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TOTAL Crypto market cap - New rising wedge on the weekly chart!
Crypto Total Market Cap, $
Long
TOTAL Crypto market cap - New rising wedge on the weekly chart!
By UnknownUnicorn2537518
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Aug 7, 2022
6
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42
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Aug 7, 2022
2023 is going to be a very bullish year for crypto in my opinion!
I believe we can reach a market cap of 6-7 trillion dollars by December 2023.
Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG).
200 moving average is considered a strong support by huge institutions and hedge funds, and the bulls successfully defended this area.
As per my Elliott Wave analysis, the ABC correction has been completed on the macro scale, and now we are ready for another bull market.
We have a tremendous confluence to buy cryptocurrencies at this moment, as you can see on the chart.
I expect massive gains for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Bitcoin (Cryptocurrency)
Bullish Flag
Bullish Trend Line
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
Fundamental Analysis
Rising Wedge
Support and Resistance
total
Zigzag
UnknownUnicorn2537518
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