TOTAL M.CAP ANALYSIS! BULLISH RALLY AHEAD!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL market cap update. TOTAL M.CAP looks promising here.
Here are some reasons why I'm bullish:
1) Total M.cap is trading inside a rising channel in a 3-days time frame where it is forming HH and HL. After making a recent HL now it is ready to make a new HH.
2) It's breaking out from the falling wedge and looks like a retest is also done. After making a retest it gives the confirmation by making a green candle.
3) Holding above the purple line very accurately so far.
4) Holding the pink MA which is quite bullish.
Invalidation level:- If any candle closes below pink MA. Previously when it loses this MA market dumps 40-50%
What do you think about this?
Do you think we might see a bullish rally in upcoming months or do you think that a big dump is coming soon?
Share your views and ideas in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this TOTAL market cap update. TOTAL M.CAP looks promising here.
Here are some reasons why I'm bullish:
1) Total M.cap is trading inside a rising channel in a 3-days time frame where it is forming HH and HL. After making a recent HL now it is ready to make a new HH.
2) It's breaking out from the falling wedge and looks like a retest is also done. After making a retest it gives the confirmation by making a green candle.
3) Holding above the purple line very accurately so far.
4) Holding the pink MA which is quite bullish.
Invalidation level:- If any candle closes below pink MA. Previously when it loses this MA market dumps 40-50%
What do you think about this?
Do you think we might see a bullish rally in upcoming months or do you think that a big dump is coming soon?
Share your views and ideas in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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.