ALPHA thoughts - coin of the year?YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
ALPHAUSDT trade ideas
ALPHA Can Give Upto 150% + ReturnsALPHA coin traded at $1.70 with a gain of 7.70% in the last 24-hour. However, ALPHA is positive, with a 5.93% gain on the weekly time-frame. In contrast, the market capitalization stands at $29 million. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $2.82.
Resistance: $2.82
Support: $1.09
DO NOT SLEEP ON THIS
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
********************************************CHECK MY LATEST ANALYSIS DOWN BELOW********************************************
ALPHA looks good for a lond scalp here, use SLYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
********************************************CHECK MY LATEST ANALYSIS DOWN BELOW********************************************
🔥 ALPHA Channel Reversal TradeIf zoom the chart further out, you can see that ALPHA is currently trading inside a massive channel. At the moment, I've got a long-term ALPHA trade running which trades that exact massive channel, see below:
This trade is of a more short-term nature. The trade I'm currently presenting is solely based on the idea of a quick reversal of the price once it hits the lower support of the channel. Wait for the price to hit the Entry line before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!