ALTcoins May Face Further Rally

Updated

ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2, watch out on further rally into wave 3 of a five-wave bullish cycle, especially if breaks channel resistance line near 500B level.

Comment

ALTcoins remain nicely bullish as expected and some of them have still space for more upside, but can be now final 5th wave before we will see a higher degree correction.

ew-forecast

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