ALPHAUSDT
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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#ALPHAUSDT Trading plan! Hi friends!!
The coin looks very strong against the background of the entire market !!!
Above the resistance level $ 0.5 buy
Stroke potential 45%
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✳️Alpha Finance Lab/USDT Analysis (24/12) #ALPHA $ALPHAALPHA is in downtrend, but 0.14$ zone is a very strong zone for ALPHA so there is definitely a buying force that can help ALPHA rise back to 0.2$ zone, at where we can expect a breakout, but the selling force in the upper zones is worrying, for example 0.24$ zone.
If ALPHA continues to break out of 0.14$ zone, the downtrend will continues to 0.1$
📈BUY
-Buy: 0.14-0.15$. SL if B
-Buy: 0.23-0.24$. SL if B
📉SELL
-Sell: 0.20-0.21$. SL if A
-Sell: 0.23-0.24$. SL if A
♻️BACK-UP
-Sell: 0.14-0.15$ if B.SL if A
-Buy: 0.095-0.105$.SL if B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
ALPHA Finance Long Trade When Breakout Gets ConfirmedAlphausdt is facing the neckline. If it can breakout and stay above, could be a good long trade.
Alpha, Alphausd, Alphausdt, Alphausdtp, Alpha Finance
Signal: Blue -> Green * 3: Bottom
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
#ALPHAUSDT Trading plan! Hi friends!
As we can see, bitcoin still could not stay at the top and started to roll back.
And all altcoins also followed Bitcoin.
There is a strong mirror level on this chart!
With a quick approach to it, we can take a good move on a pullback!
Showing an example of the expected movement:
entry when returning to the long zone after a false breakout!