Shentu On The Verge Of A Bullish Breakout —150% Short-Term MoveJust a few months ago, in May, CTKBTC (Shentu) produced a small reversal pattern and suddenly grew by more than 150% in a single day.
Present day, we have the same pattern but this time much bigger. We have a reversal pattern after a multiple months long correction that led to a lower low compared to the start of the last bullish jump.
Coming out of a lower low and the reversal pattern being bigger and longer this time can produce an even stronger bullish jump.
CTKBTC is now bullish and the chart shows bullish potential with a breakout likely to happen any day. It can happen tomorrow just as it can happen today. Just as it can take a week or two, allow some variations because market conditions can always change.
This is a short-term move that I am mapping on this chart.
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Namaste.
