✴️ Stella's Potential Beyond 700% Mid-Term (Cryptocurrency)A quick recap:
Short-term = within 30 days (1 month)
Mid-term = within 1-3 months.
Long-term = within 6 months.
Long-long-term = 6-12 months or more (can be years).
ALPHAUSD (Stella) has gone through the entire cycle and is now entering the initial phase of the next bullish wave.
The cycle is something we've been looking at repeatedly since the start of 2023.
We have a bull-market that ended in 2021.
Most of the mayor Altcoins peaked on the first half of the year while some others peaked the second half; All of Cryptocurrency peaked in 2021.
The bear marked unraveled in 2022 with most of the Cryptocurrencies hitting bottom May/June and some on the second half of the year.
In January 2023, after a phase of consolidation, the market went green, this is true for the entire Cryptocurrency market.
A after a strong bullish move, a correction is normal and that's what followed.
The first low of the correction ended mid-March, another low but still a higher low compared to Dec. 2022 happened mid-May... Many variations of course but we have a bullish wave followed by a correction, then consolidation and now the resumption/continuation of the initial bullish trend.
Stella/ALPHA is in this phase.
We can see it moving weekly above EMA10 and EMA21 with a strong RSI, volume very likely also good while not shown on this chart.
This same dynamic, higher highs and higher lows, is set to develop all across the market; The entire Cryptocurrency market is set to produce additional growth . Just as we saw in January... That's how it goes.
Maybe it will take 3-4 weeks rather than 1 week?
Maybe it will take more than a month?
It doesn't matter... PATIENCE IS KEY
What we know for sure is that EVERYTHING WILL GO UP!
Namaste.
Alpha
Miracles Happen - ALPHA USDTOG DeFi Play ALPHA has had some stick recently trying to get some funds back from a partner but prices is still showing some decent wicks up which appear to be getting sold as it comes inclose to the long down trend line will price action push above for a miracle breakout?
Showing some bearish divergence which doesn't bode well for potential upside but at the same time printing higher highs and higher lows which is positive.
Can see a potential inverse head and shoulders pattern forming as well.
There is also a bullish wedge forming.
Finally the cloud is showing massive resistance, but if we get a strong breakout and a close in the cloud it could be action time for ALPHA for an edge to edge trade of the ichimoku cloud.
Some good R:R if we breakout, I will be watching closely but expecting nothing.
Peace. NFVeeJ.
ALPHA/USDT WCA - Inverted Head and Shoulders PatternHello and thank you for taking the time to read my post. Today, we analyze the ALPHA/USDT chart on the weekly scale, focusing on a classic price pattern called the "Inverted Head and Shoulders Pattern."
Inverted Head and Shoulders Pattern:
The inverted head and shoulders pattern is a bullish reversal pattern that occurs at the end of a downtrend. It is characterized by three troughs or valleys, with the middle one being the lowest (the head) and the two on either side being relatively higher (the shoulders). The pattern is completed by a horizontal line called the "neckline," which connects the highs of the shoulders. In a nutshell, the formation of the inverted head and shoulders pattern signals a potential reversal from a downtrend to an uptrend.
Remember, this is just a brief introduction to the technical aspects of the inverted head and shoulders pattern. As you delve deeper into this topic, you'll discover more nuances and practical applications that can enhance your trading strategies.
Additional Analysis:
As we carefully study the ALPHA/USDT weekly chart (Binance), a diagonal resistance line (blue) emerges, which began on 01/02/2021 and has been acting as a staunch barrier ever since. Another key observation is the 50 EMA still displaying its resistance role, indicating that we should focus on observing rather than trading. The neckline, a vital element of this pattern, has formed in the price area of 0.1831 and is now 350 days old, which corresponds to 11.5 months. This insight is crucial as the longer a price pattern consolidates, the more forceful the breakout will be when it eventually occurs.
The near-perfect symmetry between the shoulders adds an artistic touch to the pattern, and we can also observe positive momentum in the form of a bullish engulfing above the symmetry line. For intrepid traders, this could represent an early entry opportunity, with the stop-loss positioned at the symmetry line. However, we advocate waiting for a breakout above the neckline, as the resistance is undoubtedly formidable. In this case, patience is truly a virtue. Thus, this pattern is more suited as a watchlist candidate than an active trade to enter at this time.
Conclusion:
The ALPHA/USDT weekly chart showcases an Inverted Head and Shoulders Pattern, reflecting a potential reversal from a downtrend to an uptrend. By closely monitoring the pattern's intricacies and the market's subtle cues, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
ALPHA CAN GO UP AGAINHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ALPHA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alpha Venture DAO (ALPHA) forming bullish BAT for upto 35% pumpHi dear friends, hope you are well and welcome to the new trade setup of Alpha Venture DAO (ALPHA).
On a 4-hr time frame, ALPHA with Bitcoin pair is about to complete a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
What can A.I. powered trading system do to generate alpha?No wonder trading is hard! I have been watching and learning how to trade the futures for the last couple of years and it’s been a remarkable learning curve for me! The dramatically changing market conditions and extreme volatility can make newbies like me get caught up in emotions and left looking for help.
I recently came across a very interesting website that publish their proprietary AI-based trading strategies every morning along with the results these models generated during that trading day. Interestingly, their trading system’s return has been more than double over the last 4 years, while the system’s beta has been ZERO! Does this prove the robustness and fundamental strength of AI-powered trading systems?
Would love to know what other traders think. Feel free to comment.
Google in inverted head and shoulders.Alphabet - 30d expiry - We look to Buy at 95.11 (stop at 91.82)
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 94.20.
Levels below 95 continue to attract buyers.
The primary trend remains bullish.
Dips continue to attract buyers.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 103.33 and 105.33
Resistance: 101.00 / 103.50 / 105.00
Support: 97.00 / 94.20 / 91.80
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.