Altura Partners with Unity: A Promising Future for ALUAltura Partners with Unity: A Promising Future for ALU
Altura, a cryptocurrency that recently partnered up with gaming giant Unity, is garnering attention from investors. Technical analysis suggests that ALU is looking bullish in the weekly chart, having broken major resistance levels. This article will delve into the potential of Altura, its entry levels, targets, and strong support, as well as provide some takeaways and a conclusion for investors.
Entry Levels and Targets:
As of now, ALU is trading at $0.035, with an entry-level between $0.033 to $0.036. Targets for investors in the long term include $0.083, $0.171, and $0.3. Technical analysis indicates that ALU has already broken major resistance levels, suggesting a promising future for investors who choose to invest in cryptocurrency.
Strong Support:
It is crucial for investors to consider strong support levels before investing in a cryptocurrency. For Altura, strong support is currently at $0.025. Keeping this in mind, investors can make informed decisions about when to invest in ALU.
Takeaways:
While Altura's recent partnership with Unity is a promising development, investors must do their research before investing in any cryptocurrency. Additionally, investing in cryptocurrency should only be done with a long-term view, as this allows for potential price increases to be realized.
Conclusion:
With Altura's partnership with Unity and technical analysis suggesting that ALU is looking bullish, investors may consider investing in the cryptocurrency for the long term. However, it is essential to keep in mind strong support levels, as well as do thorough research before investing. With these considerations in mind, investing in ALU has the potential to yield significant returns in the future.
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ALU
ALU.ASX_Range Breakdown_ShortENTRY: 30.60
SL: 31.85
TP: 28.91
- ADX>20
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI -ve
- Price action looks like rejected monthly and yearly CPR.
- Breakdown from range with high volume today. Would like the volume to be higher.
ALU - Trade PlanALU slumped hard but there could be another opportunity to buy it. It has closed the gap now but looks like it may consolidate a bit before going higher. It is currently forming a Bull Flag which is a very Bullish sign. My second scenario on this is that it may fall further towards the POC of Volume Profile around $27.00. My second buy zone is between $25.00 and 27.00, where it may provide an excellent buying opportunity. I will be monitoring ALU closely for either of the scenarios to play out.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALU.ASX_Range Breakout Trade_ShortENTRY: 24.88
SL: 27.75
TP1: 23.11
TP2: 19.77
- ADX>20
- RSI<50, RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range but prefer higher volume
ALU - Trade PlanMy Trading Bias for ALU is bullish as it has been coming down hard and has stopped falling right at $28.00 (Support) all the way from $40.00. It is also the Fib retracement level of 78.6%. I think ALU should move higher.
TP - $33.00 (potential gain 15%)
Stoploss - $27.40
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
ALU - Has it found Support?ALU has been coming down hard and has stopped falling right at $28.00 (Support 1) all the way from $40.00. If this support somehow breaks, then it might come down and test Trendline Support of $26.00 or even come down to Support 2 level of $24.00. In either scenario, we are very close to Support Zone and should be ready for a turn around in ALU.
My target for this trade will be the $34.00 - $35.00 zone as this is a Resistance Zone and also a High Volume Profile Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
buy zone $32.00 - $33.00 - good for long termlooks very promising, very strong fundamentals, team and Fortune 500 customers.
I would rather wait for entry zone between $32.00 - $33.00.
P.S: Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Nokia Approaches Long Term Trend Line Following Margin ErosionNokia is down nearly 10% in pre-market following it's disappointing margin announcement for it's core business, Nokia Networks. The stock has established a long term double bottom, is in a long term uptrend, and the 23.6% fib retracement level from its 2000 high to its 2012 low is at $16. Nokia need to hold the long term monthly uptrend for a continuation towards the 23.6% fib retracement level.
ALU Going for the resistanceWatch for:
- Touch of resistance of the down trend
- Moving averages - 200 was a good support, but others rolled over
Note - gap from November 2013 still to be filled so if it goes down, the gap will most probably bi filled. with a bounce of it.
Drop target - 3.20
Up Target - 4.50