THE GIANT ETH ‼️
The escape from a 3-year-long consolidation pattern is an important signal, especially if this occurs on long-term charts such as weekly or monthly. This is a sign that the larger trend is changing and could open up significant opportunities for everyone to enter.
Long-term consolidation typically represents a period where prices fluctuate within a narrow range, with a balance between supply and demand.
When prices break out of this pattern, it often leads to a strong trend, as buying or selling pressure has accumulated energy over a long time.
"The sleeping giant awakens":
This metaphor suggests that after a long accumulation phase, it is preparing for the next price surge, which will be strong.!
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