ALICE: Brace for Blastoff! Bullish Signals Flashing

Feb 28

💎 ALICE has recently broken out of a resistive trendline, accompanied by signs of strength such as CHoCH and BOS, as well as the formation of an inverse head and shoulders pattern. These factors collectively enhance the likelihood of a bullish move.

💎If the price manages to break above the resistant level, it would confirm the validity of the inverse head and shoulders pattern, signaling a bullish market structure and potential upward movement. Conversely, if the price experiences a pullback, we can anticipate a bounce from the bullish OB, further supporting the bullish outlook.

💎However, if the price breaks down below both the bullish OB and the demand area, it would be prudent to adopt a cautious stance and refrain from trading. Such a scenario would indicate a shift in market sentiment towards bearishness, prompting the need to reassess trading strategies.