- On monthly, Alice has failed to break out of the descending channel.
- Flip of previous resistance to a demand zone is healthy to break out and confirm Cup and Handle.
- Green trendline might reject the breakout again as it has done previously with the Inverse HNS completion. Good 75% TP zone.
- Upon completion - Final TP is still at $44.5. Monitor BTC.D.
- BTC.D is on the verge of breaking out and money might flow back to BTC from Alts.
Trade closed: target reached
Nice!Note
Called fractal rejection at $27, hope you took profit.
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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.