In case TOTAL breaks the downtrend line below 1.0 fib
This analysis language:
bearish trend line confirmed at three distinct points.
TOTA indicating the total amount of money in the cryptocurrency market
Bonat pressure based on early 2013, marking 2018 pivot and associated with 2021 ATH (November)
Currently the main Fibonacci leves are 1.0 and 0.786. They should act as support in the coming months. There is a high chance that the 1.0 Fibonacci support will be broken and thus test 0.786 Fibonacci support.
A bullish trend will appear when the downtrend line has been broken and retested.
bearish trend line confirmed at three distinct points.
TOTA indicating the total amount of money in the cryptocurrency market
Bonat pressure based on early 2013, marking 2018 pivot and associated with 2021 ATH (November)
Currently the main Fibonacci leves are 1.0 and 0.786. They should act as support in the coming months. There is a high chance that the 1.0 Fibonacci support will be broken and thus test 0.786 Fibonacci support.
A bullish trend will appear when the downtrend line has been broken and retested.