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ALICE / TetherUS

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ALICEUSDT trade ideas

Have we lost you, ALICE? In my previous analysis (below), I showed how ALICE has been trading above long-term support since March 2021. Despite the brutal drops in BTC’s price, ALICE is still trading above its long-term support, but for how much longer? The updated idea shows the key local support ranges as we approach the long-term support; they are approx every ~$0.50. There has been strong support today at the $11.30 level but it may only be a matter of time until it breaks. From a trading perspective, these local zones can still be traded with tight stop-losses and care. For instance, when BTC was falling toward its 42.5k support a few days ago, ALICE was also falling but found strong support at $11.50 where it quickly rebounded to $12.42, which, if traded would have yielded an 8% profit within an hour. When trading these zones it is worth moving to lower time frames and always looking for confirmation of support before entering a trade. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
by kush23456
2
$ALICE - POSSIBLE BOUNCE INCOMING?We are sitting in the $13 area after a huge run to the $30s. This area is in the lower support rising channel. Under $12 this channel is invalidated. $ALICE has had multiple events of huge runs where it has doubled or even tripled in value. Could we be seeing another test towards All time Highs in The Future? This could be interesting to see. Let me know what you all think in the comments below. If you agree, like the post to let me know!
Long
by Smarter_Trades
My neighbor Alice plays her music too loud“But that’s just the trouble with me. I give myself very good advice, but I very seldom follow it.” Alice, in Wonderland My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. It looks like a clean, fun little game in the vein of Animal Crossing, with avatars, virtual assets and the ability to purchase and trade NFTs. It employs ALICE as its native token and is expected to be fully released sometime this year. The Chart Purple lines are monthly support/resistance close structures, and black lines are very high timeframe close structures. When this was listed it appears that it went from .10 to 60.00. Thus the logarithmic chart of ALICE is dizzyingly scary and gives me the impression that this is already in a giant bubble. That being said, I actually think this is in an accumulation range. It looks to be consolidating upwards, but I would not be deceived by that. I would buy any time price dives back into bottom quarter of the accumulation box, with a probable bounce next at around 7.00. Ultimately I would expect a retest of the 4.00 low and perhaps it even gets sweeped before the markup phase ala SHIB. I won't speculate as to how high this goes, as it depends on the length of the accumulation among other factors. I personally would take my profits at the top of the accumulation box if an order gets filled in the 7.00 range and we get a bounce. If we travel to the very bottom of it again however and you get filled down there, this may be worth hodling until we get a breakout and a solid doubling of the accumulation box - at 36.70 - or at most a tripling at 53.00. That would be a 530x from listing price. The fact is that until the NFT bubble pops, we will continue to see progressively insane levels of asset valuations in this sector. Because hey... we're all a little mad here.
by ClearOpenDoor
1