We are bullish mid-term and long-term, but short-term the chart is calling for a drop. This drop will activate the "accumulation zone," the one we mention in the early August Pre-2025 Bull-Market series. This accumulation zone is the last chance to buy Crypto at a low price before the 2025 bull-market.
How are you doing my fellow Cryptocurrency trader?
We are looking at Uniswap and the chart is quite clear, a rising wedge pattern is breaking down as the entire market turns bearish. Only a few pairs remain bullish. We are about to feel/see/experience/grab a marketwide flush. The last drop of the 2024 correction phase.
➖ This drop will set the low and this low will in-turn evolve into a bottom and this bottom will transform into a reversal pattern and this reversal pattern will produce a bullish breakout, and this bullish breakout will turn into a bullish wave and this bullish wave will turn into a bull-market and this bull-market will end in a major bull-run... Sounds right?
We get to see some down, fast down, followed by up and up slow. Then speed up up and grow strong, one intermediate correction between the up-move and then the final bull-run... Makes sense?
What I am trying to say is that we are about to witness the last correction before the full-blown 2025 bull-market phase.
Thank you for reading.
Namaste.