Total 3 Analysis & name your alt

28 июл. 2024 г.

Similar to Bitcoin, altcoins also began a correction in March.
Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break.

The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high.

In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins.

P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you?

Regards!
Mihai Iacob

30 июл. 2024 г.

Заметка

Total 3 corrected yesterday from under falling trend resistance.
In my opinion, this is just correction, not the start of a new leg down.
As long as the price stays above 600 T bulls need not worry
I wait for the price to clear resistance to load up alts