AlanSantana

✴️ PYRUSDT | Vulcan Forged (Name Your Altcoin #5 ✅)

Long
KUCOIN:PYRUSDT   Vulcan Forged PYR / Tether
Vulcan's volume has always been strong, meaning that this is a well traded/sought out project.

This is also one of the "strong ones".

PYRUSDT technically hit the same low in December as in June 2022. In fact, while it wicked lower by a few cents, the candle close was higher and thus a signal of strength.

The RSI is very strong above 50 on the weekly timeframe, we are looking mainly at the log chart but see how the linear one looks below:
In 2024 we can revisit the highs of late 2021.
If this does not happen in 2024 then 2025 for sure... Based on the 2 years market cycle we normally experience.

2 years bullish, 2 years bearish.

The growth we see now is only the bottom recovery process, this can be followed by first a retrace, another bullish wave and then long-term consolidation.

The Bitcoin halving happens in 2024 and right after this event, the market resumes fast growth.

It will take a while but in late 2024 for some altcoins and 2025 most of the cryptocurrency market we will experience the next bull-run.

2023 is just getting started but we only gain by being prepared and aware beforehand as to what the future holds.

Thanks a lot for your continued support.

Namaste.

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