ALPHAUSDT trade ideas
ALPHA: Getting ready to go?I'd be interested to hear from experienced technical analysts on this chart. I'm a novice and wrong-footed often by the market, but we keep learning and will die learning.
This set-up looks good to my eye. But please factor-in my inexperience.
It's an interesting one because it was already naturally retracing from a nice run 16 January to 5 February, when on 21 February it was hit by what the whole market felt as BTC went into its correction.
It had done a 0.618 retracement, which I consider normal, but also a sign of strength. It was then pushed down to the 0.786.
Like BTC, it printed an extended W formation and has just retested this pattern at the neckline.
You could say it's ranging, but there is an ascending trend line that it is respecting, and it remains solidly above the 0.5 Fibonacci level.
The RSI is looking nice. No divergence that I can see.
The MACD is more or less flat, but just crossing under on the daily, which suggests a touch of the ascending trend line before a move up.
It's running out of space within a few days.
On a 12r perspective, it's above the Ichimoto cloud.
On the fundamentals side, so far as I know it's a serious project with potential.
The possible measured move to the upside is around 97%, if it clears all its resistance points.
Please let me know your thoughts.
What am I missing, or what am I misreading?
ALPHAUSD - LONG (Bulls in control) Ascending Triangle 4 Hour Chart
Set up - Ascending Triangle
We can see ALPHAUSDT has formed a nice Ascending Triangle Formation, and price is starting to get very tight.
We have had a deviation breakout from this ascending triangle, price more often then not will not deviate from a breakout twice.
Price has found support, on the 0.618% Fib along with some Daily Order Blocks.
Any trades placed from here, stop losses should be below the 4 hour pin bar @ $1.65
We are targeting the upper order block resistances, and the Ascending triangle target.
This trade is offering us a 4 to 1 risk reward ratio, and bulls have the upperhand.
ALPHA HUMORAAPLHA UPDATE 2 APRIL 2021
LONG TARGET 8,1 USD IS POSSIBLE IN THE END OF THIS YEAR (2021)
ALPHAUSDT Backward from the marketWith great funding, there is a lot of room for growth
Pay attention to the areas of support and resistance and monitor
🚀ALPHA growth continues#ALPHA/USD
📌ALPHA growth continues
🔹Analysis: I have already laid out the idea () , when the asset was worth 1$, almost a month has passed since the last review on tradingview, the coin gave more + 60% profit, you can observe the local trend line along which the price moves, as well as the local support of 1.8$. Medium-term target of 3$ in the month of April will reach the target.
ALPHA - Second chanceWe're stuck in this zone for a short period of time. Second chance for accumulation. DO IT.
ALPHA-Time wise, correction is too small to resume the trend.
-2.29 to 1.61 was steep
-probable first wave drop, looking for entry near 618-786 retracement 2-2.13 zone
#DYOR
#Journal purposes
ALPHA NEW ANALISIS HELOO
this is my idea about the future of alpha
after breaks out trend line The price was supported in the $ 1.4 area.
the are two big resistance at price of 1.98 and 2.45
if price goes upper than basis line of BB successfully the is hope for ALPHA TO BE COUNTINUDE RISING
the 5th wave of Elliot is not complete yet for long term I expect something around 7 $ target
ALLERT : DO NOT TAKE ANY ACTION ON MARKET BASED ON MY IDEA DO YOUR OWN ANALYSIS
AlphaWe have a strong trend line here, that we don't sure about the support candles up of the line. but we have an another trend line that they cross each other, so we have two strong support line to hold candles up of the trend lines.
$ALPHA - DeFi and flat-top triangles = PumpALPHA a very promising DeFi project but yet to fully release and have its services utilised by the community
Technically we have a movement to mid of high to low where we are printing equal highs and rising higher lows
Safest entry should be on retest of the flat-top
Let's see....
ALPHA Go ONSee This chart clearly.
Buy Only Support Touch And Make 2 Candles 15Min :)
Happy trading <3
💡 ALPHA/USDT💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
