Altcoin market structure check:
Megaphone bottom pattern holding clean — that's your expanding wedge with higher highs and lower lows that finally breaks bullish. Classic reversal structure when it confirms.
RSI retest complete. That's the healthy part — momentum pulls back to test support after initial breakup, confirms the level holds, then continuation becomes probable.
What matters now: Does price respect the pattern's lower boundary? That's your invalidation line. Break below and the megaphone thesis dies.
Confirmation comes from a clean breakout above the upper trendline with volume. Until then, you're inside the pattern waiting for resolution.
Teaching point: Megaphone patterns (broadening formations) are tricky. They show increasing volatility and indecision. The bottom variant suggests accumulation, but only the breakout confirms direction. Don't front-run it.
Watch that lower boundary. Lose it, thesis fails. Hold it and break topside with conviction — that's your signal for continuation higher across alts.
Megaphone bottom pattern holding clean — that's your expanding wedge with higher highs and lower lows that finally breaks bullish. Classic reversal structure when it confirms.
RSI retest complete. That's the healthy part — momentum pulls back to test support after initial breakup, confirms the level holds, then continuation becomes probable.
What matters now: Does price respect the pattern's lower boundary? That's your invalidation line. Break below and the megaphone thesis dies.
Confirmation comes from a clean breakout above the upper trendline with volume. Until then, you're inside the pattern waiting for resolution.
Teaching point: Megaphone patterns (broadening formations) are tricky. They show increasing volatility and indecision. The bottom variant suggests accumulation, but only the breakout confirms direction. Don't front-run it.
Watch that lower boundary. Lose it, thesis fails. Hold it and break topside with conviction — that's your signal for continuation higher across alts.