Decision Time for Altcoins
Unless something drastic changes — like Trump firing Powell and cutting rates to 0% — the chart suggests a potential correction.
MACD is overheated, RSI is overbought, and we're hitting major resistance. An ABCD or extended ABCDEF pattern seems likely, with a upside target around $260B amd a downside support at $230B in total altcoin market cap.
Of course, the market can always choose to ignore the signals and continue its uptrend directly to the next resistance at $260B.
Stay sharp. Let’s see how it unfolds.
DYOR.
#Altcoins #Crypto #Bitcoin #ETH #MACD #RSI #TechnicalAnalysis #CryptoMarket #DYOR #PriceAction
Unless something drastic changes — like Trump firing Powell and cutting rates to 0% — the chart suggests a potential correction.
MACD is overheated, RSI is overbought, and we're hitting major resistance. An ABCD or extended ABCDEF pattern seems likely, with a upside target around $260B amd a downside support at $230B in total altcoin market cap.
Of course, the market can always choose to ignore the signals and continue its uptrend directly to the next resistance at $260B.
Stay sharp. Let’s see how it unfolds.
DYOR.
#Altcoins #Crypto #Bitcoin #ETH #MACD #RSI #TechnicalAnalysis #CryptoMarket #DYOR #PriceAction
Trading ditutup: target tercapai
Wow — just 8 hours after the post, the upside target at $260B has been hit!That was fast. No ABCD consolidation, no hesitation — straight to the top.
Now $260B stands as resistance.
The question is: will it hold for more than 5 hours?
Catatan
I posted a follow up here: 
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.