Disclaimer - I am new to trading crypto and am currently trying to develop a TA style

Points considered:
  • General downtrend in prices across alts at 5am UTC
    Trend lines from Dec 20 follow current pattern
    Intraday cup and handle repetition on an uptrend
    Current pattern seems to be following intraday cup and handle formation but exaggerated
    Strong support at $22 buy zone with 3 recent hits after being flipped previously
    Overarching wave pattern marked in yellow