Watch Alpha's setup. It's priming for a move up after being oversold. $3.90 target is in place.
Entry : 1.2284 SL : 0.4099 TP : 2.0469 WIN RATIO : 1:1
if Alpha Breaks the Orange Trend (Resistance) the next targets will be the green ones shown on the chart. Note:- Please it is not financial advice, I just shared my opinion
ALPHA looking like FTM did before breaking resistance. ALPHA making higher lows (black trend line), so expecting a higher high beyond @ 3850 sats (purple region).
After breakout in RSI and price chart with good volume we buy one step.
For almost three months now, ALPHA has been trading inside this horizontal channel. This morning, ALPHA started seeing a strong influx of bullish sentiment, making the price shoot up. Large bars, accompanied by large volume are currently pushing ALPHA out of the channel. Wait for the bar to close above the channel before entering a trade. DYOR. Happy trading!
as its shown in the chart, BINANCE:ALPHABTC is trading in a side channel and now it is about to break the channel upwardly. so wait for breakout and confirmation and then open your position accordingly. in case of breakout, targets are 4600 and 5200 sats. happy hunting!
ALPHA went on longer consolidation and now if offering another try to the breakout out of the trend. A lot also depends if Bitcoin doesn't decide to crash. Nonetheless there is a a chance we see another stop-hunt bellow the recent local lows. Managing risk accordingly is always required DEFI tokens trending up.
Alpha went on a massive 60% tear last month, retraced 20% (.382 fib) and now looks like it wants to get bullish again. Price is being squeezed into a corner where it needs to go either up a lot, or down a lot. Most alt movements are decided by what BTC does, so BTC generally has the last say in what ALPHA will do. Has to be said that this is a descending...
I have gone more thorough details on price movements the scenario is pretty much obvious and the possible reversal price areas are plotted as well Yet trading on this currency is not recommended if you have bought it hold it and manage your risk Good luck
What you're seeing here is a consolidation after breakout. The price broke out but now it's building up a volume of Supply & Demand to confirm the breakout. The more volume on supply, the more correction to lower prices. But right now the Demand volume is higher so I'm predicting a retest at the resistance area soon. Watch the prices for now and don't open any...