Alphausdtsignal
ALPHA Will Shows Significant Gains But Finally CollapsesHello, Skyrexians!
As you know we like to share with you analysis on crypto assets which are in uptrend and have significant potential to grow. Today we wanna show you the example of coin which is likely in global downtrend. For sure BINANCE:ALPHAUSDT has not set the lower low in comparison to previous bull run, but it dropped significantly to set the new ATH, that is we expect only exit pump.
Let's take a look at the weekly time frame. We can see that current bear market is much more intensive than on other assets. We can see here the clear 5 Elliott waves structure to the downside. The wave 5 is likely to be finished already finishing the wave 1 of higher degree. Green dot on the Bullish/Bearish Reversal Bar Indicator shows us the strongest reversal sign that bear market is finished.
It means, that large wave 2 can happen now. Despite this asset is in global downtrend it can make significant gains reaching 0.5-0.61 Fibonacci retracement level. Notice that this Fibonacci based on regular chart. We show Fibo chart for your convenience. The target is located between $1.47 and $1.87. After such incredible growth we expect the huge crash to new all-time low.
Best regards,
Skyrexio Team
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ALPHA target 0.21D time frame
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ALPHA is creating a bottom structure ranging from 0.5~0.7, and there are 3 obvious resistance zones on the chart. Considering the potential trend of Bitcoin and Ethereum, the first resistance (0.2) is the possible PRZ before bull coming. However, if bull market start running, we can expect 0.6 in next year.
TP: 0.2~0.26 / 0.4~0.43 / 0.6~0.7
SL: 0.057
ALPHAUSDT - Buy Setup!!ALPHAUSDT (1D Chart) Technical analysis
ALPHAUSDT (1D Chart) Currently trading at $0.085
Buy level: Above $0.084
Stop loss: Below $0.073
TP1: $0.09
TP2: $0.1
TP3: $0.12
TP4: $0.145
Max Leverage 3x
Always keep Stop loss
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Alpha USDT Long Entry Chats shows a bullish signBINANCE:ALPHAUSDT.P Alpha USDT
Price Break the resistance level .11276 now retest the in 1 Hr TF. Bullish Candle in 4 Hr very good bullish sign towards price more upward direction in coming hr. Price 2 times test the .12544 Level now again test this level. If price break this level or stay above this level at least 1 day then chances move upward direction. Otherwise again tested and rejected this level again.
Now we enter the .11500 level. And tp is .12511.