Starknet | Simple TA (258% - 434% Bullish Potential)

Dec 6

Hello my fellow traders, how are you feeling in this wonderful day?

We are starting a new month and as usual, opportunities abound within the cryptocurrency-space. So many opportunities, that I had a hard time choosing which chart to start with.

Here we have Starknet on the daily timeframe (STRKBTC —D).
The chart structure, price action, is quite revealing as to what is happening with the simple drawings shown.

➖ First, on the left side we can see double-top, Feb. and March 2024.
➖ Second, we can see a major downtrend, here accentuated by a descending channel.
➖ Third, we can see a double-bottom, with both lows happening in November 2024.

Since we are just getting started, we would like to keep it simple because simple is best.

➢ Once we hit bottom, there is no other place left to go but up... These are early signals though. Prepare for the rise.

Additional details on the chart.

Thanks a lot for your support.

Namaste.