Decision Time for Altcoins
Unless something drastic changes — like Trump firing Powell and cutting rates to 0% — the chart suggests a potential correction.
MACD is overheated, RSI is overbought, and we're hitting major resistance. An ABCD or extended ABCDEF pattern seems likely, with a upside target around $260B amd a downside support at $230B in total altcoin market cap.
Of course, the market can always choose to ignore the signals and continue its uptrend directly to the next resistance at $260B.
Stay sharp. Let’s see how it unfolds.
DYOR.
#Altcoins #Crypto #Bitcoin #ETH #MACD #RSI #TechnicalAnalysis #CryptoMarket #DYOR #PriceAction
Unless something drastic changes — like Trump firing Powell and cutting rates to 0% — the chart suggests a potential correction.
MACD is overheated, RSI is overbought, and we're hitting major resistance. An ABCD or extended ABCDEF pattern seems likely, with a upside target around $260B amd a downside support at $230B in total altcoin market cap.
Of course, the market can always choose to ignore the signals and continue its uptrend directly to the next resistance at $260B.
Stay sharp. Let’s see how it unfolds.
DYOR.
#Altcoins #Crypto #Bitcoin #ETH #MACD #RSI #TechnicalAnalysis #CryptoMarket #DYOR #PriceAction
Trade closed: target reached
Wow — just 8 hours after the post, the upside target at $260B has been hit!That was fast. No ABCD consolidation, no hesitation — straight to the top.
Now $260B stands as resistance.
The question is: will it hold for more than 5 hours?
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
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Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.