✴️ Akropolis Is About To Confirm Long-Term Bulls! (390% Mapped)Akropolis looks good on the daily chart, better than others as it bottomed from the major correction May rather than June, so I went to the weekly timeframe to look for long-term bullish potential.
Coincidentally, same as with ARPA Chain, Akropolis bottomed May 2022, actually there was a low in December to form an Inverse Head & Shoulders pattern but it has been growing since.
Here we have one interesting detail to look at.
We've been mentioning EMA50 (magenta line on the chart) but daily, here on the weekly timeframe the same signal/indicator is 7 times stronger.
AKROUSD is trading just below EMA50 and trying to move above it. Breaking this level weekly as resistance would signal the start of a long-term bullish wave.
With the RSI reaching almost 60, this is very likely to happen next week.
Long-term bullish potential can translate in growth for the next 3-6 months. I know there is a huge gap there, but this can be traded like the pros.
✔️ Below EMA10/21 (0.004444/0.004666) is better to sit out and wait.
✔️ Above this level the bullish bias is active but not yet confirmed.
✔️ Above EMA50 (0.005735) the bullish bias is confirmed and the doors open for sustained growth.
These are the key levels.
Use this information wisely.
Thank you for reading.
See you on the next one.
Namaste.
