BOLT is a streaming platform that rewards content creators and also the viewers with BOLT coins. It is a kind of a youtube that works on blockchain. It's an amazing platform that has an enormous scope. Let's get to TA!
Bolt has been consolidating for 7 weeks now and is off from a failed breakout. Looking at the weekly chart, RSI looks to get above the moving average, the white line, while stochs are right at the point of heavy support, which can be seen in the daily chart much better, and are flipping upwards which is a good sign.
The marked area on the stochs shows the enormous support and resistance around that area. Hence breaking through that resistance is key. Looking at the posture, it looks like it's ready to go, but confirmation will be given once stochs gets above that resistance and RSI gets above the moving average confidently.
It's likely that we will see a 60-80% increase next week and the week after can be huge! Expect a 300-400% gain over coming weeks.