🔷️ The Wyckoff Accumulation Structure pattern, which we previously discussed for $DOT on the weekly timeframe, is still intact. Since there has been no breakdown in the formation, the positive outlook remains valid. According to Fibonacci levels, key levels to monitor are indicated by yellow lines.
🔹 Positive Indicators:
RSI (Relative Strength Index): Rising from neutral towards positive levels on the weekly timeframe, indicating continued accumulation.
MACD (Moving Average Convergence Divergence): MACD line is close to the signal line, potentially signaling an upcoming upward movement.
Volume: While volume has fluctuated during the formation, overall buying activity supports the pattern.
Fibonacci Levels: The yellow lines mark significant resistance and support levels technically.
⚠️ Negative Indicators:
Stochastic Oscillator: Has not clearly moved into overbought or oversold zones yet, so momentum remains uncertain.
Moving Averages: Price is trading near critical moving averages; sudden breaks could increase volatility.
OBV (On-Balance Volume): While volume indicators support the formation, volume fluctuations should be monitored.
⚠️ This is not investment advice.
