Crypto total market cap has bounced off its 200 day MA/EMA bands

٢٥ مايو ٢٠٢١

The Crypto Total market cap chart has bounced off both its 200 day simple and exponential moving averages. Cryptos in general have their work cut out as there are some significant areas of resistance up front. Also interesting to note that the daily chart has printed a daily RSI divergence which is generally a bullish development.

Volatility likely to persist whilst regulations continues to grip this asset class but as things stand i think we are seeing quite constructive action for more upside. Trade safe and remember to always make use of stop losses if you are using leveraged positions :)