Good Thursday my beloved Cryptocurrency trader, we have a great chart ready for you today.
Flux Network (FLUXUSDT) is coming out of new All-Time Low and is showing the strongest possible combination of bullish signals... Let's dive in!
On the 04-Sep session we have an inverted hammer bullish candlestick pattern, this pattern shows up at the end of a trend to signal a potential reversal. The pattern is only confirmed after a new session closes above the wick high, this is the case with FLUXUSDT.
Just as a new ATL is hit, the hammer shows up with really high volume, the highest buy/green volume ever for this pair and this is followed by multiple green sessions, 4 straight weeks closing green as FLUXUSDT moves above EMA10 and EMA21 weekly.
Couple this with a rising RSI and a broken downtrend (descending channel/falling wedge) and we have a perfect combination of bullish signals.
Multiple targets are mapped on the chart.
It doesn't matter how far it goes in the short-term, we can expect a new bullish trend to develop, which means higher highs and higher lows long-term.
This is a good pair.
Thanks a lot for your amazing and continued support.
You are appreciated.
Namaste.