Crypto Total Market Cap Exclude BTC (TOTAL2) | Bulls IN Bears
Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look:
- First let's notice the "support trendline" which is now in play. If this trendline is broken we can expect TOTAL2 to move lower and test the 0.786 Fib. retracement from the last wave. Staying above this trendline can lead to a bounce up and test of EMA10 (79) followed by EMA50 (88).
- We also have a pattern and a neutral .
Our main scenarios are drawn on the chart.
We believe TOTAL2 will grow in the coming months with potentially only one last strong drop left.
What's your take on where this index is headed?
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