Zaraki11_AY

TOTAL2, make or break! Double harmonics, critical trendline!

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
At a very critical point for alts

Bullish Case:
1) Two harmonics
2) bullish divergence on the hourly TFs forming
3) 100 DMA support
4) oversold on hourly TFs

Bearish case:
1) Broken trendline
---need to wick above it 2 be bullish
--- closing body of the candle below the trendline would start nearly a year long downtrend for alts (in my opinion)
2) overall, markets (not just crypto) have taken a turn to the downside

I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!

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