Hello traders,
Yesterday Btc decided to free fall a bit but this sudden drop was actually healthy. Unfortunately most altcoins including Alice dropped in price due to having ALICE / BTC pair . For cryptocurrency world this is considered normal correction after good leg up. Good thing is when Btc gets stabilized Alice currently standing on very low RSI 28 on the daily chart. This number indicates that sellers had the upper hand so far but it also indicates that secret bullish divergence (means getting ready to go up). You can only sell so much until this thing turns around. Do not forget when you sell some person is buying and possibly accumulating at this price point.
When Binance launches a new coin, first day it spikes up then usually goes down . After some time it balances out and starts climbing up. So far what we see is strength and refusing to go down below $8 mark even with BTC's free fall. After looking at their sponsors , you get the felling that this coin will do very well over time. Strong sponsors means that there will be good support for this coin and also so many people talking about this coin on social media. which is free advertising alone.
This coin is new and not proven itself yet but at this point coins in circulations is very low and considering the strength that already showing , we could possibly see target of $25 per coin in midterm ( Btc needs to stabilize as well for this to happen) I will update this chart as we move along.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
Yesterday Btc decided to free fall a bit but this sudden drop was actually healthy. Unfortunately most altcoins including Alice dropped in price due to having ALICE / BTC pair . For cryptocurrency world this is considered normal correction after good leg up. Good thing is when Btc gets stabilized Alice currently standing on very low RSI 28 on the daily chart. This number indicates that sellers had the upper hand so far but it also indicates that secret bullish divergence (means getting ready to go up). You can only sell so much until this thing turns around. Do not forget when you sell some person is buying and possibly accumulating at this price point.
When Binance launches a new coin, first day it spikes up then usually goes down . After some time it balances out and starts climbing up. So far what we see is strength and refusing to go down below $8 mark even with BTC's free fall. After looking at their sponsors , you get the felling that this coin will do very well over time. Strong sponsors means that there will be good support for this coin and also so many people talking about this coin on social media. which is free advertising alone.
This coin is new and not proven itself yet but at this point coins in circulations is very low and considering the strength that already showing , we could possibly see target of $25 per coin in midterm ( Btc needs to stabilize as well for this to happen) I will update this chart as we move along.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
Comment:
Most of the weak hands seems to be out so far. General outlook is very positive. Capturing back $10 range will give traders extra confidence at this point and it could catalyze $15 target initiation . Lets see if capturing $10 back can be done on todays candle. I am very happy with the progress so far. Btc is getting stable again but we are not out of the woods yet. Stay strong and positive. Alice pictured above looking directly at the assumable target with her laser vision.
Comment:
Our lady Alice could not claim back to $10 range but still hanging over $8 mark . Considering BTC's domestic abuse , situation still looking positive. We are yet to see her come back when Btc is stable. Patience is important here!
Comment:
What a day for sure ! I am really surprised how Alice hold well compared to other alt coins! Now I have no doubts about this one. When BTC stabilizes , we should see big spike.
Comment:
Alice finally flexing some muscle against BTC. But BTc still try to hold her down. Eventually she will set herself free.
Comment:
Lady Alice is on Fire :) broke past $14 .$15 mark will be big test. Lets see how it plays out.
Comment:
$15 target taken care off. Next target will be $20. If attempt fails, we may need to pull back to $15.If 20 can be taken out $25 will the next target. Then we need to correct there a bit. We don't want to go too crazy in very short time. So people can not pull the rug on us :)
Comment:
Alice wants to complete her target goal! Soon we will face with $20 target. Then we may or may not need to correct depending of the volume . Still a good project on the long run as the the prototype game should be available sometime in July!