ALT M.CAP UPDATE!
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update.
TOTAL M.CAP is forming a falling wedge-like structure in the daily time frame and currently facing strong resistance at the upper trendline of the wedge. If it is rejected from here and starts dropping, we see a dump in Alts as well. In a bullish case, if it breaks out and gives a daily close above the red resistance line then more pumps are upcoming in Alts.
So basically I'm waiting for a reaction here first. I'm not longing for anything when Alt M.cap is at resistance.
What do you think about this?
Let me know your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this TOTAL2 aka ALT MARKET CAP update.
TOTAL M.CAP is forming a falling wedge-like structure in the daily time frame and currently facing strong resistance at the upper trendline of the wedge. If it is rejected from here and starts dropping, we see a dump in Alts as well. In a bullish case, if it breaks out and gives a daily close above the red resistance line then more pumps are upcoming in Alts.
So basically I'm waiting for a reaction here first. I'm not longing for anything when Alt M.cap is at resistance.
What do you think about this?
Let me know your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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