$1000CAT 210% & The altcoins market
We can consider this chart in isolation or together with the rest of the market.
Here the consolidation at bottom prices is the same as with PEPE or POL even though there is a new low. The new low yesterday isn't a major low but a continuation of the consolidation phase at bottom prices.
6-Feb the low was 0.00154. 28-March the low was 0.00151. This is what I am seeing with many projects. Not a new downtrend, but shy lower lows, double-bottoms or even higher lows. While the bullish breakouts are really strong.
Those projects that are breaking bullish grow 50% on the first day and then continue green for several days. 100-300% within days.
Those projects producing new lows, like this one, only moved 3% below 6-February. This is what reveals a complete secession of bearish action. There isn't any bearish action to be honest.
This is one of the signals that support a rising wave showing up next.
1000CATUSDT is moving within a reversal pattern. This pattern can easily produce a bullish breakout.
It can also happen that the sideways period becomes extended or even a change in market conditions; rather than a bullish breakout, a bearish breakdown.
Bigger projects look better though. Some examples: TRX, BCH, CATI, CETUS, STO, STG, FET, ENJ, ONT, etc.
Look at DASH as another example. The next move will be big and it has been in the making for a long time. By the way, March is closing green.
Just as we get a weak green week first after sustained bearish action, followed by a strong green week and then more growth; the same can happen on the monthly timeframe. The first month can be weak green, then the next month green strong.
See a 210% target mapped on this chart. Let's see how it goes.
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