AlanSantana

✳️ League Of Kingdom Triple Bottom Confirmation (400% Potential)

Long
BINANCE:LOKABTC   LOKA / Bitcoin
On the left side of the chart, we can see a clear downtrend (marked with red-lines)... As the downtrend is active we know the bears have control of the chart and we expect lower prices.

Reaching June 2023 the trend becomes less steep, change starts to happen.

➖ LOKABTC starts a consolidation phase and produces one final low in October, from which point it starts to rise (confirmation one - ATL).

➖ As LOKABTC starts to move up it breaks above EMA100 and EMA50. There is a retry at EMA50 as support but prices start to bounce before reaching this level (bullish strength - second confirmation).

➖ After the lower lows we are getting higher lows and this action ends up as a rounded bottom pattern (third confirmation).

Slowly but surely we can see how everything is starting to change.
From a steep decline to almost sideways and now bullish with growth happening today.

From the bottom we go up... We have more than 400% potential mapped on this chart.

Namaste.

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