Is SCBTC forming a cup and handle of sorts? We'll have to wait and see if this plays out. We need a clear break of 750. If it does, 1050 would be a conservative target for a nice profit.
Comment:
The BTC rally today has impacted altcoin prices. In situations like this, the market becomes very emotional and unpredictable. Naturally, most alts took a plunge. We need to wait for the market to settle before continuing our analysis.