Step App: Promising Project (1,175% To 2,915% Growth Potential) This is a very simple chart... Once more, I am tempted to show you the linear chart before we proceed to read the logarithmic chart, why? Because it gives us a true perspective as to where we stand when it comes to pricing.
With the log. scale, we are looking at the chart in terms of percentages, while the linear (arithmetic) scale shows the chart in nominal terms.
Just compare the main chart above with the one that I will show you below:
➖ TA:
Looking at Step App, we have a long-term double-bottom, June 2023 vs August/September 2024.
➖ Hold on, some fundamentals first:
This is an ultra-promising project. Anything in our amazing and beautiful world related to health/fitness is huge because we humans are now in the age of mental expansion and spiritual awakening, so we are all very big on how to improve our health. So anything related to fitness has huge potential and this app/project looks really good. Earning while exercising; playing/sharing while working on our health is beyond promising... The chart agrees because growth potential is great.
➖ Back to TA:
We have a major bear-market ending in a low in June 2023 and this immediately leads to an uptrend; higher highs and higher lows. This uptrend goes in accordance with the rest of the Cryptocurrency market and peaks in March this year. Total growth amounted to 590% in 273 days.
This growth period is followed by a correction and the correction ends now? Well, we have a low first in August and now again this low was tested in September and holds. So we have a long-term double-bottom, vs June 2023, and also a short-term one (Aug./Sept.).
This is potentially the bottom of the corrective phase.
Here is one scenario for future price action.
The short-term can be tricky but long-term can be easy.
Step App (FITFIUSDT) will soon produce a strong bullish wave. This would be the first wave out of two, phase 1, or the "initial bullish breakout."
Regardless of how high it goes, after this wave peaks the correction that will follow will end up as a higher low compared to whatever low we have now or in the coming weeks (in case it moves lower in a strong Bitcoin drop). This higher low will then signal the start of the major, full-blown bull-market.
So imagine one last wave similar to late 2023/early 2024 and the one that follows instead of being a normal wave, it will end in a bull-run. The bull-run phase is the part where growth goes parabolic and euphoria hits the market. In Elliott Waves term, the fifth wave. This is the speculative wave.
While right now there is only us, people familiar with the space and old-timers, in the bull-run phase we will have the attention of the masses and everybody will be looking to buy, join, trade; participate in short. It will be a frenzy. This is when Step App can grow to 1,175%, 2,000% or even more... Can be many times more, it is too early to say.
Will it hit a new All-Time High?
That I do not know. This chart is too young and we lack data.
We don't know how the project will do or how it will behave when Crypto goes mainstream around the world.
I know it will be big and it will be great.
That I can tell easily when looking at the chart...
Thank you for reading.
Namaste.
