Market analysis
This is where the trend starts❗️
- Yello, ladies and gentlemen😎!
💎The critical factor in the recent price action of the Alt Index is the bounce off the average-price downtrend trendline. Besides, after a bounce, we can see a double bottom formation near 3275.
💎The above-mentioned facts strongly favor the beginning of a strong uptrend. But on the other hand, we can see that the consolidation phase between 2870-4000 is taking place.
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Market analysis is one of the layers the MyCryptoParadise team reads before building a setup. The trades, and the reasoning behind them, are shared inside ParadiseFamilyVIP.
