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Alpha

ALPHAUSDT --> Nearing breakout - Potential +16%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 triangle = bearish. The fact we are in a bull market makes it more neutral. But generally these want to break downwards. -=-=-=-=-=-=- ENTRY -=-=-=-=-=-=- BUY: 4H break and close TARGET: 2.25 STOP: Break and close below current support -=-=-=-=-=-=- --==--==--==-- Fundamentals --==--==--==-- Rank #130 Market Cap = $546,235,083 DEFI --==--==--==----==--==--==--
Long
by tommytoan11
2
ALPHA - Consolidation (As you asked)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 positions, but if you're looking into opening long positions, then wait until a 4H candle closure above the resistance area. Target and Support areas are shown on chart. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR