TOTAL2 (Altcoin M.cap): Bull Flag in Play?
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WHAT IS TOTAL2?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It's a metric used to gauge the overall performance of the altcoin market, essentially everything other than Bitcoin.
TOTAL2, which tracks the total market capitalization of altcoins, is currently trading within a pattern resembling a bull flag. This pattern can be a bullish continuation signal, but confirmation is needed.
Here's what we're watching:
Bull Flag Breakout: A clean break and close above the upper trendline of the flag would be a bullish signal, potentially leading to a rise in the altcoin market capitalization. TOTAL2 is currently finding support around the middle line of the flag.
So accumulate as many Altcoins as you can till then it is trading inside the flag. Sooner or later we will see a great Altcoin season.
What are your thoughts on TOTAL2's current price action? Do you see a potential bullish flag? Share your analysis in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
WHAT IS TOTAL2?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It's a metric used to gauge the overall performance of the altcoin market, essentially everything other than Bitcoin.
TOTAL2, which tracks the total market capitalization of altcoins, is currently trading within a pattern resembling a bull flag. This pattern can be a bullish continuation signal, but confirmation is needed.
Here's what we're watching:
Bull Flag Breakout: A clean break and close above the upper trendline of the flag would be a bullish signal, potentially leading to a rise in the altcoin market capitalization. TOTAL2 is currently finding support around the middle line of the flag.
So accumulate as many Altcoins as you can till then it is trading inside the flag. Sooner or later we will see a great Altcoin season.
What are your thoughts on TOTAL2's current price action? Do you see a potential bullish flag? Share your analysis in the comments below!
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