ALTcoins May Face Further Rally

ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2, watch out on further rally into wave 3 of a five-wave bullish cycle, especially if breaks channel resistance line near 500B level.

Comment:

ALTcoins remain nicely bullish as expected and some of them have still space for more upside, but can be now final 5th wave before we will see a higher degree correction.