TOTAL Crypto Market Cap WEEKLY
As we can see, the Range Top has once again rejected PA in a very similar manner to when it did the same in Jan '21.
That led to 2 weeks of Red and then a short Green to once again Test the upper trendline, which we broke through.
There are a number of things that point towards this possibly repeating itself, not the least of which is the seemingly reawakening DXY.
DXY is also following a possiblr Frsctsl and if it is valid, the push could last up to 2 months - So not 100% confluence but certainly to start with
Also, the 200MA (yellow) has also seemingly rejected PA. So I think it is safe to assume PA will cool down for a bit possiblt coming down to test the diagonal trendline as support
Nothing is ever set in stone but these are ideas............
That led to 2 weeks of Red and then a short Green to once again Test the upper trendline, which we broke through.
There are a number of things that point towards this possibly repeating itself, not the least of which is the seemingly reawakening DXY.
DXY is also following a possiblr Frsctsl and if it is valid, the push could last up to 2 months - So not 100% confluence but certainly to start with
Also, the 200MA (yellow) has also seemingly rejected PA. So I think it is safe to assume PA will cool down for a bit possiblt coming down to test the diagonal trendline as support
Nothing is ever set in stone but these are ideas............
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.