ALICE bull and bear scenarios
Hello everyone, hope you doing good.
* This is not a financial advice, use the idea with your own strategy and risk management *
Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one )
as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below :
1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH
2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom
be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market.
good luck !
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldn't miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
* This is not a financial advice, use the idea with your own strategy and risk management *
Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one )
as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below :
1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH
2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom
be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market.
good luck !
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldn't miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
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