Three cryptos likely to explode
Below there are monthly charts of three cryptos likely to explode in the next months by analyzing volatility and momentum.
The first one is PEOPLE, on the monthly chart price action is in an uptrend, the same is for momentum measured by RSI.
The second one is ENS, here the uptrend is less stronger, while momentum is recording a higher low.
The third one is SOL, here I don't like the combination between price and momentum, price is creating a kind of triangle, while RSI is down, but I really like the volatility component I explain you below.
In order to understand the likelihood of an explosive upward move, you must have price above the 20 MA (the pink line), the upper band taking space in the sky and pointing upward (the yellow line) and the lower band (the purple line) catching up and trying to bridge the gap with the upper band.
This setup is highly appreciable in SOL with the yellow line upward and the purple one already rolling over trying to catch the yellow one, in PEOPLE the yellow line completely dominates the purple one suggesting a very strong continuation move on the upside, and in the end in ENS the yellow line is starting to establish its dominance above the yellow one that tries to catch up.