Alpha
🔥 ALPHA Head & Shoulders Pattern FormingALPHA failed to pierce through the 1.90 resistance two hours ago. This bounce downwards is showing the emergence of a Head and Shoulders pattern, which is classically a bearish one. In case Bitcoin's bearish pressure will resume, we might see more bearish price action from ALPHA in the near future.
Happy trading!
[38%] ALPHA / USDTAnalysis :
- chart, MACD, RSI -> bullish
- target 2.94$
What Is Alpha Finance Lab (ALPHA) ?
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
The platform aims to produce an ecosystem of DeFi products that address unmet needs in the industry while remaining simple to use and access. The first product built by Alpha Finance Lab is Alpha Lending, a decentralized lending protocol with algorithmically-adjusted interest rates.
Leveraged yield-farming platform Alpha Homora was the second product launched by the platform, whereas AlphaX — a non-orderbook perpetual swap product — is scheduled to launch in 2021.
ALPHA is the native utility token of the platform. Token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. Other use cases for the token include liquidity mining and governance voting.
Alpha Finance Lab will implement governance via a decentralized autonomous organization (DAO) allowing ALPHA holders to vote on the specifics of future Alpha products, and decide how they interoperate. This governance procedure is split over two levels: product-level governance and finance-level governance, giving token holders a great deal of control over the future of Alpha.
$ALPHA - mega moves on both pairsBoth the USD and BTC pair have had massive moves, flat top breakout and retest against the dollar
Here trendline and consolidation range break - aiming to pick up on retracements and hopefully the run continues!
4240 sats will be quite strong so expecting rejection there into my bids, lets see!
🔥 ALPHA Long Term Channel TradeAround three weeks ago I made an analysis on ALPHA and the channel it was in. At the moment, the price is right in the area which I earlier indicated as a potential long area. Take a look at the post for reference.
Since the price reversed quite sharply from the $1 area, it might be a great time to trade this channel.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
ALPHA fly easy peasy target First we need a reversed head and shoulder so we need to form the right shoulder , we go to re test the support line and then with breaking neckline we expect sharp movement to the purple target , then if we zoom out we see the light green double bottom which easily can reach us to the light green target .
don't forget to set stop as red
and you can enter only when we are in trend line (or support ) after retest ;)))
[65%] ALPHA / USDTWhat Is Alpha Finance Lab (ALPHA) ?
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
The platform aims to produce an ecosystem of DeFi products that address unmet needs in the industry while remaining simple to use and access. The first product built by Alpha Finance Lab is Alpha Lending, a decentralized lending protocol with algorithmically-adjusted interest rates.
Leveraged yield-farming platform Alpha Homora was the second product launched by the platform, whereas AlphaX — a non-orderbook perpetual swap product — is scheduled to launch in 2021.
ALPHA is the native utility token of the platform. Token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. Other use cases for the token include liquidity mining and governance voting.
Alpha Finance Lab will implement governance via a decentralized autonomous organization (DAO) allowing ALPHA holders to vote on the specifics of future Alpha products, and decide how they interoperate. This governance procedure is split over two levels: product-level governance and finance-level governance, giving token holders a great deal of control over the future of Alpha.
ALPHA, the first target reached, ALPHAUSDHello my friends. Our first target reached , we can close and wait for new rally. So whether you close it or keep it, for the new rally, we need the price to break the baseband first then stabilize. Good luck.
If its useful like it please and follow me for next analysis :)
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you can see the previous analysis of Alpha in below link.
$ALPHA, Showing a UCTS 12H Buy signal (usually strong) $ALPHA
Showing a UCTS 12H Buy signal (usually strong) as its trying to cross over ~3500 sats
Volume slightly increasing (needs to keep the momentum).
For now looking for a break above/flip as signal of continuation.
If happens, then ~4000+ sats
#ALPHA
APHRIA INCThis is better than my previous idea for better understanding the trend APHA is following.
🔥 ALPHA Symmetric Triangle Break-OutALPHA has been trading in a ranging market for quite a while now. Over the course of a few weeks, ALPHA has managed to form a symmetric triangle. As of today, it broke out on the upside of this triangle. Looking at the fact that it almost didn't get hurt by Bitcoin's sell-off earlier today, we might have a strong bullish run at hand.
In the meantime, take a look at my long-term ALPHA analysis below.