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Mihai_Iacob
Apr 1, 2023 5:59 AM

Total is pressing up, 1.5T could be next Long

Crypto Total Market Cap, $CRYPTOCAP

Description

After a 2-month consolidation of around 750 in November and December last year, Total started to rise at the beginning of the year and in mid-February passed above the 1T important zone.
A correction followed, but the bulls took control again once it dropped again under 1T, putting in a higher low on our chart.
For 3 weeks now the price is consolidating just under important horizontal resistance and is looking like bulls are waiting for a trigger to break.
In the case of a break, this would be of great importance, confirming a very large inverted H&S pattern, started in June 2022.
The measured target for the pattern is around 1.5T, a zone that is very nicely aligned with another important horizontal level.
As long as the price is above the 1.05-1.1 zone I'm bullish
Comments
SpartaBTC
I think the capitalization of the crypto market will only grow now.
vf_investment
Great job as always!
DeGRAM
Thank you, I really like this one
Gold-Tech
Thank you, it looks good. I think you are right
MonoCoinSignal
Your insights have been so informative - thanks!
UnitedSignals
Noted, thank you!
RLinda
Everything seems to be good. Thanks for the idea! I wish everyone who takes the risk a profitable trade)
Tolberti
Very good analysis, I like your outlook!
WalterMoon
Great analysis as usual, I think it's correct idea :)
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