#TOTAL Crypto space facing significant resistance here
If you draw the anchored vwap from the important last significant swing low and high from 2021, the bands pretty much line up at the 200day moving average which has been a significant point of polarity for the total market cap chart. With price action seemingly stuck here for the last 3 days, the crypto market is at risk at halting recent upside from this level. Alternatively, if the market can break above this level then that opens up a new shift, but my gut says given the level of resistance we face, it is going to be very difficult in the short term to break this level without a correction first. Let's see where we go..
Nota
36% lower now from area identified as major resistance area. 1.2T should be natural support from 2021 lowsNota
Crypto market cap now more than 50% off the level identified to be critical resistance
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.