🚨 Attention: Death Cross Alert! 🚨
Dear Crypto Community,
As we experience a surge of greed in an overbought market and hear some amusing stories 😄, I've brought you the TOTAL3 Crypto Market Cap 1D $ update.
From yesterday to today, we've seen a Death Cross 📉.
This signals a potential longer downtrend for most altcoins.
Not ALL of them!!! We are noticing increasing weakness in the market.
A few days ago, I shared various indicators showing decreasing upward momentum and the possibilities of deeper resistance or support levels.
Now, combined with the Death Cross (MA50 crossing below MA200), this could surprise many. This is all on a daily basis.
On the 4-hour basis, we can still see upward momentum.
Likewise, many assets also look good on the weekly basis 📈.
Explanation on why we might still see a downward trend:
The 4-hour basis, daily basis, or weekly basis can take several periods to unfold or come to a halt.
For example, 20 periods of the 4-hour chart might mean we see the end of this week before the downtrend on the daily basis fully unfolds.
Which assets still look bullish?
Follow me for more exciting updates!
Thank you. Everyone is welcome. 🙌
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