What goes down must go back up... This is true when it comes to the altcoins within the cryptocurrency markets.
We saw MANABTC (Decentraland) break below the 0.786 Fib. retracement support level just to quickly move back up.
This is a very strong bullish signal. You can say that the weak hands have been removed.
MANABTC Chart Signals
Here we have a MACD bullish cross.
The RSI trending up strong reaching 50.
MANABTC now trading above EMA10 and EMA21 (candle closure is needed for confirmation/early signal).
And we have other altcoins starting to grow.
As an additional bullish signal, we knew that the altcoins market was getting ready to move big UP/GREEN.
Now that we are seeing some altcoins waking up, we can take it as a clear signal that the bulls are no longer asleep but instead, they want to take back control.
The bulls getting back in control signals big profits, big gains... The bearish wave is now done.
You can find the 100%+ target clearly marked on the chart.
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