Technical analysis by TraderASY about Symbol ALT: Buy recommendation (2/10/2025)

Key Observations Price Action & Trend: Recent price action shows consolidation between 0.03952 (current level) and 0.04372, indicating potential up side. Critical Support & Resistance Levels: Major resistance levels: 0.08000 and 0.11477 (previous breakdown zones). Market Sentiment: Consolidation near 0.04095–0.04372 hints at potential exhaustion. Watch for reversal signals (e.g., bullish divergence, volume spikes). Key Scenarios Targeting 0.11 first Bullish signals Huge falling wedge 1D: RSI Oversold 4HR: Price / EMA10 bullish cross Engulfing candlestick pattern 1HR: Doji candlestick pattern Long Legged Doji candlestick pattern Spinning Top candlestick patternALT is breaking the falling wedge.