ALPHAUSDT (4h Chart) - Resistance BreakoutALPHAUSDT (4h Chart) Technical analysis
ALPHA/USDT (4h Chart) Currently trading at $0.983
Buy level :Above $0.972
Stop loss: Below $0.874
TP1: $1.061
TP2: $1.143
TP3: $1.222
TP4: $1.301
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Alpha
$ALPHA/USDT 4h (Binance Futures) Ascending channel breakdownAlpha Finance Lab lost 100EMA support and broke the up-trend, let's join the local down-trend after that retest.
Current Price= 1.1485
Sell Entry = 1.1633 - 1.2221
Take Profit= 1.0405 | 0.9553 | 0.8962
Stop Loss= 1.2945
Risk/Reward= 1:1.25 | 1:2 | 1:2.74
Expected Profit= +15.99% | +25.62% | +37.48%
Possible Loss= -12.84%
Fib. Retracement= 0.382| 0.618| 0.893
Margin Leverage= 2x
Estimated Gain-time= 10 days
ALPHA - A Masterpiece - Over 250% 😱The last time we posted Alpha was on June 17th where we identified the descending correction and our buy zone.
Price came into our zone perfectly and broke out the descending correction. Since then, price has moved over 260%!
We are now looking for continuation trades. Watch for price action back to the ascending trendline and enter with stops below the trendline.
Targeting 2.40.
Alpha Comprehensive AnalysisI see a static resistance around 2230 satoshi which is tested and then denied about 7 times lately. In theory I assume that resistance is finally broken so what is the target? A giant dynamic resistance has been formed since day One of alpha(The great gray line). Price has been playing below that grey line for about 90 days. That is a strong and serious line which may cause a delay on price growth. Now Price around that line is around 2800 satoshi.
Above is another trendline which has been formed since the local top around Mid-May.Now Price around that line is around 3000 satoshi. That is a focal point which may let price grow through last top area (7k satoshi).
So There is a road to ride for Alpha and there is a safer way with fundamentals. Team has released many great news about a product called Alpha X. I personally think if price tend to break aforementioned lines, it absolutely needs driving fundamentals like Alpha X( In case of a great product). Below I highlighted a Fibo channel which shows good points to take profits.