EURJPYEURJPY is been on huge bullish run and now is due for some deep correction. As the pair has created bearish divergence in 4H which is signaling for some deeper correction.
Deepcorrection
Is another ALTSEASON happening?The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it:
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied by a break of the uptrend channel and has the support of Komu cloud and weekly pivot and an MA200D, so I do not expect a quick price correction.
Which do you think is more likely?
