Grape coin Bottom Pattern & 1,000%+ Potential Revealed!This is an interesting chart. We can consider the bottom pattern on its own, the Adam & Eve marked with black lines. This is a reversal signal and we can see how a bullish breakout developed right after the pattern showed up.
Now, consider the major downtrend on the chart. Prices are moving lower and lower. As the downtrend is about to reach its end, it accelerates and produces a major low; volume starts to rise.
The first low, pointed, produces high volume. The second low, rounded, produces even higher volume and the highest volume ever for this pair, GRAPEUSDT (NFT).
The downtrend has been broken, the reversal pattern is now complete and the action is happening above the patterns neckline, resistance turned support.
There is huge potential for this pair since it was going down since December 2023. Recently it grew more than 440% in a matter of weeks.
I gave it a quick glance and see easy potential for an additional 500% - 700% mid-term. There can be more long-term.
This is not financial advice. Remember to do your own research and planning.
Thank you for reading.
Namaste.
GRAPEUSDT trade ideas
RSI says it all...Grape coin looks like its in a solid buy zone right now.
As you can see...RSI is moving up while price is
going down. BULLISH. I would start to DCA in at
these levels. 2024 is just around the corner and
we could be potentially looking at a 20x altcoin
by end of 2025. Good luck and happy trading!
