Compared to BTC, the ALCH coin is stronger. The price is rising while bitcoin is falling and this gives us an advantage: big money is interested in ALCH.
The coin has been in consolidation for the last few days. The zone of interest from D1 0.1786 is not yet reached. A false break of support could change the liquidity imbalance to a buyer's side, which would allow for continued growth
Scenario:
Trading range amid bullish trend. Price is testing the support. Possible false breakdown of 0.1321 support (technical pullback or correction) before continuing growth. In our case, the entry will be on the trend, and at favorable market conditions.
❤️ Telegram channel: t.me/AndeWave
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.