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:
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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