#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.


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Thank you

Stay safe

#PEACE

Kommentera:

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