Change of Behavior on LOW CAP CRYPTO INDEX

WYCKOFF STORY

1. Supply comes in but it is quickly absorbed. A trading range starts.

2.Shakeout and successful test. Phase C is completed.

3. Supply is still present on the top half of the range, but it’s quickly absorbed. The uptrend starts.

At point 4 supply comes in on the overbought line of the uptrend channel, a danger point. However, price holds and a test as a higher high on low volume indicate that buyers are accepting higher prices.

[5] Price accelerate to the upside, climactic move. Change of Behavior.

TACTICS: The uptrend has ended, we are now consolidating. At point [5] the highest supply signature since the beginning of the uptrend suggests that we will likely revisit the support.

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