Monthly Candle Closes Above the TOTAL2 Chart's Dbl Bttm Neckline

Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW) CRYPTOCAP:TOTAL2

DrDovetail

The monthly double bottom pattern on the TOTAL2 (Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now on our follow up confirmation candle on the monthly chart. Probability of a confirmed breakout has greatly increased here but we should be prepared for a retest of the neckline and also a smaller possibility of a fakeout just in case.

from Trading Ideas https://ift.tt/3lyerdz
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