Look at the volume on the last two candles... This is the start of a strong bullish wave. This high volume on the daily timeframe fully confirms so. We are looking at SYSUSDT.
Now, this is only a short-term move shown here but it can give much more. Seeing the strength of the correction, the fact that it went beyond 100% compared to the previous low, means that all weak hands have been removed and thus no sellers. (Now, after a rise corrections can always develop...)
Since an all-time low has been hit recently, 5-Aug., it is likely this is the start of a major bullish phase. Or it can turn out to be a strong bull-trap, a small wave to trap bulls before a major crash... It is early but trading opportunities will continue to develop. Timing and discernment is key.
The altcoins market is heating up. We will see this pattern repeating all across, over and over, again and again.
Thank you for reading.
Namaste.
Catatan
The higher low developing now is a strong bullish signal. It means we will have higher lows and higher highs for a while. The start of a bullish cycle.
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