Total Crypto Market Cap: 1W Review
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending wedge pattern so there may be a chance of upside, however economics and traditional markets do not look strong so this may be a short lived upside. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, Descending Wedge Pattern, RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. The total crypto market cap failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending wedge pattern so there may be a chance of upside, however economics and traditional markets do not look strong so this may be a short lived upside. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, Descending Wedge Pattern, RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.