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ALPHA / TetherUS

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ALPHAUSDT trade ideas

ALPHA.USDT (Y21.P1.E1).Re-accumulation HI All, Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation. With Alpha, its nice and a clean chart. It went with 4 bases and a toping off (distribution) phase as per the chart. Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level. This is the level where you should seek to reenter to long. I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time. So I will buy some it this formation and buy more as it breaks out. The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge. Once can't be sure until we see what happens in the coming days. All the best, S.SAri.
Long
by ssari
5
🔥 ALPHA Bearish Action In ChannelIn my previous ALPHA analysis I made the prediction that ALPHA would be declining after hitting the top of the channel. ALPHA is currently declining rapidly after Bitcoin uncertainty, moving towards the lower support of the channel. In my previous analysis I argued that the yellow box area would be a great time to buy in. That analysis still holds, since I'm still bullish on ALPHA. Although it needs to cool off a bit. I've marked a target around $1.10 which should be reached in case bearish pressure will continue. Around that area I'll be watching for a nice moment of re-entry, so keep an eye on my channel. Happy trading!
Short
by FieryTrading
26