ALPHAUSDT BREAKOUT ? POTENTIAL HUGE BULLISH REVERSAL!
Hello Traders!
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- Technically speaking the chart looks very appealing , on 1D chart time frame ALPHA is still in bearish mode , downtrend started since mid of May 2021 making lowers highs and waiting for a decent breakout which suggest to bring a
great rally ( until the breakout is confirmed ). yet looking into lower time frame on 4H Chart we can see a clear downtrend for ALPHA inside a falling wedge making a lower highs and lower lows suggesting that sellers had shorted on
every pullback and price got squeezed failing to make a new lower low , price action showed some bullish momentum on an important level support ( demand zone ) 0.300$ ~ 0.3500$ suggesting that buyers are ready to take the price
higher , a breakout is very possible which will confirm the scenario.
- Until now we are still in bearish mode and we would like to see buyers pushing to take the price higher above the descending resistance , breaking last swing low on level 0.600$ ~ 0.610$
Buy Entry level would be 0.300$ ~ 0.3500$
ALPHA fundamentally is a good project and have a decent team
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.
Alpha Finance Lab looks to differentiate itself from other DeFi ecosystems by actively seeking, identifying and addressing unmet needs in the DeFi space with a breakneck development cycle.
Good Luck Traders.
- Please push the like button if you like the content or drop a comment to share your idea!
- Technically speaking the chart looks very appealing , on 1D chart time frame ALPHA is still in bearish mode , downtrend started since mid of May 2021 making lowers highs and waiting for a decent breakout which suggest to bring a
great rally ( until the breakout is confirmed ). yet looking into lower time frame on 4H Chart we can see a clear downtrend for ALPHA inside a falling wedge making a lower highs and lower lows suggesting that sellers had shorted on
every pullback and price got squeezed failing to make a new lower low , price action showed some bullish momentum on an important level support ( demand zone ) 0.300$ ~ 0.3500$ suggesting that buyers are ready to take the price
higher , a breakout is very possible which will confirm the scenario.
- Until now we are still in bearish mode and we would like to see buyers pushing to take the price higher above the descending resistance , breaking last swing low on level 0.600$ ~ 0.610$
Buy Entry level would be 0.300$ ~ 0.3500$
ALPHA fundamentally is a good project and have a decent team
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.
Alpha Finance Lab looks to differentiate itself from other DeFi ecosystems by actively seeking, identifying and addressing unmet needs in the DeFi space with a breakneck development cycle.
Good Luck Traders.