#ALICE/USDT – Potential Trend Reversal After Long Accumulation#ALICE The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected. We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward r
by CryptoAnalystSignal
Updated Jan 6
#ALICE/USDT – Potential Trend Reversal After Long Accumulation#ALICE The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected. We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward r
by CryptoAnalystSignal
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The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key support zone in green at 0.1170. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 0.1200
Target 1: 0.1232
Target 2: 0.1256
Target 3: 0.1293
Stop Loss: At the resistance zone in green