The ALTS market cap is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud is acting as resistance above the price action, indicating bearish momentum. We need to watch for a successful breakout or breakdown.
A breakout would signal a bullish trend in the ALTS market, while a breakdown would indicate a bearish trend. Keep an eye on this development. #altsesaon #altcoins binance
The total market capitalization is currently consolidating within a symmetrical triangle pattern after experiencing rejection at the resistance trendline. The Ichimoku cloud is also providing resistance above the price action, reinforcing the bearish pressure. Given this setup, we can anticipate a potential bounce from the support trendline of the triangle, which would maintain the consolidation pattern. A breakout above the triangle would serve as a bullish confirmation, indicating a potential
According to research this trendline has brought 3 alt seasons. We've seen a significant decline in the percent increase of low market cap alt coins in the past 8 years. we are about to test it for the 4th time. What do you think is gonna happen this time?#altsesaon #altcoin
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