Look at the numbers on the chart. I think you already know what it means.
(1) Downward movement. When the down-wave stalls, we get the next step. (2) Consolidation pattern. After the consolidation phase, we get the next step. (3) Bullish wave. After the bullish wave we go back to step one.
➖ Stargate Finance vs Bitcoin (STGBTC) hit a low 7-January 2024. ➖ Yesterday, 16-Feb., we have a higher low. ➖ Today the session starts green.
It is still early but there is potential for step three to start now. Step two can go for a bit longer but seeing many ALTSBTC break-up strong, it is likely that the rest of the market will follow or at least those showing early reversal signals like this one.
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