Technical analysis by AlanSantana about Symbol PROS: Buy recommendation (12/9/2024)

The bear-market for this pair ended June 2022. This market bottom was immediately followed by a strong bullish wave. 2,000% in size. This bullish wave led to a long-term correction that ended in a sideways market. This sideways market shows bullish tendencies; let me explain.➖ PROSUSDT (Prosper) bottom in 2023 as a higher low compared to 2022. And so far the dynamics continue to be one of higher highs and higher lows. Recently, the bullish bias is intensifying and PROSUSDT is trading above a major support level.➖ The 2022 bullish wave has a 0.786 Fib. retracement level valued at 0.6111. As long as PROSUSDT trades above this level, we are in the bullish zone. PROSUSDT is safely trading above this level now and loading (consolidating) in preparation for a new bullish impulse.There is potential for more long-term growth. This is a bullish chart, and the signals are pointing up. This pair has been moving for months but continues to look strong.Multiple targets can be seen mapped on the chart. Up to 650% potential for the top one.Namaste.