Altcoin Market (OTHERS) Cycle Analysis: To the Moon !
Let’s take a closer look at the previous bull cycle of the Others (Altcoin Market Cap excluding BTC & ETH) chart.
Before the major upward move, the market declined for months, eventually finding strong support around the $170B level.
After forming a higher low and a clear change of character (CHOCH), the market entered a sustained bullish phase. For 124 consecutive days, we witnessed a strong altcoin rally.
As of now, price action appears to be mirroring that same structure — but with a potential to push even higher than the previous ATH.
In this scenario, the target stands around the $470B level. As long as OTHERS holds above the $170B support, the altcoin market remains in recovery mode, and further upside is very much on the table.
— Thanks for reading.
Before the major upward move, the market declined for months, eventually finding strong support around the $170B level.
After forming a higher low and a clear change of character (CHOCH), the market entered a sustained bullish phase. For 124 consecutive days, we witnessed a strong altcoin rally.
As of now, price action appears to be mirroring that same structure — but with a potential to push even higher than the previous ATH.
In this scenario, the target stands around the $470B level. As long as OTHERS holds above the $170B support, the altcoin market remains in recovery mode, and further upside is very much on the table.
— Thanks for reading.
액티브 트레이드
Others had started to move when we first shared the analysis. Now in short term, if Others can claim 300B again, everything will be much easier. Be careful when it breaks down 270 B level.노트
Look for Long in low cap altcoins if the Others breaks 270B again. To confirm it, use 12H time frame, not daily.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.