✴️ AirDAO Break & Retrace Complete (Name Your Altcoin)

21 paź 2023

We have the classic retrace after the initial bullish breakout when a low/bottom is hit.

AirDAO hit a low 17-August followed by a bullish breakout.
After this initial bullish breakout, a classic retrace takes place before additional growth is possible.

Here we can see AMBUSDT moving below 0.618 Fib. retracement but not reaching 0.786, the retrace ends in between.

This would end as a higher low compared to mid-August which is followed by a new high, the resumption of the initial breakout; a continuation of a newly developing bullish wave.

This analysis is always true and valid as long as AMBUSDT trades above the 17-August low at 0.00444.
As long as this level holds, we can expect long-term growth.

You can find two potential targets mapped on the chart.

I hope you find this information useful.
Thank you for your support.

Namaste.