Altlayer (ALT) 80% Bullflag extension
On the above chart price action has corrected 30% since late September. A number of reasons now favour a long position, including:
1) Price action and RSI resistance breakouts.
2) Trend reversal. Higher highs higher lows.
3) Support on past resistance. (yellow arrows).
4) The bull flag confirmation forecasts an 80% impulsive move.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: high
Timeframe to long: this week
Return: 80%
1) Price action and RSI resistance breakouts.
2) Trend reversal. Higher highs higher lows.
3) Support on past resistance. (yellow arrows).
4) The bull flag confirmation forecasts an 80% impulsive move.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: high
Timeframe to long: this week
Return: 80%
Trade active
Past resistance confirms support.Note
Time for action.. will emotion allow?
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.