ALICE/USDT Long-Term Trend: Bullish
Key Resistance Levels: 14.47, 15.22, 16.00.
Key Support Levels: 12.09, 8.54, 8.00.
The price on the higher time frame failed to break the strong support around the 12.09 USDT mark and led to reverse higher. The market posted an engulfing bullish pattern around this area and we expect further movement to the upside.
ALICE/USDT Medium-Term Trend: Bullish
On the lower time frame, the coin succeeded to break the descending wedge pattern to the upside and now it is retracing toward the confluence area which is made by the support and the 61.80 % Fibonacci retracement level. This will lead to a move higher again toward the Target profit.
Buy Limit Order @ 12.19
TP 1 @ 14.43
TP 2 @ 15.22
Stop Loss @ 11.09
Trade Safely 🙂