We all know that BTC has been backbone of the crypto markets and so far all alts have followed to some degree the fate of the BTC.
I see a healthy long term correction and large bull flag formed (a descending wedge on a linear chart).
We are also approaching a long term major trendline and some important fib levels. If BTC finds support and breaks upwards out of the flag everybody will be smiling again ;)
Could still take a month or so to confirm.
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I also see an inverted head and shoulders and a smaller descending wedge in play...