Hello crypto community ,Welcome to new update for total index today:
From June 18, 2022, when I posted the last analysis, it took about 1 month to recover and regain the
1T level as an important psychological support for the Crypto Total Marketcap! and as we can see in the daily time frame bulls was able to retake the pivot zone that now acts as a support zone ,It seems that the total index aims to fills higher VG(volume gap ) zone or likely touches the the blue VWAP line ,
so in this case the next and is the higher levels are red resistance zone or descending trend line, so it may even see these levels but if it want to rise more should breakout the descending trendline , Although I expect to decline if it see these levels .
anyway otherwise if it loses the current support-pivot zone it can even see the lower demand zone !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
From June 18, 2022, when I posted the last analysis, it took about 1 month to recover and regain the
1T level as an important psychological support for the Crypto Total Marketcap! and as we can see in the daily time frame bulls was able to retake the pivot zone that now acts as a support zone ,It seems that the total index aims to fills higher VG(volume gap ) zone or likely touches the the blue VWAP line ,so in this case the next and is the higher levels are red resistance zone or descending trend line, so it may even see these levels but if it want to rise more should breakout the descending trendline , Although I expect to decline if it see these levels .
anyway otherwise if it loses the current support-pivot zone it can even see the lower demand zone !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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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.
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.