Aliceusdt
$ALICE/USDT 12h (Binance Futures) Descending trendline breakoutMyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern.
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
ALICE WILL DANCE ITS WAY UPThere is a golden cross.
RSI beckons a positive move.
EMA50 is a strong support.
EMA30 is a resistance area for now.
Volume is strong.
Resistance zones are in red, and support zones are in green. Plus, some resistance areas are minor and some are major. If you look at the price action history, you will pick up on that.
CAUTION: Open a trade after a candle closes above 15.30.
Targets are: 17.28, 18.31, 21.3
ALICE/USDT. Nice chance to purchase itHi everyone!
Let’s talk about another pair – ALICE/USDT. So today, we have strong price level located at $15.4068. Moreover we can notice that there are three time price tried to break out this powerful level. If today bar is close above this level at the end of the trading day it will hint us that we should buy this asset because of ALICE could grow up in the nearest future.
#Alice, #MyNeighborAlice Breaking Out of the Wedge?A quick look at #MyNeighborAlice (#ALICEUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 28 with a solid increase in volume.
We should now wait for a confirmation.
First available support is at the $11.70 level.
If you want to read more about MyNeighborAlice on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
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Thank you and Happy trading!
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Some of my charts represent actual trades, and some are paper trading. Needless to say, this is not financial advice!
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