ALPHAUSDT trade ideas
Alpha Finance - Asymmetric DeFi opportunityA favorite DeFi darling for those in the know. Backed by a dedicated team and active community, Alpha recently broke into the billion dollar club in TVL and the top ten at DeFi Pulse. This was perhaps the fastest pace for any DeFi protocol to reach these milestones thus far. Fortunately there is still time to bag under $3 as we bounce around this triangle pattern. Question is will we get the chance to reactivate APE mode under $2 and revisit strong support around 1.25-1.60? I hope so but I'm more inclined to believe the next move is UP. Either way I'll be adding some to my position breaking upwards or feasting heavily if we do see a lower retest.
Don't listen to the paper handed babies who whine about token distributions. The only thing that matters is network effect and money flow. The Wall Street/corporate/normie cash goes first to BTC then ETH and then DeFi. If you can understand the asymmetric potential of Alpha Finance you will hear your inner Ape calling you to bag before it's too late.
Thank you and good luck.
ALPHAUSDT long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
ALPHA - long ideaLooks very bullish.
No upside resistances, except for local HH. Beyond - absolutely new territory
ALPHAUSDT - Ready for another wave up? After a strong bounce at the $2.20 support, $Alpha seems poised to make its final ascent after some choppy correction.
ALPHAUSDT - Long - Potential 13.39%ALPHAUSDT - Long - Potential 13.39%
Entry- 2.58009
TP1- 2.57941
TP2- 2.91921
SL- 2.34455
- Trigger - Pullback
- BTC - Dom & Price falling - Alts stabilising
- RR 2
- Trailing Buy - 1%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
ALPHAUSDT breakout to UPSIDEALPHA is still Bullish after 100x from its
base low Price
Giving Breakout after Cosolidation
I am going long with 3x
It can reach upto $3 in 1 to 2 days
DYOR before entering any trade
ALPHAUSDT Possible breakout 1HPrice respecting ascending trendline, possible breakout above 2.37523 level and then ATH
🔥 ALPHA/USDT New Re-Entry SoonALPHA is one of those coins that simply keeps on giving. Since its November lows this coin has seen an increase of over 8,000% over the last couple of months.
As marked on the chart, ALPHA seems to be inside a channel. At the moment ALPHA is very near the top resistance of the channel and the size of the candles are showing early warnings of a potential reversal soon. Beware that the top of the channel could easily be another +50% increase, so don't short without proper reversal confirmation.
This post is to indicate that the next time to step into ALPHA for longer term investing would be around the end of February or start of March, assuming the channel holds. Do your own due diligence.
Comparison of different coins performance against its peersThis graph shows the performance of different coins when compared to its peers. The baseline reference is the white line representing FTX:ALTPERP ( FTX exchange's alt coin perpetual futures). Coins above this line is performing better than the index.
The top 3 coins right now:
1. Alpha
2. AAVE
3. UNI
AlphaUsd - example of a running flatThis is the example how EW patterns apply to the speculative and volatile instruments like cryptos.
The “flag” is an example of a running flat.
Structure of the waves: 3-3-5. Classical structure, textbook entry (break of wave iv of the wave C in the flat. Confirmed by ma20 (red line, part of 20 bollinger bands indicator).
Once the extreme of such a flat is broken, in a trending move price accelerates and does not enter the territory of the corrective pattern, until the impulse loses momentum
Alpha/USDT weekend trade planEntry on channel breakout with initial target of 2.5 by Sunday night EST. Entry stops are at 1.85 and 1.76. Will move stops higher (to 2.15/2.25) after initial target is met by Sunday night. If target is met on time and other markets(ETH, BTC, NQ, DX) show stability then will target higher prices above 3. Trade was initiated through Uniswap ETH/Alpha pool.
