$ALT M5 61.80% Fib Bullish Bounce Idea
I've earlier predicted $ALT to finally break the $0.7, but unfortunately the correction came earlier. I am still holding my trade on this coin and currently without SL. These are my points for a possible reversal.
• Made a bounce on the 61.80% Fib level, as well as the VAL, setting $0.61500 as a strong support area.
• Price trading already above both EMAs and curving, GX imminent, breaking the POC and entering 23.60% Fib level in the process.
• Potential bearish harmonic pattern formation, with D-leg completion on a touch on the 78.60% Fib level.
Key break points to WOF:
• $0.62861
• $0.64078
• $0.65688