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
