History repeats itself.
If the Total (Cryptocap) goes down from 1.15Trillion into the lower range,
then i see this scenario being possible.
Make sure to watch the total market for "confirmation". Don't just fomo in.
The volume profile reveals where the most buying and selling has occurred, the VAH (value area high), the VAL (value area low) and the white line...
Money flow has been going down.
We may see a bounce soon but I think it will drive down further after.
My opinion is that we will accumulate along side BTC and the TOTAL market until Jan 2024.
With that said. You really never know with the Shib army. Wild things have happened before. If they release new hype you could see volatility with low marketcap ecosystem...
This chart is a creative venture. I did something a little different. I pulled a volume profile for the entire uniswap history of VAL token. I then pulled a FIB range on that revealed VAH and VAL area (value area high, low).
It is creative in the sense that I want to see if the total buying and selling data from the volume profile will be respected in the future...