TOTAL is on the edge of a cliff, a drop is imminent (3D)

May 15

This analysis is an updated version of the analysis you can see in the related publications section.

Previously, we analyzed TOTAL on the weekly timeframe. Now, we move to the 3D timeframe.

This index is approaching a potential short-term trend reversal. If the yellow line at 2.57T gets engulfed, the main bearish CH structure will emerge, confirming a potential drop and downside continuation. Otherwise, the market may still have room for further upward movement.

In this analysis, instead of marking the supply as a single line, we identified it as a zone using the red lines.

We may witness a healthy correction in altcoins before the beginning of the main Altseason.

So, make sure to keep this analysis on your watchlist.

If you have a symbole or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.

What do you think? Is TOTAL bullish?

Jun 10

Trade closed: target reached

Price dropped more than 25% from the highlighted zone and has now reached our support area but given our view that Bitcoin is likely to make a short-term recovery before continuing its move toward the $51K–$48K region, we still require additional confirmation before turning bullish on this index. therefore, we will not be looking for long positions within the green zone at this stage.