I think this is the strongest chart I've ever seen... I should say, the healthiest bullish chart.
We have a strong bull trend with healthy corrections and continued higher prices.
It looks similar to many other Altcoins though but more advanced. If this signals what is to come for the rest of the market then things will be really good.
FTMUSDT next target is set at $3.13 followed by $5.05.
Retraces can happen at any after we enter all-time high territory.
If prices break and close below EMA10, then we enter a correction.
After $5.05 for FTMUSDT, we have $6.98 and $8.17. This chart is strongly bullish.
The light green lines are for the targets and the light blue squares are for support.
Even if a correction takes place at any moment the bulls remain strong above EMA50 ($0.68).
This was Teekas monthly pick with a buy up to $5. Fyi. Thanks Alan. Namaste
cronicasfemininas
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Hope so! I agree.
funtext
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Hi Alan. Thanks for your work once again. Its really helpful. I have a question: It seems like there is still some hesitation in many of the alts - that the heat is on, they are warming up, but the bullrun has not really started with the alts yet. Its still like accumulation-time for many of them. Do you agree? For example, you made a chart for bitcoin gold the other day...its still sleeping even though bitcoin made new ath. I believe we will see crazy runs for many of the old alts. But what does it take - whats the GO-signal / or what are the conditions that need to be in place? Do you want to share your thought about it - if my question makes sense ?
Some have been growing for weeks, others for months, and others for years... FTMUSDT is a good example.
It depends on which pair you are looking at.
We are looking at growth for all the pairs basically since we are within a higher low.
This is a long-term bullish cycle. You can get a few months of bullish action, few months of correction, few months accumulation and repeat for several years.
There is no specific factor to point to as there are hundreds of different variables affecting the markets at all time.
When the time is ripe, when the cycle is complete, they move.
You can say the pairs move when the market makers give the order, when the bots are switched to buy.
funtext
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@funtext, in 2017 alts really boomed as a whole as I experienced it - it was even difficult not to make money. Do you think we will see the same kind of "everything booming " - i mean to me thats what people are implying, when they use the words "alt-season"