Basic Attention Token: The Volume Gives It Away

11 окт.

What would you say if a pair has been going down for years, there is absolutely no volume, neither bearish nor bullish and suddenly, together with a perfect reversal candle, you see the strongest buying in three years?

The reversal candle is a signal on its own. The 5-August session ended as a Doji and closed green. A new ALT but the session ended green.

This is the same session that produced the strongest buying since November 2021, almost three years ago.

Taking these signals in all together, simply tells us that the bulls are waking up. The bears (sellers) had the market for themselves, all this long, all this time and they sold and sold as much as they wanted. They are surely done and exhausted, there is nothing more to sell after years of the same. The market tends to look for balance and a downtrend when it ends is followed by an uptrend; up we go next.

Basic Attention Token is one of the classics, a strong project for sure and this chart is telling us that it is about to wake up. It is getting ready for a reversal and the chart is also showing massive potential for growth.

The whales are already buying. Once the whales start buying, it is only a matter of time before this buying reflects on the chart.

It will reflect as a giant burst upward. A massive bull-market is brewing behind the scenes and it will be the strongest since 2021. It might be bigger, many times bigger, so, hope for the best and prepare for the best because we are going up.

Namaste.