TOTAL CRYPTO-MARKET-CAP, Substantial Shift Ahead!

Hello Community,

Welcome to this analysis about the Total-Cryptocurrency-Market-Cap on the 4-hour timeframe perspective. Since accelerated inflation peaking at new all-time-highs causes investors and traders to rethink their positions in the financial markets excess savings are likely to flow into assets that have a high potential to serve as hedges against continued inflation. Such developments are building the fundamentals for an initial relief rally in the crypto market, and additionally, to these current trends, the crypto market also shows an interesting technical condition from which further shifts in the market can spread. As when looking at my chart we can watch there the Total-Cryptocurrency-Market-Cap developing a major inverse Head-And-Shoulder-Formation with almost all parts of the formation already being completed which means the final confirmation will occur once the Total-Cryptocurrency-Market-Cap bounced above the neckline of the formation as marked in my chart, from this setup on the price is likely to continue finally reaching out the target-zone marked in my chart in green. Once the market has reached out the levels the positions need to be adjusted on the renewed fundamental and technical conditions.

Thank you for the support and all the best!

Information provided is only educational and should not be used to take action in the markets.