The total3 chart printed a high timeframe cup and handle formation and it looks like a breakout is imminent, but we could get some sideways action for a few weeks as well.
The measured move from this formation takes the market cap to $2 trillion, which looks like it will align with the ATH trendline, assuming the pump peaks in 3-6 months.
The BTC.D chart is breaking down as well which is a great sign.
My main concern is the USDT.D chart that's approaching strong support. Will that support stall alt season or stop it entirely? I think there's enough bullish signs to create the momentum that'll make this alt season take off.
Boost this post if you found it helpful.
The measured move from this formation takes the market cap to $2 trillion, which looks like it will align with the ATH trendline, assuming the pump peaks in 3-6 months.
The BTC.D chart is breaking down as well which is a great sign.
My main concern is the USDT.D chart that's approaching strong support. Will that support stall alt season or stop it entirely? I think there's enough bullish signs to create the momentum that'll make this alt season take off.
Boost this post if you found it helpful.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.