TOTAL Crypto cap - Mega support, 200MA + 0.382 FIB + MACD/RSI

- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
- Last weekly candle has a huge wick, which is definitely a good sign for all bulls!
- 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity.
- 0.382 FIB retracement is also a noticable support level on the LOG scale.
- As per my Elliott Wave analysis - ABC correction should be completed on the macro scale and now we are ready for another bull market!
- We have a falling wedge - bullish reversal pattern or a bullish flag on the weekly chart.
- Indicators: RSI oversold and MACD first bullish tick.
- There is a tremendous confluence to buy cryptocurrencies at this moment!
- Look at my ideas about Bitcoin and Ethereum in the related section down below ↓
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