benjihyam

Important levels and dates for $altcoins

Long
CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
Still think we'll see one push higher before the continuation of the bear market, however, alts may have a capitulation move first.

If we look at Total2, we can see that $484B never got retested as support. So it would make sense that price action would need to test that level before a continuation higher. If it does get hit and bounces off that level, you can see the chart would form an inverse head and shoulders pattern.

I could see a large bounce higher happening after to tag one of the higher two resistances (I lean towards the $800B one).

Let's see if this plays out in the coming months. It looks like this would all need to play out before August.

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