Crypto Total Market Cap Excluding BTC, $Güncellendi Altcoin market capitalization, impulse wave scenario
Hello,
yesterday I posted the correctional wave scenario forTOTAL2, please check out the attached TA.
Here I project a possible impulse wave scenario for alt cap.
Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III.
Confirmation might be created by breaking the grey downtrend with a solid close above it. As always a retest of the former resistance will fortify the projected price action.
A bullish pattern that might form, is the W created by B -> C -> I -> II ?-> III.
The overall structure forms some kind of pennant, but I don't like its structure nor the time-frame.
As always this is not a direct advice concerning your asset management.
Trade safe
Nik
yesterday I posted the correctional wave scenario for
TOTAL2, please check out the attached TA.Here I project a possible impulse wave scenario for alt cap.
Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III.
Confirmation might be created by breaking the grey downtrend with a solid close above it. As always a retest of the former resistance will fortify the projected price action.
A bullish pattern that might form, is the W created by B -> C -> I -> II ?-> III.
The overall structure forms some kind of pennant, but I don't like its structure nor the time-frame.
As always this is not a direct advice concerning your asset management.
Trade safe
Nik
Not
Lets see if the retest is one, breaking the grey line downwards implies that wave C of the attached bearish analysis has become much more plausible.
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Feragatname
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.