TOTAL3 index which represents altcoins has seen some 40% drop since December and as we all saw many altcoins got crushed under heavy sell pressures.
Now since bullish confluences can be seen on the chart, it is likely to see TOTAL3 moving towards higher levels in the coming weeks. This means a good upward move in many altcoins.
The trigger for the said scenario is when the index crosses above the descending blue trendline. (TOTAL3 might even rise above the December high.)
Now since bullish confluences can be seen on the chart, it is likely to see TOTAL3 moving towards higher levels in the coming weeks. This means a good upward move in many altcoins.
The trigger for the said scenario is when the index crosses above the descending blue trendline. (TOTAL3 might even rise above the December high.)
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