TOTAL Crypto Market Cap WEEKLY
As we can see, the Range Top has once again rejected PA in a very similar manner to when it did the same in Jan '21.
That led to 2 weeks of Red and then a short Green to once again Test the upper trendline, which we broke through.
There are a number of things that point towards this possibly repeating itself, not the least of which is the seemingly reawakening DXY.
DXY is also following a possiblr Frsctsl and if it is valid, the push could last up to 2 months - So not 100% confluence but certainly to start with
Also, the 200MA (yellow) has also seemingly rejected PA. So I think it is safe to assume PA will cool down for a bit possiblt coming down to test the diagonal trendline as support
Nothing is ever set in stone but these are ideas............
That led to 2 weeks of Red and then a short Green to once again Test the upper trendline, which we broke through.
There are a number of things that point towards this possibly repeating itself, not the least of which is the seemingly reawakening DXY.
DXY is also following a possiblr Frsctsl and if it is valid, the push could last up to 2 months - So not 100% confluence but certainly to start with
Also, the 200MA (yellow) has also seemingly rejected PA. So I think it is safe to assume PA will cool down for a bit possiblt coming down to test the diagonal trendline as support
Nothing is ever set in stone but these are ideas............
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