A CLUSTER OF CANDLESTICKS FOR #ALT: WHAT DOES THIS TELL US?
If you're looking for an in-depth analysis of ALT, then, you're in the right place.
Here's why.
ALT's short-term market structure is currently showing a cluster of candlesticks at the demand zone. The easiest way to understand this is to imagine buyers and sellers fighting for this key level. In a sense, the market is still indecisive where it will continue to go. However, since it has recently increased by 19.31%. There is a tendency for ALT to test this support key level once more with the ongoing seller and buyer vying for this position. The best option for those who wants to take opportunity of ALT is to wait for any possible bounce at the support level or pullbacks. Since in scenario that may happen, long positions are highly favored within these levels.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
