Imminent move in Alt-token market ** bullish divergence **The alt-token market has taken a beating since the beginning of the year, specifically since mid-January. From January 16th alone the alt-token market has corrected a little over 30%.
That correction was exactly at the same moment nine oscillators were printing bearish divergence on alt-token dominance chart (above). Recently the same number of oscillators printed bullish divergence, however held off publishing until confirmation.
On the above 1-day alt-token dominance chart:
1) The ‘incredible buy’ signal prints. Roughly translated, there’s a 90% probability dominance sees an increase in the days and weeks ahead.
2) Bullish divergence. 9 oscillators including MACD are printing regular bullish divergence.
3) Both RSI and MFI resistance print breakouts.
Is possible alt-dominance falls lower? For sure.
Is it probable? Very unlikely.
Good luck!
WW