Has the Alt Season Started?

Cash Data 1W

By analyzing the weekly Cash Data chart of TOTAL3, we observe that after a rapid and significant rise, a correction in TOTAL3 has begun, which appears to be forming a Neutral Triangle pattern.

Wave Analysis:

Wave-(c) is a double pattern with a small X-wave, making it the most complex wave. However, there is a possibility that wave-(d) could become more complex than wave-(c). We are currently in wave-(d). Given that wave-(b) has surpassed the start of wave-(a) and wave-(c) has been fully retraced by wave-(d), there is a likelihood that a Running Neutral Triangle is forming. For confirmation, wave-(d) must exceed the starting point of wave-(c).

Conclusion:

Based on the analysis, wave-(d) could rise to the range of 1.14–1.38 trillion USD. Subsequently, wave-(e) will begin and may conclude within the retracement zones identified on the chart. To accurately determine the target for wave-(e), we need wave-(d) to complete, allowing us to predict the end of the Running Neutral Triangle with greater precision.

After the completion of the Running Neutral Triangle, we expect a significant rally in altcoins.

Good luck
NEoWave Chart