Total crypto cap getting rejected from inverse H&S neckline
Updated
The Total crypto cap has formed a fairly large inverted head and shoulders. But today's bar shows rejection. Confirmation at the daily close. There are bearish divergences up to the 2H.
However MACD is bullish and RSI has room to spare up. a break above the H&S neckline is moon for cryptos all together. Capitalization will reach 568 billion dollars from currently 281 roughly 2X, so a 20k BTC is possible.
However MACD is bullish and RSI has room to spare up. a break above the H&S neckline is moon for cryptos all together. Capitalization will reach 568 billion dollars from currently 281 roughly 2X, so a 20k BTC is possible.
Note
first target reached.
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