Altcoin multi-year pattern breakout to 225 billion?
Early January I published 2 bullish fractals for the altcoin market. Since I shared this, the altcoin market almost did a 2x.
One monthly chart fractal, containing a bullish engulfing candle after a double bottom, back at 64 billion.
The daily chart fractal displayed a breakout of a descending channel.
Even though we're only halfway through February, current charts show a breakout of a 2,5 year symmetrical triangle that has the potential to propel us back to ATH. At the time of publishing, we are right at strong monthly resistance of 113 billion. If this is decisively broken, get ready for 225 billion. After that, were off to all time highs.
RSI has already broken out of a multi year downtrend too, with a lot of room to grow.
One monthly chart fractal, containing a bullish engulfing candle after a double bottom, back at 64 billion.
The daily chart fractal displayed a breakout of a descending channel.
Even though we're only halfway through February, current charts show a breakout of a 2,5 year symmetrical triangle that has the potential to propel us back to ATH. At the time of publishing, we are right at strong monthly resistance of 113 billion. If this is decisively broken, get ready for 225 billion. After that, were off to all time highs.
RSI has already broken out of a multi year downtrend too, with a lot of room to grow.
