AltLayer potential reversalH4 structure is now bullish, it is also potential reversal on higher timeframe. We can entry 30% of capital here and DCA if price makes a pullback.
ALTUSDT.P trade ideas
ALTUSDT.1DThe ALT/USDT chart analysis presents a detailed view of the current market scenario, emphasizing various technical indicators and their implications on the potential market movements. Here's a thorough examination of the displayed data:
Trend Analysis:
The chart exhibits a general downtrend with the price currently at $0.1556, a slight increase by 1.43% from the previous session. The descending resistance line delineated on the chart suggests continued bearish sentiment, restricting any bullish momentum from sustaining.
Support and Resistance Levels:
R1 at $0.1161: This initial resistance level suggests a near-term target for any bullish reversal.
R2 at $0.3048 and R3 at $0.4534: These represent more substantial resistance levels, providing potential future targets should the price momentum shift significantly to the bullish side.
Key Support (S1) at $0.1161: Coinciding with R1, this level acts as a critical pivot area. Its role as both support and resistance emphasizes its importance in upcoming sessions.
Relative Strength Index (RSI):
The RSI at 28.31 indicates an oversold market condition. Typically, this suggests that the market might be due for a reversal or at least a temporary relief rally as sellers might have exhausted their momentum, and buyers could start to see value.
Moving Average Convergence Divergence (MACD):
The MACD line is marginally below the signal line and very close to zero in the histogram. This configuration implies weak momentum with a bearish bias but also suggests that the market is not experiencing strong downward pressure at the moment.
Volume Analysis:
While specific volume data isn't shown, volume is a critical factor in confirming any potential trend reversals or continuations. A pickup in volume alongside a price rise could confirm a bullish reversal, whereas low volume may indicate lack of conviction in the move.
Strategic Trading Advice:
Considering the oversold RSI and the current pricing near a critical support/resistance level (S1/R1 at $0.1161), traders might look for signs of stabilization or a bullish reversal pattern before entering long positions. If entering trades based on this level, setting tight stop-losses just below S1 could help manage risk, especially if the downtrend resumes.
If the price begins to rise, approaching R2, the strategy could shift towards capturing gains at higher resistance levels, particularly if accompanied by increasing volume, indicating a stronger bullish sentiment.
In conclusion, the ALT/USDT pair shows potential for a bullish reversal given the oversold conditions and the critical pivot at $0.1161. However, traders should remain cautious and look for confirmation in price action and volume to support any trading decisions. Always consider the broader market context and adjust strategies dynamically as conditions evolve.
$ALTTry to long position with stop loss around -3.36%
Please DYOR before take a position.
Always use stop loss and manage your own risk !!
Short ALTAlt bounced off the descending trendline and the resistance level. A decline to support level and $0.112 is expected to happen.
ALTUSDT | Preparing for Another Leg Down?Market Context
Bitcoin’s downward trend suggests we might see more bearish action in the coming weeks. As BTC drops, the ripple effect is likely to hit the entire market, making ALTUSDT a prime candidate for further declines.
Chart Analysis
• BTC Influence: Bitcoin is leading the market downwards, and ALTUSDT is poised to follow.
• Bearish Indicators: Technical indicators and market sentiment are aligning to signal more downside for ALTUSDT.
Strategy
I’m going short on ALTUSDT, betting on another leg down. The current market conditions provide a solid setup for this move.
Action Plan
Entering a short position on ALTUSDT to capitalize on the expected bearish trend. Let’s see if this theory holds true and delivers some solid gains on the downside.
Let’s catch this wave down together! 📉🔥
a pqtternThe movement pattern of the currency is similar to the rectangle pattern (yellow pattern).
Green support floor and middle line resistance roofs and pattern roof.
A solid break of the floor can be a short position.
Crossing the black line in the middle of the pattern
can also form a reverse head & shoulder pattern.
