In this technical analysis, I looked at the Crypto TOTAL MarketCap chart to determine its future targets.
If we consider the starting point of Gann Box Tool on October 1, 2015 and the point of 0.236 in January 2018, we see that the point of 0.382 in April 2019 indicates the beginning of the uptrend. After that, we started a time correction until we reached the point of 0.5 in March 2020 and until the end of the point of 0.618, which coincides with the date of April 2021, we saw a strong uptrend.
Then we had a price correction that lasted until July 20, 2021, and after that we saw the price grow to the previous ATH.
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For the coming months, I expect the index to reach the internal 0.618 gann box range after a short-term correction above 1.9 trillion, which is in March 2022.
After that, I expect the index to grow to 4 or 7 or 11 Trillion dollar, which is in the second half of 2022.
A long-term target for 2025 to 2027 is also available, around 29 trillion dollar, set by Fibonacci at level 1.618.
If we consider the starting point of Gann Box Tool on October 1, 2015 and the point of 0.236 in January 2018, we see that the point of 0.382 in April 2019 indicates the beginning of the uptrend. After that, we started a time correction until we reached the point of 0.5 in March 2020 and until the end of the point of 0.618, which coincides with the date of April 2021, we saw a strong uptrend.
Then we had a price correction that lasted until July 20, 2021, and after that we saw the price grow to the previous ATH.
=================================
For the coming months, I expect the index to reach the internal 0.618 gann box range after a short-term correction above 1.9 trillion, which is in March 2022.
After that, I expect the index to grow to 4 or 7 or 11 Trillion dollar, which is in the second half of 2022.
A long-term target for 2025 to 2027 is also available, around 29 trillion dollar, set by Fibonacci at level 1.618.
