ALPHAUSDT (ALPHA) - BULLISH SETUP ANALYSIS 🔎
- ALPHAUSDT is consolidating in a symmetrical triangle (ST) pattern.
- A symmetrical triangle pattern is a neutral pattern.
- We're in a bullish market, so I'm looking at a potential breakout 🔼.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
Alpha
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NYSE:NVS
$ALPHA - should get sent soonAlpha is a brilliant DeFi project with great prospects
Chart looks damn bullish
We had major expansion where it found a top early feb
Moved to consolidation in this ascending triangle/range
1.867 has been the 1D resistance, close above and hold of that level and the breakout should be imminent
ALPHA: Getting ready to go?I'd be interested to hear from experienced technical analysts on this chart. I'm a novice and wrong-footed often by the market, but we keep learning and will die learning.
This set-up looks good to my eye. But please factor-in my inexperience.
It's an interesting one because it was already naturally retracing from a nice run 16 January to 5 February, when on 21 February it was hit by what the whole market felt as BTC went into its correction.
It had done a 0.618 retracement, which I consider normal, but also a sign of strength. It was then pushed down to the 0.786.
Like BTC, it printed an extended W formation and has just retested this pattern at the neckline.
You could say it's ranging, but there is an ascending trend line that it is respecting, and it remains solidly above the 0.5 Fibonacci level.
The RSI is looking nice. No divergence that I can see.
The MACD is more or less flat, but just crossing under on the daily, which suggests a touch of the ascending trend line before a move up.
It's running out of space within a few days.
On a 12r perspective, it's above the Ichimoto cloud.
On the fundamentals side, so far as I know it's a serious project with potential.
The possible measured move to the upside is around 97%, if it clears all its resistance points.
Please let me know your thoughts.
What am I missing, or what am I misreading?
ALPHAUSD - LONG (Bulls in control) Ascending Triangle 4 Hour Chart
Set up - Ascending Triangle
We can see ALPHAUSDT has formed a nice Ascending Triangle Formation, and price is starting to get very tight.
We have had a deviation breakout from this ascending triangle, price more often then not will not deviate from a breakout twice.
Price has found support, on the 0.618% Fib along with some Daily Order Blocks.
Any trades placed from here, stop losses should be below the 4 hour pin bar @ $1.65
We are targeting the upper order block resistances, and the Ascending triangle target.
This trade is offering us a 4 to 1 risk reward ratio, and bulls have the upperhand.
ALPHAUSD – Potential 79% gainsBUY: 1.64 – 1.74
TARGETS:
1) 2.00
2) 2.47
3) 2.94
STOP: When a 4h candle closes below 1.28
Rationale:
-Price has reclaimed the 4h 100 EMA and 200 EMA and is holding above (bullish)
-Bullish divergence has formed (pink lines)
-Price has just broken and retested the upper trendline support (upper white line)
-Price will likely re-test the EMAs again before making a strong move up
-As long as price remains above the EMAs we are bullish.
Your risk, your reward. This is not financial advice.
Happy trading.
ALPHA (ALPHAPERP) – Long signalBUY: 1.92 – 2.09 (Wait for price to enter buy zone)
TARGETS:
1) 2.48
2) 2.98
STOP: When a 4h candle closes below 1.5
Rationale:
-Price has been respecting two diagonal trendlines and has just broken out and retested the trendline, converting it to support.
-The trendlines intersect in the same area as the 100 and 200 EMAs. This confluence indicates it is a strong level of support.
-Volume has increased after the retest, and the RSI is looking strong.
-Stop loss is positioned under the trendlines and 200 EMA.
Your risk, your reward. This is not financial advice.
Happy trading.
🚀ALPHA growth continues#ALPHA/USD
📌ALPHA growth continues
🔹Analysis: I have already laid out the idea () , when the asset was worth 1$, almost a month has passed since the last review on tradingview, the coin gave more + 60% profit, you can observe the local trend line along which the price moves, as well as the local support of 1.8$. Medium-term target of 3$ in the month of April will reach the target.
$ALPHA - DeFi and flat-top triangles = PumpALPHA a very promising DeFi project but yet to fully release and have its services utilised by the community
Technically we have a movement to mid of high to low where we are printing equal highs and rising higher lows
Safest entry should be on retest of the flat-top
Let's see....