✴️ Locus Chain | New Young Chart W/ Strong Bullish Signal (222%)

2 de jan.

You know we try to stay away from new and young charts as an analysis cannot be reliable without data, but we make exceptions.

Here we have Locus Chain (LOCUSUSDT). The chart is really young but two strong signals stand out:

1) The inverted triangular bottom, indicates that the low is in and this pair is ready to grow.
2) Ultra-high bearish/red volume late December but prices fail to move lower (a sign of strength).

Couple this with a full green candle today matched by a strong RSI, and we have signals that can work nicely even with a young chart.

EMA50 confirmation only happens once the session closes in one day above this level (0.2049).

Remember to do your own planing and research.
This is not financial advice. All the information is shared for educational purposes only and for your entertainment.

Namaste.