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ALPHABTC

ALPHA - Consolidation (As you asked)What you're seeing here is a consolidation after breakout. The price broke out but now it's building up a volume of Supply & Demand to confirm the breakout. The more volume on supply, the more correction to lower prices. But right now the Demand volume is higher so I'm predicting a retest at the resistance area soon. Watch the prices for now and don't open any positions, but if you're looking into opening long positions, then wait until a 4H candle closure above the resistance area. Target and Support areas are shown on chart. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
A
by ShawnMCR
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.
Long
by Moonseekers