FREE ALTCOIN INDEX ANALYSIS
Is it a crypto winter or a great buying opportunity
- Yello, ladies and gentlemen !
Since April Alt Index has dropped by 58%, and during the past week by 45%. But should the knife-catching buying opportunity be considered?
The crypto crash has resulted in massive liquidations especially if we look at Luna, losing 99%. For most this is a huge warning sign, but we know that
bulls are coming when there is
mostly fear.
Current Fear & Greed Index stands at
"Extreme Fear", which is exactly when bulls prefer to take action. Looking at Alt Index, we had a clean bounce off the support, while the price is at the bottom of the descending channel.
The money flows
from alts to the Bitcoin, yet again confirming the rising fear. The downtrend can not be stopped immediately and we are yet to see how the price will act in the coming days. MyCryptoParadise team is
ready for any outcome and will react accordingly to the price action.
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