ALTUSDT.P trade ideas
ALTUSDT | Preparing for Another Leg Down?Market Context
Bitcoin’s downward trend suggests we might see more bearish action in the coming weeks. As BTC drops, the ripple effect is likely to hit the entire market, making ALTUSDT a prime candidate for further declines.
Chart Analysis
• BTC Influence: Bitcoin is leading the market downwards, and ALTUSDT is poised to follow.
• Bearish Indicators: Technical indicators and market sentiment are aligning to signal more downside for ALTUSDT.
Strategy
I’m going short on ALTUSDT, betting on another leg down. The current market conditions provide a solid setup for this move.
Action Plan
Entering a short position on ALTUSDT to capitalize on the expected bearish trend. Let’s see if this theory holds true and delivers some solid gains on the downside.
Let’s catch this wave down together! 📉🔥
a pqtternThe movement pattern of the currency is similar to the rectangle pattern (yellow pattern).
Green support floor and middle line resistance roofs and pattern roof.
A solid break of the floor can be a short position.
Crossing the black line in the middle of the pattern
can also form a reverse head & shoulder pattern.
Alt/Usdt mid term trading plan! Hello traders! as I mentioned on the chart Current level needs to hold or at least action should stay in triangle otherwise alt coin may explore new bottom around $0.2 range something. Lately binance pumping new altcoins right and left and almost all of them lost 50%+ of their value. Almost everybody investing in the them on the long term at a major loss. I guess new Binance CEO needs to try jail as well otherwise they don't get it. Circulated coins seems very low compared to total amount of coins will be on the market and even with their small circulated coins at the market , they can't perform well. One positive thing is BTC at the moment. Btc's weekly chart looks super bullish on weekly so soon we may resume towards 80k range. it could be a week or 2 but it looks like it is going to happen. In the mean time Binance's bots hurting people whoever investing in their new alt coins. I can't believe im saying this but It is almost better to invest in dino small market cap alt coins such as xvg(verge),eos (*no more big airdrop or distributions)rather than their new coins. yes you may get lucky on the short term but on the long term they keep adding larger amounts of new coins in the circulation at once. Larger distribution depleting the coin and stealing money from your pocket!
Currently 2 Possible entry points and both of them are risky! Very Risky trade and possible big rewards or loss!
AltLayer: reALT is a good thing to ownAltLayer is a decentralized protocol that provides a platform for launching and scaling customized blockchains called rollups.
These rollups are separate execution environments that inherit the security of their underlying base layer (like Ethereum) while offering faster transaction speeds and lower fees.
Since the token was airdropped, price has been sideways, forming what looks like a weekly accumulation pattern. Daily chart is now trending up for a while, and suggests we can get a hefty move up from this range next if it gets follow through.
You can hold and stake, and restake your ALT tokens here: stake.altlayer.io
This will give you reward from staking plus potential airdrops over time.
Definitely an interesting project to be invested in.
Best of luck!
Cheers,
Ivan Labrie.
My outlook for ALT layer My outlook for ALT|USDT
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction.
Short term $alt (altlayer) prediction!45% possible gains!Hello Traders,
Another short term possible prediction.... I am expecting possible breakout on the short term. Daily chart seems like repeating the previously formed pattern.I will update this cart as we go.
So far NASDAQ:ALT is able close daily above Ema20 which is also very positive sign at the moment!
Btc need to be watched all the times. Btc going either direction at the full speed could possibly change the outcome for the whole altcoin world in a good or bad way!
$ALT road to $1 👀Hi.
BINANCE:ALTUSDT
Today, I want to analyze ALT for you in a 6H time frame so that we can have a SHORT-term view of ALT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 AB=CD
🟢Ascending Triangle
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🔥 ALT Bullish Channel Signal: Patience!In this analysis I want to take a closer look at ALT and the bullish channel it appears to be trading in.
To maximize potential gains (and chances for a bullish reversal), I'm going to wait for the price to reach the bottom support. If BTC reverses in the near future it might be the case that the entry won't be hit, which is fine.
Entry is placed at 0.52 for now, but will be around the bottom support when it's reached.
ALT (Altlayer) is getting ready for a BIG PUMP! Do Not Miss it ALT (Altlayer) is getting ready for a jump.
You'll see it soon at 1$.
See My Chart, as soon as my Slant Support (Yellow Line) is claimed then the next target after breaking its ATH (All Time High) is my White Coss and after that the above marked Roof Tops (Blue Horizontal Lines) are expected targets, once ALT will swim in new waters.
BINANCE:ALTUSDT
ALTUSDT.PHello Trader BINANCE:ALTUSDT.P
It's a bit annoying, but for short scalping it's good, short the small resistance area of 0.60405 - 0.61295.
take profit 11%
stop loss 2.6%
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Disclamer: Not Financial Advice