Key Observations
Price Action & Trend:
Recent price action shows consolidation between 0.03952 (current level) and 0.04372, indicating potential up side.
Critical Support & Resistance Levels:
Major resistance levels: 0.08000 and 0.11477 (previous breakdown zones).
Market Sentiment:
Consolidation near 0.04095–0.04372 hints at potential exhaustion. Watch for reversal signals (e.g., bullish divergence, volume spikes).
Key Scenarios
Targeting 0.11 first
Bullish signals
1D:
4HR:
1HR:
Price Action & Trend:
Recent price action shows consolidation between 0.03952 (current level) and 0.04372, indicating potential up side.
Critical Support & Resistance Levels:
Major resistance levels: 0.08000 and 0.11477 (previous breakdown zones).
Market Sentiment:
Consolidation near 0.04095–0.04372 hints at potential exhaustion. Watch for reversal signals (e.g., bullish divergence, volume spikes).
Key Scenarios
Targeting 0.11 first
Bullish signals
- Huge falling wedge
1D:
- RSI Oversold
4HR:
- Price / EMA10 bullish cross
- Engulfing candlestick pattern
1HR:
- Doji candlestick pattern
- Long Legged Doji candlestick pattern
- Spinning Top candlestick pattern
Trade active
ALT is breaking the falling wedge.
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.
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.