TOTAL Market Cap Faces Rejection at $2T
Current Market Activity: This morning, the TOTAL market cap was rejected at the 2T level, the top of the range, and has begun retracing, potentially testing the bottom of the range at 1.85T once again.
Key Levels:
Top of Range: 2T (Rejected)
Bottom of Range: 1.85T (Potential test)
Previous High: 2.25T (Late August)
Bearish Signals: TOTAL has not created a higher high since reaching 2.25T, suggesting that the higher timeframe trend remains to the downside. A break below 1.85T could lead to a retest of the 1.7T level, which was last tested in early August.
Market Outlook: Watch for a decisive move at 1.85T for clues on the next direction.
#CryptoMarketCap #TOTAL #MarketAnalysis #SupportAndResistance #Downtrend #Bearish #Crypto #PriceAction #TechnicalAnalysis
Key Levels:
Top of Range: 2T (Rejected)
Bottom of Range: 1.85T (Potential test)
Previous High: 2.25T (Late August)
Bearish Signals: TOTAL has not created a higher high since reaching 2.25T, suggesting that the higher timeframe trend remains to the downside. A break below 1.85T could lead to a retest of the 1.7T level, which was last tested in early August.
Market Outlook: Watch for a decisive move at 1.85T for clues on the next direction.
#CryptoMarketCap #TOTAL #MarketAnalysis #SupportAndResistance #Downtrend #Bearish #Crypto #PriceAction #TechnicalAnalysis
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