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ALICE/USDT Potential Upward Movement

ALICE/USDT Long-Term Trend: Bullish

Key Resistance Levels: 14.47, 15.22, 16.00.

Key Support Levels: 12.09, 8.54, 8.00.

Daily Chart:

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

4-Hour Chart:

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.

Signal Idea:

Buy Limit Order @ 12.19

TP 1 @ 14.43

TP 2 @ 15.22

Stop Loss @ 11.09

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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