TOTAL Crypto Market cap DAILY Update
PA is ranging while the daily MACD cools off, as it has now done. It could Drop lower and signs are it may well do so. RI is nearer 0 and may bounce of it if PA decides to continue to range and not come back down to test support on the neckline of the FTX Recovery ( Dashed /white line). What has kept the TOTAL PA up while BTC has been ranging are the lower cap coins, or OTHERS, though I feel this may change now as the Bitcoin Dominance chart shows a turn of trend maybe towards more bullish end of week, possibly
What is interesting is that we are approaching that "Golden Cross" on the TOTAL chart, the 50 EMA ( Red) crossing over the 200 ( Yellow) - Should PA drop to the neckline, this will postpone this very Bullish sign, depending on how fast that drops. For me, I see it crossing on Thursday but maybe remaining a very shallow distance between the two for a while.
Over all, I feel things are stuill good in Crypto space and we all should be looking ahead and accumulating..
The New age of Finance is here and it is developing VERY WELL
What is interesting is that we are approaching that "Golden Cross" on the TOTAL chart, the 50 EMA ( Red) crossing over the 200 ( Yellow) - Should PA drop to the neckline, this will postpone this very Bullish sign, depending on how fast that drops. For me, I see it crossing on Thursday but maybe remaining a very shallow distance between the two for a while.
Over all, I feel things are stuill good in Crypto space and we all should be looking ahead and accumulating..
The New age of Finance is here and it is developing VERY WELL
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