More altcoins Breaking Out
Crypto markets continue to grind higher following last week’s cut in interest rates by the Fed. That was the first rate cut in 4 years and more cuts could come in November and 2025.
Crypto markets appear poised for a rally during the rest of 2024 and early 2025.
Our trade setups have captured big winners like STX +27% profit, IMX +23%, AAVE + 21%, TURO +22%, PHP 12%, and ONDO +14%. (see charts below).
And that’s on top of last weeek’s winners (see blog).
Lower interest rates and weaker US dollar typically favor valuations of risk assets such as crypto and stocks.
However, unlike the stock market indexes, which are at historical highs, crypto has lots of runway ahead.
BTC is 15% below its ATH, but average altcoin is down 50-70% since April, so we’ve got lots of upside potential!
Here are some examples of recent winners.
Find more trade setups in our Technical Analysis and AI Chart Patterns sections.
STX: Channel Down Breakout (+27% profit)
IMX: Triangle Breakout (+23%)
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