The Crypto Total Market Cap chart (TOTAL) looks very similar to Bitcoin (BTCUSD), we have some mixed signals but the technicals are in favor of the bulls, let's take a look.
What happens next for TOTAL?
On a bullish breakout, we aim first at EMA300 or 219.807B, followed by the orange line at 262.700B.
EMA10 is now our immediate support.
If this level breaks (prices move and close below it), we can easily see a retrace (red arrow)... But we remain bullish expecting a bounce after the drop if this scenario comes to pass.
What's your take?
Will the crypto market drop before going up?
Share in the comments section below...
Thanks a lot for your continued support.
Namaste.
- Here we have prices for TOTAL above EMA10, which I consider to be a bullish signal.
- We have the "ascending triangle" pattern, which is also bullish.
- And both indicators, RSI and MACD, are looking good.
What happens next for TOTAL?
On a bullish breakout, we aim first at EMA300 or 219.807B, followed by the orange line at 262.700B.
EMA10 is now our immediate support.
If this level breaks (prices move and close below it), we can easily see a retrace (red arrow)... But we remain bullish expecting a bounce after the drop if this scenario comes to pass.
What's your take?
Will the crypto market drop before going up?
Share in the comments section below...
Thanks a lot for your continued support.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.