ALTUSDT eyes set on more gains?EnF Breakout Strategy signaled BUY on ALTUSDT
See idea for breakout entry, targets and stoploss
Only enter the trade when the price breaks above entry
Check out more on the script:
To get access to this script, DM me
Alt/Usdt mid term trading plan! Hello traders! as I mentioned on the chart Current level needs to hold or at least action should stay in triangle otherwise alt coin may explore new bottom around $0.2 range something. Lately binance pumping new altcoins right and left and almost all of them lost 50%+ of their value. Almost everybody investing in the them on the long term at a major loss. I guess new Binance CEO needs to try jail as well otherwise they don't get it. Circulated coins seems very low compared to total amount of coins will be on the market and even with their small circulated coins at the market , they can't perform well. One positive thing is BTC at the moment. Btc's weekly chart looks super bullish on weekly so soon we may resume towards 80k range. it could be a week or 2 but it looks like it is going to happen. In the mean time Binance's bots hurting people whoever investing in their new alt coins. I can't believe im saying this but It is almost better to invest in dino small market cap alt coins such as xvg(verge),eos (*no more big airdrop or distributions)rather than their new coins. yes you may get lucky on the short term but on the long term they keep adding larger amounts of new coins in the circulation at once. Larger distribution depleting the coin and stealing money from your pocket!
Currently 2 Possible entry points and both of them are risky! Very Risky trade and possible big rewards or loss!
AltLayer: reALT is a good thing to ownAltLayer is a decentralized protocol that provides a platform for launching and scaling customized blockchains called rollups.
These rollups are separate execution environments that inherit the security of their underlying base layer (like Ethereum) while offering faster transaction speeds and lower fees.
Since the token was airdropped, price has been sideways, forming what looks like a weekly accumulation pattern. Daily chart is now trending up for a while, and suggests we can get a hefty move up from this range next if it gets follow through.
You can hold and stake, and restake your ALT tokens here: stake.altlayer.io
This will give you reward from staking plus potential airdrops over time.
Definitely an interesting project to be invested in.
Best of luck!
Cheers,
Ivan Labrie.
ALT is on a support levelWe can notice that many factors are in for ALT to move up again, after a retracement to Fib Level which is also in the same time a support both horizontally and the lower bound of the ascending channel.
altlayer chuvaschov's forkhardly any fundamental reasons for this.
just another tea-leaf eth beta pump
altIt has a small resistance inside the red box. It is possible that the green lines will come. It should be checked there for specific purposes
My outlook for ALT layer My outlook for ALT|USDT
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction.
ALT, bottom confirmation completedThe listing of eigen(eigenlayer) looks set to drive Ethereum's rise.
altlayer is also good based on such a connection with EIGEN, ETH and ALT
Short term $alt (altlayer) prediction!45% possible gains!Hello Traders,
Another short term possible prediction.... I am expecting possible breakout on the short term. Daily chart seems like repeating the previously formed pattern.I will update this cart as we go.
So far NASDAQ:ALT is able close daily above Ema20 which is also very positive sign at the moment!
Btc need to be watched all the times. Btc going either direction at the full speed could possibly change the outcome for the whole altcoin world in a good or bad way!
Long on ALTAlt coin looks amazing.
A clear textbook dragon at an 886 shark.
We look to layer into this one further if we come back down deeper. We are long with 10x.
Follow for updates
$ALT15 Min:
Bullish Strength is strong
Bullish MACD cross
Bullish Tenkan Sen Kijun Sen Cross
Kijun Sen / Price buy
Price / SMA10 bullish cross
Price / EMA10 bullish cross
Price / EMA200 bullish cross
Belt Hold candlestick pattern
1HR:
* ASY Buy signal
ALT longALT bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 0.506 is possible.
$ALT road to $1 👀Hi.
BINANCE:ALTUSDT
Today, I want to analyze ALT for you in a 6H time frame so that we can have a SHORT-term view of ALT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 AB=CD
🟢Ascending Triangle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ALTUSDT 12H#ALT is moving inside an ascending channel. RSI is showing bullish momentum. You can put a small risk on it. Targets are:
$0.65
$0.75
$0.83
$0.91
$1.03 risky
$1.17 risky
