ALCXUSDT (Alchemix) Updated till 09-10-24ALCXUSDT (Alchemix) Daily timeframe range. finally it got out of its old range. almost close to 19.49 at this volume it can reach there and further if we dont see volume drop. recent support at 15.74.
ALCXUSDT trade ideas
ALCXUSDT.1DAnalyzing the daily chart of ALCX/USDT (Alchemix paired with US Dollar Tether), it is evident that the market has exhibited a significant bearish trend from May into August 2024. Here's a detailed breakdown of the technical analysis:
Trend Analysis
The chart illustrates a descending trend that was prevalent until recently, marked by the descending green trendline (S1). This line served as dynamic resistance, pushing the price lower. However, there's been a recent break above this trendline, suggesting a potential shift in market sentiment from bearish to neutral or mildly bullish.
Support and Resistance Levels
R1 ($17.18): This level is the first major resistance post the trendline break. It coincides with previous price reactions, indicating its significance.
R2 ($19.40): Above R1, R2 represents a higher historical reaction point which could serve as the next resistance if a bullish momentum is sustained.
S2 ($10.66): With the recent trendline break, S2 becomes a crucial support level if the market retraces. Its significance is underscored by being a recent low, making it a potential pivot point for further bullish or bearish moves.
Current Market Position
Currently, the price is around $14.84, which is above the broken trendline S1 and below R1. This position is crucial as it tests the newfound support level at the trendline.
Trading Strategy
Given the break of the trendline S1, there is potential for bullish movements. My strategy would involve watching the market response near R1 at $17.18. If the price consolidates or forms a bullish pattern below R1, I might consider a long position with a target at R1 and possibly extending to R2, setting a stop-loss just below the recent breakout point or S2 to manage risks.
Conclusion
The break above the trendline S1 indicates a possible change in the bearish momentum. It is crucial to monitor how the price behaves around R1 to confirm if the bullish sentiment is strong. Should the price fail to sustain above the trendline and fall back below, re-evaluating the bearish scenario would be necessary. This analysis highlights the importance of adaptable strategies in response to key technical levels and market movements.
ALCXUSDTWe can attempt to short ALCXUSDT from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
ALCXUSDTWe can attempt to buy ALCXUSDT from specified level as it making HL , also 0.5 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
ALCXSPOT buy, don't miss this opportunity. ALCX looks like it will explode.
Need to take and hold 26.9-27.
100% possible move up for wave 1 only. long term price for final bullish cycle 370-1745
ALCX/USDT Finally TP !!! Update 08/04/2024ALCX/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS":
It was slow...very slow...19+days... but finally we are here, survived strongest & smartest only! :)
Stop Loss (SL): @ 28.17 USDT
Entry Point: 31.55 USDT
Take Profit (TP): 38.62 USDT
PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point.
( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & re-entering wait for the price retracement to ( 1 )- EP-SL area or for the next new set up ;)
Congratulations to all traders with profits again! ;)
Alchemix (ALCX)On the above 4-day chart price action has corrected by 95% since a sell signal printed. Today is great long opportunity. Why?
1) RSI and price action resistance breakouts.
2) Multiple oscillators print bullish divergence. Look left.
3) Price action prints on support. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: don’t know. 2 years ago it was 2k per token.
ALCX - USDT Update 29/03/2024G-Money's short version analysis based purely on technical analysis only, no nonsense "BS":
Stop Loss (SL): @ 28.22 USDT
Entry Point: @ 31.61 USDT
Take Profit (TP): @ 38.61 USDT
PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point.
( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
it is a bit "sluggish", but it is not really a big surprise with a low average volume around 80k
Exciting Opportunity Alert! ALCX/USDT 🚀 **Exciting Opportunity Alert! ALCX/USDT 📈**
Hey Trading Community! 👋💼
📊 **Market Analysis:**
- ALCX/USDT is showing significant growth potential!
- 📈 Breaking out of an ascending channel after a notable drop.
- Even a correction to $13 is seen as a positive opportunity.
🚀 **Key Levels:**
- Critical breakout level at $27.80 to avoid potential bearish divergence on RSI this week.
- (DCA) at current levels and the rest if a breakout fails.
💡 **Important Notes:**
- 🔄 Low circulation supply (2 million tokens) and a modest market cap ($34 million).
- 🚀 Similar coins like TRB & GAS experienced significant pumps.
📈 **Trade Safely:**
- 🛡️ Always implement risk management strategies.
- 📚 Do your own research before making any trading decisions.
🚨 **Disclaimer:**
- Not financial advice. Trade responsibly and seize opportunities wisely.
