SLF WYCKOFF
WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could.
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.