Alienbase Short Term Trend Reversal
AlienBase is showing strong signs of a trend reversal as it breaks out of a descending wedge,this breakout is supported by multiple confluences:
- A-B-C Correction Complete: The corrective phase has played out, paving the way for the next impulsive move.
- 50-Day EMA Support: Price has found solid support at the 50-day EMA, further reinforcing the bullish bias.
- Stochastic RSI: The Stoch RSI is crossing upward from oversold territory, signaling growing bullish momentum.
Momentum is building for a potential move toward the $0.50 area. If the breakout sustains with increasing volume, this could mark the beginning of a larger upward trend.
Key Levels to Watch:
Resistance: $0.50 (short-term target)
Support: $0.40 (breakout retest zone)
- A-B-C Correction Complete: The corrective phase has played out, paving the way for the next impulsive move.
- 50-Day EMA Support: Price has found solid support at the 50-day EMA, further reinforcing the bullish bias.
- Stochastic RSI: The Stoch RSI is crossing upward from oversold territory, signaling growing bullish momentum.
Momentum is building for a potential move toward the $0.50 area. If the breakout sustains with increasing volume, this could mark the beginning of a larger upward trend.
Key Levels to Watch:
Resistance: $0.50 (short-term target)
Support: $0.40 (breakout retest zone)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.