LOKA | ATL

20 ago

We have another very interesting chart here and I think we can keep it easy. The fact that LOKAUSDT is producing strong bullish growth, supported by high volume coming out of a new all-time low says it all.

The all-time low is the most important signal.

➖ The ATL candle, 5-Aug., has really low bearish volume.
Revealing that the bearish trend is over.

➖ The ensuing bullish candles are big and with high volume.
Revealing that a reversal is taking place.

Now, please consider the difference between a pair like this one and Ethereum, just as an example to mention one of the "big ones."

It is easy to be bullish on a pair like this one because it produced a new all-time low and is now growing, but, when a pair/project trade at really high prices, it is much harder to become bullish or at least to be fully certain of a trend-reversal.

While smaller capitalized altcoins can start to grow, long-term and strong, bigger capitalized altcoins might not be done with their corrective phase. This is logical and makes sense. One completed its cycle, and so is ready to grow. The other hasn't completed the cycle and it has to go through it in full before change becomes possible.

I am using the log chart because it looks better, it is more appealing to the eyes, but the linear chart shows the true perspective as to what "bottomed out" and "all-time low" really means. It means that there is huge potential for growth.

LOKA Long-term linear chart:


Based on technical analsys, the chart signals: This is a good pair for a long-term trade.
Potential for growth short-term is also good.

Thank you for reading.

Namaste.