✳️ Flow Hits Bottom (160% Potential Profits Short-Term)
➖ On the left side of the chart, late 2022, we have an upward correction that leads to a strong crash.
The upward bias on this pattern reveals its potential bearishness.
➖ In June 2023 the first cup pattern shows up (Orange).
➖ The pattern that follows is the classic falling wedge, a wide one.
Here we have a downward bend and this predicts a raise in prices.
These patterns, the cup pattern and falling wedge are supported by a very strong bullish divergence with the RSI.
The RSI bottomed in June and has been rising since, while FLOWBTC continued to move lower.
This tells us that a reversal is around the corner.
More details on the chart.
Namaste.
The upward bias on this pattern reveals its potential bearishness.
➖ In June 2023 the first cup pattern shows up (Orange).
➖ The pattern that follows is the classic falling wedge, a wide one.
Here we have a downward bend and this predicts a raise in prices.
These patterns, the cup pattern and falling wedge are supported by a very strong bullish divergence with the RSI.
The RSI bottomed in June and has been rising since, while FLOWBTC continued to move lower.
This tells us that a reversal is around the corner.
More details on the chart.
Namaste.
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alansantanatrades.com
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