The breakout or breakdown of this pattern is happening sooner than later. If the crypto market supports the breakout, we will see us reach to the red moon within a week.
I have marked support and resistance(key) levels by purple horizontal lines, the green line is the diamond breakout target.
Green ellipse is the potential buy zone and a close below the diamond bottom line begs to stop loss.
I'd wait for bitcoin dominance to crash a bit before hoping in alt coin longs for now.
Last but not least, I am not a financial advisor This is not a financial advice.