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TOTAL2 trade ideas
TOTAL2 Massive contracting wedge breakoutTOTAL2 has broken out of a contracting bullish wedge maintaining bullish market structure on the weekly HTF.
Price action has put in a new HH on the 3d chart with bullish divergences on the RSI and MACD showing signs of bullish momentum coming back into the market. MACD converging and showing an upcoming crossover.
Price has corrected into a weekly demand zone where its rejected the zone with buyer intension before creating bullish market structure and reversing.
Inline with USDT.D and USDC.D, the charts are looking great for a reversal here for the full market.
ALTS MARKET CAP ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome.
As per my previous ALTS, the MARKET CAP chart is going good but now it having this 1.4T
as resistance, we have to break this level with confirmation.
For continuing this bull market
Let’s see how the daily candle closes.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Battle Planing: Basic charting on Total 2 Total2 has been chopping sideways for two months and has gotten a tad boring. Individual coins have done some pump and dumps but the net market cap is sideways. In short order, and by that I mean in the next 2-4 weeks Total two will be at a decision point where it will begin to resolve itself bullishly or bearishly and I hope to be prepared either way.
My main inclination is the black upward sloping trend line will continue to hold except for wicks here and there. If that is to be the case then the price action will have to beat the downward sloping resistance line it is now under. So we are at a IF THEN type situation were we can do some scenarios for both upside and downside. The chart says a lot so I won't repeat myself too much.
Bullish Resolution We see price action act out an ascending triangle. There are potential for throwbacks, under performance, and all that, but the eventual targets are the 1.618 and 2 levels on the drawn fib. And it doens't help that according to Bulkowski, triangles are some of the easiest formations to spot but actually the worst to reach target.
Bearish resolution Price falls to around the 0 fib line. If that were to happen I would see Total2 devolve into a double top type formation. In traditional markets double tops have tops around 5% off in value but for crypto I feel justified in letting that go a little higher. Source? I made it up.
If price resolves bearishly it will be long term very bad news.
TOTAL2 Cap About to POP??Since July 2019, each time the 14 close RSI crossed above the 14 day SMA on the Weekly timeframe, we have seen the TOTAL2 market cap increase by an average of 350B.
The current crossover on the above indicator is positioned well compared to past instances that this has occurred.
Thoughts?
btcusdtperpHello dear merchants
Today I will have a long-term analysis of it to better understand the current situation and where we are in the market
Everything is clear on the chart
And all 70% of the probabilities are related and all 30% of the probabilities are related.
Be successful and profitable