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
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。