Get ready for Next Alt Season , Total2 Analysis 🔥🔥
Updated
#TOTAL2 : Altcoins Total Market Cap
Well, we were going to talk about the Altcoin Total Market, analyzing the indices is hard and responsible work because candles are a function of volume and not every pattern and indicator can be used, and most of the work is based on behavior.
In Total2 we have an uptrend that is still maintained from the previous analysis 2 months ago and a possible Ascending Triangle pattern whose trend bottom is marked in orange and a heavy resistance at 700 billion.
We have two scenarios ahead :
1- Breakout resistance in the current wave
2. Correction to the bottom of the trend at 575B and breakout of the 700B resistance in the third retest and the next wave
According to the chart, I see the Alt Season probability if we keep the trends and in this wave or the next wave break the heavy resistance of 700 billion ascending triangles and move towards 750, 806, 941 and reach 1450B at the end of the wave
Because we are at the end of the compression, we should expect a sharp move in the next few days, which I expect to break the resistance upwards
Well, we were going to talk about the Altcoin Total Market, analyzing the indices is hard and responsible work because candles are a function of volume and not every pattern and indicator can be used, and most of the work is based on behavior.
In Total2 we have an uptrend that is still maintained from the previous analysis 2 months ago and a possible Ascending Triangle pattern whose trend bottom is marked in orange and a heavy resistance at 700 billion.
We have two scenarios ahead :
1- Breakout resistance in the current wave
2. Correction to the bottom of the trend at 575B and breakout of the 700B resistance in the third retest and the next wave
According to the chart, I see the Alt Season probability if we keep the trends and in this wave or the next wave break the heavy resistance of 700 billion ascending triangles and move towards 750, 806, 941 and reach 1450B at the end of the wave
Because we are at the end of the compression, we should expect a sharp move in the next few days, which I expect to break the resistance upwards
Note
I'm Stil waiting for Alt Season and nothing changed ;)
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