From Bears to Breakouts: 5 Altcoins Ready to Surge

Welcome to our latest crypto market outlook for January 15th!

The crypto market is still in a correction phase, presenting a massive opportunity to buy at a discount. Here are my favorite altcoins for this week: METIS, API3, QTUM, T, and TRU.

‍Today, we will cover the following topics:

- USDT.D and BTC Analysis
- 5 Altcoins Analysis
- Quotes / Advices
- Closing Remarks

USDT.D and BTC analysis

USDT.D daily chart rejecting the upper bound of its range at 4.4%. — *USDT.D Chart - Daily Timeframe*

As expected in our last USDT.D update, it faced rejection at the intersection of the upper red and orange trendlines.

As long as this intersection remains intact, the overall momentum is likely to stay bearish.

USDT.D 4h chart overall bearish especially after breaking below the last low at 4.22%. — *USDT.D Chart - 4H Timeframe*

The bears have already taken control this week, with USDT.D breaking below its previous low.

As long as the 4.22% structure remains intact, I anticipate a bearish continuation toward the 4% support level, which would be positive for crypto.

BTC daily chart hovering within a range around the 100k mark. — *BTC Chart - Daily Timeframe*

BTC remains relatively stable, hovering within a broad range around the $100,000 mark, forming a head-and-shoulders pattern as outlined in previous market outlooks.

The bears are likely to take control in the medium term only if the neckline at $91,000 is decisively broken to the downside.

BTC 4h chart overall bullish short-term especially after breaking above the $95,400 mark. — *BTC Chart - 4H Timeframe*

The bulls have taken control in the short term after breaking above the $95,400 local high. As long as this level holds, a continuation toward the $100,000 round number is anticipated.

5 Altcoins Analysis

‍After breaking below the $41 support zone, METIS has remained overall bearish, trading within the falling channel highlighted in red.

As it approaches the $30 support level and round number, we will be looking for short-term long opportunities.

In parallel, for the bulls to regain long-term control, a breakout above the upper red trendline and the $44 mark is required.

METIS daily chart overall bearish trading within a falling channel and currently approaching the lower bound of its range at $30. — *METIS Chart - Daily Timeframe*

On 4H for the bulls to take control in the short term, a breakout above the last minor high at $36.8 is required.

Until then, METIS remains overall bearish, with a move toward the $30 mark anticipated.

METIS 4h chart showing the last high at $36.8 that we need a break above for the bulls to take over short-term. — *METIS Chart - 4H Timeframe*

API3 is retesting the lower boundary of its range, offering crypto investors another opportunity to accumulate at a discounted level.

As long as the $1.2 support level holds, we will focus on bullish reversal setups on lower timeframes, with a target of the $2 round number.

API3 daily chart retesting a strong support at $1.2. — *API3 Chart - Daily Timeframe*

Next is QTUM. As mentioned in our last market outlook, it reached our target of $5.5 after a surge of over 100%.

Currently, QTUM is back around the $2.8 support level. We will be looking for new short-term long opportunities as long as this support holds.

QTUM daily chart retesting a strong support at $2.8. — *QTUM Chart - Daily Timeframe*

Analyzing T, it has been overall bullish, trading within a flat rising channel marked in blue.

Currently, it is retesting a strong support structure highlighted in green. We anticipate the bulls will soon regain momentum, initiating the next bullish wave and targeting the upper boundary of the channel around $0.055.

T weekly chart retesting the lower bound of its rising range. — *T Chart - Weekly Timeframe*

On the daily timeframe, for the bulls to confirm long-term control, a breakout above the last major high at $0.032, highlighted in red, is required.

T daily chart showing the last major high at $0.032 that we need a break above for the bulls to take over. — *T Chart - Daily Timeframe*

Last but not least, TRU is retesting the lower boundary of its range at $0.06.

As long as the $0.06 level holds, a new bullish wave is expected to begin soon!

TRU daily chart retesting a strong support at $0.06. — *TRU Chart - Daily Timeframe*

To trigger a shift in momentum from bearish to bullish, a breakout above the inverse head-and-shoulders neckline at $0.084 is required.

TRU 4h chart showing the head and shoulders neckline at $0.084 that we need a break above for the bulls to take over. — *TRU Chart - 4H Timeframe*

Quotes / Advices

‍I believe in analysis and not forecasting.
~ Nicolas Darvas

Closing Remarks

‍In summary, USDT.D showed a bearish momentum, with expectations of further decline towards the 4% support level. BTC remains stable within a broad range, with the potential for bulls to regain control in the short term while bearish risks persist below $91,000.

METIS continues to trade bearishly, with opportunities for short-term longs near the $30 level, while a breakout above $44 is needed for long-term bullish control.

API3 offers accumulation opportunities near $1.2, targeting a bullish reversal towards $2.

QTUM has returned to the $2.8 support after a significant rally, presenting potential short-term long setups.

T remains bullish within a rising channel, with expectations for upward momentum targeting $0.055 if support holds.

TRU is retesting its $0.06 range support, with bullish waves anticipated and a breakout above $0.084 needed to confirm a momentum shift.