Cartesi: Diamond In The Rough (415% - 689% Bullish Potential)

6 oct

Cartesi has been playing with a long-term support recently and we know that Cryptocurrency trading pairs tend to grow from support.

How you are doing in this quiet Sunday?

Here we can see the same support range functioned as a bottom in November 2022, being activated again in August 2024 (long-term higher low) and again in September 2024 (short-term higher low).

This support range also became active in June and August 2023 preceding the recovery rally bullish wave.

This is now a very strong support and remains valid and we can see growth from this level because the pair is trading fairly low. Once we hit bottom, there is no other place left to go but up.

The fact that we have reversal candles when we reach this range; Doji August 2024, long lower wick current session, indicates that buyers are ready at these prices.

Knowing this, we can be part of the buyers group and positions ourselves for the soon approaching higher prices.

Finding the bullish within the bearish.

We are seeing pairs going sideways, some going down while others are strong up. It is a big mixture, but if we look carefully we can find the diamond in the rough.

Namaste.