Crypto Total Market Cap Exclude BTC (TOTAL2) This chart is now bullish with bullish indicators... Let's take a closer look.
In late October TOTAL2 had a strong breakout that put its value above EMA10 and EMA50... Right now the resistance that is being challenged is EMA100 at 73.515B.
The light blue space is where the consolidation/sideways action can take place.
The continuation is bullish, a bullish flag or also ascending triangle can be drawn on this chart as bullish chart patterns.
The indicators are also bullish. The MACD is above 0 and the RSI strong above 50.
We also have higher lows and higher highs being printed on the chart... So we are expecting a follow up from the bulls based on these signals.
SUPPORT & RESISTANCE LEVELS
The immediate support is EMA10 at 71.145B, followed by strong support at EMA50 (69.831B).
As a resistance, we have EMA100 as mentioned above at 73.512B followed by the Fib. resistance at 74.299B.
All the additional details are marked on the chart.
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