Alienbase Short Term Trend Reversal
AlienBase is showing strong signs of a trend reversal as it breaks out of a descending wedge,this breakout is supported by multiple confluences:
- A-B-C Correction Complete: The corrective phase has played out, paving the way for the next impulsive move.
- 50-Day EMA Support: Price has found solid support at the 50-day EMA, further reinforcing the bullish bias.
- Stochastic RSI: The Stoch RSI is crossing upward from oversold territory, signaling growing bullish momentum.
Momentum is building for a potential move toward the $0.50 area. If the breakout sustains with increasing volume, this could mark the beginning of a larger upward trend.
Key Levels to Watch:
Resistance: $0.50 (short-term target)
Support: $0.40 (breakout retest zone)
- A-B-C Correction Complete: The corrective phase has played out, paving the way for the next impulsive move.
- 50-Day EMA Support: Price has found solid support at the 50-day EMA, further reinforcing the bullish bias.
- Stochastic RSI: The Stoch RSI is crossing upward from oversold territory, signaling growing bullish momentum.
Momentum is building for a potential move toward the $0.50 area. If the breakout sustains with increasing volume, this could mark the beginning of a larger upward trend.
Key Levels to Watch:
Resistance: $0.50 (short-term target)
Support: $0.40 (breakout retest zone)
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