Alpha going to rock 🤘Alpha has been in a descending triangle for a long time.
I expect it to broke this channel with a strong weekly candle, then as the first leg-up, I hope it will re-gain $1 area.
Don't forget that Alpha Finance Lab (which recently changed it's name to Alpha Venture DAO) has built a great platform, which has great functionalities & features for dApp makers & web3.0 projects.
I think it's a good opportunity to hunt this beast here...
ALPHAUSD
ALPHA - Looking like a great level breakout!⭐️ BTC bullish and did a false breakout
⭐️ Mirror level is visible on daily timeframe
⭐️ Volume is at bottom
⭐️ 3rd touch
⭐️ Level is 4 days old
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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 (Alpha Finance Lab) Token Analysis 26/03/2022Fundamental Analysis:
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.
The platform aims to produce an ecosystem of DeFi products that address unmet needs in the industry while remaining simple to use and access. The first product built by Alpha Finance Lab is Alpha Lending, a decentralized lending protocol with algorithmically-adjusted interest rates.
Leveraged yield-farming platform Alpha Homora was the second product launched by the platform, whereas AlphaX — a non-orderbook perpetual swap product — is scheduled to launch in 2021.
ALPHA is the native utility token of the platform. Token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. Other use cases for the token include liquidity mining and governance voting.
Alpha Finance Lab will implement governance via a decentralized autonomous organization (DAO) allowing ALPHA holders to vote on the specifics of future Alpha products, and decide how they interoperate. This governance procedure is split over two levels: product-level governance and finance-level governance, giving token holders a great deal of control over the future of Alpha.
Alpha Finance Lab looks to differentiate itself from other DeFi ecosystems by actively seeking, identifying and addressing unmet needs in the DeFi space with a breakneck development cycle.
Unlike other platforms, Alpha Finance Lab looks to ensure its solutions don’t just offer in-demand utility but are also user-friendly, helping to make DeFi more accessible. Each product developed by Alpha Finance Lab also acts to bolster the entire Alpha ecosystem, by providing additional utility for ALPHA token holders.
Alpha Finance Lab’s first products each claim to bring an entirely new solution to the market. Alpha Homora is the first platform to introduce the leveraged yield farming concept and with the launch of Alpha Homora V2 in 2021, it will introduce the first smart contract that is capable of borrowing from another smart contract (Cream Finance) in an under-collateralized way.
Moreover, once launched, AlphaX will become the first Uniswap/Sushiswap-style perpetual swap decentralized exchange without order books. This will allow more individuals to access the benefits of perpetual swaps (such as trading on leverage), without having to understand how they work in the background.
As an ERC-20 token, ALPHA is backed by one of the most robust and secure blockchain networks in popular usage — Ethereum. It is kept secure by its extensive proof-of-work (POW) mining network, which uses an army of dedicated miners to maintain the integrity of the network.
Although Alpha Finance Labs has dedicated developers and researchers, it also relies on external audits to ensure its smart contracts are secure. For example, Alpha Finance Labs has enlisted both PeckShield and Quantstamp to audit the smart contract code for Alpha Homora V2.
The ALPHA token was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion ALPHA.
According to Binance’s Alpha Finance Labs research paper, the total supply of ALPHA tokens is allocated as follows:
Binance Launchpad Sale: 10.00% of the total token supply
Binance Launchpool: 5.00% of the total token supply
Private Sale: 13.33% of the total token supply
Liquidity Mining: 20.00% of the total token supply
Team & Advisors: 15.00% of the total token supply
Ecosystem: 36.67% of the total token supply
Alpha Finance Lab (ALPHA) launched in 2020, following a public token sale on the Binance Launchpad.
The platform was founded by Tascha Punyaneramitdee, Alpha Finance Labs' project lead and a former head of strategy at Band Protocol. Prior to her position at Alpha Finance Lab, Punyaneramitdee gained extensive experience working with global financial firms — most recently working as an investment banking analyst at Jefferies from 2017-2018, and product manager at technology giant Tencent from 2018 to 2020.
In addition to Punyaneramitdee, the Alpha Finance Labs core team also includes lead engineer and blockchain researcher Nipun Pitimanaaree, a graduate in Mathematics and Computer Science from Massachusetts Institute of Technology (MIT) who won a gold medal at the International Mathematical Olympiad (IMO) four years in a row.
In total, the Alpha Finance Labs team consists of at least seven members, according to its official LinkedIn page.
The current CoinMarketCap ranking is #319, with a live market cap of $137,289,217 USD. It has a circulating supply of 446,330,126 ALPHA coins and a max. supply of 1,000,000,000 ALPHA coins.
Technical Analysis:
The Price has fallen 90% of its All Time High and now is Ranging below its 85% which is a sign of Discounted Price and being Under Value. currently we can observe that it is Accumulating the Volume and soon the Smart Money will move the Price to its higher levels.
There exist a Bullish Divergence of Price with MACD which is the sign of Bearish Trend Reversal and start of a new cycle.
we have defined 3 Targets using the Fibonacci Trend Based Extension Tool, where as the said Targets are having confluences with the Fibonacci Extension of the Current Main Cycle.
3 TP Gets its Confirmation as if the Price Touches the 2 TP followed by some Price Correction to the lower levels and new Volume accumulation.
ALPHAUSDT - Descending Channel BreakoutALPHAUSDT (1D Chart) Technical analysis
ALPHAUSDT (1D Chart) Currently trading at $0.315
Buy level: Above $0.311
Stop loss: Below $0.250
Target 1: $0.349
Target 2: $0.456
Target 3: $0.60
Target 4: $0.78
Target 5: $1
Max Leverage 2x / Spot Market
Always keep Stop loss
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alpha long or short?Black Mountain Analytical Team:
alpha 3 possible scenarios
Wait for the price reaction to the area and zone.
We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter.
We are currently monitoring it to catch it in the first price movements.
TREND LINE-Resistance area
ALPHA inverted H&SAlpha Finance Lab is forming Inverted Head and Shoulders🤷 and if price breaks up I think there is chance for run to 1.1 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.9610
SL : Right Shoulder @ 0.9047
TARGET : Inverted H&S target projection @ 1.1030
RRR : 2.6
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.