ALT TO KEEP PUMPING!BYBIT:ALTUSDT.P
Altusdt looks extremely healthy today, so I'll take on the continuation of the trend. let's see if we can pick this one up. I'm trading on the 15m timeframe here.
thanks guys!
ALTUSDT.P trade ideas
ALTUSDT.PALTUSDT.P is in bearish trend.
Bearish divergence also form in RSI.
Double top reversal pattern also form .
We wait and watch for the breakout of last LL.
ALT BUY SETUP SPOT TRADE ENTERY 0.45369ALT BUY SETUP SPOT TRADE ENTERY 0.45369
Alt is looking like to break its resistance. Take it only in Spot and if you want to take it as future trade never ever forget to put Stoploss. Stoploss is your best friend in trading guys.
ALT on the Verge of a BreakoutOver the recent trading sessions, the AltLayer price has exhibited some intriguing movements, with closing prices on the 4-hour chart oscillating between $0.4532 and $0.447, showing a slight downward trend. However, a deeper dive into the technical indicators reveals a more nuanced picture that could hint at potential future movements.
The 9-day Exponential Moving Average (EMA) has shown a gradual increase, closely trailing the closing prices and suggesting a stabilizing market sentiment. This is further corroborated by the 20-day EMA, which has also risen, indicating a strengthening support level for the asset. Such alignment between the 9-day and 20-day EMAs typically signals a consolidation phase, potentially setting the stage for an upward trajectory.
Still a Vast Amount of Upside Potential
The Relative Strength Index (RSI) has remained above the 50 mark, ranging from 56.44 to 63.06. This indicates a bullish sentiment among traders, despite the recent price retractions. The RSI levels suggest the AltLayer price is neither overbought nor oversold, providing room for potential growth.
Volume analysis further enriches our understanding, with a notable spike followed by a decrease. This spike in trading volume could have been a reaction to specific market events or news, highlighting the asset's volatility and the keen interest from the trading community.
Looking ahead, the resistance and support levels provide critical markers for potential price movements. The immediate resistance level at $0.46272 poses a challenge for bullish momentum, while support levels at $0.42941, followed by $0.39552 and $0.37967, offer cushions against any downward trends. Should the price sustain above the $0.44715 mark, it could signal strength and a possible push towards overcoming the resistance.
In conclusion, while ALT/USDT has faced some downward pressure, the underlying technical indicators suggest a market in consolidation, with potential for upward movement.
Scalp Setup ALTUSDTPrice aggressively MSS here and also taken PDL, so I am expecting short trade if it tap on Order Block.
#ALTUSD.P
ALT Growth Spurt: Buy Your Ticket to Profit!"## AltLayer (ALT) Coin: Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **What is it?** AltLayer is a decentralized protocol facilitating the launch of native and restaked rollups with both optimistic and zk-rollup stacks. It aims to improve scalability, security, and decentralization for Web3 applications.
* **Token:** ALT is the native utility token used for staking, governance, and network fees.
* **Circulating Supply:** 1.1 billion ALT (max supply: 10 billion)
* **Market Cap:** $429 million (as of February 17, 2024)
* **Partnerships:** QuestN, GMLabs
**Recent News:**
* **January 29, 2024:** ALT reaches all-time high of $0.4611.
* **February 9, 2024:** AltLayer announces integration with Ethereum Virtual Machine (EVM) on mainnet.
* **February 14, 2024:** ALT listed on MEXC exchange.
**Disclaimer:**
* I am not a financial advisor and this is not financial advice. This information is provided for educational purposes only.
* Cryptocurrency is a highly volatile market and your investments are at risk.
* Do your own research before making any investment decisions.
**Additional Resources:**
* AltLayer Website: [ ]( )
* CoinMarketCap: (coinmarketcap.com)
* CoinGecko: (www.coingecko.com)
I hope this information is helpful! Please note that the cryptocurrency market is constantly changing, so it is important to stay up-to-date on the latest news and developments before making any investment decisions.
ALTUSDT.PALTUSDT.P is in bearish trend.
Potentially printing LH and LL.
Bearish divergence also shown in RSI.
No sign of reversal here.
We shor at CMP.
Accumulation before the level, free zone after the levelAccumulation before the level, free zone after the level
ALT at Risk of Testing Support Soon if Bulls Don’t Step in SoonThe AltLayer price broke below the middle level of a medium-term positive price channel and may be at risk of retesting the immediate support at $0.38095 in the next 24 hours. Continued sell pressure may then force the altcoin below the price channel, which will expose ALT to the risk of falling to $0.35675 in the following few days. In an extremely bearish scenario, the AltLayer price may drop to as low as $0.33965 in the short term.
This bearish thesis may be invalidated if ALT rebounds from the $0.38095 support level in the next 24 hours. In this alternative scenario, the AltLayer price may attempt a challenge at the $0.42065 resistance level.
Technicals Suggest ALT Could Drop More
Technicals indicators on ALT’s 4-hour chart suggest the AltLayer price may drop in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
The MACD line is dropping towards the MACD Signal line. This may be an early indication of ALT’s bullish trend coming to an end. In addition to this, the RSI is looking to cross below its Simple Moving Average (SMA) line. An intersection between these two lines could be a sign that sellers have gained the upper hand against buyers. As a result, it may be easier for bears to pull the AltLayer price down in the next 24 hours than it will be for bulls to boost it higher during this same period.
