See the ONEBTC trade idea for the start of this lesson.
Let's continue...
Growth has been happening since 16-October after a low was hit. After breaking above MA200 (black), ONEUSDT starts facing resistance in the form of EMA300 (grey).
It fluctuates a little bit challenging this level twice. At one point, a retrace happens and EMA200 (purple) worked as support.
The final rise starts right afterward and this is the important part. 👉 As soon as ONEUSDT breaks above EMA300, long-term growth potential confirmed, trading volume goes really high and the daily sessions/candles become really big.
👉 As soon as prices trade above EMA300, bullish momentum grows/speeds up.
Additional growth is now very easy and possible because there is no resistance in the form of MAs.