AltCoin Market Poised to Enter Highly Volatile Channel Above
The AltCoin Market Cap has broken through strong exponential resistance levels that have held since January 10th on the daily time frame. After retesting the 12- and 26-day EMAs (which have also now crossed), the daily candle closed back above the relative average of the bull flag formation (the 48-day EMA).
If the price action moves into the next channel, above, there may be extreme volatility in the altcoin market as no clear resistance levels will lead to potential price discovery with a tentative re-test of the $60 billion level.
If the price action moves into the next channel, above, there may be extreme volatility in the altcoin market as no clear resistance levels will lead to potential price discovery with a tentative re-test of the $60 billion level.