✅ STH-SOPR fell below the 1.0 line on 10 October, that is, 3 months ago.
✅ If you look at the image carefully, you will see that STH-SOPR falls below the 1.0 line in bearish periods. You will also see that, during the bearish period, the 1.0 line works as resistance, and STH-SOPR cannot move above the 1.0 line. In the same way, in bullish periods, the 1.0 line works as support for STH-SOPR, and it does not fall below 1.0.
✅ This phenomenon is the nature of STH-SOPR. For this exact reason, the moments when STH-SOPR escapes from below the 1.0 line to above it are used as a “trend reversal signal.” You can see an example of this trend reversal in the image, in the previous wave.
🟢 In our current situation, after 10 October, STH-SOPR tried for the first time this week to escape upward above 1.0.
⚠️ Of course, this is not a confirmed trend reversal yet, because we do not know if it can hold above 1.0, and it is possible that, at the end of the day, it stays as a fake move. ❤️ However, after months, the fact that it is attempting such an escape move like this gives some hope and requires investors to take this into account.
Written by CryptoMe
