Could #ALT have found a local bottom?
#Alt 1D chart;
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
For more you can follow me on X. @UgurTash
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For more you can follow me on X. @UgurTash
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.