Here we have a huge channel, more than three years old, that broke down and led to a new All-Time Low for Status Network (SNTBTC).
Now, look at the "bearish impulse," left side of the chart. The size is quite big, the same proportions as the major channel just described.
Now look at the tiny wave titled "channel breakdown." This is really small in comparison to the channel and bearish impulse. This is the end of the bearish phase. The fact that it is really small in proportion and it lacks volume, tells us that this is a liquidity hunt move rather than a new bearish cycle.
As soon as this move is over a new market phase beings. This is the bullish phase.
We are expecting strong growth now, long-term growth.
š We have an easy target at 265%. There is more, 700% and even higher is possible with a final target of 1,165%+.
We don't know how far up this will go, it is still too early to say. As the bullish cycle develops, some pairs will move ahead of the pack and give us clues as to the upcoming top.
What we do know for sure, is to buy low...
Buy low and hold! and behold... Success is yours.
Namaste.
