One more sell-off your honor2019 had that prolonged sideways accumulation right on that same support level (circled). Today’s chart is behaving similarly, revisiting that line while momentum is slipping. If market repeats 2019’s pattern, we could see an extended consolidation on top of that support, eventually setting up the next rally once selling dries up and buyers return in full kapaw yabadaba’doooo mode
TOTAL3 trade ideas
Cup and Handle Pattern"Cup and Handle" is a continuation pattern that usually forms in bullish markets.
Most "Cup and Handle" patterns are very reliable and offer great trading opportunities.
"Cup" formation is developed during price rallies from the round bottom.
The "Handle" part forms due to a price correction before a clear breakout to the upside.
Trading "Cup and Handle" pattern is a two fold process. First a "Handle" can be traded as a corrective pattern and secondly as a continuation pattern (of the prior trend) after a breakout from the top of the "Cup".
The handle part (right side) usually corrects about 25% to 38% (in our chart we correct 35%) .
After the correction (handle), the pattern will pick its prior trend and trade in a breakout fashion above the 'top' of the 'Cup'.
Trade : The best trading opportunity is generated when the price clears the top of the "Cup." A "long" trade is entered when the price closes above the high of the cup.
Target : Most "Cup & Handle" patterns result from 62% to 100% the depth of the "Cup" from
the breakout levels.
Total 3Dear friends, this is the biggest news we can have, everyone doesn't believe it anymore (small and medium hands) got liquidated. we are witnessing something phenomenal I am 1000% sure, from this next hour we will see the altcoin EXPLODE upwards, tomorrow will be the most beautiful day where serious investors will enter the scene and the rest will follow. there will simply never be another rise and season like this one, it will be extraordinary! as you can see on this graph, we have finally retested over 3 months, and the downward rejection that there was, confirms to us that the rise is imminent. good luck and trade to you, enjoy this season because I repeat there will only be one like this one!
happy to have shared and evolved with you, now our paths separate.
God bless u
TOTAL3 made Bullish Divergence and Reversal at 740BThe asset has formed a total of three waves on the weekly timeframe and recently made a retest at the 740B level. It is likely to form a double bottom pattern here, with the RSI trendline indicating a clear bullish divergence. This suggests a potential bounce from this point, and based on these indicators, the next move is expected to propel the price to the 1.5 to 3 billion range.
BEAR MARKET OR MARKET SHAKE OUT?We might lose 120B from the massive selling pressure that is currently happening. 2 weeks with a huge solid black chart, and if we zoom in to daily, it's even worse where the market is creating bear market signs. Projected cast scenarios are 728B and 648B calculated from current conditions. That's all for now, I will be back with new updates soon.
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CAREFULL
TOTAL3; What Lies Ahead for Altcoins.It is a well-known pattern that needs no explanation, and what can happen is also clear. Some people are doing crazy analyses only because they think the ALT season MUST happen soon.
So, for total3, A fall to the previous resistance is possible if the market continues its bearish trend. We can see 780-800B, and if it's broken, then 700B.
They don't say it, but a head and shoulders pattern can be formed here, sending total3 lower to ~400B and completing the pattern, and after that, total can reach new highs, +2T.
The bear market might not be over yet. If the 400B scenario plays out, then most altcoins can have new lows.
But this whole thing is not bearish.
Another bullish move can still happen from here and total3 can rise to 1.5T, but I'd consider it as a fake breakout, the chances we see an altseason soon are lower imo until the pattern is completed , either after touching 780B, 700B or lower as I said.
TOTAL 3 IDEAThe number of coins has increased significantly-there are now tens of millions of them, BUT only the first 2000 coins (TWO THOUSAND) coins have a cap of more than $ 1 million, i.e. they represent something. There are 14 thousand coins on CMC, the rest after 14 thousand are complete garbage. The remaining 12,000 coins, if taken after the main 2,000, account for only 12 billion caps out of $1 trillion in TOTAL 3 (a drop in the bucket). Accordingly, everything will flow mainly into the first 2 thousand coins, plus that there will be + or- a couple of hundred new ones. I expect a total salary of +-3 trillion at the peak. This is the flow of liquidity from Ether and BTC, plus unblocks and pumps. There is already a lot of money in the market. Of the 500 main coins, only 43 coins grew to March 22 or broke the high, of which 10 were new, such as PEPE BONK and others, i.e. almost nothing. Small caps will shoot at the very end IMHO