​​Cart BITMEN|CRYPTOMEN

The coin shows an extremely ragged trend. The coin has recently received a listing on top centralized exchanges, which results in a lack of correlation with BTC and individualism in movements. For a long time we were in an ascending channel, which perfectly stimulated the trend and led to an update of the local high, after which, under severe overheating, the asset went into a strong correction 🔚

Having formed a double bottom in the area of ​​strong support, the buyer began to actively develop a bullish trend, which was accompanied by various patterns from bullish spinning tops and engulfings to ascending channels and a bullish flag.

At the moment we are forming a classic ascending triangle, which often breaks into a long position. Within the wave structure, we are in the fifth wave and it seems logical for the asset to overshoot and go a little higher, however, some formations suggest pessimistic thoughts. A bearish divergence is forming on the stochastic oscillator, which can lead to an impulsive correction of the asset from near-current values.

According to CVD, a sales absorption pattern has been formed in the balance sheet, which, together with the growth in volumes, indicates an interested buyer. Predictive liquidation cards have changed their location and most liquidations are located on top.

Most addresses on the network are in the black, but do not exert any pressure on the asset, since everyone who wanted to sell has already sold in the fall before and now, after complete cleansing of unnecessary liquidity, we can develop further movement. If we do not break through the ascending triangle into a long position, but go lower, we will be expected to see a decline in the instrument to $0.031559, where the largest limit support area for the asset is located ✔️

🔜Brief porism: To continue the upward trend, there are all the necessary conditions and you only need to break through the ascending triangle into a long position, however, in the opposite scenario, we expect a flat structure with a squeeze to the limit support at $0.031283.$BEAMX