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
Trade chiuso: obiettivo raggiunto
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?
Nota
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I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.