We are not responsible for your investment decisions. Investors should research carefully before making a decision. Join Bitcoin Magazine Telegram to keep track of news and comment on this article: ĭisclaimer: This article is for informational purposes only, not investment advice. Due to the shape and length of the second wave, it is more likely that ALTCAP will still be in wave four and consolidate longer before breaking out.ģ-day frame ALTCAP diagram | Source: TradingView However, it is still unclear whether long-term wave 4 (red) has ended or is still developing. Weekly ALTCAP Chart | Source: TradingView Looking at the movement since 2015, this looks like the most likely wave number, with ALTCAP in the last partial wave (red) of the last (white) wave of an impulse price increase.Ī new all-time high is therefore expected. Trader Mesawine1 has outlined the altcoin market capitalization chart, suggesting that the fifth and final wave is likely to hit new all-time highs. This is the 0.5 fib retracement support and coincides with the supertrend support line (green line).įalling to this level would also retest the September 7th low, making it a place for ALTCAP to rebound.ĭaily ALTCAP chart | Source: TradingView Count waves The next support zone is at $ 1 trillion. In it, the RSI is hovering below 50 while the MACD is falling and approaching the negative zone. RSI and MACD both support the continuation of the downtrend. ![]() Additionally, the price fell below the $ 1.2 trillion horizontal support area. The short-term daily chart also supports the outlook from the weekly chart.ĪLTCAP broke the rising support line and subsequently confirmed it as resistance. Weekly ALTCAP Chart | Source: TradingView Future movement Therefore, a large drop is likely to occur. All About ALT 25061 Alt Coin ALT 0.0000000163 Last traded BC.Game Claim 5BTC Trade Now Crypo Wallet market cap - volume - Vol/MCap - ALL TIME HIGH 0. Today it reached a high of 0.0162559, and now sits at null. With the MACD it is visible both in the histogram and in the signal line.Īdditionally, it appears that ALTCAP created a double top that is viewed as a bearish reversal pattern. What is Alt Coin Alt Coin (ALT) is currently ranked as the 25061 cryptocurrency by market cap. Both the RSI and the MACD created significant bearish divergences. In addition, the technical indicators are falling. In the same week it formed a long upper wick and has been falling ever since. ![]() ![]() That is slightly below the all-time high of $ 1.49 trillion that was hit on May 12th. On September 7th, it peaked at $ 1.44 trillion. The weekly chart for ALTCAP offers a bearish outlook. It also broke the ascending support line and is currently trying to find support above $ 1 trillion. Total Altcoin Market Cap (ALTCAP) has created a double-top pattern near its all-time high.
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