Re: [Charts] Altcoin Dominance Looking Bullish with Cyrpto Market About To Bullcross
Quick update to the following chart (that's currently within the trigger zone for a long position based on original publication):
Due to CMC recalculations the "goalpost" has been moved to $252B, see the green line blow:
Regardless of this, crypto market cap is now above key resistance level from it's long-term descending triangle breakdown support (that turned resistance):
Hence waiting for a Weekly close above this resistance level (and previous recent high of $252B) before entering into any further positions.
On a Daily scale, the market looks like it's trying to turn this resistance into support which is a bullish sign.
Due to CMC recalculations the "goalpost" has been moved to $252B, see the green line blow:
Regardless of this, crypto market cap is now above key resistance level from it's long-term descending triangle breakdown support (that turned resistance):
Hence waiting for a Weekly close above this resistance level (and previous recent high of $252B) before entering into any further positions.
On a Daily scale, the market looks like it's trying to turn this resistance into support which is a bullish sign.