Alt coin market Cap

Alt market cap chart, looks VERY dangerous. With a lower high now crawling against it's support, which usually mean it will break. Short term, would we have what i think the key levels, with the lower red zone being a short term resistance. The yellow zone on the right is what i think the key level between another rally bounce from the trend line or a lower high and a break of that trend.





Previous analysis:

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Now the trend line broke and we got some movement down, no big dump yet though. Now the key level is that red zone on the left. Anything below can be considered as a standard retest.

On the right, that bear flag zone, is what the bears have to keep momentum on their side. If it breaks above it, it gets a bit more neutral up until that red zone i just mentioned.

So inside the potential bear flag, bears clearly in favor. Above it only slightly in favor up to neutral. Above the red zone, bulls slightly in favor