Today My crypto Alert - 16th August,2024

Hello, everyone.
I am a crypto analyzer. Everyday I try to share some crypto coin. If anyone want to follow my signal, you can. I think you can be benefited from my signal. So now I am sharing the result of my analysis...



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#ALTS MARKET CAP ANALYSIS


The ALTS market cap has recently broken down into a descending triangle, accompanied by significant trading volume. It is currently finding support at the 200-day moving average, which coincides with a test of the triangle's lower boundary.

A successful test of this support would confirm a bearish trend, reinforced by the Ichimoku cloud signaling bearish momentum above the current price action.

However, a breakout above the triangle could lead to further consolidation within the pattern, indicating potential indecision in the market.