ALPHA - Perfect Waves - ALPHAUSDTThe price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections.
We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now.
For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
Alpha
ALPHA - Perfect Waves - ALPHAUSDT The price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections.
We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now.
For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
🆓Alpha Finance Lab (ALPHA) May-23 #ALPHA $ALPHAALPHA has 2 important support zones at the moment is 0.6$ and 0.4$ that we can take risk, but what we should do is wait for confirmations. If the buying force comes, ALPHA will move up to 0.8$ and 1.2$ zone in the next few days
📈BUY
-Buy: 0.58-0.62$ if A. SL if B
-Buy: 0.78-0.82$ if A. SL if B
📉SELL
-Sell: 0.78-0.82$. SL if A
-Sell: 1.15-1.25$. SL if A
♻️BACK-UP
-Sell: 0.58-0.62$ if B. SL if A
-Buy: 0.38-0.42$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
My DEFI SUMMER profit taking indicatorLooking at ratios to finally get some profits paid in btc and eth from my many many many early defi positions which I took before ETH mooned to 4.5k!
Good opportunity to recover lost gains. I am in AAVE, ALPHA, PERP, SNX and LINK against ETH and BTC at this current point.
🔥 ALPHA Horizontal Channel Break OutFor almost three months now, ALPHA has been trading inside this horizontal channel. This morning, ALPHA started seeing a strong influx of bullish sentiment, making the price shoot up.
Large bars, accompanied by large volume are currently pushing ALPHA out of the channel. Wait for the bar to close above the channel before entering a trade. DYOR.
Happy trading!
Alpha is about to breakout the Channelas its shown in the chart, BINANCE:ALPHABTC is trading in a side channel and now it is about to break the channel upwardly. so wait for breakout and confirmation and then open your position accordingly.
in case of breakout, targets are 4600 and 5200 sats.
happy hunting!
Alpha Finance Lab (ALPHA) • Is this final attempt? ALPHA went on longer consolidation and now if offering another try to the breakout out of the trend. A lot also depends if Bitcoin doesn't decide to crash.
Nonetheless there is a a chance we see another stop-hunt bellow the recent local lows.
Managing risk accordingly is always required
DEFI tokens trending up.
ALPHAUSDT --> Nearing breakout - Potential +16%Alpha went on a massive 60% tear last month, retraced 20% (.382 fib) and now looks like it wants to get bullish again. Price is being squeezed into a corner where it needs to go either up a lot, or down a lot.
Most alt movements are decided by what BTC does, so BTC generally has the last say in what ALPHA will do.
Has to be said that this is a descending triangle = bearish. The fact we are in a bull market makes it more neutral. But generally these want to break downwards.
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ENTRY
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BUY: 4H break and close
TARGET: 2.25
STOP: Break and close below current support
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Fundamentals
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Rank #130
Market Cap = $546,235,083
DEFI
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