Alt market cap chart, looks VERY dangerous. With a lower high now crawling against it's support, which usually mean it will break. Short term, would we have what i think the key levels, with the lower red zone being a short term resistance. The yellow zone on the right is what i think the key level between another rally bounce from the trend line or a lower high and a break of that trend.
Previous analysis:
Previous analysis:
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On the right, that bear flag zone, is what the bears have to keep momentum on their side. If it breaks above it, it gets a bit more neutral up until that red zone i just mentioned.
So inside the potential bear flag, bears clearly in favor. Above it only slightly in favor up to neutral. Above the red zone, bulls slightly in favor