Here we have STNDUSDT (Standard) showing a very strong bottom signal, let me show you.
Today we have the biggest candle since February supported by high volume.
Such a big candle after a new All-Time Low indicates that the trend is about to change.
But hey, you could say that in February we can also spot a huge candle that lead to a lower low... This is true but the situation is different now.
Preceding todays candle, which produced 99% growth, is a trend of rising volume. The lower prices go, the higher the buy volume becomes.
After the new ATL, we can see buy volume being predominant and now the 99% bullish breakout takes place.
This is a clear bottom signal and if the bottom is hit what follows is a new trend. A change of trend; an uptrend.
An uptrend is defined by higher highs and higher lows, this can last for years, literally... So imagine the potential of following this pair as it goes up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.