Aleph - Short-term neutral, long-term bullish
Updated
Aleph - Neutral, long-term bullish. Looks like this is trying to go sideways for a few days, if we flush out the last of the fear I believe we can see some buyers coming-in as we bounce off the lower bounds of the long-term channel. I'm expecting a hold at where the long-term uptrend channel low is, which matches up with the mid-line of the short-term downtrend channel. We have a big range here, so on the much longer-term timeframe, I'm targeting TP level of 0.32 - assuming crypto hits the phase 4 of the bull cycle. Aleph sold off to around July 6th, and has been moving pretty-much sideways since then so we've had a drop, consolidation, and hopefully will get that nice long-term reversal pattern to play out.
Timeline for the move I'm targeting on this is weeks to months.
Timeline for the move I'm targeting on this is weeks to months.
Note
Aleph currently broke sideways action, expecting a few more days of selling as we work out some fear.
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