In my latest analysis, I noted: "It appears that after the recent growth in lower timeframes, we have entered a corrective phase, and a Running Contracting Triangle pattern is likely forming. We are currently in wave-d of this triangle."
After the completion of wave-d , we observed a 10% drop in #TOTAL3, which led to a significant decline in altcoins.
Regarding the Running Triangle:
The Running Triangle pattern remains valid. However, with wave-e breaking the a-c trendline, we should consider this as a warning. There is a possibility that instead of a Running Triangle, a Diametric pattern may form.
Regarding the Altcoin Market:
As I previously mentioned, the Altseason that many analysts are anticipating has not yet arrived. By examining the 1W cash data chart , we can see a Neutral Triangle forming, and we are currently in wave-(D) of this triangle. Nevertheless, I still believe altcoins will experience at least a 30% to 70% growth.
In my view, the main Altseason is likely to occur in 2026. However, to determine the precise timing of the Altseason's start, we need to wait for the completion of wave (D).
Good luck
NEoWave Chart
Pubblicazioni correlate
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.
Pubblicazioni correlate
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.