$TOTAL Cup & Handle forming

1 มิ.ย.

Although we could zoom out and literally write a book of TOTAL technical analysis, let´s start with this 12 hour time frame

In green, a Cup & Handle formation, that WILL TAKE US ABOVE ALL-TIMES-HIGH cryptomarket cap

The ATH marketcap is marked on the purple horizontal lines (2,9 to 3,0 trillion) and the C&H targets are marked with the purple arrows, left is most otimistic, right pessimistic

Is important to say price is on a little triangle formed by yearly long support (big blue dotted diagonal line) and yearly fib circle resistence (continuous red thin line0)

This triangle can still break low to find the support on the thick green 200 EMA line and others yearly supports

As we are on a region with a lot of multi year support, guess what? Break up is a matter of time; I´ll give approximately 4 weeks to this setup completion (marked with red flag and another confluence with the next multi year long fib circle)

14 มิ.ย.

บันทึกช่วยจำ

A few days has passed and we have another confirmation of this trend

Although the Cup & Handle has become too distorted, it has given birth to another formation: the Inverted Head & Shoulders!

Targets remain the same!