#OTHERS $OTHERS
The dominance of OTHERS on higher time frames looks solid. The price continues to move within a wedge, holding up better than many other metrics, and still maintains a chance to break out upwards. This indicates that capital in small and mid-cap alts is not completely dead, and the market is still trying to keep interest in this segment.
But there's no euphoria here either. The key point right now is the EMA 200 zone on this time frame. If OTHERS.D can hold above it and continues to squeeze towards the upper part of the wedge, then the path for further growth and testing the upper levels will open up. However, if it fails to hold, we might start seeing the formation of a right shoulder in a potential head and shoulders pattern. This means the structure will still be bullish in theory, but before continuing the growth, the market might first pull back to gather liquidity below.
So, the situation here is not weak, but it's not definitively bullish either. As long as the wedge is alive, small caps still have a chance. But losing the EMA 200 and dropping deeper into the structure would hint at a prolonged pause and the building of a more complex formation before the next impulse.
The dominance of OTHERS on higher time frames looks solid. The price continues to move within a wedge, holding up better than many other metrics, and still maintains a chance to break out upwards. This indicates that capital in small and mid-cap alts is not completely dead, and the market is still trying to keep interest in this segment.
But there's no euphoria here either. The key point right now is the EMA 200 zone on this time frame. If OTHERS.D can hold above it and continues to squeeze towards the upper part of the wedge, then the path for further growth and testing the upper levels will open up. However, if it fails to hold, we might start seeing the formation of a right shoulder in a potential head and shoulders pattern. This means the structure will still be bullish in theory, but before continuing the growth, the market might first pull back to gather liquidity below.
So, the situation here is not weak, but it's not definitively bullish either. As long as the wedge is alive, small caps still have a chance. But losing the EMA 200 and dropping deeper into the structure would hint at a prolonged pause and the building of a more complex formation before the next impulse.