ALPHAUSDT trade ideas
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.
ALPHA to $4.25Alpha Finance have enough energy to go up!
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Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
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Good luck and always use SL!
*** THIS IS NOT A FINANCIAL ADVICE *** DYOR!