MLN / TetherUSLong
✴️ Melon Downtrend >> Consolidation >> Bullish (~500% Potential)
Updated
Looking at the Melon (MLNUSDT) chart is easy to see how we went from a 'major downtrend' to a 'consolidation phase'. We are now moving towards a 'bullish cycle' which is the last part before the process starts all over.
The bullish cycle will be followed by a new bear market which is characterized by a major downtrend, followed by a period of rest with sideways action with either a downward or upward bent. Some Altcoins produce higher lows within the consolidation phase while others produce lower lows, it makes no difference when it comes to the bigger picture. After consolidation the bulls enter the game with force.
That's the bottom line: We are about to enter a major bullish phase consisting of higher highs and higher lows. This phase can end mid-2025, so there will be plenty of time to join the ride.
Namaste.
The bullish cycle will be followed by a new bear market which is characterized by a major downtrend, followed by a period of rest with sideways action with either a downward or upward bent. Some Altcoins produce higher lows within the consolidation phase while others produce lower lows, it makes no difference when it comes to the bigger picture. After consolidation the bulls enter the game with force.
That's the bottom line: We are about to enter a major bullish phase consisting of higher highs and higher lows. This phase can end mid-2025, so there will be plenty of time to join the ride.
Namaste.
Note
+78% Bullish breakout confirmed.This is only the start. I will update later when additional growth is in.
Note
Patience is key. Melon is now entering its "bull cycle," can grow more.
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