ALICE — Bearish MACD Crossover + Bear Flag 📉
$ALICE has flashed a bearish MACD crossover on the hourly chart. Based on backtests, the signal has a high reliability for achieving 2% gains.
However, when looking at the chart, ALICE finds itself trading in a bear flag. Therefore, if we see a break of the lower boundary the price could go much lower since the next resistance is at ~1.05.
Therefore, it might be good to wait for a break to the downside before entering a trade. Nevertheless, all signs signal more downside potential.
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