WGMI - Cryptos Look Ready To Turn Higher (Technical Analysis)

2024-07-02 08:56:05 ET

Summary

• Crypto markets are poised for a potential upward turn. The technical charts of Altcoins look especially explosive.
• Sentiment in crypto markets have been battered, and are close to September 2022 lows - just before cryptos made a multi-month run higher.
• When compared to other asset classes and crypto miners, spot cryptos are also at attractive buy points.

Crypto markets look ready for a turn higher, at a time when risk sentiment in the space looks battered. Altcoins in particular, look explosive, and could catch the market by surprise....

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