TOTAL 3 Update - Aug 15 2024
in the previous analysis it was stated that 565B is an important level and losing this level can lead to touching much lower levels, something that actually took place and #TOTAL3 touched 470B as well !
The recent choppy upward move in #BTC and the rest of the market was most probably a retest of the broken key levels and we can see that just like BTC's case, TOTAL3 has failed to push above the supply zone.
Since BTC is probably heading for 50,000 low again, TOTAL3 will also dump. 4H close below 546B level shall be a further confirmation for the downward move.
The recent choppy upward move in #BTC and the rest of the market was most probably a retest of the broken key levels and we can see that just like BTC's case, TOTAL3 has failed to push above the supply zone.
Since BTC is probably heading for 50,000 low again, TOTAL3 will also dump. 4H close below 546B level shall be a further confirmation for the downward move.
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