TOTAL Mcap 2020-May-12
TOTAL Mcap is at risk of breaking its rising channel. There is lots of volatility happening here; which is both a sign of a healthy market and also that the pattern is likely valid. With the halving now complete on the BTC mining rewards; its up to the market to decide if there is any truth to the bullish/bearish narratives.
From a TA point; this is due to turn to a bullish impulse off the base of the channel. As long as risk is managed to below the channel (note the depth of some fakeouts); there is still a solid RR on the table.
From a TA point; this is due to turn to a bullish impulse off the base of the channel. As long as risk is managed to below the channel (note the depth of some fakeouts); there is still a solid RR on the table.