Sep 18, 2017
My kink: Patrick Sharp with an A on his sweater.
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My kink: Patrick Sharp with an A on his sweater.
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Altcoin Market Cap (ALTCAP) Breaks out From 101-Day Resistance Line
Altcoin Market Cap (ALTCAP) Breaks out From 101-Day Resistance Line
The Altcoin Market Cap (ALTCAP) possibly initiated a bullish trend reversal on June 18. It has broken out from both a short- and a long-term resistance level since. ALTCAP has been falling since creating a double top pattern (red icons) in Nov 2021. The double top is considered a bearish pattern, meaning that it usually leads to bearish trend reversals. In April 2021, it broke down from the…
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Altcoin Market Cap Bounces After Reaching Crucial Fib Ratio
Altcoin Market Cap Bounces After Reaching Crucial Fib Ratio
The Altcoin Market Cap (ALTCAP) has bounced at a crucial Fib level after decreasing by 69% since its all-time high. ALTCAP has been falling since reaching an all-time high price of $1.70 trillion in Nov 2021. The decrease was preceded by a bearish divergence in the weekly RSI (green), which has now fallen to oversold territory. The downward movement continued until a low of $427 billion was…
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