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Alpha

🔥 ALPHA/USDT New Re-Entry SoonALPHA is one of those coins that simply keeps on giving. Since its November lows this coin has seen an increase of over 8,000% over the last couple of months. As marked on the chart, ALPHA seems to be inside a channel. At the moment ALPHA is very near the top resistance of the channel and the size of the candles are showing early warnings of a potential reversal soon. Beware that the top of the channel could easily be another +50% increase, so don't short without proper reversal confirmation. This post is to indicate that the next time to step into ALPHA for longer term investing would be around the end of February or start of March, assuming the channel holds. Do your own due diligence.
Short
by FieryTrading
17
Alpha 12h Be careful with long, it may hurtIn our previous idea, in November 2020, we wrote about a young and ambitious project from the DeFi sector the Alpha Finance Lab. In the same forecast, we assumed x3 growth and , of course, that it came true. After all, AlphaUSDT gave investors x75 from November to today. Karl x75 in 3 months ... this a mad cool) A fly in the ointment is volume ... the value of AlphaUSD is growing without volumes and this is a very bad sign. It looks like someone is pushing the price up to the target. Let us assume that the mark of $2 will be the culmination of sales. And further we can expect a fall and quite a strong one. The lower limit of the channel is around $1. And the liquidity zone is in the range of $0.67-0.73. It was there that an interested investor, and maybe the creator of the project, aggressively dumped the first portion of Alpha tokens. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
8
ALPHA - Similar Trend to INJ, will it also break downwards?I have been following ALPHA since it was about .11 or a little under, and noticed it was very bullish, the same pattern I saw in INJ (injective Protocol), I am a huge fan of INJ because it is used in almost every scenario in the future of a lot of our current tokens. I say the same thing about Open Graph (GRT). However, INJ simply hit a brick wall and is now consolidating back at $1.40 ALPHA has been going up steadily, but we are now seeing some bearish trends. We have the RSI being way ovebought, and we see a divergence happening with the last burst upwards. This can sometimes be an indicator that the trend is losing momentum, which can lead to a reversal. Also, there was really not that much consolidation at the previous level before this last burst upwards. We had TONS of consolidation around the .03, .04 range, and that builds a very nice base to have a bullish run. This one consolidated only around 6 candlesticks before it started back up. It has the same long green candlestick to start the trend, but the price did not go up as high, indicating a slowdown / or as I like to say - a much shorter time period in which the pattern is occurring. When we have a chart that continuously goes up, but the intervals of time become less and less, and the movement gets shorter, we are fundamentally changing the layout of the chart, and this happens prior to reversals also. Overall a nice run, I would expect a correction soon. Overall I am bullish on this.
BINANCE:ALPHAUSDLong
by Shwayze
6