Altcoin Season Incoming? Big Pump Potential!Similar to TOTAL, there is still a big chance for a pump higher to the green zone area of 858.309 - 876.481B. If this happens, it could signal the beginning of an altcoin season bull run. However, it might not be that easy to pump to that level; I believe there will be one more dip to shake out retail investors and crypto enthusiasts, making them scream "crypto scam" again before the real bull run occurs when people are skeptical about the market.
Cryptoweeklyupdate
Crypto Market Cap Analysis: Overbought RSI and Potential PumpThe crypto total market cap has followed the potential pump I mentioned last week. So, what's next for TOTAL?
From a technical analysis perspective, as we can see, the RSI is still in the overbought area, indicating a potential retest before continuing its pump. There is a big possibility that the pump will reach the greed zone area of 2.957 - 3.024T.
ETHBTC Analysis: Bullish Momentum and Potential Corrections#personaloutlook #marketupdate
#cryptoweeklyupdate on 27/05/2024
#sekilascrypto #ETHBTC
As I mentioned last week, we have successfully broken through the yellow area at 0.4883212 - 0.05036641, indicating that ETH is starting to strengthen against BTC. So, what's next for ETHBTC?
Currently, it remains quite strong and bullish, but as we can see, the Stoch RSI is already entering the overbought area, which could potentially lead to a correction. On the daily timeframe, there is still a chance to reclaim up to 0.06047006 and then drop back as a correction to the current area around 0.05677990. However, overall, there is a big possibility it will move to the green zone in the area of 0.06554863 - 0.06813071.