Could #ALT have found a local bottom?
#Alt 1D chart;
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
For more you can follow me on X. @UgurTash
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
For more you can follow me on X. @UgurTash
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.