early days.

So short-term we can see strong waves and when we add everything up, total growth can be insane.

If you are reading, you are a winner.
Right now just being around is more than enough...

Namaste.