ALTS at important resistance

29 Des 2019

I feel worry for alts, as alts index is close to both horizontal resistance and descending channel border. Breakout will certainly be followed by pumping alts, while rejection will put alts into red zone for 2-3 days at least.

Month closing so bearish, that dead cat bounce is actually possible. Week no that bearish - which again lead us to dead cat bounce =) And that bounce will be after the New Year.