$TOTAL 2 - Alt coins have bounced off this important sup level
For those who can stomach this crypto volatility, we have seen the market cap chart of the Alt coins bounce off $600mil this morning. Notice how important this support zone was in 2021 touching it multiple times and bouncing. Also importantly, this is where the anchored vwap zones come in using the December 2018 and March 2020 lows. This is no doubt an important support zone and bulls will want to protect it at all costs to keep Alt coins alive.
Note: Used a LOG chart to show more perspective, but same levels apply on the normal chart.
Note: Used a LOG chart to show more perspective, but same levels apply on the normal chart.
Nota
Apologies, 600billion market cap - not 600million
"If you do what you love, you'll never work a day in your life" - Marc Anthony
Aviso legal
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.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
Aviso legal
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.