ALICEBUSD
ALICEBUSD (ALICE) - BULLISH SETUP ANALYSIS 🔎
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
- Price hit a swing high and retraced (right shoulder formation).
- Price is testing the horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The minor retracement at the right shoulder is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Neckline resistance (NR).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below 0.786 fibonacci retracement level.
- Final invalidation : breakdown below previous swing low horizontal support level (S2).
ALICEBUSD (ALICE) - BULLISH SETUP ANALYSIS 🔎
- ALICEBUSD brokeout above the double bottom (DB) neckline resistance (NR).
- The market hit a swing high and retraced.
- Price is retesting the neckline resistance (NR) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There is a relatively high concentration of buyers at the retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance (DTR).
- A breakout above the descending trendline resistance (DTR) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
ALICEBUSD (ALICE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ALICEBUSD brokeout above the double bottom (DB) neckline resistance (NR).
- The market hit a swing high and retraced.
- Price is retesting the neckline resistance (NR) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There is a relatively high concentration of buyers at the retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance (DTR).
- A breakout above the descending trendline resistance (DTR) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR) and the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
ALICE/BUSD BINANCEALICE/BUSD BINANCE
30' hollow candlesticks.
After Binance Launchpad public token sale a huge dump followed.
Still too early for TA, but there are a few things to say about this project.
We have a strong support level of 13$.
The bar pattern shows possible movement for the next hours.
Multiple support and resistance levels shown as horizontal lines.
High volume.
At the current price, we have a nice entry point, with huge potential.
MyNeighborAlice Price (ALICE) = $13.64 -10.39%
0.0002379 BTC7.21%
0.007621 ETH6.95%
Good Luck
CryptoHellas Team