Total Crypto Market Cap: 1W Review

Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.

The chart is self-explanatory. The total crypto market cap failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending wedge pattern so there may be a chance of upside, however economics and traditional markets do not look strong so this may be a short lived upside. Lastly, this is a weekly chart, so please have patience.

Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, Descending Wedge Pattern, RSI.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk