Alpha Finance Lab (ALPHA) • Is this final attempt? ALPHA went on longer consolidation and now if offering another try to the breakout out of the trend. A lot also depends if Bitcoin doesn't decide to crash.
Nonetheless there is a a chance we see another stop-hunt bellow the recent local lows.
Managing risk accordingly is always required
DEFI tokens trending up.
ALPHAPERP
bullish on $ALPHA #ALPHAUSDTI am bullish on $ALPHA
* Super Algorithm Indicator is bullish. The previous bullish sign gave 410% non-leveraged.
* Current candle colour is green meaning bullish
* Ichimoku just turned strongly bullish on the current candle
>> Chiku green line is above price and has no tall candles in front of it
>> Price is above red tenkan and blue kijun
>> Bullish t&K crossover happened
* Parabolic SAR is bullish
* Good green volume above average
** Possible accumulation happening.
Target is 1.6fib at $4.7498 as shown
Price only entered the supply zone. It will likely eat the zone and then make the next big move
Alpha Finance Lab (ALPHA) • After so much beating. Up is the wayAlpha Finance Lab (ALPHA) is looking like Bitcoin March 20" capitulation on lower timeframe. There is good chance it will test the upper side of range (triangle) resistance and a small pullback to test inside the triangle BUT conditions are looking good this this recent Higher Low to be the last point of support (LPS)
This is where optimal risk-reward can probably be found for a long swing trade in the upcoming days.
ALPHA (ALPHAPERP) – Long signalBUY: 1.92 – 2.09 (Wait for price to enter buy zone)
TARGETS:
1) 2.48
2) 2.98
STOP: When a 4h candle closes below 1.5
Rationale:
-Price has been respecting two diagonal trendlines and has just broken out and retested the trendline, converting it to support.
-The trendlines intersect in the same area as the 100 and 200 EMAs. This confluence indicates it is a strong level of support.
-Volume has increased after the retest, and the RSI is looking strong.
-Stop loss is positioned under the trendlines and 200 EMA.
Your risk, your reward. This is not financial advice.
Happy trading.
Long on $ALPHA as a scalp for $2.81+ as shown. Long on $ALPHA as a scalp for $2.81+ as shown.
Looks to have broken the trendline and also have retested
Also have Super Algorithm saying bullish on 1 hour close.
However, thi is low tf. Hence, confidence is low.
This is scalp. And I would be cautious in adding any large sum here. Alt and low tf only can have low position size