ALT/USDT Breakout alert!!, Indicating continue the upward trend!

💎 ALT has recently encountered significant market dynamics, particularly with a breakout of the descending channel pattern.

💎 This breakout suggests a potential continuation of the upward movement, aligning with the prevailing bullish trend characterized by higher highs and higher lows.

💎 With this breakout, ALT may continue its upward trajectory and probability reach new higher highs, particularly targeting levels indicated by Fibonacci retracement.

💎 However, if ALT fails to sustain its upward momentum and does not continue upward, there's a possibility that the price may retreat and retest the support area to gather another momentum.

💎 When ALT reaches the support area, it's crucial for it to bounce, as this area holds considerable importance. Failure to bounce and a subsequent breakdown below the support could signal a shift in momentum, potentially leading to a bearish trend reversal.