#Altcoins
Wow, TOTAL3 is about to form a bullish cross in the MACD.👀
At the same time, it's dancing on a trend line that has been in place for 2 years.
In the past, this combination has always led to an altcoin rally.
A beautiful falling wedge pattern in alts against Bitcoin and a beautiful bullish divergence with the RSI which is hinting at a bull breakout of the wedge pattern!
$OTHERSBTC
$ETH rejected key ~$3,230 resistance.
As mentioned in yesterdays analysis, the failure triggered shorts. Enjoy the gains if you took it.
Right now, it looks like Ethereum is trying to hold here.
If we make another attempt to gain ~$3,230 resistance, I'll be looking for longs after reclaiming with the $3,440 FVG as final target, or shorts after the failure again.
If we go lower, we'll probably test the ~$3,000 support box. Looking for longs after reversals of shorts after the loss there.
Losing ~$3,000 support triggers shorts to the ~$2,800 start impulse, similar to Bitcoin as you can see.
When we arrive at the ~$2,800 support box, it's time to snipe the reversal for longs again.
Let's see if we can get some directional moves today.
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$NEAR is just accumulating, and was ready to break upwards.
NEAR Intents has accelerated massively with its revenue and interest.
Therefore, the mispricing between the price of the $NEAR token and the amount of fundamental growth is significant.
Both the USD and BTC valuations of this asset are significantly undervalued.
I would rather accumulate this position.
🚨 ALTCOIN SEASON 🚨
With QT ending tomorrow, a move toward 0.25 could mark the start of the next major altcoin rally
Credits to @benjamincowen for the chart and analysis
Tether FUD usually marks the bottom for Bitcoin.
FUD exists for one reason: to make you panic-sell so big players can accumulate your assets.
Also, Tether is one of the most
profitable companies on the planet.
That alone is enough to attract haters, skeptics, and non-stop FUD campaigns.