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Friday, August 28, 2020

Crypto Market Cap Correction

Crypto Market Cap Correction

It seems that the whole market is forming a head and shoulders pattern. If the total market cap rejects the range of $350B - $360B which is the all-time resistance, the right shoulder will be drawn and completes the pattern. Accordingly, it has the potential to see $285B as a correction to %61.8 Fibonacci before breaking out the all-time resistance at the range of $350B - $360B.

from Trading Ideas
via gqrds

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