Opportunity for the altseason

23 Apr 2023

To date, the market has consolidated after a monthly pullback and there are new opportunities for growth for individual coins to turn the weekly candle into a bullish one. Unfortunately, the topcoins did not check the support with daily pinbars, as we would like, and were delayed, which greatly reduces the further growth dynamics. However, the goals are still 2250-2500 on the ETH and 32.5-35k on the BTC, and there should be at least a second attempt to grow on the retest of the previous week. But the most attention is now attracted by the dominance of bitcoin. The powerful level of 47.5% was successfully broken through and there is a trade around the intermediate 47.25. In the case of a departure below and especially a breakdown of 46.75, there is a high probability of a stable trend with test targets of 44, 43.5, 42.5 and a possible departure below by the end of the year. Even against the background of sluggish dynamics of the tops, such a decrease in dominance will give the violas an opportunity to double-check the hai. If the fall of dominance is superimposed on a new wave of top growth, then we will see very powerful breakouts on the alt.
While I continue to work with uft pros vib cvp torn perl for pnt ooki and asr atm fantokens, which retain the highest technical goals for growth. Today, torn has every chance to turn the weekly candle into a bullish one again in the 12.5-13.5 area with sufficient volatility.