Crypto Total Market Cap (TOTAL) – 4-Hour Time Frame Analysis
The chart displays a well-defined Bullish Harmonic Bat Pattern, with the final leg (D point) now complete, suggesting a potential reversal to the upside.
Current market cap is at $3.25 trillion.
Based on the harmonic completion at point D, the market shows bullish potential from here, with the next projected move toward $3.5 trillion.
If momentum sustains, the total market cap could extend further toward the $5 trillion mark, as projected by the yellow upward trajectory.
Key Fibonacci Levels in the Pattern:
AB retracement ≈ 38.2%
BC extension ≈ 124.3%
CD retracement completes around 88.6% of XA leg, confirming a valid Bat pattern.
RSI (14) Indicator:
RSI is currently at 65.39, indicating strengthening bullish momentum but not yet overbought.
Multiple Bullish RSI divergence signals have emerged from March through June, reinforcing upward bias.
Conclusion:
This harmonic structure suggests a strong reversal zone has been tested. A sustained break above the recent highs could confirm bullish continuation, possibly targeting multi-trillion market levels in the upcoming sessions.
Current market cap is at $3.25 trillion.
Based on the harmonic completion at point D, the market shows bullish potential from here, with the next projected move toward $3.5 trillion.
If momentum sustains, the total market cap could extend further toward the $5 trillion mark, as projected by the yellow upward trajectory.
Key Fibonacci Levels in the Pattern:
AB retracement ≈ 38.2%
BC extension ≈ 124.3%
CD retracement completes around 88.6% of XA leg, confirming a valid Bat pattern.
RSI (14) Indicator:
RSI is currently at 65.39, indicating strengthening bullish momentum but not yet overbought.
Multiple Bullish RSI divergence signals have emerged from March through June, reinforcing upward bias.
Conclusion:
This harmonic structure suggests a strong reversal zone has been tested. A sustained break above the recent highs could confirm bullish continuation, possibly targeting multi-trillion market levels in the upcoming sessions.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.