- We have a tremendous confluence to buy cryptocurrencies for a long term at this moment!
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
- 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area!
- 0.382 FIB retracement is also a noticable support level on the LOG scale.
- As per my Elliott Wave analysis – ABC correction has been completed on the macro scale and now we are ready for another bull market!
- We have a falling wedge or a bullish flag – noticeable patterns on the weekly chart.
- https://www.tradingview.com/chart/TOTAL/lDHyNS5b-TOTAL-crypto-cap-New-bull-market-Bull-flag-Elliott-wave/
