Allion (ALL) Shows MACD Continues in Positive Divergence Against Price
SUMMARY
Allion (ALL/BTC) is displaying a combination pattern. Two types of patterns and each in a fractal. The descending wedge fractals can be seen embedded with the rounded price bottom fractals. This can be quite bullish, once the pattern and correction completes. Observe how the MACD is inclining with higher lows while the price had been putting in lower lows. This positive divergence does not continue forever and as price approches the apex even more; a breakout is likely.
The Elliott Waves show a potential for one more lower low; but not required. The white wxyxz shows that z is still incomplete. However, the right wall side of the second rounded price formation will likely be built following a breakout. It's very close.
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