Is the Total due for a correction?
First, if you like the chart/analysis please hit the like and subscribe as I am getting serous about sharing my thoughts.
Second, not investment advise, just sharing my thoughts and looking for my posts to be a landing place for thoughtful conversation on crypto.
The total market cap is right where it was in Late Feb. just before the global lock downs. Given the fact that the US Congress has yet to pass a new virus stimulus package and benefits run out next week, and that new cases continue to rise, I would not be surprised if the stock and thus crypto markets experience a downturn.
Volume is not really impressive which, in this case, I am considering a bearish sign.
The #MACD does look good thus the thumbs up.
The #RSI indicates an overbought marketplace, a bearish sign.
What do you all think? Does the market still have some gas in the tank for another push?