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 🎲
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ALPHABTC
Quick safe trade .... Alpha on support 👌✅ Buy: 1.65 - 1.75 ✅
🎯TARGETS:
1- $2.100
2- $2.600
3- $2.928
⚠️⚠️leverage up to 5x ⚠️⚠️
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): 4hr candle close below 1.388
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ALPHABTC (17.04.2021)The ALPHA price found support at 76.4% Fibonacci at 1D, which generated a possible local momentum to start growing.
In turn, on H4, the price has overcome the downward trend and is ready to continue growing.
We recommend buying a coin with a stop loss at the local minimum of 0.000022 and a target profit level of 0.00005-0.000065
$ALPHA - should get sent soonAlpha is a brilliant DeFi project with great prospects
Chart looks damn bullish
We had major expansion where it found a top early feb
Moved to consolidation in this ascending triangle/range
1.867 has been the 1D resistance, close above and hold of that level and the breakout should be imminent
ALPHAUSD - LONG (Bulls in control) Ascending Triangle 4 Hour Chart
Set up - Ascending Triangle
We can see ALPHAUSDT has formed a nice Ascending Triangle Formation, and price is starting to get very tight.
We have had a deviation breakout from this ascending triangle, price more often then not will not deviate from a breakout twice.
Price has found support, on the 0.618% Fib along with some Daily Order Blocks.
Any trades placed from here, stop losses should be below the 4 hour pin bar @ $1.65
We are targeting the upper order block resistances, and the Ascending triangle target.
This trade is offering us a 4 to 1 risk reward ratio, and bulls have the upperhand.
$ALPHA - DeFi and flat-top triangles = PumpALPHA a very promising DeFi project but yet to fully release and have its services utilised by the community
Technically we have a movement to mid of high to low where we are printing equal highs and rising higher lows
Safest entry should be on retest of the flat-top
Let's see....
$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, 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
$ALPHA - DeFi correction breakout makes my eyes happyHere we have APLHA Finance Lab a platform that looks to bring in users from a variety of blockchains
Alpha Finance Lab’s first products each claim to bring an entirely new solution to the market. Alpha Homora is the first platform to introduce the leveraged yield farming concept and with the launch of Alpha Homora V2 in 2021, it will introduce the first smart contract that is capable of borrowing from another smart contract (Cream Finance) in an under-collateralized way. - (coinmarketcap) - clean DeFi opportunities associated with Alpha with innovation via $CREAM
Moreover, once launched, AlphaX will become the first Uniswap/Sushiswap-style perpetual swap decentralized exchange without order books. This will allow more individuals to access the benefits of perpetual swaps (such as trading on leverage), without having to understand how they work in the background. - (coinmarketcap) - so they also have a DEX releasing which is brilliant as all good DEXes only go up, e.g. $SRM
Technically we have had a huge correction phase which breakout of white line should put an end too
Optimum entries would have been in the 12H demand zone highlighted, found from the bottom left on entry to the range
Just need to flip the 200MA here and then we can head for 0.786 and the 1.0 fibs!
Lets go $ALPHA Finance Lab