The same dynamic, the same formation, the same structure, the same results... Hashflow (HFTUSDT) is clearly bullish based on this chart.
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Notice the left side of the chart, late December 2022 and early January 2023, a clear inverse H&S pattern shows as a bottom. Volume starts to rise and a bullish wave easily follows after prices move above EMA50, there is also a strong RSI.
We have a similar situation now but better, right hand side of the chart. Hashflow (HFTUSDT) is trading daily above EMA50 on rising volume and it just produced a similar bottom pattern as it happened last year.
The lower low indicates that all the stop-loss were activated, sellers exhausted, new All-Time Low, no need to go lower... After we go down, comes the time time to move up.
And thus we have a clear bullish bias.
As long as HFTUSDT trades above EMA50, above its Dec. 2022 low (yellow) and Aug/Sept. 2023 low (gray), this pair is ultra-bullish.
👉 Easy and fast, say within 2-3 weeks or just a few days, 100-150% can be achieved. 👉 A bit longer but highly possible, 300-400% or more.
This is not financial advice. Remember to do your own thing... These charts are intended for educational purposes only.
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