🚨 Attention!
👀 #BOB 📈 Today 04/07, a little while ago at 16:32.
In 24h variation of 16.21% 📈 The Moving Average (MA) lines: MA(7) - Orange: 0.000000027, MA(50) - Blue: 0.000000024 and MA(100) - Purple: 0.000000013
What do we see in the image?
Formation of a Bottom (reversal) after a peak followed by a sharp drop (correction), the chart formed a sort of "U"! Do you know what it means?
This pattern is common in reversal movements, indicating that sellers are losing strength and buyers are starting to gain control.
A bullish signal. It usually indicates that a new uptrend may be forming 📈
The trading volume increased initially, dropped during the correction, and is now stabilizing. A typical pattern before a new rise. The red candles (down) are decreasing, while the green ones (up) are gaining presence.
Do you see the possible pattern? That’s right, Cup and Handle!
This is a classic continuation pattern, and it usually precedes explosive movements if it breaks the previous top resistance.
Not to mention the famous Golden Cross (MA 7 crossing MA 50).
It will surprise a lot of people
🤑🤑🤑🚀🚀🚀