Don’t Miss the Crypto Market Rebound: Key Breakouts to Watch!

3 min read July 16, 2024
Lenka Fetyko

Don't Miss the Crypto Market Rebound: Key Breakouts to Watch!

The cryptocurrency market is showing signs of a robust rebound, with Bitcoin leading the charge. Over the past 24 hours, BTC has surged by over 5%, and over the past week, it has seen an impressive 12% increase. This uptrend isn’t just a spike — it’s the beginning of a potential rally, and when Bitcoin climbs, altcoins are quick to follow.

Weekly performance 

Source: altFINS

CEO Insights: Predicting the Rebound

Our CEO, Richard, accurately predicted this rebound in his latest trading video, where he provided a deep dive into the fundamental and technical analysis of Bitcoin. This type of insight is what guides our traders to make informed decisions and stay ahead of the curve. Watch the video.

The Altcoin Surge: Breakouts You Can’t Afford to Miss

Several altcoins are showing signs of significant breakouts. Here are a couple of notables:

  • FLUX has seen a 15% increase, breaking out from a Falling Wedge pattern.

  • FIL also broke out from a Falling Wedge pattern, posting a 13% gain.

These movements are more than just numbers; they signal a potential trend reversal, indicating bullish momentum in the crypto space.

The Power of Patterns: Historical Success Rates

Our historical data highlights the effectiveness of these patterns:

  • Channel Down Breakouts: 73% success rate
  • Falling Wedge Breakouts: 64% success rate

These statistics are a testament to the predictive power of our AI Chart Patterns and Technical Analysis tools. Check all stats here.

Spotlight on Fantom (FTM): The Next Big Breakout?

Fantom (FTM) is on the verge of a significant breakout. If FTM’s price can surpass the $0.50 resistance level following a Falling Wedge pattern, we could see a rally up to $0.60, marking a potential 20% gain. Setting a price alert now could be a lucrative move. Set up alerts on altFINS.

How to Stay Ahead: Using altFINS Platform

Our platform is equipped with all the tools you need to capitalize on these opportunities:

  1. Chart Patterns: Search for Channel Down and Falling Wedge patterns.
  2. Technical Analysis: Detailed setups including Take Profit and Stop Loss levels.
  3. Signals Summary: Easily access and act on trading signals.

Never miss another trading signal — create personalized alerts for any chart pattern and get notifications directly on your phone! Learn how to set alerts here.

Conclusion: Seizing the Opportunity

The market is ripe with opportunities, and with the right tools and insights, traders can significantly benefit from these breakouts. Join our VIP members group for exclusive access to profitable trade setups and stay one step ahead in the crypto trading game. Join now.

 

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