Get started
misterkaye

Alt cap in rising wedge, bearish trend to continue?

Crypto Total Market Cap Excluding BTC, $ (CRYPTOCAP:TOTAL2)  
misterkaye Updated   
CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
Trend Analysis Wedge
1
0
trendanalysis wedgepattern
The Alt cap is currently coming to the end of a rising wedge formation which could breakout to the downside with major support being around $105 billion.
Comment:
On reflection, this is actually a bullish pennant with Alt season just around the corner. BTC dominance will continue to drop and alt cap increase.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.