📈 TOTAL3 -19% Drop, To Start (Market Correction Explained)
Updated
Recently the Total3 index tested EMA50 as support and after a lower high is now set to close below EMA21 and EMA10 as bearish confirmation. This kind of setup will lead to a strong drop.
Bear volume is the highest since October and the RSI is jumping off a cliff.
These bearish signals can be found all-throughout the financial markets, not only Cryptocurrency.
It is a standard correction what is showing the chart now will happen but it can speed up and change once it starts.
👉 I will continue to share additional information through more charts.
You can visit my profile and find Solana, Ethereum, Chainlink, PolkaDot, Dogecoin, Binance Coin, Polygon and all other major Altcoins looking really weak... The smaller ones are looking better but they will also suffer when the crash takes place.
The initial strong negative reaction can take between 3-6 days and up to 9 to find some stability and then the smaller or the ALTSBTC pairs can recover and grow while the standard market correction develops in a time-window of 1-3 months.
Namaste.
Bear volume is the highest since October and the RSI is jumping off a cliff.
These bearish signals can be found all-throughout the financial markets, not only Cryptocurrency.
It is a standard correction what is showing the chart now will happen but it can speed up and change once it starts.
👉 I will continue to share additional information through more charts.
You can visit my profile and find Solana, Ethereum, Chainlink, PolkaDot, Dogecoin, Binance Coin, Polygon and all other major Altcoins looking really weak... The smaller ones are looking better but they will also suffer when the crash takes place.
The initial strong negative reaction can take between 3-6 days and up to 9 to find some stability and then the smaller or the ALTSBTC pairs can recover and grow while the standard market correction develops in a time-window of 1-3 months.
Namaste.
Note
We have a lower high confirmed based on the Bitcoin Spot "The Merge" ETF Hype.Total market-wide correction from current levels can result in 20-28%. This can translate into 35-60% (red/drop/lower) for individual projects/Altcoins/pairs.
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