Alpha
ALPHA.USDT (Y21.P1.E1).Re-accumulation HI All,
Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation.
With Alpha, its nice and a clean chart.
It went with 4 bases and a toping off (distribution) phase as per the chart.
Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level.
This is the level where you should seek to reenter to long.
I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time.
So I will buy some it this formation and buy more as it breaks out.
The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge.
Once can't be sure until we see what happens in the coming days.
All the best,
S.SAri.
🔥 ALPHA Bearish Action In ChannelIn my previous ALPHA analysis I made the prediction that ALPHA would be declining after hitting the top of the channel. ALPHA is currently declining rapidly after Bitcoin uncertainty, moving towards the lower support of the channel.
In my previous analysis I argued that the yellow box area would be a great time to buy in. That analysis still holds, since I'm still bullish on ALPHA. Although it needs to cool off a bit.
I've marked a target around $1.10 which should be reached in case bearish pressure will continue. Around that area I'll be watching for a nice moment of re-entry, so keep an eye on my channel.
Happy trading!
ALPHA to $4.25Alpha Finance have enough energy to go up!
--
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
--
Good luck and always use SL!
*** THIS IS NOT A FINANCIAL ADVICE *** DYOR!
ALPHA/USDT- Approaching Top 100 List on CMCPurely chart based ideas.
Haven't had enough time to research this project properly but as it moves into top 100 on CMC it goes on the radar.
This would be a spec buy based on low MC and ridiculously bullish markets.
As always, certainly not financial advice,
markets are pumped.
Caution on all entries, DYOR because I didn't.
Bingaz
Long on $ALPHA as a scalp for $2.81+ as shown. Long on $ALPHA as a scalp for $2.81+ as shown.
Looks to have broken the trendline and also have retested
Also have Super Algorithm saying bullish on 1 hour close.
However, thi is low tf. Hence, confidence is low.
This is scalp. And I would be cautious in adding any large sum here. Alt and low tf only can have low position size