🔥🔥🔥 Altcoin Charts Show #bullish Signs Ahead of #BitcoinHalving and #AltCoinSeason
Dan Gambardello, the founder of Crypto Capital Venture, recently shared insights on X regarding the weekly charts of four altcoins: Cardano ($ADA ), Gala ($GALA ), Avalanche ($AVAX ), and MultiversX (EGLD).
According to Gambardello, the weekly charts of these selected altcoins exhibit similar trajectories, hinting at potential momentum ahead of the Bitcoin halving and the subsequent altcoin season. Gambardello expressed optimism, suggesting that these altcoins are "just getting started," implying a possible rally in their prices in the near future.
Responding to Gambardello's observations, crypto enthusiast Jason Owen weighed in on X, noting that the weekly chart of ADA appears more promising compared to its hourly counterpart. However, Owen pointed out a potential bearish pattern forming on the daily timeframe, specifically a head and shoulders pattern. This pattern typically signals a trend reversal, indicating a potential downward movement in prices until the pattern is invalidated.
Gambardello's charts illustrate that since the beginning of 2024, the prices of these altcoins have been predominantly on an upward trajectory, with occasional retracements followed by renewed momentum.
In a separate development, prominent Bitcoin analyst Michaël van de Poppe recently identified ten altcoins that investors may consider acquiring before the anticipated altcoin season. Among these altcoins are Chainlink (LINK), Celestia (TIA), and Polkadot (DOT).
Source - coinedition.com