Alpha
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!
Alpha Finance Lab - ALPHAUSD- Head and Shoulders!- Alpha Finance Lab - Rank #132, Volume 24h $62,118,554.
- On the chart we can clearly see and Head and Shoulders bullish pattern.
- Target is previous swing high & HaS & 1.1618 FIB!
- We can also spot a bullish volume, which dominates!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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ALPHA, long or short ?I try to react not to predict, the only prediction for me is how am I going to reacting to some things. That's the situation right here. ALPHA had a nice run-up, about 100% for the last two weeks without any big correction, so maybe it's time. Also the market is very very bullish so we can also go more... Here are the levels that I am going to watch. The last published idea for ALPHA bring us about 47% profit, so let's hope the next trade could be also profitable...
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 has touched the support level and at this moment the price is supported and can start moving upwards. But if the price can not be supported and penetrates below the support line, we consider the price fall to the next support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Banking on SoFiFinancial Technology (FinTech) is revolutionizing the way we transact in our daily lives. The days of paying in cash are far and few between. Say goodbye to those pesky coins. Regardless of blockchain disruption, the future of finance will for certain be digital. So how do you play this industry? You can go through high flyers like Paypal (PYPL) or Square(SQ) but these companies have had their run. Instead rely on an industry-low flier, Social Finance (SoFi).
This company is going above and beyond traditional finance. This company is creating a one-stop-shop, financial community. The company has endeavored in debit, credit, insurance, crypto, and much more. This is exactly the financial innovation that the millennial+ (1981-present) generation needed. Image an entity that you can use for daily transactions, mortgage loans, auto insurance, and stock/crypto investing, that is SoFi.
Did I mention they have a community aspect as well? SoFi is the banking industry in multiple facets. SoFi provides membership to its clients to where you can get financial planning, transaction summaries, store discounts, personalized career advice, and exclusive events. That the antonym to traditional, wall-street banking. A community environment that provides you knowledge and partnership in your financial journey. The insights provided are enlightening and insightful. The best part yet, the recent price action.
The company has been on a downtrend for the past couple of months but it is reaching a potential inflection point at its well-established support. The company has previously bounced off these levels indicating a possibility for another reversal. The risk-reward is very compelling considering that the downside is less than -10% while the upside is a more favorable +75% to the prior resistance. That is a modest price target of ~$23. However, the company is currently trading at a market cap of ~$13B. At the same time, PYPL and SQ have market caps of $353B and $108B, respectively. If it is truly the disruptor in its infancy ages, in due time the stock will have similar market cap trajectories, a potential 10x.
Finally, the smart money is already in this name. Although the coverage by analysts is minimal they are all indicating upside movement. If other analysts start covering the name it could serve as a catalyst. Renowned venture capitalist, Chamath Palihapitiya, is the CEO and a major shareholder (good management). Large institutional money such as SoftBank entered the stock at a higher price. Smart money is leading the way.
Bank on it.
ALPHA - Is it over?ALPHA moved more than 60% which is amazing. But I think it's he end of it because it topped all the local resistance areas and now the sell volume is going up. It must have a small correction before going up again.
If the prices crossed that resistance area and closed a 4H candle above that price zone, then you can open your long positions and aim for the other resistance line as TP!
Current Market Price: $0.8550
Good Luck
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