Monthly chart here. We formed a very clear double-bottom, or W pattern, on our monthly chart.
After seeing an ATH of 864 sats during the "Google" pump of February 2020, last year - we consolidated and returned to bottom (a slightly lower bottom than the one we saw prior to the pump.
Following our double bottom, we rose sharply, not quite reaching our ATH @ 864, but wicking up close to our previous highest wick, and also holding the candle body area above the top of our "Google" pump monthly candles' bodies. This has us holding strong above the middle of our W or double-bottom pattern since we broke it with our pump in March of 2021, thus far.
Now, I see two possibilities:
1.) continue to hold above the middle of our W, and eventually break our ATH; heading in some direction towards our monthly candle's opening price on the first month of trading.
2.) a break below the middle of our W, heading down towards low 300s, and then turning back up to complete a giant inverted HS and back to option 1 above.
Alternatively, market conditions could lead to a triple bottom, as I've previously suggested, but that is still not in focus as a real possibility yet. Break well below 300 and it becomes possible.
After seeing an ATH of 864 sats during the "Google" pump of February 2020, last year - we consolidated and returned to bottom (a slightly lower bottom than the one we saw prior to the pump.
Following our double bottom, we rose sharply, not quite reaching our ATH @ 864, but wicking up close to our previous highest wick, and also holding the candle body area above the top of our "Google" pump monthly candles' bodies. This has us holding strong above the middle of our W or double-bottom pattern since we broke it with our pump in March of 2021, thus far.
Now, I see two possibilities:
1.) continue to hold above the middle of our W, and eventually break our ATH; heading in some direction towards our monthly candle's opening price on the first month of trading.
2.) a break below the middle of our W, heading down towards low 300s, and then turning back up to complete a giant inverted HS and back to option 1 above.
Alternatively, market conditions could lead to a triple bottom, as I've previously suggested, but that is still not in focus as a real possibility yet. Break well below 300 and it becomes possible.