VIP MARKET UPDATE: $TOTAL MARKET CAP As we have seen T | Free odds stake

VIP MARKET UPDATE: $TOTAL MARKET CAP

As we have seen Total market cap broke down head and shoulder pattern and almost hit it's target on 1D TF.

Currently it is making lower lows and higher lows and consolidating in a symmetrical triangle below the horizontal resistance.

Here breakdown of symmetrical triangle is the confirmation of further bearish trend in the market, while a breakout is the confirmation of bull trend in the market.

Some further price action will confirm the direction of the market as currently we are in a contraction phase and market has to do expansion and it can be in both directions, depending upon the breakout and breakdown.

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