CRYPTO TOTAL MARKET CAP (TOTAL)

Crypto Total on the mend. Price appears to have found support above the 50% and we see further price continuation. Volume has slowly crept back into the market with most institutional player coming back after holiday. Notice how volume has created a higher low on the 4H. Keep an eye out if this trend holds. Markets are extremely volatile so expect large moves off consolidation areas. Expecting a potential bounce off the lower time frame 50%. Price must hold the short-term trend line otherwise we could see a liquidity sweep. If the higher time frame 50% is turned into resistance, we could see a price drop to the lower levels.

Take note of recent divergence found on the MACD and RSI. Price continues to move higher with high lows, while we see lower lows forming on the indicators. This typically indicates that the buyers are absorbing all the selling pressure in the market. Once sellers are unable to maintain pressure the buyers will prevail. Expect price continuation until otherwise proven.