đšđšParabolic Breakout Looms for Altcoins!
Analyst Predicts Major Gains if $1.4 Trillion Resistance is Broken
The altcoin market is on the verge of a critical breakout, with the $1.4 trillion resistance level in sight. This could trigger a parabolic Wave 3 breakout in 2024!
đ Historical Patterns Indicate Bullish Cycles
Crypto analyst El Crypto Prof highlights strong historical patterns through Elliott Wave Theory. Notably, the marketâs previous bullish phases in 2017 and 2021 mirror current conditions, setting the stage for significant gains!
⥠Momentum Building with RSI Bullish Divergence
An RSI bullish divergence suggests that momentum is building, indicating the market is poised for explosive growth if the resistance level is breached.
đź Potential Upside Based on Past Cycles
Historically, the altcoin market has followed distinct bullish phases. The first, Wave 1 (2015-2017), saw a gradual buildup into a major breakout by mid-2016, culminating in a peak at the end of 2017.
Wave 2 (2020-2021) followed a similar path, transitioning from a lengthy consolidation to another rounding-bottom phase before an explosive breakout in late 2020.
đ Stay Alert for Whatâs Next!
With these indicators aligning, the potential for a new bullish phase is on the horizon! Keep an eye on the altcoin market as we approach this crucial moment!
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