The Altcoin Market Cap Aims to Breakout From Long-Term Resistance

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In Brief
  • The Altcoin market cap is trading right at a descending resistance line.

  • The weekly RSI recorded its lowest ever value on July 2019.

  • BTCD is trading inside a long-term descending wedge.

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The Altcoin market cap (ALTCAP) is trading at a long-term descending resistance line, a breakout above which could trigger an impulsive bullish move. Altcoin Market Cap Cryptocurrency trader @Crypto_Ed_NL believes that the altcoin market cap (ALTCAP) will soon spike. He provided a chart to support this theory: Source:
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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