TOTAL2 analysis based on EW & Fibonacci Jan 13 2022 #1
TOTAL2 analysis based on EW & Fibonacci Jan 13 2022
everyone Below is a quick update for the TOTAL2 (altcoins total marketcap) analysis based on EW & fibs
The TOTAL2 is showing a 5w impulse from **589B** to 1.7T
There is a divergence between wave 3 and wave 5 on the RSI and MACD on the 3D time frame
0.5 fib sprt will be approximately 1.02t
0.618fib sprt will be at 800B
0.786fibs sprt will be at 738B
There is a clear H&S pattern formation forming also to increase the validity of the current down trend
1:1 extension if it reaks the neckline is pointing down to the low 700B
In order for the trend to reverse, bulls will need to take out 1.4-1.5T resistance. This will allow to readjust the wave analysis to a potential wave new wave 5.
Can check out the link of the ETHUSDT analysis based on EW below
everyone Below is a quick update for the TOTAL2 (altcoins total marketcap) analysis based on EW & fibs
The TOTAL2 is showing a 5w impulse from **589B** to 1.7T
There is a divergence between wave 3 and wave 5 on the RSI and MACD on the 3D time frame
0.5 fib sprt will be approximately 1.02t
0.618fib sprt will be at 800B
0.786fibs sprt will be at 738B
There is a clear H&S pattern formation forming also to increase the validity of the current down trend
1:1 extension if it reaks the neckline is pointing down to the low 700B
In order for the trend to reverse, bulls will need to take out 1.4-1.5T resistance. This will allow to readjust the wave analysis to a potential wave new wave 5.
Can check out the link of the ETHUSDT analysis based on EW below
Related publications
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.