TOTAL2 total market cap excluding BTC analysis
TOTAL2 made a new ATH past the daily supply zone and rejected off the 1.272 fib from the corrective wave prior and pulled back into the 0.5 - 0.618 fib and into a daily demand zone with a big rejection wick, forming a bull flag and breakout with a MACD bullish cross over and forming HH and HL structure. Not sure if the volume data looks accurate here though and also getting a buy signal on the UCTS. Market looks healthy and just a normal correction and continuation from a HTF perspective.
Weekly: Looks great here also showing an intact HH and HL formation uptrend. using fib projection from the high and low of the prior corrective wave on the left (arrowed), price has come into the 1.272 and corrected pulled into the 0.5 - 0.618 fib drawn from the low to the new high before (arrowed) on the right. Price started to reverse with a bullish engulfing candle prior to a bullish pin bar.
Weekly: Looks great here also showing an intact HH and HL formation uptrend. using fib projection from the high and low of the prior corrective wave on the left (arrowed), price has come into the 1.272 and corrected pulled into the 0.5 - 0.618 fib drawn from the low to the new high before (arrowed) on the right. Price started to reverse with a bullish engulfing candle prior to a bullish pin bar.
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