📈 Daily TA: Crypto Total Market Cap/USD

Hello, dear members of LeoFinance!

The chart of the total Crypto Market Capitalization has been recently fluctuating in a Symmetrical Triangle in the 4-hour chart (4H): Theoretically, a Symmetrical Triangle occurs when the price of an asset is consolidating. Hence, the crypto market is in some kind of a consolidation phase.

Nevertheless, many traders consider Symmetrical Triangles to be a trend continuation pattern. That's why it is highly probable that the price chart will exit the triangle and resume the uptrend.

To be continued ...

As of the time of writing, the total Crypto Market Capitalization is approximately $1 trillion, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 14,5 years, and as a cryptocurrency analyst for the last 3,5 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Crypto Total Market Cap/USD | 18-01-2021