Bitcoin (BTC) and altcoins have rebounded strong last week.
Near-term, momentum has inflected bullish as signaled by the MACD indicator, and it’s still early!
Here are some of the biggest winners among the top 50 altcoins:
Notice the MACD, Age and MACD Histogram columns.
These show that there was a bullish MACD crossover 3 days ago for PEPE, and that the momentum is still rising (MACD Histogram indicator).
Here’s a market scan that finds all asset with a recent bullish MACD crossover.
So our thoughts are that there’s still some gas left in the tank in the near-term momentum upswing. Good for another 10-30% upswing.
How far exactly?
Well, that’s where our recently released automated detection of Support and Resistance levels come in. (see tutorial video here).
Prices are likely to continue moving up to the nearest Resistance level.
You can find these in all of the charts in the Screener.
Take PEPE as an example. There was a bullish MACD crossover 3 days ago. Price is up 32% since then and could continue to rally another 25-30% to the next resistance.
altFINS’ Screener helps traders find these swing trade opportunities with just a few clicks.
You can also find trade setups in our Technical Analysis and AI Chart Patterns section.
Go on and explore.