TOTAL crypto cap - New bull market! Bull flag + Elliott wave
- 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.
- Look at my ideas about interesting altcoins in the related section down below ↓
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