Altcoin Market (OTHERS) Cycle Analysis: To the Moon !
Let’s take a closer look at the previous bull cycle of the Others (Altcoin Market Cap excluding BTC & ETH) chart.
Before the major upward move, the market declined for months, eventually finding strong support around the $170B level.
After forming a higher low and a clear change of character (CHOCH), the market entered a sustained bullish phase. For 124 consecutive days, we witnessed a strong altcoin rally.
As of now, price action appears to be mirroring that same structure — but with a potential to push even higher than the previous ATH.
In this scenario, the target stands around the $470B level. As long as OTHERS holds above the $170B support, the altcoin market remains in recovery mode, and further upside is very much on the table.
— Thanks for reading.
Before the major upward move, the market declined for months, eventually finding strong support around the $170B level.
After forming a higher low and a clear change of character (CHOCH), the market entered a sustained bullish phase. For 124 consecutive days, we witnessed a strong altcoin rally.
As of now, price action appears to be mirroring that same structure — but with a potential to push even higher than the previous ATH.
In this scenario, the target stands around the $470B level. As long as OTHERS holds above the $170B support, the altcoin market remains in recovery mode, and further upside is very much on the table.
— Thanks for reading.
Dagangan aktif
Others had started to move when we first shared the analysis. Now in short term, if Others can claim 300B again, everything will be much easier. Be careful when it breaks down 270 B level.Nota
Look for Long in low cap altcoins if the Others breaks 270B again. To confirm it, use 12H time frame, not daily.
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.