what the hell is going on crypto market โโ #TOTAL analysis๐๐
Hello crypto community welcome to my new analysis
what's up guys I know this Recent declines has impressed and upset almost everyone todays
But we should adapt to this new circumstance ,So let's go a little deeper
The TOTAL has shrunk by more than 35% to $ 2trillion since it hit its ATH about 3T , and the entire crypto market recently turned red and bloody accordingly
Probably a lot of people in the $3 trillion of marketcap were super greedy, and that's where the whales started selling, and the market is still scared to this day. Of course, this extreme fear is a good sign for a green return of market.
Anyway what I see right now is a horrible head and shoulders and at the same time the volume is decreasing gradually (although I do not want to scare you guys) , but it can technically lower the price of TOTAL, even to about 1.5T to its lower support levels
However, what keeps the price right now is EMA 50, which if not supported, it cause to another fall once again to the next support EMA100,
Otherwise, we need a quick rejection right now ,if it is supported again on EMA50 by an increase in volume, in this case by break out of the downward trend line(white line), it can grow up to 2.5 trillion resistance levels again .
As you probably know in order to have any bullrun , something that drives the price is significant volume and injection of liquidity to the market, which we have not recently seen anything special yet so without that we shouldn't be hopeful for a new ATH to specified targets.
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
๐with Best Regards
what's up guys I know this Recent declines has impressed and upset almost everyone todays
But we should adapt to this new circumstance ,So let's go a little deeper
The TOTAL has shrunk by more than 35% to $ 2trillion since it hit its ATH about 3T , and the entire crypto market recently turned red and bloody accordingly
Probably a lot of people in the $3 trillion of marketcap were super greedy, and that's where the whales started selling, and the market is still scared to this day. Of course, this extreme fear is a good sign for a green return of market.
Anyway what I see right now is a horrible head and shoulders and at the same time the volume is decreasing gradually (although I do not want to scare you guys) , but it can technically lower the price of TOTAL, even to about 1.5T to its lower support levels
However, what keeps the price right now is EMA 50, which if not supported, it cause to another fall once again to the next support EMA100,
Otherwise, we need a quick rejection right now ,if it is supported again on EMA50 by an increase in volume, in this case by break out of the downward trend line(white line), it can grow up to 2.5 trillion resistance levels again .
As you probably know in order to have any bullrun , something that drives the price is significant volume and injection of liquidity to the market, which we have not recently seen anything special yet so without that we shouldn't be hopeful for a new ATH to specified targets.
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
๐with Best Regards
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