Just watching the dominance charts on 'shitcoins'
A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level
This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017.
Are we retesting the previous resistance as the new support level?
Here we see a huge RSI divergence forming - could this be a sign for reversal?
Are we primed for a huge altcoin party?
Fundamentals are quite bearish given the number of scams and failed projects, and slow adoption.
But overall technicals is printing bullish signs. You be the judge :)
A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level
This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017.
Are we retesting the previous resistance as the new support level?
Here we see a huge RSI divergence forming - could this be a sign for reversal?
Are we primed for a huge altcoin party?
Fundamentals are quite bearish given the number of scams and failed projects, and slow adoption.
But overall technicals is printing bullish signs. You be the judge :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.