Happy Trading! 🌟💹
ALCX local trade - long positionBINANCE:ALCXUSDT
Take a look on this potential trade (spot and perp) for Alcx
Possible Targets and explanation idea
➡️12H timeframe. Local fib waiting test -0.618 lvl
➡️At same level current moment "Buy Line" based on take profit indicator
➡️Based on money power whales start step by step inflow money
➡️Waiting accumulation phase on Direction indicator
➡️More likely 17-14 range will be good time to buy for reversal move in spring
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ALCX - Pay attention alchemix v3 upgradeThe team has worked on projects such as Synthetix and Curve Finance.
The fixed-interest lending and staking platform offers a variety of benefits for users. The team consists of experienced people and the project has a strong community.
Technically: There is no resistance until $149.
Have a nice flight! 🔥🔥
ALCX USDT SPOT AREAHello Trader BINANCE:ALCXUSDT
most likely ihns for the spot chart, can buy if the pattern breakout, proof of valid sign 35.66 area just keep watching
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
#alcx is moving ahead Here' s the macro chart of #alchemyx .Bullish cup & handle must reach it' s target in MID TERM.
NOT FINANCIAL ADVICE.
ALCXUSDT.4HBased on the given market data, the cryptocurrency ALCX is currently trading at $23.38 against USDT.
In the short-term (4-hour chart), the Relative Strength Index (RSI) is at 44.88, which suggests that the token is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at 0.08, indicating a bullish trend. However, the price is currently below the Bollinger Band (BB) median line of 24.95, indicating a potential downtrend. The immediate supports are at $22.91, $22.02, and $21.13, while the resistances are at $25.22, $26.7, and $28.60.
In the medium-term (1-day chart), the RSI is at 45.83, also indicating a neutral trend. The MACD is at -0.60, suggesting a bearish trend. The BB median line is at 28.06, and the price is below this line, indicating a potential downtrend. The immediate supports are at $22.82, $21.31, and $19.00, while the resistances are at $27.0, $29.48, and $31.78.
In the long-term (7-day chart), the RSI is at 56.35, suggesting a slightly bullish trend. The MACD is at 2.69, indicating a bullish trend. The BB median line is at 31.53, and the price is below this line, suggesting a potential downtrend. The immediate supports are at $19.27, $13.59, and $10.03, while the resistances are at $27.60, $32.56, and $42.30.
In conclusion, ALCX is showing mixed signals across different time frames. The short and medium-term charts suggest a potential downtrend, while the long-term chart indicates a bullish trend. Therefore, it is advisable for traders to keep an eye on the market conditions and use stop losses when trading. Also, this analysis is based on technical indicators, and traders should also consider fundamental factors such as news and market sentiment.
ALCXUSDTALCXUSDT
Please note that trading is done at your own responsibility; the above is merely my opinion.
#ALCX #alchemyx bounce I showed on the chart, this may be the local dip of $ALCX
NOT FINANCIAL ADVICE.
ALCXUSDT(Alchemix) Daily tf Range Updated till 29-12-23ALCXUSDT(Alchemix) Daily timeframe range. tried to break through 30.81 3 times back to back but need more retail interest for that. it would be easy way till 41.68 if it can get through clean. but 30.81 positions holders not letting go that easy for now.
[18-12-2023] $ALCX WARMING UP BEFORE PUMP - HOURGLASS GEOMETRY$ALCX now in support box, me expect some swipe around fib level 38.2
I will buying more below that level, target at fib level 78.6.
Hourglass geometry is my fav geometry, love this and looks funny ⌛
#ALCX/USDT LONG#ALCX
The price has been moving in a bear flag since July 2022
We have oversold on MACD.
And the moving of the 100 was broken strongly.
We expect a correction to the level of 20.00.
Current price 22.00
First Goal 25.59
Second Goal 31.54
Representing 150% of the current price
ALCXUSDT 3D LONG📈Hi all. Timeframe 3D. ALCXUSDT is in consolidation and pressed towards the trend. Increased buyer volume. I consider going long during a breakout/retest of a trend line. Marked goals and levels on the chart.
Alcxusdt potential 8X opportunityIdentified a bullish falling wedge reversal setup, price already flipped over the trendline resistance.
We should focus on the area of interest shown on the chart for possible tradable action.
#ALCX to the moonA clear breakout of a long time processing falling channel.
Aaaand, retested. What now? ;)
NOT FINANCIAL ADVICE.
ALCX poised for a move up to the next levelThe image shows a chart with an Elliott Wave pattern applied to the price data of ALCX/USDT on a daily timeframe from a Binance chart. The Elliott Wave pattern consists of a five-wave structure, with three impulse waves (1, 3, 5) that move in the direction of the trend and two corrective waves (2, 4) that move against it. In the image, waves 1, 2, and 3 have been completed, with wave 3 showing a strong rise. Wave 4 appears to be a corrective phase, and the chart suggests that a fifth wave is projected to reach a target of 1.618 times the length of wave 1 (indicated as "1.618 (27.22)"). This is a common Fibonacci extension target for a wave 5. The pattern is overlaid with trend lines that form a converging wedge or triangle, indicating the consolidation and breakout points.
