#TOTAL closed above this EMA! Bullish Rally ahead?

13 Nis 2022

Total mcap broke out on March 22nd, 2022, and is currently retesting the resistance turned support trendline.
As per this chart TOTAL, MCAP is likely to rally from here.
As per fractals, 200D EMA has been an important indicator for short bull rallies throughout the market.
The index closed right above the EMA.
There's a lot of FUD in the market which logically shows signs of opportunities in the market.
$1.8 Trillion happens to be a very important support level for the index to hold on 2D and weekly charts.

Conclusion:- Total mcap has retested after the breakout and bouncing from the 200D EMA. Increases the possibility of a bullish rally for the next few weeks.

Invalidation:- Only if it breaks and closes below the Channel.

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