Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting...
Total MarketCap (Update)
In Daily timeframe Chart, Crypto Total Market Cap is Moving Above the Strong Support (1.32T)
If Crucial Support Broken Down then Next STOP Could be 832bln (So We Could see Crash in Coming Days)
In Bullish Case, If MarketCap Remains Above the Support, Expecting Bounce Back towards the 1.70
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