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?
I have noticed this one with cardano. I am not sure if I’m reading your thoughts correct but ADA seems to behave like this a lot of times now. It is nicely pumping all the time even though we had a crash a day ago. Then also ADA is standing clear and moving upwards with just little down trend (your micro accumulation zone). Obviously i am speaking about ADA because I am focusing on that trade these days but this change can be observed on many other coins too.