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DrDovetail

15 consecutive daily candles above totals descending channel

Crypto Total Market Cap, $ (CRYPTOCAP:TOTAL)  
DrDovetail Updated   
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Trend Analysis Chart Patterns total cryptomarketcap 1daychart 1day Descending Channel 50ma bullishbreakout
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trendanalysis chartpattern total cryptomarketcap 1daychart 1day descendingchannel 50ma bullishbreakout
We can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
Comment:
Upon closer inspection the red candle before the big green candle closed above the top trendline meaning we actually have 17 consecutive daily candles above the top trendline.
Comment:
Target hit!
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