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Altcoins - Huge rallye loading ⏳
Read to understand!
Historic fact: The significance of the EMA50 (50-day Exponential Moving Average), represented by the green line, is unmistakably the mother of market status of altcoins as either bullish or bearish. During the 2021 bull market, it took a span of 47 weeks before the first huge correction occurred, dumping the entire altcoin market beneath this critical green line. As you can see, altcoins reclaimed its position above the EMA50 in June 2021, propelling it towards new all-time highs (ATH).
Now in the current bull cycle a similar pattern appears. Altcoins following the mother of EMA50 with absolute perfection. Remember it took 47 weeks in last bull for the big correction, this time we have only seen 24 weeks of bull movement. Expect much higher, really much higher targets for altcoins in the coming months!
This is just one of many reasons why Altcoins will remain in bullish continuation for a long time.
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