ALTCOINS - Bullish Weekly Outlook
Now that I have shown you the daily outlook on altcoins in my previous post "ALTCOINS - At Critical Support" Lets take a look at the weekly timeframe.
The weekly timeframe also shows us that we could see a significant rally for altcoins as long as this level holds. The first thing to note is altcoins showed strong buying pressure around the $430 billion marketcap which was the top of our 2017 bull market. Old resistance = New Support.
The next thing to note is our descending trendline of resistance from our high of $1.7 T. We recently broke above this trendline in early April and are now retesting it as new support! If this level is to hold we could see a marketcap of $700 billion or as high as $900 billion!
The weekly timeframe also shows us that we could see a significant rally for altcoins as long as this level holds. The first thing to note is altcoins showed strong buying pressure around the $430 billion marketcap which was the top of our 2017 bull market. Old resistance = New Support.
The next thing to note is our descending trendline of resistance from our high of $1.7 T. We recently broke above this trendline in early April and are now retesting it as new support! If this level is to hold we could see a marketcap of $700 billion or as high as $900 billion!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.