Others.D Bullish Accumulation
Key Observations on the Chart:
Triangle Pattern:
A descending triangle is forming, indicating potential for a breakout.
The price is near equilibrium, meaning a strong move is imminent.
Falling Wedge Formation (Bullish Reversal Pattern):
The pattern near strong support suggests a bullish breakout is likely.
Buy and Sell Signals:
Buy Zones: Identified near support areas (blue & green zones).
Sell Zones: Located at major resistances (red zones).
The indicators confirm buy and sell entries at key levels.
Key Support and Resistance Levels:
Support at ~7.12% & 4.62% dominance (strong historical demand zone).
Resistance at ~12-14% dominance (historical rejection zones).
Indicators:
Stochastic RSI: Overbought levels indicate sell-off risks, while oversold levels confirm buy opportunities.
Momentum Indicators: Show potential trend reversal near strong support.
Precise Buy and Sell Zones for Altcoins:
🔵 Buy Zones (Accumulation Areas)
Between 8% - 9% dominance
Alts are undervalued at this level.
Look for bullish confirmations like RSI recovery and volume increase.
Strong Buy Zone: 7.12% - 4.62% dominance
Historically strong demand zone.
Best long-term accumulation for altcoins.
🔴 Sell Zones (Distribution Areas)
Short-Term Resistance at 10% - 11% dominance
If price rejects this level, take profits.
Major Resistance at 12% - 14% dominance
Historically strong selling pressure.
If altcoin dominance reaches these levels, start scaling out.
Final Target: 19.54% dominance
If altcoins pump aggressively, this is the ultimate exit zone.
Summary
Current Trend: Sideways consolidation within a triangle pattern.
Next Move: Expect a breakout (likely bullish).
Buy Areas: 7.12% - 9% dominance for long-term accumulation.
Sell Areas: 12% - 14% dominance for profit-taking.
Long-Term Target: 19.54% dominance (if altcoins rally strongly).
Triangle Pattern:
A descending triangle is forming, indicating potential for a breakout.
The price is near equilibrium, meaning a strong move is imminent.
Falling Wedge Formation (Bullish Reversal Pattern):
The pattern near strong support suggests a bullish breakout is likely.
Buy and Sell Signals:
Buy Zones: Identified near support areas (blue & green zones).
Sell Zones: Located at major resistances (red zones).
The indicators confirm buy and sell entries at key levels.
Key Support and Resistance Levels:
Support at ~7.12% & 4.62% dominance (strong historical demand zone).
Resistance at ~12-14% dominance (historical rejection zones).
Indicators:
Stochastic RSI: Overbought levels indicate sell-off risks, while oversold levels confirm buy opportunities.
Momentum Indicators: Show potential trend reversal near strong support.
Precise Buy and Sell Zones for Altcoins:
🔵 Buy Zones (Accumulation Areas)
Between 8% - 9% dominance
Alts are undervalued at this level.
Look for bullish confirmations like RSI recovery and volume increase.
Strong Buy Zone: 7.12% - 4.62% dominance
Historically strong demand zone.
Best long-term accumulation for altcoins.
🔴 Sell Zones (Distribution Areas)
Short-Term Resistance at 10% - 11% dominance
If price rejects this level, take profits.
Major Resistance at 12% - 14% dominance
Historically strong selling pressure.
If altcoin dominance reaches these levels, start scaling out.
Final Target: 19.54% dominance
If altcoins pump aggressively, this is the ultimate exit zone.
Summary
Current Trend: Sideways consolidation within a triangle pattern.
Next Move: Expect a breakout (likely bullish).
Buy Areas: 7.12% - 9% dominance for long-term accumulation.
Sell Areas: 12% - 14% dominance for profit-taking.
Long-Term Target: 19.54% dominance (if altcoins rally strongly).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.