This chart excludes BTC and ETH, it is just the altcoin market cap.
They are sitting on a relatively strong support but a drop below will be devastating as there is not much support until approx 100 billion.
If they hold her and make move higher to 505 to 510 billion Then I think a big move can follow to into the 2 plus trillion mark but at this point its far stretch.
The good news is the RSI did go to
the Corona dump lows and has taken a bounce, but lets see where it leads.
A move above 500 billion and hold is very positive and could lead to strong rally later this year or next year.
They are sitting on a relatively strong support but a drop below will be devastating as there is not much support until approx 100 billion.
If they hold her and make move higher to 505 to 510 billion Then I think a big move can follow to into the 2 plus trillion mark but at this point its far stretch.
The good news is the RSI did go to
the Corona dump lows and has taken a bounce, but lets see where it leads.
A move above 500 billion and hold is very positive and could lead to strong rally later this year or next year.
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Related publications
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.
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Related publications
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.