📉 #TOTAL3 #Altcoin #MarketAnalysis
The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I...
📈 CRYPTOCAP:BTC Update
Key Levels:
Bullish: $70,120
Bearish: $65,000
I will definitely reduce my altcoin positions if I see some candles close under $65k.
Here’s an important update on TOTAL3, reflecting the recent market dynamics and our analysis:
📉Recent Movement:
- After the dip of 7 June, TOTAL3 has returned to the center of its 9-week-long consolidation range (visible on the weekly time frame in the inset of the attached chart).
- Simultaneously, we observe a reversion to the center of the 50-day and...
Continuing to increase my position in SEED_DONKEYDAN_MARKET_CAP:ORDI based on technical analysis and an averaging up strategy.
💰 Average purchase price: $56
Targets:
$199
$250
$300
📊 Key levels to watch:
Support: $51
Resistance: $75.71