this is a new analyze method im developing , still working on it but main trends, supports and resistant's can be found by this method . and also an acceptable time estimation. you can see how price moves and reacts to these trends in all posts. still working on it to debug the method.
The 1.618 fib of the last rally is also the 0.618 retracement fib (not shown) for the current retracement.
AllianceBlock is building the future of finance by creating a protocol that will bridge DeFi (Decentralized Finance) and TradFi (Traditional Finance).
In TradFi this will enable institutions to save costs by eliminating regulatory and technological...
Looking at the volume profile, the resistance area and the MACD divergence I seethe down move as nearly exhausted and we can expect either a reversal or a large correction. Watching for a breakout of the Trend Line and confirmation.
ALBT tokens are the backbone of the AllianceBlock Ecosystem.
The ALBT token serves as a multi-purpose tool to be utilized as the primary medium of exchange, means of reward for ecosystem participants, and network fee payment mechanism. In addition the ALBT token will act as the currency reserve of the ecosystem reserve pool and as a governance token for voting...
Not like it matters cos in it for the long run, but 4H chart looking ready to move. Retest of the triangle we just broke out of, 4H Golden cross and MACD looking like a flip is coming soon. Will be surprised if this doesn't take us back to 1$ +. (Not like I'll be selling any anyway)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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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!
We see that it is approaching its own support area and is expected to be supported here
you can invest in it for a while, but first make sure that the trend changes and rises
what is your opinion ?
This is a personal analysis and not an investment signal.
We are still Bullish on ALBT Alliance Block Token. But, we do have one (1) Sell signal from the Engineer and the Up Trend Line has been broken along with Support being established at $0.90. We will see if this can move past this scenario with continued developments in the #DeFi space.