The cup pattern. A bowl. A curve… If you draw a straight line from the last peak, left to right, you can get the pattern neckline, the base. When this resistance is being challenged it means the market is ready to move ahead. The more that it is challenged, the weaker it becomes.
See here the long-term TOTAL3 index chart. Very strong volume. Strong bullish conditions. Trading above all moving averages, everything looks great.
‘Resistance’ is being faced at the right end of the pattern, just as it happened back in November 2024. This is a bullish pattern. There can be a drop, retrace at resistance, followed by additional growth. The way the chart looks now we are aiming at a repeat of 2024. A rising line. Straight up.
While we have a steady rise since 7-April this is part of a period of bullish consolidation, the real breakout is yet to happen. The bigger portion of the bullish move is yet to show up. The best is yet to come.
Everything will be much better; higher prices, in the coming months.
The altcoins market will continue to grow. Market conditions will continue to improve and Bitcoin will stabilize at a high price only to continue with its eternal bull-trend.
Thank you for reading.
Namaste.
