Is another ALTSEASON happening?
The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it:
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied by a break of the uptrend channel and has the support of Komu cloud and weekly pivot and an MA200D, so I do not expect a quick price correction.
Which do you think is more likely?
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied by a break of the uptrend channel and has the support of Komu cloud and weekly pivot and an MA200D, so I do not expect a quick price correction.
Which do you think is more likely?
