#ALPINE has formed a falling wedge pattern on the daily timeframe — a classic bullish reversal setup. After several months of consolidation and lower highs within the wedge, the price is now approaching the upper resistance trendline. A breakout above this resistance could spark a strong upward rally.
Currently, the RSI is near the overbought zone, suggesting some caution in the short term. However, the overall structure remains bullish, especially if the price can stay above key support levels.
The best buying opportunities lie near the key horizontal support levels:
🛡 Support 1: $0.892
🛡 Support 2: $0.827
🛡 Support 3: $0.747
If #ALPINE manages to break above the wedge resistance with strong volume confirmation, it could trigger a trend reversal with the following upside targets:
🎯 $1.121
🎯 $1.285
🎯 $1.450
🎯 $1.684
🎯 $1.982
⚠️ Always use a tight stop-loss and practice proper risk management.
Currently, the RSI is near the overbought zone, suggesting some caution in the short term. However, the overall structure remains bullish, especially if the price can stay above key support levels.
The best buying opportunities lie near the key horizontal support levels:
🛡 Support 1: $0.892
🛡 Support 2: $0.827
🛡 Support 3: $0.747
If #ALPINE manages to break above the wedge resistance with strong volume confirmation, it could trigger a trend reversal with the following upside targets:
🎯 $1.121
🎯 $1.285
🎯 $1.450
🎯 $1.684
🎯 $1.982
⚠️ Always use a tight stop-loss and practice proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.