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marshyyy
Mar 25, 2022 12:39 PM

TOTAL Massive bullish wedge breakout Long

Crypto Total Market Cap, $CRYPTOCAP

Description

TOTAL has broken out of a contracting bullish wedge maintaining bullish market structure on the weekly HTF.

Price action has put in a new HH on the 3d chart with bullish divergences on the RSI having taken support on the MA and breaking out of downtrend on RSI and MACD showing signs of bullish momentum coming back into the market. MACD converging and showing an upcoming crossover.

Price has corrected into a weekly demand zone where its rejected the zone with buyer intension before creating bullish market structure and reversing.

Inline with USDT.D and USDC.D, the charts are looking great for a reversal here for the full market.
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