OpenBlock

Altcoin Index - This is where the trend starts❗️

FTX:ALTPERP   Altcoin Index Perpetual Futures
💎The critical factor in the recent price action of the Alt Index is the bounce off the average-price downtrend trendline. Besides, after a bounce, we can see a double bottom formation near 3275.

💎The above-mentioned facts strongly favor the beginning of a strong uptrend. But on the other hand, we can see that the consolidation phase between 2870 - 4000 is taking place.

💎The 3275 was a decision-making point, which was ........

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