BIO Protocol: Retrace, bullish resumption & 1,000%+ higher highA major correction is present on this chart, BIOUSDT, producing a falling wedge pattern and new all-time low. The all-time low is followed by a bullish breakout coupled with really high volume. Notice this exact same price pattern on hundreds of charts.
This sequence of events confirms the end of the downtrend, correction or bear market phase. It reveals the start of a bullish cycle and the current set up a bullish resumption or continuation.
After strong bullish action, there is always a retrace or correction. This is the action we saw on BIOUSDT during May-June resulting in a higher low. This higher low is the best news ever as it clearly reveals the presence of buyers above support and this instead prepares the market for a new bullish wave—huge potential for growth.
BIOUSDT grew more than 300% in its initial bullish jump, this is also repeated across many projects and altcoins. The next target based on Fibonacci proportions sits around $0.21 and this one opens up more than 500%, and it can all happen within just a few weeks, or it can take several months.
For example, the initial 300% move happened in 34 days. This new bullish wave can unfold in a time window comprising 2-4 months. The 500% is the first target but even higher is possible, we can see more than 1,000% total growth.
300% in just one month; 3-4X more is possible in two to four months. This is what the market is preparing for us.
Thanks a lot for your continued support.
Namaste.
Long
