Total crypto market (CRYPTOCAP:TOTAL) 1D timeframe +1W prelude
Greetings,
At this point price action on 1 week time frame supporting, last confirmed total market cap value with 1.355 T $, and respected price box, same as 1D.
This point of total market cap was confirmed as previous support, as we see on chart this level was accepted as support on - 01 may, and confirmed for all way up to around ~1.79T total market cap.
Other facts - Critical:
1W timeframe - Relative strength index – testing 48 points from above (that wasn’t happen all way up from 27 april 2020 – potentially trampoline to way up, or to bury hope.
1D timeframe - Relative strength index – moving up to average 50 points, supported at 40 but rejected more important level at 50. (hidden divergence?)
Other facts - Cons:
1W timeframe - MACD momentum directed down since 12 may
1D timeframe – VPVR – struggle around 1.5T total market cap
Other facts – Pros:
1W/1D – price action – supported crucial 1.355T lvl – confirmed, lets check where it will close,
1D timeframe - MACD momentum directed upward since 01 june rejected by price action – for this time (20 june), price action supported 1.35lvl.
1D – Bollinger bands – supported lower band,
Next week should show where we gonna be in next month.
Do we may see next curious Thursday on 24 june?
Still waiting to break out box for bullish movement. Next break 1.5T total market cap – stop on 21 Moving average.
Shortly..
At this point price action on 1 week time frame supporting, last confirmed total market cap value with 1.355 T $, and respected price box, same as 1D.
This point of total market cap was confirmed as previous support, as we see on chart this level was accepted as support on - 01 may, and confirmed for all way up to around ~1.79T total market cap.
Other facts - Critical:
1W timeframe - Relative strength index – testing 48 points from above (that wasn’t happen all way up from 27 april 2020 – potentially trampoline to way up, or to bury hope.
1D timeframe - Relative strength index – moving up to average 50 points, supported at 40 but rejected more important level at 50. (hidden divergence?)
Other facts - Cons:
1W timeframe - MACD momentum directed down since 12 may
1D timeframe – VPVR – struggle around 1.5T total market cap
Other facts – Pros:
1W/1D – price action – supported crucial 1.355T lvl – confirmed, lets check where it will close,
1D timeframe - MACD momentum directed upward since 01 june rejected by price action – for this time (20 june), price action supported 1.35lvl.
1D – Bollinger bands – supported lower band,
Next week should show where we gonna be in next month.
Do we may see next curious Thursday on 24 june?
Still waiting to break out box for bullish movement. Next break 1.5T total market cap – stop on 21 Moving average.
Shortly..
