$ETH Breaking into the cryptocurrency market! Is this the start of a big upward wave coming?
Comment:
The total market capitalization of cryptocurrencies has officially exited the descending wedge pattern - a traditional bullish signal.
• The value of $TOTAL has just surpassed the 50-day simple moving average and has retested the support level at $2.6 trillion.
• The Relative Strength Index jumped from 30 to 65 - momentum is increasing.
• The market is now targeting a range between $2.93 and $2.94 trillion, with an extended target at $3.12 trillion (+7.5%).
This breakout may pave the way for a rise in $BTC
and $ETH and major altcoins. The technical indicators are trending - the optimists have returned.
Advice:
Do you expect this breakout to continue?
Which altcoin do you prefer for the next phase of the rise? Share your opinion below. Tags: #Cryptocurrency_Rush #Bitcoin #Ethereum #Altcoins #Market_Update #Technical_Analysis #Bullish_Signal #Relative_Strength_Index #Cryptocurrency_Momentum #WealthBuilder99 #Binance