VincePrince

CRYPTOMARKETCAP-What to expect from the next months?!

Long
VincePrince Updated   
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
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Hello traders, investors and community! There is an interesting and exciting pattern which i want discuss with you.
The cryptocurrency market is in a rise right now but what can we expect from the next months/year?!

We are looking on the daily chart of the Crypto total marketcap,
i have taken the wick and last volume line from the chart to have a better view on things happening in the chart and the formation in progress.

As i told already in later analysis there is an correction expected coming up the next weeks.
After retest of the 368 billion level i am expecting a pull-back from that level.
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In my chart you can see an huge inverted head and shoulder formation forming marked with grey arrows and light greene curves.
There is a high potential for the right shoulder to form in the next months with the expected correction, you can see the support level between
200 - 230 billion marked with green trendlines, this is an important level because we had several bounces at this level in the past! Be aware,
when we cant hold this level and confirm it as support there is a scenario in which the cryptomarket can turn to the downside.
So it is an important level to watch at, when we cant hold the 175 to 200 billion range i see not mutch support below!
But however, this is not the scenario i am expecting.

After the correction to 200 - 230 billion i am expecting a consolidation in this area and an new uptrend forming from there you can see it in my chart
marked with the light green curve. When this scenario kicks in and we can move above the blue trend line marking the neckline of the head and shoulder formation
i see 1.2 to 1.3 TRILLION in the future! BUT this must be with good volume and a bullish candle or an bullish candlestick formation with good momentum friends.
There is a target in my chart which is then expected and to look at!
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Thank you everybody for watching traders, i hope you enjoyed, i will update later, follow for more insight information!
May all the happines and luck come to you! Peace.

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Comment:
CRYPTOMARKETCAP touched the blue dotted trendline you can see in my chart.
Comment:
We have to watch out for a consolidation in that level and possible next moves
Comment:
Consolidating between support as mentioned.
Comment:
Trading in support range of the possible right shoulder
Comment:
ANALYSIS UPDATE: The CRYPTO MARKET-CAP has formed the massive right should of the gigantic inverse head-and-shoulder formation.

Since then the CRYPTO MARKET-CAP bounced hugely, increased major bullish volume, and formed the final breakout to reach all of the target zones.

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