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).