ALICE setting up for potential breakout!
Diupdate
ALICE is at a point that has been a critical level of support and resistance in the past. If you look at chart history, you will notice the following:
- Mid May 2021 we lost out $9.5 level of support that turned into a level of resistance until the end of July 2021.
- Upon breaking that level of resistance on the end of July 2021 $11.10 has been a level of support.
- On the 4 hour chart you will also notice that we have retested the $11.50 level twice. This level also happens to be at the 0.382 level when you draw a Fib Retracement line from the bottom of the current trend to the highest high of the current trend. he At the time of publishing this idea we are in an uptrend.
If we maintain the current trend and break the $13.20 (0.236 levels on Fib retracement) and 20 day EMA, we can wait for a retest and take an entry anywhere from $12.90 - 13.50.
Take profit targets would be $14, $15 and $16.50.
- Mid May 2021 we lost out $9.5 level of support that turned into a level of resistance until the end of July 2021.
- Upon breaking that level of resistance on the end of July 2021 $11.10 has been a level of support.
- On the 4 hour chart you will also notice that we have retested the $11.50 level twice. This level also happens to be at the 0.382 level when you draw a Fib Retracement line from the bottom of the current trend to the highest high of the current trend. he At the time of publishing this idea we are in an uptrend.
If we maintain the current trend and break the $13.20 (0.236 levels on Fib retracement) and 20 day EMA, we can wait for a retest and take an entry anywhere from $12.90 - 13.50.
Take profit targets would be $14, $15 and $16.50.
Trading ditutup: target tercapai
All Targets reached. Will look for new entries on HOT since the coin seems to show potential for growth.
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