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).
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.