Altcoins will rally soon.

Panjang

Crypto Total Market Cap Excluding BTC, $ (CRYPTOCAP:TOTAL2)

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CRYPTOCAP:TOTAL2 Crypto Total Market Cap Excluding BTC, $

trendanalysis indicator cryptocurrency altcoins bitcoin bullish

Looking at the weekly chart we can see:

-Altcoin marketcap has been following this clear trendline for the past few years and its about to touch it again.
-If we look at the ichimoku cloud, we can see that the past is repeating itself, we're having the first rejection from the red cloud just like in 2015. Once we break through it, it will be very bullish for alts.
-Stoch RSI is also due for some upside movement

Komen:

As we can see we've recently hit the trendline again.
I believe alts will have a nice rally the next few weeks.
Also October will be a good month with the next monthly candle.

Penafian

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