Alpha Venture DAO (ALPHA) - Bullish divergenceOn the above 2-day chart price action has corrected a whopping 95% since the sell signal in February 2021. A number of reasons now exist to be long, including:
1) The buy signal of course.
2) Price action and RSI resistance breakout with support confirmations.
3) Regular bullish divergence. Eight oscillators are currently printing bullish divergence over a 30 day period. Fantastic.
4) Everything that is said above is also true for the 2-day BTC pair (below).
5) Nudge nudge wink wink. Don’t know what I mean? Shame.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 - 18 months
Return: 10x minimum 15x likely
2-day BTC pair