Crypto MarketCap Hidden Head and Shoulders Pattern
We can see, after the accumulation in the symmetrical triangle, on June 12, the close candle was right below the triangle which indicated the market was breaking down. This is reinforced by another pattern, on June 13 there was a hidden HnS, meaning that the crypto market capitalization in the next few days will dump massively. We are just waiting for the 3rd proof, if the MA20 crosses then be prepared for a significant decline in crypto prices
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.