ALPHAUSDT
$ALPHA/USDT 4h (Binance Futures) Ascending channel breakdownAlpha Finance Lab lost 100EMA support and broke the up-trend, let's join the local down-trend after that retest.
Current Price= 1.1485
Sell Entry = 1.1633 - 1.2221
Take Profit= 1.0405 | 0.9553 | 0.8962
Stop Loss= 1.2945
Risk/Reward= 1:1.25 | 1:2 | 1:2.74
Expected Profit= +15.99% | +25.62% | +37.48%
Possible Loss= -12.84%
Fib. Retracement= 0.382| 0.618| 0.893
Margin Leverage= 2x
Estimated Gain-time= 10 days
ALPHA - A Masterpiece - Over 250% 😱The last time we posted Alpha was on June 17th where we identified the descending correction and our buy zone.
Price came into our zone perfectly and broke out the descending correction. Since then, price has moved over 260%!
We are now looking for continuation trades. Watch for price action back to the ascending trendline and enter with stops below the trendline.
Targeting 2.40.
ALPHAUSDT forming falling wedge, watch the dip for best entry!after the price breakdown it's consolidation block on 0.95 price level, ALPHA start to form falling wedge, there are 2 possible scenario :
1. it's continue to complete the falling wedge pattern and will blast out (cause by the time it will be on the bullish divergence area).
2. it's hodling up on the consolidation box and start rising up, but if this scenario happen i dont think it have enough buy pressure to reverse the trend.
keep wait and see for the best possible entry cause at the end the market will tell.
safe trading and have a continouse profit !
ALPHAUSDT beginning of the uptrend!ALPHAUSDT Technical analaysis Update
ALPHA/USDT currently trading at $1.00
swing trade setup
Short level : Below $6.93
Stop loss: $0.80
TP1: $1.18
TP2: $1.40
TP3: $1.62
TP4: $2.00
Max Leverage 1x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.