If the total market cap of the total crypto universe breaks this triangle watch out as the market cap could fall down to 800 Billion from 1.5Trillion currently. Triangles are normally continuation patterns which resolve in the direction of the preceding trend which was down in this case. The breakdown (if it happens) should be accompanied by greater volume in cryptos which should give an even stronger signal of this pattern playing out.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.