TOTAL2 analysis based on EW & Fibonacci Jan 13 2022
@EVERYONE Below is a quick update for the TOTAL2 (altcoins total marketcap) analysis based on EW & fibs The TOTAL2 is showing a 5w impulse from **589B** to 1.7T There is a divergence between wave 3 and wave 5 on the RSI and MACD on the 3D time frame 0.5 fib sprt will be approximately 1.02t 0.618fib sprt will be at 800B 0.786fibs sprt will be at 738B
There is a clear H&S pattern formation forming also to increase the validity of the current down trend 1:1 extension if it reaks the neckline is pointing down to the low 700B
In order for the trend to reverse, bulls will need to take out 1.4-1.5T resistance. This will allow to readjust the wave analysis to a potential wave new wave 5. Can check out the link of the ETHUSDT analysis based on EW below