Will Alice hit a new all-time high in December?

My Neighbor Alice (ALICE/USD) fell by over 2% on Tuesday. It looks like Alice will correct after the huge price increase this month. Alice rose by over 130% earlier this month, which showed the start of a strong rally. Alice recovered from $ 11 to almost $ 30. However, now a price correction can be seen, which shows signs of a reversal. This could be a great opportunity for investors who missed the rally before it resumes its uptrend. Investors are now wondering whether Alice will hit a new all-time high in December.

Here’s what the charts suggest:

  • Alice has corrected to $19 after reaching a high of $28.6. It has fallen by over 40%. But this does not mean that the correction is over.

  • A strong supply zone can be seen at $ 17. Alice can assert herself over the zone, which suggests that the Stärke in Alice is slowly returning to theü.

  • Alice has corrected to the 0.618 Fibonacci level, which could be the reversal point. Therefore, a long entry can be made as soon as a clear reversal is seen.

  • Investors should also wait for Alice to break through the $21 mark before taking long positions.

  • Alice was also in the bought-out zone at the end of the rally, which may have been the reason for the sell-out.

  • A target of $ 23 can be set, followed by $ 28. Investors should set a stoploss of $16.

Will Alice hit a new all-time high in December? appeared first on Coin Hero.

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