Alt Layer Can Move Fast Because... It is In The Bullish Zone!

24 nov

Ever since August 2024 trading volume has gone wild on this chart. But, also, ever since August 2024 the action changed from a downtrend to sideways; a clear early reversal signal.

We have a cup and handle pattern on this chart.

The black line is dividing the bullish and bearish zones. Below it, ALTUSDT is bearish; above this line is the green zone, the bullish zone. We are in the bullish zone. The bullish zone will lead to growth. We can expect a jump to happen because the consolidation phase is over; higher prices are coming next.

We are looking at this pair for a short-term trade but it can be held long-term. Whatever you do, is up to you.

I hope it turns out just right, the chart looks good.

Thank you for reading.

Patience... Pays!

Namaste.