Long
✳️ Can Aergo Produce A 1,327% Bullish Wave? Let's Ask The Chart!
➖ Aergo cycled through a bear-market from April 2019 through January 2021.
After the January 2021 bottom it has been bullish. Even now after 525 days of bearish action the pair continues bullish as it trades within a higher low —vs Jan. 2021.
➖ Aergo produced a strong bullish wave from January 2021 through July 2022. A total of 2,098% growth.
It is very interesting to note that Bitcoin was growing in 2021 and AERGOBTC was doing the same.
Even more interesting is the fact that Bitcoin was dropping in most of 2022 and AERGO continued to grow for most of that year. Here we can see how some pairs can produce their own cycles.
When a pair detaches completely from the market, it can signal that the project has a working product, an active developers team or a group of investors backing it or a mixture of these. This is always a positive, the uniqueness of the chart.
Ok, present day.
➖ AERGOBTC is now showing a DragonFly Doji on its weekly session and is likely to produce a 966 days higher low (Feb. '24 vs June '21). Volume dropping long-term can signal soon incoming change of trend.
While it is early to say, I believe that AERGOBTC is getting closer to entering its next bullish wave.
There can be one final drop, surprise or not, or it can start growing in a matter of weeks or days. This part I cannot say because no reversal signals are yet in.
One last thing. Look at the 91 days Between January and April 2021: How would a similar wave look like today?
I know it would be amazing.
Namaste.
After the January 2021 bottom it has been bullish. Even now after 525 days of bearish action the pair continues bullish as it trades within a higher low —vs Jan. 2021.
➖ Aergo produced a strong bullish wave from January 2021 through July 2022. A total of 2,098% growth.
It is very interesting to note that Bitcoin was growing in 2021 and AERGOBTC was doing the same.
Even more interesting is the fact that Bitcoin was dropping in most of 2022 and AERGO continued to grow for most of that year. Here we can see how some pairs can produce their own cycles.
When a pair detaches completely from the market, it can signal that the project has a working product, an active developers team or a group of investors backing it or a mixture of these. This is always a positive, the uniqueness of the chart.
Ok, present day.
➖ AERGOBTC is now showing a DragonFly Doji on its weekly session and is likely to produce a 966 days higher low (Feb. '24 vs June '21). Volume dropping long-term can signal soon incoming change of trend.
While it is early to say, I believe that AERGOBTC is getting closer to entering its next bullish wave.
There can be one final drop, surprise or not, or it can start growing in a matter of weeks or days. This part I cannot say because no reversal signals are yet in.
One last thing. Look at the 91 days Between January and April 2021: How would a similar wave look like today?
I know it would be amazing.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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