ALICE/USD Trying to Survive Above $1.467 

As ‘My Neighbour Alice‘ trends downward, the buyers, at some point along the line, (in a bid to stop the downtrend) were only able to make the market range sideways. It is the bearish season in the ALICEUSD market. But with the frequent consolidating price action caused by the bulls, it may be signal the bearish season is coming to an end.

My Neighbour Alice Market Price Statistic:

• ALICE/USD price now: $1.59
• ALICE/USD market cap: $47,887,478
• ALICE/USD circulating supply: 30,600,000.00
• ALICE/USD total supply:100,000,000
• ALICE/USD coin market ranking: #372

Key Levels

• Resistance: $1,578, $1.738, $1.800
• Support: $1.467, $1.300, $1.200

My Neighbour Alice Market Price Analysis: The Indicators’ Point of View

The $2.954 resistance level (which formed in early August) was the major price level that became the pivot for this long-term bearish market. And the bulls were only able to reduce the momentum of the trend (through the frequent price consolidations). The Bollinger bands have also seen several contractions of the upper and the lower band which usually precede some minor decisive price movement. Today’s market, however, can be rated bullish, but the bands are contracting again. And the price is still below Bollinger’s moving average curve. Similarly, the RSI line is now getting close to the 50% midpoint that separates the bullish market from the bearish market. More buying activities are needed in this market to establish a favourable market for the bulls

ALICE/USD 4-Hour Chart Outlook

After the first two sessions that went in favour of the sellers, the ALICE market witnessed some strong bullish markets. And from this point of view, The bands of the Bollinger indicator are already responding to the price action. The RSI line is now measuring 60.7%. From this standpoint, the market is moving in favour of the bulls; this will soon reflect in the bigger timeframe if the buyers keep it up.

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