Elja predicts a bullish Cup and Handle pattern, signaling a potential altcoin rally in Q4 this year.
Whale accumulation and rising altcoin dominance suggest a strong upcoming altcoin market breakout.
In a tweet, popular crypto analyst Elja shared a chart of the total altcoin market cap, or TOTAL2. The chart shows TOTAL2 forming a famous bullish pattern known as the Cup and Handle.
This technical pattern, which is presently in the handle creation phase, is expected to complete soon, potentially leading to a strong rally in the altcoin market over the fourth quarter (Q4) of the year. The Cup and Handle pattern is frequently regarded as a powerful bullish indication, implying that the market is about to break out.
The 100x #Altseason will begin in Q4
Life-changing gains will be made 🤑 pic.twitter.com/2VJta8VrRX
— Elja (@Eljaboom) September 11, 2024
Altcoin Dominance and Whale Activity Signal Major Market Shift
Elja is not the only one with a bullish outlook on the cryptocurrency m
