Alt coin market - macro view
Ok, sooo using log chart for this.
I see a black trendline that holds since the first movements.
An interesting channel forming 2017 top and 2018 bottom which extrapolated coincides with 2021 top.
Mid of the channel is close below from here.
Black trendline coincides with thhat level as well.
Apply a fan and you have also some interesting levels to see.
All in all, I see a confluence zone and project sideways movement for the next 4-5 months before bull trend resumption.
Does this make sense?
I see a black trendline that holds since the first movements.
An interesting channel forming 2017 top and 2018 bottom which extrapolated coincides with 2021 top.
Mid of the channel is close below from here.
Black trendline coincides with thhat level as well.
Apply a fan and you have also some interesting levels to see.
All in all, I see a confluence zone and project sideways movement for the next 4-5 months before bull trend resumption.
Does this make sense?
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