The Altcoin(OTHERS) chart could not be more bullish.

Take some time to analyse this chart and use the opportunity to understand exactly why.

What we can observe on this chart is almost the exact same scenario playing out that we has last November...

Just before we had a large breakout.

For reference we have:

Blue line: 1D 50ema

Gold line: 1D 200ema

These are important to note, and you can see on the chart that the price action respects these EMA's.

Ok, so what do we have happening here?

1. After a consistent downtrend lasting months, the price breaks through the 50ema and trendline.

2. Price consolidations between the 50ema and the 200ema

3. Price deviates below the 50ema with a market flush

4. Price regains the 50ema and proceeds to breakout

In addition, we can see the MACD looks exactly the same right now as it did just before the last breakout.

The market does not 100% repeat, but it usually rhymes.

You can see this is not a bar for bar exact replica of the last breakout, but it is the exact same pattern.

For me, this is too striking to ignore.

The overall message you take from this kind of analysis is that we are looking very bullish here.

I'm expecting the markets to start to push hard during next week.