ALPINE/USDT (Update) - 7,95 surpassed opening 20 areaALPINE/USDT (Update) - 7,95 surpassed opening 20 area
previous analysis: www.tradingview.com
Key level :
3,90 is the overlap of the first impulsive move started from the bottom and it is also a resistance graphical area where the market was capped during the wave B - it is also a ABC wave target (fibo + retracement on the short-term)
6,10 is the invalidation level from the triangle bullish exit + auto similar action/reaction in case of setback (max setback potential before bounce - regular ratio is at 7,80
As long as 6,10 remains key support the market will skyrocket to 20.00 (potential buy back at 7,80) intermdiate resistance at 12,50 (where the setback can occur)
Enjoy
