$ALT 1H CHART UPDATE โ
๐This is a 1 hour chart, so this is a short-term view of $ALT โ
๐Iโm using Elliott Wave theory to understand the move. Right now, Wave 3 is already completed on the chart โ
๐After every strong Wave 3, price usually pulls back to form Wave 4. This pullback is normal, not a bad sign โ
๐The green box on the chart is the support zone.
๐ Wave 4 must hold this zone.
๐If price holds this support and does not break below it, then we can expect the next move up as Wave 5 ๐
๐Simple explanation for beginners:
โก๏ธ Drop = Wave 4 (healthy correction)
โก๏ธ Hold support = strength
โก๏ธ Next push up = Wave 5

ALTUSDT
Perp
0.01391
+9.78%