https://www.tradingview.com/x/g5WcVpcr
ALCHUSDT
After weeks of tight consolidation, Price has finally broken out of the symmetrical triangle on the 1Day chart! 📈
This could be the ignition spark for a new bullish leg.
📊 Technical Overview:
🔹 Structure: Symmetrical Triangle
🔹 Breakout Zone: ~$0.154
🔹 Previous Resistance: $0.160
🔹 Key Highs: $0.17 → $0.20 → $0.24
This move shows increased bullish momentum and volume at breakout — a strong continuation pattern!
🟢 Resistance Zones:
• $0.160 – immediate test
• $0.175 – mid-May peak
• $0.200 – psychological mark
• $0.240 – local high
🔴 Support Zones:
• $0.140 – triangle top retest
• $0.130 – breakout invalidation
• Sustained move above $0.160 = bullish continuation
• Triangle retest could offer strong entry zones
#ALCH is waking up after months of compression — eyes on volume and follow-through! 🚀
ALCHUSDT After weeks of tight consolidation, Price has finally broken out of the symmetrical triangle on the 1Day chart! 📈
This could be the ignition spark for a new bullish leg.
📊 Technical Overview:
🔹 Structure: Symmetrical Triangle
🔹 Breakout Zone: ~$0.154
🔹 Previous Resistance: $0.160
🔹 Key Highs: $0.17 → $0.20 → $0.24
This move shows increased bullish momentum and volume at breakout — a strong continuation pattern!
🟢 Resistance Zones:
• $0.160 – immediate test
• $0.175 – mid-May peak
• $0.200 – psychological mark
• $0.240 – local high
🔴 Support Zones:
• $0.140 – triangle top retest
• $0.130 – breakout invalidation
• Sustained move above $0.160 = bullish continuation
• Triangle retest could offer strong entry zones
#ALCH is waking up after months of compression — eyes on volume and follow-through! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.