#TOTAL MARKET CAP ANALYSIS
The total market cap continued its downward move inside the triangle after being rejected from its trendline resistance. RSI is moving toward the oversold region from the overbought region.
It is holding above the MA 50 and if it is unable to hold above it, then a good bounce is expected from the trendline, where Ichimoku Cloud is also acting as support.
The total market cap continued its downward move inside the triangle after being rejected from its trendline resistance. RSI is moving toward the oversold region from the overbought region.
It is holding above the MA 50 and if it is unable to hold above it, then a good bounce is expected from the trendline, where Ichimoku Cloud is also acting as support.
#TOTAL MARKET CAP ANALYSIS
The total market cap is showing strength with consistent bullish solid weekly candle closes. The MACD crossover indicates bullish momentum. Now, all eyes are on the weekly candle close.
A strong candle close would signify the continuation of the upward movement to reach the marked high. In the event of a retracement, a retest of the horizontal support could be a possible scenario.
The total market cap is showing strength with consistent bullish solid weekly candle closes. The MACD crossover indicates bullish momentum. Now, all eyes are on the weekly candle close.
A strong candle close would signify the continuation of the upward movement to reach the marked high. In the event of a retracement, a retest of the horizontal support could be a possible scenario.