Multiple Reaccumulation Structures on TRIAS USDT pair.
Price action for a micro cap has been surprisingly well behaved. Beautiful initial reaccumulation with very pronounced creek and spring action followed by successful retest/confirmation.
BU/LPS formed perfectly out of a reaccumulatuion after decline on smaller time frame again followed by a spring action and break out after multiple retests.
Price entered short term trending condition before going parabolic into the overbought condition followed by stopping action.
Anticipations for this structure so far are a stepping stone style reaccumulation phase.
Looking for the next test of 13 dollars to start forming a bias.
Can see the price action maturing along with the growth of the market cap. Beautiful stuff
Price action for a micro cap has been surprisingly well behaved. Beautiful initial reaccumulation with very pronounced creek and spring action followed by successful retest/confirmation.
BU/LPS formed perfectly out of a reaccumulatuion after decline on smaller time frame again followed by a spring action and break out after multiple retests.
Price entered short term trending condition before going parabolic into the overbought condition followed by stopping action.
Anticipations for this structure so far are a stepping stone style reaccumulation phase.
Looking for the next test of 13 dollars to start forming a bias.
Can see the price action maturing along with the growth of the market cap. Beautiful stuff
I do expect to see some kind of larger structure form if we do not continue the trend