Total crypto market cap just gave us a clean technical setup on the monthly chart.
Using Heikin Ashi candles, we've broken out above the diagonal trendline and successfully back-tested it multiple times without breaking down. Two consecutive green monthly closes now confirm momentum is turning bullish.
This is a macro trend signal. When the total market cap holds structure like this on longer timeframes, it usually means we're early in a sustained move higher. Not a short-term tradeâthis is positioning for a broader bull phase.
Risk/reward here favors longs. Watch for any failure to hold the trendline on a monthly close, but until then, the path of least resistance is up. đ
Using Heikin Ashi candles, we've broken out above the diagonal trendline and successfully back-tested it multiple times without breaking down. Two consecutive green monthly closes now confirm momentum is turning bullish.
This is a macro trend signal. When the total market cap holds structure like this on longer timeframes, it usually means we're early in a sustained move higher. Not a short-term tradeâthis is positioning for a broader bull phase.
Risk/reward here favors longs. Watch for any failure to hold the trendline on a monthly close, but until then, the path of least resistance is up. đ