Alice
ALICEUSDT Bullish Projection Still valid After BreakoutHaving confirmed the breakout from the previous bearish trend and the market currently on a reasonably dependable support zone, ALICE is still expected to continue going long even after the initial spike observed yesterday. See the chart for projected direction of the market.
$ALICE/USDT 90m (Binance Futures) Falling wedge breakoutMyNeighborAlice seems to be ready for another big move up after that bullish breakout!
Current Price= 12.365
Buy Entry = 12.272 - 11.970
Take Profit= 13.296 | 14.437 | 16.604
Stop Loss= 11.336
Risk/Reward= 1:1.5 | 1:2.95 | 1:5.71
Expected Profit= +29.07% | +57.33% | +110.97%
Possible Loss= -19.44%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
ALICEUSDT 4H long setup; Retest of broken desc parallel channelTA explained
ALICE broke out of the descending parallel channel. Currently in a pullback. A retest of the W-neckline can be expected and the entry zone is positioned between the 0.5 and 0.786 fib levels of the latest impulsive move.
Trade setup
Best entries: 12.910 - 13.758
TP1: 15.181
TP2: 17.477
TP3: 20.645
SL: 12.023
RR: 5.61
Max leverage: 2x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Bullish Reversal (Head & Shoulders) For CHRUSD (Chromia)A Head & Shoulders is starting to play out on 4H TF on CHRUSD. The H&S pattern is yet to be validated when price closes above the neckline.
Head& Shoulders are one of the most profitable patterns in markets!
Chromia has a relatively small market cap of $170 million at the time of writing.
Technical insight:
On the Daily TF you can see the big move was accompanied with big volume .
CHR is getting attention of bulls, however price is currently testing somewhat resistance.
Resistance looks weak comparing it with the pump:
Good pump with good volume. Looking at the overall volume in this market, the majority is buying despite the recent big drop.
Small Fundamental insight:
Chromia is a blockchain for building dApps & to create NFTs.
Blockchains with support for NFT development have been exploding recent weeks, now they're consolidating, which is a good sign.
Maybe you know the token ALICE ?
The token got listed on Binance and skyrocketed 25.000% (!) on its listing which created alot of attention around this token.
The reason I mention ALICE is that it is built using the Chromia platform.
It is a multiplayer blockchain builder game, where anyone can buy and own virtual islands and collect exciting items in the form of NFTs.
ALICE has a market cap of $270 million at the time of writing and I see Chromia growing towards that direction, which would be an increase of around 58%.
Feel free to add any suggestions/feedback!
🔥 ALICE Triangle Break OutAfter a tumultuous first week after listing, where ALICE saw huge volatility, it appears that ALICE is slowly recovering and making its way up.
on the chart I've found a clear triangle which the price has been following. Since this morning, ALICE appears to have broken out from this triangle, potentially starting a new bullish period.
Since the volatility for this coin has been huge in the recent past, I'm expecting a lot of strong gains for this asset, assuming the new bull-run will start. We might target $30 or so.
Happy trading!
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.