Monday trade📈New week, new opportunities, wolves🔥
There is a great opportunity to earn money on ALPHAUSDT .
There is symmetrical triangle with previous bearish trend before on 1h timeframe.
It may be a signal for continuation trend.
According to Elliott Waves theory all the waves are done and the price is heading to the breakout now.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
Alpha
[135%] ALPHA / USDT (LONG)The time to buy is when there's blood in the streets.
After the hack of the Feb 13, ALPHA lost 45% of its value.
Analysis :
- Triple bottom on the support
- We can break the first resistance
- Second resistance : 2.0 $
- Target 3.5$ - 3.7$ : 135%
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 POTENTIAL UPSIDE BREAKDOWN?Disclaimer:
Just for self education and to follow up the asset easier. It's obviously NOT an Investment Recommendation.
Here we come, the graph is so simple, take it or leave it. 1.75 is our target to break, if this happens TP1 is 2$. then we will settle down and look for what will happen next.. 1.75 is a real deal resistance, if ALPHA can't break it then we will see the 1st support line, you know the scenario what will happen when we see the support line... another take it or leave it moment for us. Let's seee together. RSI and Macd is ready for upside move but what about the volume ????
Let's see it together.
ALPHA / BTC Found Support on 50 SMA on 1D chart!ALPHA / BTC Found Support on 50 SMA on 1D chart!
After recent hack, ALPHA was moving in descending channel, but it just broke out of that channel and now it's moving sideways finding strong support at 3000sats.
This is also strong historical support/resistance zone supported by volume. MACD and Stoch are also also supporting idea that it's a good moment to enter.
Targets: 4000, 5000, 6000, 7000sats
Remember about SL under 2750!
ALPHA.USDT (Y21.P1.E1).Re-accumulation HI All,
Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation.
With Alpha, its nice and a clean chart.
It went with 4 bases and a toping off (distribution) phase as per the chart.
Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level.
This is the level where you should seek to reenter to long.
I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time.
So I will buy some it this formation and buy more as it breaks out.
The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge.
Once can't be sure until we see what happens in the coming days.
All the best,
S.SAri.
🔥 ALPHA Bearish Action In ChannelIn my previous ALPHA analysis I made the prediction that ALPHA would be declining after hitting the top of the channel. ALPHA is currently declining rapidly after Bitcoin uncertainty, moving towards the lower support of the channel.
In my previous analysis I argued that the yellow box area would be a great time to buy in. That analysis still holds, since I'm still bullish on ALPHA. Although it needs to cool off a bit.
I've marked a target around $1.10 which should be reached in case bearish pressure will continue. Around that area I'll be watching for a nice moment of re-entry, so keep an eye on my channel.
Happy trading!
ALPHA to $4.25Alpha Finance have enough energy to go up!
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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.
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Good luck and always use SL!
*** THIS IS NOT A FINANCIAL ADVICE *** DYOR!
ALPHA/USDT- Approaching Top 100 List on CMCPurely chart based ideas.
Haven't had enough time to research this project properly but as it moves into top 100 on CMC it goes on the radar.
This would be a spec buy based on low MC and ridiculously bullish markets.
As always, certainly not financial advice,
markets are pumped.
Caution on all entries, DYOR because I didn't.
Bingaz