Altusdtbuy
ALTUSDT: Trend Shifting to BullishALTUSDT technical analysis update
ALT price has broken the double bottom neckline resistance with high volume and has successfully retested. The price is now moving bullish toward the next target, though it may consolidate sideways before continuing upward.
Target1: $0.160
Target 2: $0.285
ALT/USDT Breakout alert!!, Indicating continue the upward trend!💎 ALT has recently encountered significant market dynamics, particularly with a breakout of the descending channel pattern.
💎 This breakout suggests a potential continuation of the upward movement, aligning with the prevailing bullish trend characterized by higher highs and higher lows.
💎 With this breakout, ALT may continue its upward trajectory and probability reach new higher highs, particularly targeting levels indicated by Fibonacci retracement.
💎 However, if ALT fails to sustain its upward momentum and does not continue upward, there's a possibility that the price may retreat and retest the support area to gather another momentum.
💎 When ALT reaches the support area, it's crucial for it to bounce, as this area holds considerable importance. Failure to bounce and a subsequent breakdown below the support could signal a shift in momentum, potentially leading to a bearish trend reversal.
ALTUSDT Inverse Head and Shoulder Pattern.ALTUSDT Technical analysis update
ALT formed an inverse head and shoulders pattern and price broke its neckline with high volume, indicating a potential upward move.
Buy zone : Below $0.388
Stop loss : $0.360
Take Profit 1: $0.410
Take Profit 2: $0.462
Take Profit 3: $0.550
Regards
Hexa