#Bolt Seems like Ready for a Major Bullish Rally 🚀
Looks promising for a Channel Breakout, and if it succeeds, we might witness a +900-1000% Bullish rally in Long TERM.
| BOLT Token |
|Wait for 1hr to get low|
|Wait for price to come closer to Golden Pocket/200MA|
|Wait for Daily SRSI to curve back up|
| Technical Analysis 4H Chart |:
✅ Cup and Handle
✅ The 4H SRSI is low
✅ MACD showing a lack of bearish momentum
✅ Volume Falling with Price
✅ RSI in a bullish Pattern
✅ Price interacting with 21MA
✅ 200MA coming up as support
BOLT retested this ascending trendline that supporting it since July-Aug. Wants to break out from this "small" descending channel that was road down for almost a full month. Last time this trendline was tested 3 times, so we could expect similar action here. If we lose this trendline as support and that horizontal support level at 0,0063, we could expect more...
BOLT still stands above 0.005$ zone, so if it doesn't lose this zone, it will move towards 0.006$ and 0.007$ zones in October. But if it loses 0.005$ zone, it will fall down to 0.004$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.005$ zone
🔴Buy : 0.005$
🔴Sell : 0.006$ - 0.007$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.005$ zone
🔵Sell : 0.005$
🔵Buy...
Thank you again Dubby McGee for the suggestion!
We are testing the 38% fib level as support with the previous structure already. However, if we reject the zone as support the next test would be the 78% fib which is also the neck line of these W-patterns (aka previous structure). be patient and wait for confirmations or run the risk of shooting yourself in the...
