Simple cup and handle observation, this is a bullish reversal chart pattern. 1H chart. Handle has already formed and is looking to push upwards. Currently sitting however at a strong horizontal resistance.
TOTAL2 is showing signs of a falling wedge on the 4H chart, shorter timeframes like this are often less reliable and shouldn't be regularly used, but the falling wedge looked nice so yeh. Anything in this area is bargain material. Another angle. Linking my MACD divergence weekly chart for anyone interested.
Signs of a bubble can be seen through the long term uptrend. In my other analysis i explained how TOTAL2 (my most published chart) is the 'wild little brother' which seems to have been consistent with the run up of ALTS, majority of the time TOTAL2 will have a greater value in either the + or - direction. Honestly just made this chart because I haven't made one...
TOTAL2 has formed a descending broadening wedge on the intraday hourly chart, this is a reversal pattern. Each, the support line and resistance line must be touched at least twice to validate the pattern. On the 4H chart a cluster of Fib EMA's can be observed to be around the area of 78B, strong support area. On the weekly chart the price can be seen to be...
TOTAL2 has broken the downtrend line as supported by this beautiful indicator, cheers to whoever designed it! Expect some bullish momentum in the coming weeks!
A bearish symmetrical triangle has formed, this may lead to a breakdown to 78B before new highs can be established, symmetrical triangles can be both bearish and bullish depending on the first impulse wave up or down, in this case the impulse wave is down.
Purple EMA level as support level, approx 78B. Alt coin market looks good.
Looks as if it is in the early stages of printing a bullflag with large wicks, we will see how it plays out in the coming weeks/months. Lets go!
Strong linear regression uptrend.. Buy the uncertainty! Included a fib retracement from the 2017 top to the 0.236 high that was recently achieved.
Bullish W formation, discovering new formations, lets see how this plays out. TOTAL2
Very strong LR uptrend, 0.97, i have included a crash point to a VERY strong support for the alt coin market if this breaks down, grey EMA line.
Rising wedge with a possible third top incoming, a H&S pattern and a perfect 200MA touch can be observed.
I believe we are currently in a disbelief phase, with the recent spike in volume, price has TOTAL has soared, and a possible alt season is upon us. This alt season will be quite prolonged, due to the discrepancy in support levels between TOTAL and TOTAL2. A bullflag can be observed, as these aren't the highest performing chart patterns for myself, i have included...
As you can see TOTAL2 is clinging onto the gaussian channel downtrend. This may be a possible reversal point for the alt coin market. ~57B.
TOTAL has been on a massive bull run since the release of cryptocurrencies. PVT shows huge demand for cryptocurrency. Cumulative volume index shows a steady increase of buyers flowing into the market. Overall net trend is looks extremely positive. Included a fractal that shows a possible price reversal point at the long term uptrend.