NYSE:ALEX reached a height of $0.54 and has currently retraced 45% to its current level at 0.34
Two things can happen!
NYSE:ALEX can continue retracing to find a major support at $0.25 (perfect buy the dip opportunity) OR
#ALEX price action can bounce off its current channel support to find resistances: 0.42, 0.54 and possibly price discovery at 0.69,...
NYSE:ALEX Alex price action has been on a tear for weeks and is currently printing a channel.
Current Price: 0.38
Decision point!
Will NYSE:ALEX continue to higher prices. Above Resistances:0.42, 0.48, 0.54, 0.60
Or is it time for Retracement? Bearish Divergence on the weekly timeframe.
Supports: 0.30, 0.25 0.20 (Dip buying opportunities)
NYSE:ALEX Alex's price action has been retracing... Following Bitcoin's Retracement! Currently forming a Descending Triangle.
Current Price: 0.26
#ALEX Up Resistances: 0.3, 0.42, 0.48, 0.54, 0.62
Buy the Dip Areas/ Supports: 0.25, 0.20
NYSE:ALEX ALex's price action has had a bullish thrust upwards... Following Bitcoin's Strength!
Price is currently forming a Broadening WEdge.
Current Price: 0.35
#ALEX Break down from Wedge will make for Buy the dip levels at supports: 0.3, 0.25, 0.20
A continues Thrust upwards will lead to resistances at 0.42 up to 0.62
NYSE:ALEX Alex lab... The first defi service built on bitcoin
All time high: 0.25 (from charts)
#alex Current price: 0.073
Also currently breaking out of falling channel.
Low risk spot buy!
ALEX in a nice trading range
Plan A / Plan B on chart - set alerts to be notified for entry
Market Cap: 49.6M
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
Hello everyone,
I hope you are all doing well!
In this analysis, we have are moving inside a huge channel and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $31.
There is possibility of more bad news and break lower. The lowest point would be between $16 and $14 and from then on, we would rise back up...
AUDUSD seems like its continuing its trend back down. After creating a lower low and a failing to create a new high, we can now expect AUDUSD to drop lower to around 0.70000. Currently I'm already in this pair as a bullish trendline is broken. Let's hope this drops quick with little consolidation.
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