Altcoins - Trend Line or Fib Circle - something's gotta give!
Here is a long term analysis of the altcoins market cap. We are sitting on a pretty strong horizontal resistance, but we are being pushed by this fib circle which was never broken before.
As its a 3D chart this will be resolved rather quickly, but as you see many fakeouts in history where we break a line, just to have a massive move on the opposite side in the next candle.
If we do break the fib line and confirm it as support it could be the beginning of a nice mini bull run for alts!
As its a 3D chart this will be resolved rather quickly, but as you see many fakeouts in history where we break a line, just to have a massive move on the opposite side in the next candle.
If we do break the fib line and confirm it as support it could be the beginning of a nice mini bull run for alts!
