DrDovetail

Total Market Cap breaks upward from ascending triangle pattern!

Long
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Exciting to see the price action on the weekly chart break upward from the ascending triangle it had been consolidating in. We can see it has now been 9 Weeks since we first broke up from the green falling wedge pattern and since that time price action has been mostly bullish inching closer week after week to the green falling wedge's breakout target. We still have a long long way to go to reach that target but we are still right on track. Wedge only reach their full breakout target around 60% of the time so whether or not we will hit the full target I'm not sure but I do anticipate we will reach at least 75% of the distance there. So I anticipate in the next 2-3 months we will triple to quadruple the total market cap judging by the way this chart has unfolded thus far. Of course slight retracements an corrections along the way are to be expected.
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