Alphacoin
#ALPHA/USDT#ALPHA
The price has been moving in a descending triangle since May 2022
The price gained support at 35
The price is now at the upper border of the channel at 0.070
About to break the downtrend
The price is expected to break the downtrend
At the first price of 0.0900
First goal 0.0160
Second target 0.2170
Which represents 300% of the current price
With an oversold presence on the MACD
The price will be paid after breaking the moving average 100
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ALPHA/USDT Break the Symmettrical Triangle, Bullish Momentum??Yello Paradisers, Break Alert!
💎Alpha has broken the symmetrical triangle pattern on the 4H timeframe, and is currently in the retesting phase on the resistance-turned-support trendline of the symmetrical triangle. To avoid a false breakout, we need confirmation at a higher timeframe, as the 4H timeframe has already validated the breakout.
💎 There is potential for the price to continue its upward movement and test the Bearish OB or supply area, which is crucial for Alpha. If Alpha successfully breaks the supply, it could easily continue to target profits 2. However, if it fails to do so, Alpha might revert back down.
💎 If Alpha maintains its position above the key support in the daily timeframe, this scenario remains valid. However, if it loses this support, the scenario would be invalidated, and a re-evaluation of the market conditions would be necessary.
🟢 ALPHAUSDT - 1D (26.09.2022)🟢 ALPHAUSDT
TF: 1D
Side: Long
Pattern Bull Pennant
SL: $0.0939
Leverage: 5x
TP 1: $0.1212
TP 2: $0.1333
TP 3: $0.1431
TP 4: $0.1529
This thing is looking super oversold. It could have a nice run up if BTC pumps.
Alpha is forming a falling wedge, 50% this week.Alpha is forming this bullish falling wedge which will go up roughly about 50% as in the previous pattern. And it's going to be only showing strong rise movement from there. I'm predicting it will hit its previous all-time high between 1 - 2 more months. Full potential. Hold your pocket cuz we're going to Jupiter. With its low risk to high reward ratio, It's a no-brainer and I'm sure everyone will be disappointed for not picking this coin!
Alpha Comprehensive AnalysisI see a static resistance around 2230 satoshi which is tested and then denied about 7 times lately. In theory I assume that resistance is finally broken so what is the target? A giant dynamic resistance has been formed since day One of alpha(The great gray line). Price has been playing below that grey line for about 90 days. That is a strong and serious line which may cause a delay on price growth. Now Price around that line is around 2800 satoshi.
Above is another trendline which has been formed since the local top around Mid-May.Now Price around that line is around 3000 satoshi. That is a focal point which may let price grow through last top area (7k satoshi).
So There is a road to ride for Alpha and there is a safer way with fundamentals. Team has released many great news about a product called Alpha X. I personally think if price tend to break aforementioned lines, it absolutely needs driving fundamentals like Alpha X( In case of a great product). Below I highlighted a Fibo channel which shows good points to take profits.