Several breakouts have occurred on the altcoin charts this morning that took large market cap coins above key resistance levels, including the Ethereum price chart. This is a positive sign for the rest of the market, and likely an indicator of the things to come for the Ripple XRP chart.
In this video I show the stopping points the crypto market faced during the last corrective phase, and how several major top 10 crypto projects are well above those resistance levels during this move right now. The total altcoin market cap has some headwind in front of it. And so does the total market cap for all altcoins and including Bitcoin. If we see the total market cap clear $272 Billion, my opinion is that something is brewing in a big way.
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link:
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
