TOTAL2 analysis based on EW & Fibonacci Jan 13 2022 #1

TOTAL2 analysis based on EW & Fibonacci Jan 13 2022

everyone Below is a quick update for the TOTAL2 (altcoins total marketcap) analysis based on EW & fibs
The TOTAL2 is showing a 5w impulse from **589B** to 1.7T
There is a divergence between wave 3 and wave 5 on the RSI and MACD on the 3D time frame
0.5 fib sprt will be approximately 1.02t
0.618fib sprt will be at 800B
0.786fibs sprt will be at 738B

There is a clear H&S pattern formation forming also to increase the validity of the current down trend
1:1 extension if it reaks the neckline is pointing down to the low 700B

In order for the trend to reverse, bulls will need to take out 1.4-1.5T resistance. This will allow to readjust the wave analysis to a potential wave new wave 5.
Can check out the link of the ETHUSDT analysis based on EW below