#Altcoin season Incoming 🔥 | Mags on Binance Square

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#Altcoin season Incoming 🔥

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#Bitcoin bears are not ready for this

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#Bitcoin is holding strong at support, while RSI is consolidating within a channel. breakout incoming ? 🤔

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$XSWAP has flipped previous resistance into support. Last time, the price got rejected near the ATH, but I believe we’ll see another attempt to break the ATH soon. Overall, the price is forming a bullish market structure and is looking good for the mid-term.

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$WELF - possible double bottom pattern formation. It's still too early to confirm, but I’d like to see the price flip $2.75 to validate the completion of the right bottom. As the market recovers, I believe solid projects like $WELF to rally back up again.

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#Bitcoin forming a bullish continuation pattern? BTC has held strong above $91K support despite multiple tests. The price is currently in an ascending broadening wedge pattern. This pattern can act as either a continuation or reversal pattern and can break either way. However, as long as the lower support holds, the chances of an upside breakout look good. The measured move target for the pattern is $138K.

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