Crypto Market Shows Bullish Pattern
Oct 16, 2024

TOTAL

Crypto market is nicely rising, but we still see some key resistance levels here around 2.3T area for wave (1) of a leading diagonal pattern. If we suddenly see a reversal down, then we are back in the weekly range and we should be aware of a new corrective slow-down in wave (2) before a bullish continuation for wave (3) of a five-wave bullish cycle. However, if we see a strong continuation higher this week above 2.4T area, then bulls could be real, where wave (3) of an impulse can be already in play.

Crypto Market Shows Bullish Pattern Crypto TOTAL Daily Chart
Crypto TOTAL Daily Chart

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Crypto total market cap shows bullish pattern

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