#ALTCOINs in Danger?

Welcome to this quick update.
In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected.
Just shifting a few trendlines and I got the chart above.
Looks like it's still under the channel and a bounce is likely from here.
It will take some time with sideways action or even little pullbacks during the weekend.
Close below this channel could create a panic in the altcoin market with blood everywhere.
Let's hope we see a bounce from here.

Let me know your thoughts on this.


Thanks for reading, Do hit the like button if you like it and share your views in the comment section.

Thank you

Stay safe

#PEACE

Comment:

The chart looks really bearish now.
One retest and a breakdown is imminent below $700 billion mark.