Alpha
$ALPHA/USDT 4h (Binance Futures) Ascending channel breakdownAlpha Finance Lab lost 100EMA support and broke the up-trend, let's join the local down-trend after that retest.
Current Price= 1.1485
Sell Entry = 1.1633 - 1.2221
Take Profit= 1.0405 | 0.9553 | 0.8962
Stop Loss= 1.2945
Risk/Reward= 1:1.25 | 1:2 | 1:2.74
Expected Profit= +15.99% | +25.62% | +37.48%
Possible Loss= -12.84%
Fib. Retracement= 0.382| 0.618| 0.893
Margin Leverage= 2x
Estimated Gain-time= 10 days
ALPHA - A Masterpiece - Over 250% 😱The last time we posted Alpha was on June 17th where we identified the descending correction and our buy zone.
Price came into our zone perfectly and broke out the descending correction. Since then, price has moved over 260%!
We are now looking for continuation trades. Watch for price action back to the ascending trendline and enter with stops below the trendline.
Targeting 2.40.
Alpha Comprehensive AnalysisI see a static resistance around 2230 satoshi which is tested and then denied about 7 times lately. In theory I assume that resistance is finally broken so what is the target? A giant dynamic resistance has been formed since day One of alpha(The great gray line). Price has been playing below that grey line for about 90 days. That is a strong and serious line which may cause a delay on price growth. Now Price around that line is around 2800 satoshi.
Above is another trendline which has been formed since the local top around Mid-May.Now Price around that line is around 3000 satoshi. That is a focal point which may let price grow through last top area (7k satoshi).
So There is a road to ride for Alpha and there is a safer way with fundamentals. Team has released many great news about a product called Alpha X. I personally think if price tend to break aforementioned lines, it absolutely needs driving fundamentals like Alpha X( In case of a great product). Below I highlighted a Fibo channel which shows good points to take profits.
🆓Alpha Finance Lab (ALPHA) Aug-20 #ALPHA $ALPHABuying power has returned to ALPHA and it can help ALPHA surge to the $1.3 and $1.9 zones in the next few days. But if it loses the $0.9 zone, it will correct to the $0.75 support zone
📈BUY
🔴Buy : 0.88-0.92$. SL if B
📉SELL
🔴Sell : 1.27-1.33$. SL if A
🔴Sell : 1.85-1.95$. SL if A
♻️BACK-UP
🔵Buy : 0.73-0.77$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
ALPHAUSDT beginning of the uptrend!ALPHAUSDT Technical analaysis Update
ALPHA/USDT currently trading at $1.00
swing trade setup
Short level : Below $6.93
Stop loss: $0.80
TP1: $1.18
TP2: $1.40
TP3: $1.62
TP4: $2.00
Max Leverage 1x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
ALPHAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price could not break the resistance upwards and was pulled down again. We have now identified a support line for you that the price can react to and move up again. But if the price is below the penetration line and stabilizes, we consider the fall to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!