✴️ Flamingo Ultra-Bullish But Why? (Name Your Altcoin)Flamingo is set to grow in a way not seen in many years... But why?
You see those huge "spikes"?
Those days/sessions where the candles end with a very long upper shadow!
These spikes represent "bullish pressure".
This can be read as the market removing resistance.
Sell orders are being filled...
Once Flamingo starts to go north, there won't be any sell orders in the way because they have already been removed and so its price can continue straight up.
Another way to look at it is by saying that the bulls are strong on this pair and have been trying to push prices higher without success, maybe they lack market support. Once support is found, say by Bitcoin going bullish and breaking above 30,000, then this and other Altcoins can easily fly up.
It doesn't matter how you slice it, we are going green... That's my translation of this chart.
By the way, the 350% potential can happen fast, short-term.
Thank you for reading.
You are appreciated.
You are a Divine living being...
Namaste.
