All is great right now. The altcoins market continues to look better with each passing hour.
Yesterday I mentioned a continuation on two projects as an example of how an altcoins marketwide continuation is starting to show, this is truer today compared to yesterday. I kept on reviewing charts and this continuation is present on hundreds of projects.
I will start this amazing Saturday by looking at some projects that are trading at the bottom, true bottom and all-time low. These can be approached as a great buy-entry opportunity in anticipation of maximum growth.
Good afternoon my fellow Cryptocurrency trader, thanks a lot for your continued support.
Gravity —GUSDT on WhiteBIT
I looked at all the exchanges and the chart looks exactly the same. After hitting a new all-time low, we see strong bullish action; long upper-shadows on the candles and rising volume. The rising volume is the most significant signal when the chart looks like this.
It reveals the presence of buyers, interest at current prices and so on.
Candlestick reading can be coupled with the current signals. Two weeks ago, a very strong inverted hammer appeared, this week the same signal shows up. The session that produced an all-time is a Doji.
First the Doji to signal indecision, then the inverted hammers to signal a reversal. Only confirmation is needed but buying can be started now, or weeks ago. This is a perfect entry zone.
Finally, there is a strong downtrend since 2024. Two years of bearish action and we know, based on how the rest of the market is doing and the above signals, that we are close to change.
Simplicity yields the best results when it comes to TA.
Thank you for reading.
Namaste.