1. The beginning of the decline in the level of BTC dominance. 2. Weakening of BTC /USD growth dynamics near ATH. 3. General consolidation of altcoins after a downtrend (to BTC ). 4. Inflow and redistribution of new money in the market. 5. General growth trend of the crypto market. 6. Formation of a local WAN/ BTC consolidation zone after the fall. 7. Formation of local trend support, in case of its breakdown into the red zone, you can consider the possibility of closing the transaction.
awesome, thank you for your reply, do you think precentage wise there is some certainty for this to reach these levels and at what timeframe ?
Henry_Ross
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@suddenRice71881, I think WAN will maintain this historical level of support.
Also now on the weekly chart there is a discrepancy between the RSI and the chart.
In general, WAN shows itself stronger in relation to other ALT, it is not so much down in BTC against the background of others.
I look forward to the growth of ALT in the next few weeks (the idea of BTC.D + TOTAL2).
Theoretically, we can make 102% to BTC from the current price.
A further decline is possible, but I do not think that it will break through the support and will be long.
Henry_Ross
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@Henry_Ross, It is difficult to analyze individual coins and there is little sense, it is worth looking at the global ALT market and the dominance of BTC.
If you look at each ALT separately, most have the same picture.
There are exceptions, trending ALT like now LTC and ALT new technologies like DEFI