Gas | Will It Grow 410% or 1,133%? Let's Ask The Chart!

20 сент.

Gas grew more than 1,200% in 21 days last year... These things remain etched in your mind.

When we have a bad trade, a really bad one, it tends to remain and we develop aversion either to the environment, situation or the pair that caused the damage. In reverse, when we catch a strong bullish jump or see it happening very "close," we tend to keep the memory as well.

But what about the chart?
Does this chart, GASUSDT, supports a new and strong bullish jump?

Well, let's read it and see what it has to say.

➖ Technical Analysis

In June 2023 we have a volume breakout, very small in relation to the bullish-run but still many times higher compared to the daily average.

Right now, in September 2024 we have a volume breakout, many times above the daily average and the highest since January 2024.

In 2023 we had a consolidation phase and short-term lower low before the jump...
In 2024 we have a consolidation phase and short-term lower low before the jump.

Long-term, we have a higher low in September 2024 vs late 2023; a strong bullish signal.
The chart is saying, yes!

GASUSDT can go bullish, it can jump and even produce a higher high because the chart structure remains long-term strong.

It looks pretty good... You have to do your own planning of course.
Low risk, vs a high potential for reward.

Namaste.

10 окт.

Сделка активна

Local resistance, marked with a blue line on the chart, has been broken. GASUSDT is now in bullish territory. Prepare for massive growth across the Altcoins market while Bitcoin crashes.

Some will go down while some others move up.
This one is in the group that will move up.