Alternative coins are building momentum for a substantial rally. Looking at the pattern, whenever altcoins break and sustain above the 1-day 50-period simple moving average following a pullback, history shows impressive results:
• First instance: 267% upside • Second occurrence: 125% gain • Third time: 58% move
The technical setup looks favorable. With current conditions aligning, we could be on the edge of broader market expansion kicking off. All the pieces seem to be in place for the next leg up across the space.
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NotFinancialAdvice
· 14h ago
Oh no, here comes this technical analysis again... Will history repeat itself? I'm a bit skeptical.
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GasFeeAssassin
· 01-14 03:13
Breaking the 50-day moving average and then surging? I feel like I'm about to get trapped again this time.
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CryptoDouble-O-Seven
· 01-14 03:12
Is this really going to take off this time? It feels like I always say that every time.
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ColdWalletGuardian
· 01-14 03:08
Here we go again with this? If you could make money by re-enacting history, you'd have been financially free long ago.
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DaoResearcher
· 01-14 03:06
According to the data from the white paper, this MA crossover logic has a clear selection bias issue in terms of sample size... But to be fair, the 267% one was indeed intense, and I need to look into the corresponding governance proposal at that time.
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PoolJumper
· 01-14 03:05
Here comes the technical analysis again. The data of 267%, 125%, and 58% look quite impressive, but can they really be reproduced? I believe history will repeat itself. I'm a bit skeptical about copying the exact proportions.
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SolidityJester
· 01-14 03:01
Breaking the 50-day moving average can lead to a 267% increase? Sounds unbelievable, but I believe it anyway. Anyway, my altcoins have already been halved.
Alternative coins are building momentum for a substantial rally. Looking at the pattern, whenever altcoins break and sustain above the 1-day 50-period simple moving average following a pullback, history shows impressive results:
• First instance: 267% upside
• Second occurrence: 125% gain
• Third time: 58% move
The technical setup looks favorable. With current conditions aligning, we could be on the edge of broader market expansion kicking off. All the pieces seem to be in place for the next leg up across the space.