💎 Paradisers, #ALICE is indeed a coin worth monitoring closely.
💎 Currently positioned at a critical support area, ALICE needs to bounce from this level to sustain its upward momentum. A successful bounce could potentially lead to a test of the resistance of the descending pattern.
💎 Breaking above this pattern would signify a bullish reversal and continuation of the upward movement, possibly towards the resistance around the 1.65 level area.
💎 However, if ALICE fails to break above the resistance and experiences rejection, there's a risk of the price falling back towards the support area. Continued touches on the support may weaken its effectiveness over time, signaling potential bearish pressure.
💎 Should ALICE fail to bounce from the support area and instead break below it, there's a possibility of further downward movement. In such a scenario, the next area of interest would be the demand area, which could offer support around the 1.1 level.
💎 The bullish invalidation scenario would occur if ALICE fails to bounce from the demand area and confirms a daily candle close below it. This would indicate a shift towards bearish sentiment
