Crypto Analyst Reveals Best Altcoins To Watch In May

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The last week of April offered a shock of optimism to a cryptocurrency market that spent most of the year to fight with the Macro crusades. Bitcoin’s resilience above the psychological level of $ 90,000-$ 95,000, an unexpected surge in the issue of Stablecoin and a swarm of raised texts of textbooks on large bearings and meme names have converging to create what the veteran Chartist Josh Olszewicz calls “one of the cleanest bars of Breakout multilayer that we have seen since the end of 2023.

Has Crypto Bull go back?

Olszewicz’s topic begins and ends with liquidity. Two consecutive cabone ticks from one billion dollars on April 29 pushed a USDT + USDC combined supply to a new maximum of all time, an event that is framed as an unequivocal tail wind for speculative activities. “Tether printed, printed and conducted, child,” he said, underlining that the double tranches of 1 billion dollars arrived next to a clear prize in the USDT/USD on Kraken – evidence, in his opinion, of true question rather than a hissing of the opportunistic treasure. “Generally this means that people are distributing it in alts. That’s why the basic states-in-in-in-[are] Generally bullish for alts because people use it to speculate. “

The liquidity impulse comes just as several macro obstacles seem to escape. Bitcoin has survived a version of the negative US GDP, to the afflicted PCE inflation data and what Olszewicz called “some working numbers that came out this week”, without surrendering to its three -month tendency. In the meantime, Gold is rolled and the dollar index remains pinned near the minimum cycle paths, recreating the “all-round” background that fueled the merger of Crypto at the end of 2023. The financing markets, however, are offering a curious division: “We still have negative funding on the BTC side on cryptocurrency exchanges. future.

In the background, Olszewicz emits the Ichimoku-cloud mechanics who are the basis of his Altcoin guard list. The premise is as old as the indicator itself: a daily candle closed inside the cloud accompanied by a cross of tenkan-kijun (TK) bullish of the opponent’s opponent of the cloud. “All these exchanges are always the same. He never draws them differently,” he said. “You have a better entrance … it’s just a probability game.” The strategy puts clear disabled-o the Kijun line or a low-e-and provides what characterizes as the average reversion of the Dow theory framed through an Ichimoku lens.

That formula now flashes through a surprising width of resources.

Solana and curve

Solana is located at the top of her list. The token level one has published six consecutive candles of the Red Daily, sculpting the “right shoulder” of a inverted head and shoulders whose neckline rises to $ 200. “What I have to focus on laser is this potential moved from board on board,” he explained, observing that the ideal voices would materialize between $ 140 and $ 120 but are not essential. “By next week or two, you should get an excellent signal on an item here only by the cloud.”

Reading Reading

The curve, on the contrary, is already on the move, up to a double figure in a day when most of the Altcoins has bleed. “Because it increased by 10 percent today and everything else is inactive? I don’t have a good answer for this,” he admitted. Yet the technical structure leaves little to interpret: a flat background to several months, a closed candle inside the cloud near the lower border and a bullish TK cross. “You are on your journey to a place here: the other edge of the cloud,” he said, implying a goal measured near $ 1.20 which would represent an almost double from current levels.

Ethereum and Litecoin

Where solana and curves show imminent triggers, Ethereum remains the latecomer par excellence, still challenging what Olszewicz labels a basic process. “You will want to kick us and scream to start here […] But this is a fund in the process. Certainly it could take you to June. “The calculation is familiar: the operators intent on rotation can find more adjusted yields for the risk elsewhere, returning to the hat only once their daily cloud admits a closed candle.

Litecoin shows a similar dynamic, with an inverted head of head and shoulders that “feels a little early”, perhaps maturing in early June.

Fet, Link, Algo

Fetch.ai violated the cloud on April 23 and already sports a roller TK cross, yet Olszewicz recognizes that it arrives “after two or three weeks of up-Move”, reducing the risk of risk.

Reading Reading

Chainlink shows a right shoulder of text still under construction-“alerts at fifteen years”, suggests-the h centrano borders towards a target of clouds of 32 cents, a daily closure away from confirmation.

In every instance, the analyst reiterates it until the unre-printed formal, the probability of follow-through remains statistically lower.

Doge, Pepe and Wif

The most fuel corner of the market – the cohort of the memes – is, in its story, already prefiguring a retail return. Dogecoin intrigues him more. “Together with Ena, one of the best barrels for your dollars is doge,” he said, even if he admits that the model needs another week to sculpt a complete right shoulder. It is explicit on his trigger: “From another week or two and this is certainly one of the most beautiful configurations”, carefully set on the area of ​​$ 0.175.

Pepe has fewer parts in motion: it is located inside the cloud with a bullish TK Cross and a clear neckline at the Kijun. “If Eth also sneezes higher, I expect this to be only twenty -five percent one day,” he said, while warning that a “negative” negative day could precede pop.

Wif, for his part, is “slamming against the cloud”, on the cusp of his TK cross. Having traced from $ 4.80 to current levels, it offers what he calls “a configuration of great appearance”, although “the greed in me always wants a voice here”, a reference to a hypothetical offer parked at the lower edge of the cloud.

Dominance BTC

Bitcoin dominance, still by pressing the greatest cyclists, complicates the rotation fiction. “Do you really care that you are not all-in BTC if this is an extreme dominant?” asked rhetorically. His response is temporal. The domain counted enormously in the lower part of October 2023 and suspects that it will have again importance once it rolled.

“Come in May, June, I think we will start seeing the Altcoin’s superperformance”, it foresees, but fears it with a frank reminder: “It doesn’t make sense to sit in these couples of BTC.” The exception is Solana’s BTC graphic designer, which reflects the USD thesis with a head and shoulders inverted halfway formed and a significantly higher cloud target.

At the time of the press, Sol exchanged $ 151.90.

Solana price
Sol Faces Key Resistance Zone, 1 week graphics | Source: solusdt on tradingview.com

First floor image created with Dall.e, graphic designer by tradingview.com

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