✳️ Status Network (Bearish vs Bullish Explained | Basics)

Let's go straight into the signals:

• Bottom pattern & triangle.
  
• Broken downtrend (descending channel).
  
• Trading above EMA50.
  
• MACD bullish above zero.
  
• RSI strong above 55.
  
• Higher lows since June.
  
• Many other Altcoins also showing bullish signals.
  

Just now I shared a trade idea for Status vs Tether (SNTUSDT). The chart is completely different to this one, the "1, 2, 3 UP Pattern", yet 100% bullish.

Here we are looking at Status vs Bitcoin (SNTBTC).
The signals are really strong not only because they are many but because they are showing up after a major low.

Prices going down is actually bullish.
Everything growing turns bearish at some point.

I've seen many people reading it the other way around. They think high up is bullish and deep down is bearish... That's not how it works.

✔️ Bearish denotes a potential to move lower.
✔️ Bullish means potential for growth.

When the market hits bottom it becomes strongly bullish because there is huge growth potential. On the other hand, when the market peaks it becomes bearish because the potential is high for a drop.

This is basic, but it is good to have a clear picture as not to confuse how the charts are read and say "bearish" when things are bullish and "bullish" when everything is about to go wrong.

Bullish comes out of red.
Bearish comes out of green.
Buy low.
Sell high.
Easier said than down... Unless you follow me.

Namaste.

Comment:

Looking really good.
Strong bullish wave about to get started.

Comment:

Already moved beyond our short-term targets, +99%

Additional growth is possible if we consider the higher timeframes.

Enjoy the profits.

Namaste.