WHAT DOES TOTAL MARKET CAP TELL US?

TOTAL


1. After the liquidations on the weekend of February 2-3, a range between 3T and 3.24T was formed.
2.The volume is also in a clear range on the OBV chart.
4. At the lower boundary of the range, the volume patterns (marked with a red arc) of buyer preference will break through, with the price moving upwards.
5. The slope of the trend on the OBV chart indicates a faster increase in buyer volume and a non-equivalent increase in price - a bullish divergence.

Expectations: a hike to the upper boundary of the range of 3.24T and a pullback to the middle, after which we can expect a test of historical capitalisation highs.