✳️ Alpaca Strong Year Long Bullish Divergence (370%+ Potential)We are going back to the basics with this one, truly basic.
All of the signals I think the most basic ones and easier to learn relate to the moving averages and oscillators.
➖ As for the moving averages; Below is considered bearish while above bullish. I'll expand later.
➖ The oscillators; When the price diverge or converge we read as bullish or bearish depending on the market bias.
Here we have ALPACABTC producing a very strong decline, a steep decline in early to mid-2023.
After the 30th of July we see an uptick in trading volume.
ALPACABTC continues and produces several lower lows but the drop is not as steep as before.
As this whole pattern is developing, the RSI is producing higher highs. It bottomed January 2023.
ALPACABTC Daily RSI
It is interesting to know that it isn't that we read these divergences as bullish but that they tend to mature before a change of trend. Now, the divergences can go for weeks, months or years at a time so it is hard to know when it will start to show its effect on the trading pair.
For this we look at the market cycle and other signals, such as EMA10.
The market cycle is telling us that the Altcoins are ready to grow, confirmed; Because we can see literally dozens and dozens of pairs growing two to three digits green.
ALPACABTC produced a volume breakout today and is moving above EMA10.
Even if the trend does not change we have signals that points to an up-move, so in the worst case scenario we see green for a weeks or days.
Again, judging by the market cycle; Bitcoin growing for 1 year plus, money flowing into Crypto... When the giants start taking profits on Bitcoin and the big Altcoins money will not leave the market, it will flow from the big ones to the smaller ones, those that have been bleeding for years on end.
The market cannot kill itself or won't kill itself... Au contraire, the market is trying to grow and evolve and for this to happen it needs to feed itself.
Those that haven't grown, will receive life force in the form of funds and this in exchange will push prices up.
Sit back and relax and just watch how everything grows... The Altcoins I've been publishing of course.
Some can move down while others move up... I can also speak for those that I am sharing.
Thanks a lot for your continued support.
Namaste.
ALPACABTC trade ideas
ALPACA/BTC in consolidation zone waiting for breakoutALPACA is slowly moving toward breakout zone, it has a bullish run for a few days now, its very possible it will expand its bullish move from here even futher, it looks like its a good time to buy with easly set stoploss.
Consolidation bottom sets up at 449 sats, if it will go below it, i would say its gonna be bearish, so stoploss at 448 sat just in case.
If consolidation will break above i would say it could reach about 520-530 sats.
It will resolve in a matter of day or two i belive.
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
$ALPACA/#BTC [#Alpaca City]: Resistance and BBand_Breakout◳◱ Hey traders, we've identified bullish signals on the $ALPACA / $BTC chart through the detection of both a Bollinger Band breakout and a Resistance Breakout. The Bollinger Band indicates a potential bullish trend as the price has moved outside of the upper band, while the Resistance Breakout confirms this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00001394 | 0.00001491 | 0.00001643 and the major support zones are at 0.00001242 | 0.00001187 | 0.00001035. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision.
◰◲ General info :
▣ Name: Alpaca City
▣ Rank: 1408
▣ Exhanges: Binance, Kucoin
▣ Category/Sector: N/A
▣ Overview: Alpaca City project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001539 ₿
▣ 24HVol: 47.071 ₿
▣ 24H Chng: 16.415%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: -16.00%
▣ 3-Months Chng: -5.42%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001394 | 0.00001491 | 0.00001643
◢ Support: 0.00001242 | 0.00001187 | 0.00001035
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.52
▣ Last 90D: 0.29
▣ Last 1-Y: -0.38
▣ Last 3-Y: 1.27
◲◰ Volatility :
▣ Last 30D: 0.25
▣ Last 90D: 0.62
▣ Last 1-Y: 1.63
▣ Last 3-Y: 3.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.44 - Bearish
▣ Reddit sentiment score is 0.18 - Very Bearish
▣ In-depth ALPACABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Alpaca Finance (ALPACA) forming a Gartley for another pump soonHi dear friends, hope you are well and welcome to the new trade setup of Alpaca Finance (ALPACA) token.
Our last successful trade of ALPACA was as below:
Now on a 4-hr time frame, ALPACA is about to complete the final leg of a bullish Gartley pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ALPACABTCHello friends, today you can review the technical analysis idea on a 1D linear scale chart for ALPACABTC
STOPLOSS 0.00000870
TARGET FIRST
0.00001030
SECOND TARGET
0.00001300
Alpaca Finance (ALPACA) formed bullish Gartley for upto 42% moveHi dear friends, hope you are well and welcome to the new trade setup of Alpaca Finance (ALPACA) token.
On a 4-hr time frame chart, ALPACA has formed a bullish Gartley pattern.
#ALPACA/BTC [ ALPACA FINANCE ] Bullish chart#ALPACA/BTC
On the 4H chart we a nice Double Bottom, most indicators (MACD, Stochastic) have a Buy signal I expect a nice, trend is changing direction to uptrend, a breakout of the long-term trendline (the red line), So I expect a nice move from now, keep an eye on it 👀
ALPACA PRice in demand zoneALPACA Cryptocurrency token price in the demand zone.
we can see good pump from this demand zone.
