Ifiok-2sydes

$alex Alex decision point! Bullish continuation or retracement?

GATEIO:ALEXUSDT   Alex Lab/Tether
ALEX Alex price action has been on a tear for weeks and is currently printing a channel.
Current Price: 0.38

Decision point!
Will ALEX continue to higher prices. Above Resistances:0.42, 0.48, 0.54, 0.60

Or is it time for Retracement? Bearish Divergence on the weekly timeframe.
Supports: 0.30, 0.25 0.20 (Dip buying opportunities)
Comment:
ALEX has broken out of channel and above resistance at 0.42!
Comment:
0.48!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.