How to spot accumulation zones after a pump?
How to spot accumulation zones after a pump?
I’m starting to notice that coins, after a strong upward move, do not draw a “pump and dump chart” anymore, like they were doing years ago, instead, they consolidate into a certain price range, and then they could pump even more.
It’s like micro-accumulation zones are formed after an upward movement, that allows the price to continue its rise; the worst scenario is just a little retracement, so, my question is, are there any indicators or volume patterns that could help to spot such accumulation zones?
It is more as you are going to study the waves movement for what you are asking for. The waves like Elliott can direct you or price action to have a clue to what is happening in the market for you to prepare your mind either for a breakout or continued ranging.