This Pattern Repeats With New Projects - How To Find The Perfect Entry Point?
Knowing this feature, you'll be able to find the perfect buying zones! Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research. So now, I'll try to convey to you my view of the charts, let's get started! The first coin on my list - $APT
Do you really think that $ETH won't grow up to the ATH? However, the fact remains that World Liberty Fi continues to accumulate Ethereum in its portfolio.
Trump's family knows what they're doing. They keep buying and buying and even staking their coins.
If you look at the chart, you will realize one important thing: Ethereum has not yet reached its ATH in this cycle.
So for any drawdown, I will accumulate this asset in my portfolio, especially as the big people are doing it.
The market has fallen more than during COVID and FTX!
In the last 24 hours, 734,773 traders liquidated $2.29 billion. The main liquidations were longs - $1.90 billion. The most liquidations were on $ETH - $473 million, and $BTC - $381 million.
The CryptoQuant CEO said that in a few months, we will miss the moment when BTC was below $100,000, meaning he believes in a recovery soon.
Meanwhile, the level of fear and greed is now at 44 - people are afraid to do something.
$SOL has broken the resistance line and is heading upwards!
A big confident green candle closed well.
A triangle has also formed, the potential of which is at the level of 230 area.
It would be good to see a retest soon to confirm the rise, but if the strength of the move is large, the price may reach that level without confirmation.
This symbolizes an extremely positive mood for the entire ecosystem.
Bitcoin rose 30% in the final quarter of last year after breaking through a resistance line.
Right now, the situation looks similar. Let me explain:
First, you can see consolidation forming in Q2-Q3 2023. After leaving this zone, the price began to rise throughout Q4.
Secondly, right now we are in a similar consolidation. This year we can note the formation of the same pattern from Q2 to Q3.
Looking at these analogies we can expect growth in Q4 2024. Apparently, we have to break through the red resistance line and maybe then we will see a rise of 30% or higher.
It is worth noting that an important psychological mark of 100k$ stands at the exit of the marked growth potential.
Coincidence or a pattern?
I don't know for sure but as I pointed out, a lot of factors indicate just that scenario.
So if my observations are correct, we could see the $100,000 mark crossed as early as the end of this year.
Do you believe that Bitcoin will touch $100,000 this year?
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.
The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.
The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.
I now consider the trend to have changed to an uptrend definitively.