CRYPTO MARKET CAP is completing an IH&S and set a 2.18T target.

The Crypto Total Market Cap (TOTAL) has broken above its Bear Cycle Falling Wedge since March and is now about to complete the Right Shoulder of the Inverse Head and Shoulders (IH&S) pattern whose Head priced the bottom.

The 1W MA50 (blue trend-line) is the Support since March while the 1W MA100 (green trend-line) the Resistance since May 2022. Standard IH&S patterns go for a 2.0 Fibonacci extension and as you see that falls almost exactly on the 2.17T Resistance (March 28 2022 High). That's at 2.18T and it is our long-term target.


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