TOTAL Marketcap / Crypto Total Market Cap
TOTAL weekly analysis Week 14 2026. The TOTAL index remains in a bearish environment, but last week’s bullish engulfing candle introduces a corrective bid that may be building a short-term base inside the broader downswing.
- The TOTAL index shows us that last week's candle was a bullish engulfing. Could this possibly be confirming a double bottom and a continuation of our ABC-correction of the larger bearish impulse ?
- This week we could possibly see a bearish retest before continuation.
Market Structure Analysis
From a market structure perspective, our TOTAL weekly analysis focuses on whether the recent bullish engulfing is simply a relief move inside a bearish impulse, or the start of a more organised corrective structure.
A bullish engulfing after a decline often signals a short-term shift in order flow, especially when it forms around a prior swing low region that could act as a double bottom base. However, with Trend still bearish and Phase 1 defined as corrective, the higher-probability reading is that price is attempting to complete an ABC-correction rather than immediately transitioning into a sustained bullish impulse. If a double bottom is forming, confirmation typically comes through a break and hold above the interim swing high (the midpoint between the two lows), while failure would be shown by acceptance back below the base and a continuation of the larger bearish structure.
Key Levels and Scenarios
In this TOTAL weekly analysis, the key decision is whether the market holds the suspected base after any retest. A bearish retest this week can still be constructive if it remains corrective and price quickly reclaims prior support resistance. If the retest breaks down and expands impulsively, it favours continuation of the larger bearish impulse.
- The double bottom base area is the primary structural support zone to hold
- Last week’s bullish engulfing range acts as the immediate “decision zone” for follow-through or failure
- The interim swing high (between the two lows) is the key bullish confirmation level for the corrective leg
- Failure to hold the base shifts bias back to bearish continuation within the broader downswing
This analysis is for informational purposes only and does not constitute financial advice.