TOTAL - Fib Channel 2023
Saving the fibonacci channel configuration of TOTAL for future analysis.
Currently level 0.786 is supported and value is within the 0.786 - 1.0 fib channel
Downside Scenario: There is possibility for TOTAL to sidestep inside the current channel until the blue downtrend line and force a drop to the 0.618 level (around March - April)
In case of breakout of the downtrend line and retest within the current fibonacci channel, Crypto Total Market Cap will show high volume with possible recovery to the 1.0 fib level.
Currently level 0.786 is supported and value is within the 0.786 - 1.0 fib channel
Downside Scenario: There is possibility for TOTAL to sidestep inside the current channel until the blue downtrend line and force a drop to the 0.618 level (around March - April)
In case of breakout of the downtrend line and retest within the current fibonacci channel, Crypto Total Market Cap will show high volume with possible recovery to the 1.0 fib level.
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