$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
ALPHAUSD
ALPHA Long term channel playALPHA Long term channel play
BUY: 0.965 – 1.34
TARGETS:
1) 1.8415
2) 2.9432
STOP: 0.788 (triggered when a 1D candle closes below)
Rationale:
-Channel has been forming for over 100 days
-Price has just tested bottom of the channel and was quickly bought up, resulting in a wick
-The dip to the bottom of the channel lines up with a support zone
Your risk, your reward. This is not financial advice.
Happy trading.
alphausdhey guys I'm MAG and this is alpha
so i think it determined wave B of a zigzag
FOR ZIGZAG correction we can expect 0.77 and 0.58
then we have 5th EXTENDED but it can be so long to reach the corrective targets
IT CAN GOES TO 60 $ al least IF correction ends in in 0.58
put SL on every position
be responsible for your trading
and trade like pros
ALPHAUSDT bull run continue!ALPHAUSDT (4H CHART) Technical Analysis Update
ALPHA/USDT currently trading at $0.430
Buy-level: $1.70 - $1.85
Stop loss: below $1.38
Target 1: $2.40
Target 2: $2.90
ALWAYS KEEP STOP LOSS...
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ALPHAUSD -- Deep Crab HarmonicBullish Deep Crab Harmonic spotted on 4h. PCZ hit. Waiting on another impulse down here to double touch the PCZ might be prudent, as there will most likely be bullish divergence/convergence on MACD and RSI indicators at that point in time. Stops can definitely be loosened a little bit depending on your risk tolerance. Plenty of room.
ALPHAUSDT (ALPHA) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ALPHAUSDT was bounded in a bullish flag pattern.
- Price brokeout above the bullish flag's resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
[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 12h Be careful with long, it may hurtIn our previous idea, in November 2020, we wrote about a young and ambitious project from the DeFi sector the Alpha Finance Lab.
In the same forecast, we assumed x3 growth and , of course, that it came true.
After all, AlphaUSDT gave investors x75 from November to today. Karl x75 in 3 months ... this a mad cool)
A fly in the ointment is volume ... the value of AlphaUSD is growing without volumes and this is a very bad sign.
It looks like someone is pushing the price up to the target.
Let us assume that the mark of $2 will be the culmination of sales.
And further we can expect a fall and quite a strong one.
The lower limit of the channel is around $1.
And the liquidity zone is in the range of $0.67-0.73. It was there that an interested investor, and maybe the creator of the project, aggressively dumped the first portion of Alpha tokens.
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Alpha Finance Lab - ALPHAUSDT - Bull flag + DEFI Bullish- Alpha is now one of the most bullish DEFI coins out there
- Check my related analysis on DEFI space below ↓
- We can expect higher prices. The target can be 1.618 fib extension for 3rd Elliott wave to the upside
- The price is above 20 daily moving average
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