ALPHA 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.
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.
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