Dear trader, welcome to a new analysis from Alice.
From an analytical standpoint, everything points to an even more meteoric rise that could even exceed its ATH, a breakout of the triangle from above, an RSI heading straight for its overbought level, everything is lined up but we know how altcoins can be manipulated by Bitcoin.
The BB are currently compressing and this could herald a repeat of a past scenario, we can compare these two compressions to give us some sort of buy signal.
It is difficult to predict the eventual price movement of an altcoin, even though analytically everything seems to point to a breakout from the top, but it only takes a bit of bad news for the price to drift sharply.
Be careful, and only put what you're willing to lose into this type of highly volatile token!
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
From an analytical standpoint, everything points to an even more meteoric rise that could even exceed its ATH, a breakout of the triangle from above, an RSI heading straight for its overbought level, everything is lined up but we know how altcoins can be manipulated by Bitcoin.
The BB are currently compressing and this could herald a repeat of a past scenario, we can compare these two compressions to give us some sort of buy signal.
It is difficult to predict the eventual price movement of an altcoin, even though analytically everything seems to point to a breakout from the top, but it only takes a bit of bad news for the price to drift sharply.
Be careful, and only put what you're willing to lose into this type of highly volatile token!
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.