I have posted a chart of ONEBTC months ago which shows confluence to this analysis. The ONEBTC seems to have bottomed out as ONEUSDT is showing the final phase of its accumulation.
This will be the best long opportunity I will wait for the upcoming month as we end our month with a very very bullish move (A significant level being broken with a huge volume). This move has still potential downside as the final gate to the upside is currently not yet broken.
Presented is a great support to enter the long for this asset. If the month of March only shows an unsignificant move to the downside, the price I included in the chart may not be reached.
I expect a target of 200%, 700% and 1000% for this run.
Bình luận
My ideal long was a monthly close of 0.01876. The dump became the range's POC seen on the fixed volume profile from Jan 2023 to May 2023 (it is seen around 0.02).
Luckily I didn't have the patience to wait for my ideal entry as I entered partially at 0.0234 before the dump even occured.
Staying long with this asset seeing where it will come through.
Will keep an open mind accumulating or selling while supervising its pair against BTC.
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