Zaraki11_AY

TOTAL2, make or break! Double harmonics, critical trendline!

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
At a very critical point for alts

Bullish Case:
1) Two harmonics
2) bullish divergence on the hourly TFs forming
3) 100 DMA support
4) oversold on hourly TFs

Bearish case:
1) Broken trendline
---need to wick above it 2 be bullish
--- closing body of the candle below the trendline would start nearly a year long downtrend for alts (in my opinion)
2) overall, markets (not just crypto) have taken a turn to the downside

I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.