The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Total is the marketcap of all cryptocurrencies.
In the graph, the index is in a zone of extreme congestion.
It is between the yellow lines, being one of support and one of resistance.
There is also a wedge represented by the blue lines.
Considering these lines, I divided the graph into zones.
Zones:
There are two blue triangles.
The one above represents a bullish zone, while the one below a bearish zone.
The purple area is where the price tends to go if the scenario continues like this.
The red zones are the hardest regions to reach, at least for now.
The gray area is for thinking maybe only next year.
Total is the marketcap of all cryptocurrencies.
In the graph, the index is in a zone of extreme congestion.
It is between the yellow lines, being one of support and one of resistance.
There is also a wedge represented by the blue lines.
Considering these lines, I divided the graph into zones.
Zones:
There are two blue triangles.
The one above represents a bullish zone, while the one below a bearish zone.
The purple area is where the price tends to go if the scenario continues like this.
The red zones are the hardest regions to reach, at least for now.
The gray area is for thinking maybe only next year.
