The Altcoin Market Cap Aims to Breakout From Long-Term Resistance

Updated by Ryan Smith
In Brief
  • The Altcoin market cap is trading right at a descending resistance line.
  • The weekly RSI recorded its lowest ever value on July 2019.
  • BTCD is trading inside a long-term descending wedge.
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The Altcoin market cap (ALTCAP) is trading at a long-term descending resistance line, a breakout above which could trigger an impulsive bullish move. Altcoin Market Cap Cryptocurrency trader @Crypto_Ed_NL believes that the altcoin market cap (ALTCAP) will soon spike. He provided a chart to support this theory: Source:
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