The total cryptocurrency market cap is consolidating within a symmetrical triangle pattern, currently trading above the support trendline and the Ichimoku Cloud.
However, the 100MA is acting as a resistance barrier. A successful breakout or breakdown of the pattern is needed to confirm the next directional move.
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#Crypto Downturn: Hold or Sell?
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a symmetrical triangle pattern, currently trading above the support trendline and the Ichimoku Cloud.
However, the 100MA is acting as a resistance barrier. A successful breakout or breakdown of the pattern is needed to confirm the next directional move.