If ALBT can have a 4 hour close above the trendline I'd say we can see it reaching the 61 fib level on its way back up.
It won't be a smooth ride, but I believe we can set a new ATH in this market cycle still.
Not financial advice do your own DD!
Very interesting 1D chart here for Alliance Block, they've had a nice steady build for a while and the low was firmly secured on inverted H&S. Where is the top? #hardtosay right now, but we are bullish here on this tech
Do your own research
Not financial advice
*founders opinion alone
ALBT working on a recovery. Breakout after descending channel and now touching resistance.
My ALBT is staked for 2 years,
They have 30+ developers, just starting to work on marketing. Aiming at becoming the first DEFI investment bank. I honestly can't throw money at them fast enough.
Descending channel, having reached it's support line is very bullish from here moving forward in my opinion.
When it breaks upwards, I believe it will move quickly and sharply. I'd start buying now, but if hesitant wait for the breakout.
Alt season is starting, and overall sentiment is up.
After the head and shoulders formation and break downwards, we're locked into a descending wedge. Typically bullish, and with the surrounding FA (Staking just released and more product releases in roughly a week) I think we're going to break upwards from here.
Not worried at all in the long term (2 - 5 years), but short term could see some pull back in the...
Mini Ascending triangle forming within. Staking was released today! Big things are coming for Alliance Block.
Short term, I think we'll break upwards out of this mini ascending triangle any day now, and then the outer within the month.
AllianceBlock - strong fundamentals and likely some big news around the corner.
Expecting a big impulse which will take this to $1+ by end January. Ambitious? Yes, don't be on the wrong side of history.
Don't expect this to go below the previous high of $0.50 and aiming for $1 plus, still leaving this fine cryptocurrency with a very small market cap.
With the surging ALBT chart, we take a moment to reflect on 1) what got us in the trade and 2) what kept us in it for this insane bull move.
1) We used the WETH pair to identify key buys (EMA retest for aggressive, Fib golden pocket for slightly less aggressive).
2) The daily 12 EMA on the USDT chart kept us in this trade. It still has yet to close below this...
If Ethereum decides to take a breather after this insane weekend surge, I expect good things for this ALBT pairing.
With ETHUSD up 23% on the day at the time of publishing this, a quick look at ALBT shows a decoupling of its USDT pair from its WETH pair. This is mostly as anticipated given the surging ETHUSD and ETHBTC pairings this weekend, but I still felt it...