ALTCOINS PERPETUAL 1 DAY CHART UPDATE
Hello folks,
Here's a quick update on Altcoins Perpetual. From 27th Jan 2021 onwards, ALTPERP formed a rising wedge pattern and we saw a good rise in the altcoins. But since the 19th of May 2021, we saw a breakdown of the rising wedge, and the whole altcoins fall badly.
Now, the current scenario of the ALTPERP is still in a bad shape because it has formed a falling wedge. Right now it is at the support 1 level, we may possibly see a bounce from here, and if not then the price may reach the 2nd support level.
This won't be good for the altcoins but it does not mean that it will keep on falling. Remember, the market never goes straight, it is always in a zig-zag pattern.
I hope you like my ideas. Do like and comment.
Until then stay safe and take care.
Here's a quick update on Altcoins Perpetual. From 27th Jan 2021 onwards, ALTPERP formed a rising wedge pattern and we saw a good rise in the altcoins. But since the 19th of May 2021, we saw a breakdown of the rising wedge, and the whole altcoins fall badly.
Now, the current scenario of the ALTPERP is still in a bad shape because it has formed a falling wedge. Right now it is at the support 1 level, we may possibly see a bounce from here, and if not then the price may reach the 2nd support level.
This won't be good for the altcoins but it does not mean that it will keep on falling. Remember, the market never goes straight, it is always in a zig-zag pattern.
I hope you like my ideas. Do like and comment.
Until then stay safe and take care.