Analysis:
After several months of steady downward pressure, Alephium (ALPHUSD) has finally broken out of its falling wedge pattern on the 1-day chart a classic bullish reversal structure.
Falling Wedge Breakout
Price has moved cleanly above the wedge’s upper trendline, indicating exhaustion of sellers and the arrival of stronger buyers. This is the first meaningful bullish signal in months.
Candles are showing stronger closes, and the volatility has tightened, which often precedes a significant upward move.
After several months of steady downward pressure, Alephium (ALPHUSD) has finally broken out of its falling wedge pattern on the 1-day chart a classic bullish reversal structure.
Falling Wedge Breakout
Price has moved cleanly above the wedge’s upper trendline, indicating exhaustion of sellers and the arrival of stronger buyers. This is the first meaningful bullish signal in months.
Candles are showing stronger closes, and the volatility has tightened, which often precedes a significant upward move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.