ALPHA Long Setup on H4ALPHA putting a higher low with momentum moving higher as well.
Look for Long once price breakout of the resistance.
Keep risk small with a 2:1 reward risk.
ALPHAUSDT trade ideas
ALPHA.USDT (Y21.P1.E1).Re-accumulation HI All,
Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation.
With Alpha, its nice and a clean chart.
It went with 4 bases and a toping off (distribution) phase as per the chart.
Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level.
This is the level where you should seek to reenter to long.
I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time.
So I will buy some it this formation and buy more as it breaks out.
The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge.
Once can't be sure until we see what happens in the coming days.
All the best,
S.SAri.
H&S found on ALPHA!!!there is an H&S and the upward trend might just a pullback to the neckline
if you want to open a short position there is a suggestion but wait for a verified downward trend
ALPHAUSDT - EW analysis - 5th wave in progress ALPHAUSDT - It seems started 3rd of 5th wave up. The stop level for the set up is 1.30 and target zone would be above 3.05.
Give thumbs up if you really like the trade idea/analysis.
Trading plan for ALPHAWait for it to hold support and to rise above the next minor support/resistance area. This would be a new HH and HL indicating a change in direction on the 4HR to the upside. Entry around the minor support, once confirmed.
Upside to 2.40, 2.80 and a third target beyond around 3.45.
🔥 ALPHA Bearish Action In ChannelIn my previous ALPHA analysis I made the prediction that ALPHA would be declining after hitting the top of the channel. ALPHA is currently declining rapidly after Bitcoin uncertainty, moving towards the lower support of the channel.
In my previous analysis I argued that the yellow box area would be a great time to buy in. That analysis still holds, since I'm still bullish on ALPHA. Although it needs to cool off a bit.
I've marked a target around $1.10 which should be reached in case bearish pressure will continue. Around that area I'll be watching for a nice moment of re-entry, so keep an eye on my channel.
Happy trading!
ALPHAUSDTH&S. Possible sell.
Volume during the advance of the left shoulder should be higher than during the advance of the head. Together, the decrease in volume and the new high of the head serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head, then decreases during the advance of the right shoulder. Final confirmation comes when volume further increases during the decline of the right shoulder.
ALPHAUSDT - EW analysis - 5th wave in progress ALPHAUSDT - It is in 5th wave up move and expected to go for new high above 3.05 level with stop level as 5th wave.
Give thumbs up if you really like the trade idea/analysis.
ALPHA/USDTALPHA will back to its home. After 10 days, there is not any considerable point of trend divergence.
ALPHAUSDT LONG IN BINANCE FUTURE SO RISKY !!!! BECAREFUL
IT`S GOOD APPORTUNITY FOR PRO TRADERS ... MY SUGGESTED POSITION IS 100$ WITH X3 LEVERAGE