Alt movement after confirmationUpper target at 0.417 area. The bottom triangle broken with confirmation incoming, if it confirms we can expect the price to hit the area of 40+ topping at about 41 cents.
ALTUSDT Inverse Head and Shoulder Pattern.ALTUSDT Technical analysis update
ALT formed an inverse head and shoulders pattern and price broke its neckline with high volume, indicating a potential upward move.
Buy zone : Below $0.388
Stop loss : $0.360
Take Profit 1: $0.410
Take Profit 2: $0.462
Take Profit 3: $0.550
Regards
Hexa
ALT LONGThe coin is in the accumulation stage. We are taking spot positions with limit sell orders.
AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
ALT Slips 1% as It Drops Out of a Bullish ChannelThe AltLayer price recently broke out of a short-term bullish price channel. As a result, ALT is testing the key support level at $0.33965. Should it close a 4-hour candle below this significant price point in the next 24 hours, it could be at risk of falling to the subsequent support level at $0.32520 in the next couple of days. Continued sell pressure at this point could put the crypto at risk of falling back into the consolidation channel between $0.29395 and $0.32520.
This bearish thesis may be invalidated if the AltLayer price closes 2 consecutive 4-hour candles above $0.33965 in the next 24 hours. In this alternative scenario, ALT could attempt to challenge the $0.35675 in the short term.
Technical indicators on ALT’s 4-hour chart suggest the AltLayer price may undergo a brief correction in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
The MACD line is dropping towards the MACD Signal line. This may be an early indication of ALT’s bullish trend undergoing a bearish reversal. In addition to this, the RSI is closing in on the Simple Moving Average (SMA) line. Traders generally identify this as a sign that buyers are losing their strength against sellers. An intersection between these two lines will trigger a significant bearish technical flag, which could indicate that bears have gained the upper hand against bulls on ALT’s 4-hour chart.
ALT Attempts Recovery but Will Need to Overcome Obstacles FirstBINANCE:ALTUSDT has started the day on a good note and printed a couple of higher highs and higher lows over the past 24 hours, resulting in the formation of a bullish price channel. Should this positive momentum continue, ALT may soon break above the $0.32520 resistance level. This will subsequently result in the crypto exiting the consolidation channel between $0.29395 and $0.32520 it has been trading in for the past couple of days.
Rising out of this sideways channel could give the AltLayer price the foundation needed to rise to the subsequent barrier at $0.33965 in the following 24 hours. A 4-hour candle close above this significant price point may then lead to ALT continuing its climb to potentially reach as high as $0.35675. This bullish thesis may be invalidated if ALT breaks below the positive price channel that has recently formed. In this alternative scenario, the crypto could fall to $0.29395.
ALT May Drop Soon
Technical indicators on ALT’s 4-hour chart suggest the AltLayer price may correct in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish. The gradient of the MACD Histogram is negative, which may be an early sign that ALT will enter into a negative cycle soon.
In addition to this, the RSI line is looking to cross below the Simple Moving Average (SMA) line. An intersection of these two lines will trigger a significant bearish technical flag. This may then signal that sellers have gained an upper hand against buyers. As a result, it would subsequently be easier for bears to pull ALT down in the next few days than it will be for bulls to boost it during the same period.
ALT newly airdroped shiny coin, a risky betHello fellow gambler, I think we are going to $0.49. Holding my long from 0.34$. I know I know its dangerous for such a new airdroped coin, but market is just too hot right now. Everything new coin is growing like hell, then dump.
many people got $300-$50k worth of NASDAQ:ALT , its literaly free money, I just got 162,402 NASDAQ:ALT about $50k dumped at $0.31 cents.
Can’t wait till a few other projects drop that i have farmed with hundreds of accounts.
How to check ✔️
1️⃣Go to airdrop.altlayer.mobi
2️⃣Input your address to check
NASDAQ:ALT CRYPTOCAP:BTC CRYPTOCAP:ETH
AltLayer bull run continueHello fellow gambler, I think we are going to $0.49. Holding my long from 0.34$. I know I know its dangerous for such a new airdroped coin, but market is just too hot right now. Everything new coin is growing like hell, then dump.
many people got $300-$50k worth of
NASDAQ:ALT , its literaly free money, I just got 162,402
NASDAQ:ALT
about $50k dumped at $0.31 cents.
Can’t wait till a few other projects drop that i have farmed with hundreds of accounts.
How to check ✔️
1️⃣Go to airdrop.altlayer.mobi
2️⃣Input your address to check
ALT usdnew shiny coin , binance listed and Airdrop narrative , highely likely to follow the manta and tia play , if you're holding your airdrop tokens then .80 is the ideal target considering the supply and market cap else bull run can make anything possible
ALTUSDTsmart money concept analysis: Don't get caught in whale traps.
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ALTUSDT is in trend continuation ALTUSDT is in trend continuation
So we can buy stop at
HH and Stop loss at previous HL
