We have a potential higher low now printed on the POWRBTC chart.
We see that the RSI went all the way down to oversold and marked a nice hidden bullish divergence... This happens when you see lower lows on the indicator, this case the RSI, yet we have a higher low on the trading pair (POWRBTC).
The MACD is starting to curve showing a young bullish cross...
This is still early, but this signals that the altcoins are getting ready to grow.
Just as we have a bearish wave/down... What follows is always a bullish wave/up.