This $ALCX Chart is Misleading! It's Going Different Places

Well, first of all, it begins quite recently so we should check the chart on cmc. That chart is also misleading because the price dropped dramatically due to fast token release schedule. Now, 79% of all tokens released, which is good. So we look at the all time market cap chart, and we see a clear long term uptrend, and more important, we see it is attempting to break out above the latest downtrend line.

A 4h close above 133 will be a clear bullish signal. Currently also bullish as long as above 118. I am in at 115.4.

When I look at the project fundamentals, it has no reason why not to reach a market cap of several billion in a decent rally -currently hovering below 150m. You can figure out where to sell as you please :)

Trade active:

okay i was wrong. it was one of the weakest performers of the recent red period. but i didn't have a stop and didn't sell anything so didn't sell this one either :) my long-term idea still holds but it seems it needs to explore a comfort level for some time. when it becomes clear it doesn't go any further down, it will go up. duh! hahah. seriously though, i think it's still undervalued, so I'm still not selling below $333 let's see if you are considering this is probably a good entry