Hi traders and investors!
The altcoin market capitalization (Total3) is interacting with the 1.07T level for the fourth time — and once again, on increased volume. Yesterday’s price action formed a bearish candle after touching this level — a clear seller’s candle.
We’re now watching the 997.47B level closely. A reaction from this level could trigger a reversal in altcoins, with buyers potentially regaining initiative.
Since the last outlook, a new level has appeared at 974.74B — this could also serve as a strong support area and trigger a buyer response, aiming for a retest of the local high at 1.09T.
👉 If no bullish reaction follows at 997.47B, attention shifts to 974.74B.
👉 If that level also fails to hold, we return to the previously mentioned support zone between 921B and 963B — the optimal correction range for a potential new ATH scenario.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
The altcoin market capitalization (Total3) is interacting with the 1.07T level for the fourth time — and once again, on increased volume. Yesterday’s price action formed a bearish candle after touching this level — a clear seller’s candle.
We’re now watching the 997.47B level closely. A reaction from this level could trigger a reversal in altcoins, with buyers potentially regaining initiative.
Since the last outlook, a new level has appeared at 974.74B — this could also serve as a strong support area and trigger a buyer response, aiming for a retest of the local high at 1.09T.
👉 If no bullish reaction follows at 997.47B, attention shifts to 974.74B.
👉 If that level also fails to hold, we return to the previously mentioned support zone between 921B and 963B — the optimal correction range for a potential new ATH scenario.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.