ANALYSIS 🔎 - ALGOUSDT brokeout above descending trendline resistance. - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential.
altcoins make the same candle as bitcoin I think all analysis is bullshit when btc rise all rise when btc fall all fall so what is the meaning of analysis!thanx for your analysis just my opinion 💓
Altcoins generally do better when Bitcoin is flat aka moving sideways for a while. Yes, most of the altcoin market does correlate with Bitcoin, but it isn't always the case.
I've seen a lot of buying volume on the lows, and bears seem to be struggling to pull the price any further down. I think that we will break the ascending triangle in a bullish movement up and test the next level of support, but we will have to see how it plays out. Thank you for the technical analysis!!