TOTAL crypto Market cap under pressure
The TOTAL PA has made a massive push over the last few weeks and has pushed up to the neck line of the Pre FTX Crash, by using a double Bottom pattern to gain strength.But now, it has another battle. PA is overbought on most timeframes and is still under the neck line of that previous PA
There is support on the Newer Trendline and the question is, Can it break up before it comes to that Apex of the two on 31 Jan, remembering that the FED ( The DXY Support Group ) will be announcing their latest Rate Hike the next day, on 1st Feb
Lets not fool ourselves here, there is every possibility that PA will get rejected and as much chance it will break over that neckline.
the only sensible option righ t now is to take precautions, maybe take some profit and we wait....................
There is support on the Newer Trendline and the question is, Can it break up before it comes to that Apex of the two on 31 Jan, remembering that the FED ( The DXY Support Group ) will be announcing their latest Rate Hike the next day, on 1st Feb
Lets not fool ourselves here, there is every possibility that PA will get rejected and as much chance it will break over that neckline.
the only sensible option righ t now is to take precautions, maybe take some profit and we wait....................
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