The behavior of this chart is such that the green line can only block the candles once and the trend line will definitely be broken on the second collision. If this is our assumption, we will notice that in the last few months this green line has been tested for an upward break, from where the price has been reversed. Now if we move towards this line this time, it is very likely and according to its history that this chart will break upwards and altcoins will be heavily pumped.
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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.