Altcoins market cap chart looks scary, more downside to come
The market cap excluding bitcoin, aka, Altcoin, is clearly in a downside trend.
MA50 is crossing MA200 and goes down. Death cross generated.
The technical picture looks very dim.
Weekly RSI is 43.66, heading down. Until it breaks out above resistance line, I don't think it's wise to buy the dip.
MA50 is crossing MA200 and goes down. Death cross generated.
The technical picture looks very dim.
Weekly RSI is 43.66, heading down. Until it breaks out above resistance line, I don't think it's wise to buy the dip.
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