FieryTrading

🔥 ALPHA Reversing After Double Bottom

Long
BINANCE:ALPHAUSDT   ALPHA / TetherUS
In my previous analysis, I looked at the long term possibilities of this amazing coin. This trade is still active and pictures a great analysis for long term investors.


This analysis has a shorter time view than the previous analysis. ALPHA has produced a double bottom which caused a bullish reversal to occur, with Bitcoin's help of course.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!
✅2021 result: +203% per week

🏆Free channel & Free Algo-bot: https://taplink.cc/fierytrading

🔥Premium channel: Entry, Stop & Target - https://www.fierytrading.com/

🚀Automatic copy trading supported

Comments

Hi FieryTrading, thanks for the signal.

Question: No matter how I look at the ALPHAUSDT chart I do not see the daily channel as you show it? Am I missing something?

many thanks
+3 Reply
cherrett20 vandyk77
@vandyk77, it's in logarithmic form. Press the log button at the bottom right.
+2 Reply
vandyk77 cherrett20
@cherrett20, gotcha! thanks
+1 Reply
thanks for helping our Cherret, it's indeed a log chart.
Reply
Fantastic job! Given we’re almost at R2 within a few days, would you recommend holding past R2, or exit as the other opportunities you post could potentially have more upside?
Reply
@anandsub, Good question. Take a look at my long term ALPHA trade:
Reply
anandsub FieryTrading
@FieryTrading, awesome thank you for clearing that up! Your work is very much appreciated
Reply
Nice pattern
Reply
FieryTrading Investroy
@Investroy, appreciated🔥💯
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter