The ALBT chart has limited data to work with but the chart looks good.
We have a nice 3rd bounce off a trend line.
A clean retest and rejection of the previous ATH.
A nice wick rejection of the 61.8% Fib retracement level.
A bull flag forming (Bullish continuation pattern)
The tokenomics of this coin are also favourable with only 1,000,000,000...
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
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...