TOTAL crypto cap - New bull market! Bull flag + Elliott wave
- We have a tremendous confluence to buy cryptocurrencies for a long term at this moment!
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
- 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area!
- 0.382 FIB retracement is also a noticable support level on the LOG scale.
- As per my Elliott Wave analysis - ABC correction has been completed on the macro scale and now we are ready for another bull market!
- We have a falling wedge or a bullish flag - noticeable patterns on the weekly chart.
- Look at my ideas about interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" and "Follow"!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.