Confirmation of inversion?
The analysis was successful last time, fully confirming the touch at 48k and then retracing it at 45k, a purely technical analysis that this time paid off.
The market is in an upward phase even if it is shy, I believe and hope, even if with difficulty, that it will be the beginning of a good recovery.
What could happen?
On a purely technical level, the TOTAL has a chart very similar to Bitcoin and 2 things could happen even considering the delicate moment we are experiencing.
1) We could see a rise from 48k up to 50K (psychological threshold) and then lean in the area of the previous high, therefore on the old channel that can still act as a support, thus creating the classic double top and LONG restart on the channel (best hypothesis )
2) We could see a rise from 48k up to 50K (psychological threshold) and then retrace up to the 42 / 43k threshold because as you know when creating a double top there is a good chance that the top will break and cause the price to collapse.
FINANCIAL FANTASY NOTE:
I put the weekly chart on the top left and if you notice BTC since June 2021 it has always created head and shoulders.
If it were to make a double top and then drop to 42 / 43k on TF Weekly we would see the first push.
do you think it could happen?
The market is in an upward phase even if it is shy, I believe and hope, even if with difficulty, that it will be the beginning of a good recovery.
What could happen?
On a purely technical level, the TOTAL has a chart very similar to Bitcoin and 2 things could happen even considering the delicate moment we are experiencing.
1) We could see a rise from 48k up to 50K (psychological threshold) and then lean in the area of the previous high, therefore on the old channel that can still act as a support, thus creating the classic double top and LONG restart on the channel (best hypothesis )
2) We could see a rise from 48k up to 50K (psychological threshold) and then retrace up to the 42 / 43k threshold because as you know when creating a double top there is a good chance that the top will break and cause the price to collapse.
FINANCIAL FANTASY NOTE:
I put the weekly chart on the top left and if you notice BTC since June 2021 it has always created head and shoulders.
If it were to make a double top and then drop to 42 / 43k on TF Weekly we would see the first push.
do you think it could happen?
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.