💎 ALT has recently encountered significant market dynamics, particularly with a breakout of the descending channel pattern.
💎 This breakout suggests a potential continuation of the upward movement, aligning with the prevailing bullish trend characterized by higher highs and higher lows.
💎 With this breakout, ALT may continue its upward trajectory and probability reach new higher highs, particularly targeting levels indicated by Fibonacci retracement.
💎 However, if ALT fails to sustain its upward momentum and does not continue upward, there's a possibility that the price may retreat and retest the support area to gather another momentum.
💎 When ALT reaches the support area, it's crucial for it to bounce, as this area holds considerable importance. Failure to bounce and a subsequent breakdown below the support could signal a shift in momentum, potentially leading to a bearish trend reversal.
💎 This breakout suggests a potential continuation of the upward movement, aligning with the prevailing bullish trend characterized by higher highs and higher lows.
💎 With this breakout, ALT may continue its upward trajectory and probability reach new higher highs, particularly targeting levels indicated by Fibonacci retracement.
💎 However, if ALT fails to sustain its upward momentum and does not continue upward, there's a possibility that the price may retreat and retest the support area to gather another momentum.
💎 When ALT reaches the support area, it's crucial for it to bounce, as this area holds considerable importance. Failure to bounce and a subsequent breakdown below the support could signal a shift in momentum, potentially leading to a bearish trend reversal.
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Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV