perfect entry pointSo, although indicators are not very promising on this, you can see as ALPHA bounced on 0.618 and now it's heading up. The chart pattern is a bullish one during a bull market = it's matter of time before it pumps.
If daily candlestick close as a hanging man I expect price to test again 0.5 and pennant's bottom but eventually it'd go up.
If you have not much time to stare at the chart right now just buy in and wait settling a stop loss calibrated on my risk/reward scheme. Another possibility is to set a buy order between current price and support. If instead you can spend time in front of the monitor just wait and try to catch the bottom, I think it'll be a small retracement anyway, less than 5% if I had to bet.
If I had fiat I'd enter this... unfortunately I've all invested right now
ALPHAUSDT trade ideas
ALPHAUSDT - EW analysis - is it 5th wave ?ALPHAUSDT - it seems like subwave 2 correction is over within 5th wave and expecting more upside. But it should give impulse up as confirmatory move before get in to set up. Once the price crosses above 2.133 it is confirmed the 5th wave up. If it confirms the impulse in 15 min time frame since the last minor low, then pump it with stop level below 1.3753 for target zone above 3.80 or even higher level.
Give a thumbs up if you really like the Elliott wave analysis.
Long term profit for alpha incoming !After a successful prediction for a large profit on alpha the trend broke and started a short squeeze. This squeeze might keep for a couple of days and then should start a new uptrend. In the long term you should be able to pick a 100 % profit. Place your stop loss at 1 $ and your sell limit at 3 $ it will most likely go even higher in the long term, but at this point ill do a new post for sure. Also the fibonnaci retracement correspond to the break time !