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Will My Neighbor Alice (ALICE / USD) hit a new all-time high in December?



My Neighbor Alice (ALICE / USD) fell over 2% on Tuesday. It looks like Alice is correcting after the huge price hike this month. Alice rose over 130% earlier this month, indicating the start of a strong rally. Alice rebounded from $ 11 to nearly $ 30. However, a price correction can now be seen showing signs of a reversal. This could be a great opportunity for investors who missed the rally before it resumed its bullish trend. Investors are now wondering whether Alice will hit a new all-time high in December.

  • Alice corrected to $ 19 after hitting a high of $ 28.6. It's down over 40%. However, this does not mean that the correction is over.

  • A strong supply zone can be seen at $ 17. Alice is able to hold her own above the zone, which suggests that strength in Alice is slowly returning.

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

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

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

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

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