Blur Breaks Descending Channel | 165% - 240% BU-Pot.The pattern/channel shown here depicts bearish action happening since February 2024, but this pair has been going down since November 2023. There is always a silver lining. A downtrend is always followed by its reverse, an uptrend.
When prices are dropping, we can track the pair because we know that eventually the downtrend will break and a new uptrend will form. This is because the cryptocurrency market is a new, growing and evolving market. What goes down, it is sure to move back up.
➖ On this chart, BLURBTC, we have a classic Adam & Eve bottom pattern. We have the cup pattern. We have the breakdown of the descending channel and downtrend, as well as a lower low (5-Aug.) that has less volume than a previous low (26-June). When we see a pair hitting new lows on a bearish trend yet volume decreasing, it means the trend is losing strength. When the trend losses strength, it means it is about to change.
There is potential for a bullish reversal to take place soon.
➢ BLURBTC is organizing a trip... To The Moon!
Easy targets and growth potential can be seen on the title of this trade-idea and the chart.
Thank you for reading.
Namaste.
