ALPHA analysis Hello, this is my first analysis. I want to know if I am on the right path or there are mistakes. I think the price will rise if I break it from the top. If you have any additions to help me, I want to tell them to me.
ALPHAUSDT.P trade ideas
ALPHAUSDT - Long by Supertrend, Pivot & ADX 8/4/20221. HIGH/LOW PIVOT:
- Pivot Left: 10 | Pivot Right: 10
Long trend identification:
- Higher High occurs after Higher Low.
2. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
3. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
4. OPEN POSITION RULE:
- BUY/LONG: reject to Supertrend at current timeframe.
ALPHA - Supply Line BreachedAlpha supply line broken - moves to the next fib areas likely
$.35-$.65 Range (Swing trade -- 1-3 months on the retrace)
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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...
ALPHAUSDT PLANstarted building spot position here, looking to add more once it closes above the arrow, target is marked
ALPHAUSDT is testing the supportThe price bounced new the weekly support on 0.09 as I told you in my previous analysis. After the bounce the price tested the daily resistance on 0.5 Fibonacci resistance as I told you in my previous Long idea.
At the moment the price is creating an ascending channel and it's testing the 0.382 Fibonacci level on 4h Timeframe
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
completed ABCD ?It seems there is a completed ABCD and I am now waiting for the H&S reversal. If so 10.81 wpold be the target for this short set up.
ALPHAUSDTPERPThe head and shoulder pattern is formed and the neckline is broken and the price is being bridged to the broken area. By seeing the appropriate Kendall pattern and returning the price, one can enter the short position.
ALPHAUSDT is testing the resistanceThe price got the liquidity below the triangle, and now the market is testing the dynamic and static resistance below the 0.5 Fibonacci level, it's a key level.
How to approach it?
The price needs to create a new Higher High from here, and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
ALPHAUSDT: Min R/P Ratio - 1:23In continuation of the previous idea for BTCUSDT , I share another long-term trading plan, but for ALPHAUSDT.
In general, the scenario will be confirmed in case of the beginning of a new growth cycle for BTCUSDT.
In addition, it is possible that the medium-term price correction is not over yet, and the ALPHAUSDT price may update the previously reached minimum price level: this moment can be used to increase a long position.
Potential R/P ratio at current levels is at least 1:23-1:39, and on a logarithmic scale it can reach more unimaginable values.
From the point of view of the technical aspects of the price: divergences have been formed on the trading volume, the structure of the waves indicates the end of the 3rd wave pattern with the end in the form of a final diagonal.
Best Regards,
CEO Tornado Capital
ALPHAUSDT needs to hold 1.272 Fibonacci levelThe price is testing the 1.272 Fibonacci level after the price melted more than 50% since my previous idea.
At the moment the market is creating a channel between daily resistance and support.
How to approach?
IF the price is going to lose the 1.272 Fibonacci ext, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
ALPHA - Short after FED meeting if rates will be rased by 0.75Right now market is still, waiting for FED meeting later today.
If rates will be raised by 0.5%, I'll expect some pullback for the market, but if we see 0.75%, it would be wise to look for shorts.
ALPHA is interesting because it's in the end of formation and can go either way, so I will choose direction after FED meeting.
Reasons to take short
⭐️ Bearish BTC
⭐️ Formation is seen on multiple timeframes
⭐️ Formation 6d old
⭐️ We are in the end of formation
⭐️ 4th touch
⭐️ We may see false breakout
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
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
time to flush it all #alphaoutstanding shorts may be closed triggering cascade of liquidations+buys into macro retest
ALPHAUSDTALPHAUSDT accumulation ranges
Does not matter if we are in a bear or bull market , we are around -96% of ATH on $ALPHA
ALPHAUSDT in descending channelALPHA approaching weekly support and from there it will go on liquidity hunt towards the untested orderblock.
Analysis:
Trapped in descending channel
Testing 4hour as resistance
Traveling towards weekly support
Will hunt liquidity from below order block
Entry: 0.3161, 0.2646 and 0.2216
Stoploss: whatever you can afford to loss :)
ALPHA LONG#ALPHAUSDT
On the 1D timeframe chart, $ALPHA already broke out of descending parallel channel.
Looking at mid $0.2s as final take profit target , with invalidation on daily close below $0.12
Alpha will rise short term alpha showing some strenght around support level and there is probability that it will go higher towards 0,211-0,25 usdt which is untested S/R level
ALPHA/USDT LONG SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALPHA/USDT TRADE setup. ALPHA looks good here.
ALPHA is breaking out from the descending triangle in the 4hr time frame. Expecting a big move from here. Buy some now and add more in dip.
Entry range:- $0.15-$0.16
Target1:- $0.178
Target2:- $0.194
Target3:- $0.226
Target4:- $0.242
SL:- $0.14
Use low leverage 4x-6x
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Also, share your views in the comment section.
Thank You!
