$OTHERS.D Altcoin Dominance

15 Min Chart Analysis + Alpha
OK, so we know that the yellow 200MA is important in bullish or bearish momentum.
Price action below the 200MA is bearish.
Price action above the 200MA's is bullish.
Keep in mind that there are many timeframes and 200MA's to consider.
The higher timeframes are more reliable. The bullish momentum begins in the 1min 200MA.
The picture below is the 15 min chart. Notice how the hashed pink line, which is the trigger line to the inverse head and shoulder reversal pattern, is lining up with the 200MA?
Price action needs to get back above the trigger line and the 15 min 200MA.
If price action can get back above the yellow 200MA, it would likely send price to the 1hr 200MA.
Price action is still above the 4hr 200MA, which is a bullish signal in the near term.
Pink Inverse Head and Shoulder Target
1) 7.90%
If price action can get above the 1hr 200MA, this could signal more money flowing into Altcoins.
NFA, DYOR ⚠️
#Crypto # Trading #Altseason