• Cryptocurrencies: 2980
  • Markets: 20903
  • Market Cap: $222491019233.37
  • 24h Vol: $56021883555.433

Alt MarketCap Analysis: Could Another Crash be on the Way

Nouvive Intelligence provides their thoughts and analysis that based on the AltCoin MarketCap index, we could see another 7.59% wipe down of Altcoins over the course of the week.

What does the Chart Say? 

Bullish

  • The Marketcap could be caught by the 9D Moving Average, this can be used as a support.
  • Increased volume coupled with a renewed Bitcoin sentiment can see the market cap power through the resistance at $52 Billion – currently trading slightly above $50Bn.
  • RSI Stochastic illustrates that there is still more momentum to trade above it.
  • Market sentiment is up by 4% over the past 12 Hours.

Bearish

  • Lower Highs and Lower Lows illustrate that we could see a crash of 7.59% in the coming days.
  • RSI Stochastic will cross-over in the next 25 hours, it is usually an indication of the MarketCap coming down.
  • Accumulation has decreased over the past 36 Hours.
  • Increased sell-side support illustrates that we can see the case of a fall.
  • A rising wedge, with a breakdown of it, illustrates that we are about to see a sharp reversal from the 7th December.

Nouvive Says: There is MORE THAN LIKELY evidence that we will see a breakdown of continued growth with a 7.6% wipe out of the Altcoin Market, back down to the lows of the 7th December.

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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$8208.09
51.00 RSI
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Hold
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$0.29
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Tether (USDT)
$1
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Bitcoin Cash (BCH)
$222.14
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Litecoin (LTC)
$54.83
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$18.41
53.00 RSI
0.36%
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EOS (EOS)
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Bitcoin SV (BSV)
$89.66
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Stellar (XLM)
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