IMPORTANT COIN UPDATES - Analysis (ADA, ETC, FUEL, AION)
Similar Patterns Everywhere!
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Here's a few short coin updates since I know that many of you hold these. When I look through the charts, many of the coins have similar patterns. They all show downward pointing triangles. It's usually a bullish pattern but it could well form into a long cup and handle. Depending on how bitcoin behaves, altcoins will follow. And we could very well see most altcoins form cup and handle patterns if bitcoin continues it's correction. Similar to what I drawn out in Cardano analysis scenario 2.
Cardano (ADA)
FUEL
AION
Ethereum Classic (ETC)
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
It seems like almost all the markets have a period of consolidation in a wedge shaped pattern. Hopefully this will lead to the next bull run in cryptocurrency after the long correction we recently had. I also believe that it possible that the other coins have this pattern because of Bitcoins market dominance.
Yeah, let's see if these wedges form into cup and handles or break out.
More useful graphs. Holding Aion currently. Just shows you how much Bitcoin dictates the market. Most of the coins had similar patterns.
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