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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Alpha
ALPHA - Consolidation (As you asked)What you're seeing here is a consolidation after breakout.
The price broke out but now it's building up a volume of Supply & Demand to confirm the breakout.
The more volume on supply, the more correction to lower prices.
But right now the Demand volume is higher so I'm predicting a retest at the resistance area soon.
Watch the prices for now and don't open any positions, but if you're looking into opening long positions, then wait until a 4H candle closure above the resistance area.
Target and Support areas are shown on chart.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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ALPHAUSDTthis alt has been in a big scale sideway for a long time and in addition it has done a clean break and pullback to trend line which both are plotted at the chart and the analysis of our candles and ATR ratio clarified us to publish this idea which this alt is going to moon soon
👉This idea has the confirmation of "advanced price action"
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ALPHA Support and Resistance LevelsALPHAUSDT Support and Resistance Levels
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ALPHA Long - Is this the bottom? Alpha is a great finance tool which enables you to get leverage on yield farming opportunities.
You can stake 1 Eth + $1000USD @ 2.5x enabling you to yield farm as if you had 2.5Eth + $2500 increasing the potential APY returns
Been waiting a while for this to really start moving.
Not trading advice!
Feedback welcomed.
🔥 ALPHA Triangle Break OutAfter seeing immense gains at the start of 2021, ALPHA has been showing consolidation for almost three months now. During this process a triangle pattern has emerged. With the recent altcoin market rally, ALPHA has finally broken this consolidation pattern and seems ready to continue its path upward.
Happy trading!
A midterm investment opportunity on alpha apparently based on good fundamental news which had been released on alpha and the way that the price had reacted to them
And under the understanding of the pattern which seems to be forming as an impulsive wave
this coin could be a good investment option for a period of 2 or 3 months.
Good Luck
ALPHAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 1-day timeframe, as you can see, we can trade for the above purposes
We are in a time frame of 4 hours. As you can see, we can buy the broken line upwards. For the above purposes, of course, it may hit a pullback and then go up.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
bullish on $ALPHA #ALPHAUSDTI am bullish on $ALPHA
* Super Algorithm Indicator is bullish. The previous bullish sign gave 410% non-leveraged.
* Current candle colour is green meaning bullish
* Ichimoku just turned strongly bullish on the current candle
>> Chiku green line is above price and has no tall candles in front of it
>> Price is above red tenkan and blue kijun
>> Bullish t&K crossover happened
* Parabolic SAR is bullish
* Good green volume above average
** Possible accumulation happening.
Target is 1.6fib at $4.7498 as shown
Price only entered the supply zone. It will likely eat the zone and then make the next big move