TOTAL3 Falling wedge is on going
I've been closely monitoring both the BTC chart and the market cap of altcoins (excluding ETH).
The current support level for altcoins is quite strong (Fib 0.618 on daily and weekly support). This support needs to hold if we want to see a recovery in the altcoin market or at least a stop to the ongoing decline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
The current support level for altcoins is quite strong (Fib 0.618 on daily and weekly support). This support needs to hold if we want to see a recovery in the altcoin market or at least a stop to the ongoing decline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Nota
Alcoins (excluding ETH) was rejected at Fib 0.5 and is now retesting Fib 0.618.I added to my bags with the dips of today
Nota
I updated this analysis with change in pattern. Indeed, the falling parallel channel is more suitable. As you can see in the below chart, Altcoins will face the important resistance with 3-4% from this level. Secure your trade in profit and avoid late longs.
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Penerbitan berkaitan
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.