Altcoins in Desperation
Other than some wicky price action on the weekly, there aren't many signs of a turnaround for the tumbling altcoin market.
Altcoins never retraced past the .236 at about 140bn from their all time high to the bear market low. This is a bear market rally with no convincing signs of a macro trend reversal yet.
A bounce of 10-20% this month is possible. There is a hint of an upcoming Stoch RSI cross although no signs of divergence or bullishness on the regular RSI. We would likely find resistance at the 21 EMA or 200 EMA which have been respected recently.
Altcoins never retraced past the .236 at about 140bn from their all time high to the bear market low. This is a bear market rally with no convincing signs of a macro trend reversal yet.
A bounce of 10-20% this month is possible. There is a hint of an upcoming Stoch RSI cross although no signs of divergence or bullishness on the regular RSI. We would likely find resistance at the 21 EMA or 200 EMA which have been respected recently.
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