This is a Monthly Total Market Cap view for all altcoins (excludes Bitcoin)
2 Lower Highs are Shown with the red lines and corresponding red arrows
What altcoins need to do:
(1) Break and close above 1st lower high for a month at 116B
Next
(2) Break and close above 2nd lower high for a month at 142B
We of course do not need to accomplish both in separate months, as accomplishing a close above both levels in 1 month would super ultra hyper stupendously bullish!
Current 4/4/20 Altcoin Total Market Cap = 63.25B
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2Q20 is setting up to be interesting: Can we clear our first red line of resistance at 116B?
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Monthly close will be interesting Things look juicy
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April Closed & May is setting-up beautifully!
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June's candle is pressing up against our downward trendline and setting up for a possible massive bullish break!
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It felt good to turn our 1st red line of resistance to green symbolizing support! We broke target 1 (check!)
Target 2 of resistance on deck (red line & arrow). Once we break this we'll discuss what's next!