When the market is no longer bearish we know that something changed. We are going to be looking at the same price pattern we've been looking at on multiple charts.
Space and Time (SXT) was bearish, strongly bearish within a falling wedge pattern. On June 22 the bearish action ceased completely and the pattern broke. SXTUSDT went from clearly DOWN to clearly SIDEWAYS action. This is a huge change in price and candles pattern.
The highest bearish volume came in early May and later late May. As prices move lower, trading volume continued to decrease. As the ATL was hit, bear volume was really low. Lower lows with decreasing volume indicates the bearish move is losing force. Sure enough, the next day we get some green candles and volume starts to go up.
The market is changing, we are going from bearish to bullish and we are now in the transition period, prices moving within the buy zone.
This is the opportunity to buy within the accumulation range. The prices now are the best before a bullish breakout and major bullish run.
This looks like a good pair, the chart shows very low risk vs a high potential for reward. We are approaching the pair short-term because of the young chart, but you can buy and wait until prices grow. This pair can easily give 1,000% or more.
Namaste.