TOTAL 3: BREAKDOWN BELOW THE SUPPORT LEVEL.
TOTAL 3 Update:
This isn't looking good. Total 3 market cap is the total market cap calculation ($) of all the altcoins except for BTC & ETH. Currently, it has broken down below the crucial support level which could turn out to be a fake down as well but can't be 100% sure. I was expecting the T3 to hold this support level but now we may have to look the other way around. Although the price has broken down below the support, the RSI has already reached its oversold zone which may turn out to be good for the altcoins.
If it is a fakedown then I expect the T3 to push back inside the trendline and continue its rally but if it turns out to be an actual breakdown then altcoins will bleed more.
Key points:
1. RSI at the oversold level.
2. Broke down below the support (305B).
3. The daily close should be above 305B.
That's it from my end, I will see you in my next update.
Trade safely.
This isn't looking good. Total 3 market cap is the total market cap calculation ($) of all the altcoins except for BTC & ETH. Currently, it has broken down below the crucial support level which could turn out to be a fake down as well but can't be 100% sure. I was expecting the T3 to hold this support level but now we may have to look the other way around. Although the price has broken down below the support, the RSI has already reached its oversold zone which may turn out to be good for the altcoins.
If it is a fakedown then I expect the T3 to push back inside the trendline and continue its rally but if it turns out to be an actual breakdown then altcoins will bleed more.
Key points:
1. RSI at the oversold level.
2. Broke down below the support (305B).
3. The daily close should be above 305B.
That's it from my end, I will see you in my next update.
Trade safely.
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