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...
TOTAL2 has formed a nice bullflag at the top of a weak linear regression downtrend (0.72).
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.
Further downsides expected in this bear market, this island top could reach a critical point where it flash crashes to, or near the 0 fib line.
Sitting on bottom of Gaussian channel, room to either break channel or move upward. TOTAL% > TOTAL2% Bearish move imminent is my best observation from these two charts.
Atlast the priceline of Cryptocurrency Total Market Cap. Exclude Bitcoin is entered in potential reversal zone after completing a bullish shark pattern. The stochastic is already in oversold. Volume profile of complete pattern is showing very low interest of cryptocurrecy trading at this area. Histogram of MACD was strong bearish now it turned weak bearish from...