🪙 Total Market Cap of Cryptocurrencies - Total1
- The overall trend is still bullish
- Aiming for a first target of 4.4 trillion which it approached - and a second target of 6.6 trillion
- The overall trend has formed a bearish distribution pattern that is confirmed by closing below the red line of the 200-day EMA - at that time the bullish trend ends and the bear market (the decline) begins
- Any close below the 1 Fibonacci level or 3.1 trillion also means the end of the uptrend and confirms the downtrend
🖥 Summary:
- Continue buying from the current price and targeting the previously set goals with a stop loss at a daily close below the 200-day moving average
⚠️ Note:
Any false close below the 200 moving average then returns to close above allows re-entry
#Binanceholdermmt #BinanceHODLerMMT
