Altusdtlong
#ALT/USDT#ALT
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it was broken upwards
We have a bounce from the lower limit of the channel at a price of 0.07177
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.09400
First target 0.14500
Second target 0.1879
Third target 0.27000
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 IDEA Alt/USDT
The market structure appears to be transitioning towards a bullish trend. The breakout from the trendline has already been confirmed, indicating a potential uptrend. It is currently undergoing a retest, and if this retest is successful, we may anticipate a significant bullish rally. There is a possibility that the price could surge up to $1 during this leg up. However, it is important to note that this information is not financial advice and should be considered for educational or informational purposes only.
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