ALPHAUSDT Waiting for the flag pattern breakout!ALPHAUSDT (4HCHART) Technical Analysis Update
Waiting for the flag pattern breakout
ALPHA/USDT currently trading at $1.61
Long Entry-level: Only buy after flag pattern breakout (above 1.68$)
Stop loss: below $below $1.39
Target 1: $1.85
Target 2: $2.00
Target 3: $2.37
Target 3: $2.75
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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Alpha
ALPHA/USDT - 4h - Analysis published on 03/13/2021It’s Cosmo 👩🚀 again, calling from the Moon … and I’m still re-balancing Moonraker (my Crypto Hedge Fund) as we have a bit of overweight on the longs due to the BTC and general market Hausse.
It’s getting difficult to find possible shorts as everything seems to be going to the moon (and beyond) and so do the indicators. But maybe I found an opportunity … today I’ll analyze the Alpha Finance Lab (ALPHA) Token against USDT:
… so, let's get started 😃 … Summary of the Analysis: ALPHA/USDT (4 hours time frame)
Trends: Short Term - Bearish & Long Term - Strongly Bearish
Crypto Screener™ (by TradingView) Rating: SELL
Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 13 Bearish; 10 Neutral & 3 Bullish
- Oscillators: 1 Bearish; 9 Neutral & 1 Bullish
- Moving Averages: 12 Bearish; 1 Neutral & 2 Bullish
Fundamentals: SELL
- Circulating/ Max Supply = 25% --> SELL
- No Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- No SIMETRY™ Rating (by Crypto Briefing)
- No Rating by TokenInsight
- No Asset Score™ by TokenInsight
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): neutral
- 1D (1 day frame): positive
- 7d (last 7 days): negative
My Opinion: SELL - Bearish under USD 1.856
My targets: USD 1.400 (-10.3%) & USD 0.966 (-38,1%) from current price level
ALPHA/USDT follows a strong bearish trend since ATH (all time high) on 02/05/2021. Traders may consider only short (sell) positions if the price stays well below USD 1.856 (Stop Loss Level = 1st light green line above current price; +19.6% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
To sum up my opinion: I’m convinced that the Alpha Finance Lab Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move (around 1 USD).
We broke monthly VWAP (volume weighted average price) downwards 3 days ago (on 03/10/2021) which is a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as the next analysis will focus on over- and underperforming (compared to BTC & USD) Coins or Tokens again.
With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about this? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!
Happy trading … like, follow and comment!
Published on 03/13/2021, 7:00 PM (UTC+1)
$ALPHA - DeFi correction breakout makes my eyes happyHere we have APLHA Finance Lab a platform that looks to bring in users from a variety of blockchains
Alpha Finance Lab’s first products each claim to bring an entirely new solution to the market. Alpha Homora is the first platform to introduce the leveraged yield farming concept and with the launch of Alpha Homora V2 in 2021, it will introduce the first smart contract that is capable of borrowing from another smart contract (Cream Finance) in an under-collateralized way. - (coinmarketcap) - clean DeFi opportunities associated with Alpha with innovation via $CREAM
Moreover, once launched, AlphaX will become the first Uniswap/Sushiswap-style perpetual swap decentralized exchange without order books. This will allow more individuals to access the benefits of perpetual swaps (such as trading on leverage), without having to understand how they work in the background. - (coinmarketcap) - so they also have a DEX releasing which is brilliant as all good DEXes only go up, e.g. $SRM
Technically we have had a huge correction phase which breakout of white line should put an end too
Optimum entries would have been in the 12H demand zone highlighted, found from the bottom left on entry to the range
Just need to flip the 200MA here and then we can head for 0.786 and the 1.0 fibs!
Lets go $ALPHA Finance Lab
🔥 ALPHA Triple Bottom Channel TradeALPHA has been inside a massive channel, see the analysis below for a long term overview:
At the moment, ALPHA is at a key level. Firstly, the lower support of the long term channel is hit. Secondly, there's a possibility for a triple bottom reversal.
Since ALPHA has been underperforming to many other cryptos, I think it's time for ALPHA to shine.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
just a possible OPPURTUNITY on ETHhey there
this is just a 10% possibility...
this is a Summary of my own strategy on ethereum trading in next days...
i tried to explain everything clear on the chart...
trigger zone is extremely important support...
if we break DOWNWARD and pass trigger zone , then i will buy some ETH on GREEN BUY ZONE...
BUY stay alert because if we loss danger zone i probably sell eth and wait for SECOND BUY ZONE area (this is just a possibility)...
my strategy will fail when price hit stoploss ...
🔥 ALPHA Channel Reversal TradeIf zoom the chart further out, you can see that ALPHA is currently trading inside a massive channel. At the moment, I've got a long-term ALPHA trade running which trades that exact massive channel, see below:
This trade is of a more short-term nature. The trade I'm currently presenting is solely based on the idea of a quick reversal of the price once it hits the lower support of the channel. Wait for the price to hit the Entry line before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
ALPHA Long term channel playALPHA Long term channel play
BUY: 0.965 – 1.34
TARGETS:
1) 1.8415
2) 2.9432
STOP: 0.788 (triggered when a 1D candle closes below)
Rationale:
-Channel has been forming for over 100 days
-Price has just tested bottom of the channel and was quickly bought up, resulting in a wick
-The dip to the bottom of the channel lines up with a support zone
Your risk, your reward. This is not financial advice.
Happy trading.
alphausdhey guys I'm MAG and this is alpha
so i think it determined wave B of a zigzag
FOR ZIGZAG correction we can expect 0.77 and 0.58
then we have 5th EXTENDED but it can be so long to reach the corrective targets
IT CAN GOES TO 60 $ al least IF correction ends in in 0.58
put SL on every position
be responsible for your trading
and trade like pros
ALPHAUSDT bull run continue!ALPHAUSDT (4H CHART) Technical Analysis Update
ALPHA/USDT currently trading at $0.430
Buy-level: $1.70 - $1.85
Stop loss: below $1.38
Target 1: $2.40
Target 2: $2.90
ALWAYS KEEP STOP LOSS...
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