Recently, ALICE demonstrated a bullish setup on the 4-hour chart, leading to a market structure shift.
Confirmation of Bullish Momentum
Analysts note a Market Structure Shift (MSS) indicating strengthening buyer positions. Support is at $0.354, while near-term resistance ranges from $0.40 to $0.42. Reversal signals in the demand zone are expected to drive further growth.
Technical Indicators Support Bullish Signals
Indicators such as RSI and MACD show signs of growth. RSI has risen from the low 40s to around 52, indicating improving momentum, while MACD has crossed into positive territory. These changes signal the beginning of bullish pressure.
Liquidity Targets and Retests
The first liquidity target is at $0.3974, followed by $0.4196. Further movement above these levels could confirm the bullish thesis. Traders are advised to consider rejection signals in the demand zone for entry.
ALICE showcases positive market signals, although traders should closely monitor support and resistance levels to make informed decisions.
