Alpha Finance Lab is forming Inverted Head and Shoulders🤷 and if price breaks up I think there is chance for run to 1.1 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.9610
SL : Right Shoulder @ 0.9047
TARGET : Inverted H&S target projection @ 1.1030
Keep an eye on ALPHA here ,
ALPHA is extremely under valued in current market situation , bought here & patiently will wait for targets .
I expect to reach those target in 2-3 weeks .
NOT FINANCIAL ADVICE.
ALPHAUSDT Technical analaysis Update
ALPHA/USDT currently trading at $1.00
swing trade setup
Short level : Below $6.93
Stop loss: $0.80
Max Leverage 1x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
Hi, axehedge is a hedge fund focused on US Equities, Asia equities (Ex-Japan, Ex-China) and crypto. Just here sharing our strategies as we're opening up access to our funds via our platform on https://axehedge dot com/.
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ALPHA looks good here. Broke out of the triangle and currently retesting.
Entry: $1.164 to $1.193
Stop Loss: $1.062
Note: Do not use high leverage and accumulate the dip to average the entry. This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
WARNING CONTRACT ADDRESS REFERENCED ALONGSIDE THE CHART IS A SCAM.
THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72
I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap .
You can verify it from:
@ensdomains official tweet
$ENS DAO article
after Breakout #ALPHAUSDT will Face 4H Resistance And Daily Resistance And There is Multiple Rejection Trend Line Is Strong Trend Line #ALPHAUSDT price 3rd Time will hit trend line and possible trend line will breakout
Keep in mind.
🟢 Multiple Rejection Structure
🟣 Monthly Frame Structure.
It's important that traders wait for the pattern to complete. This is so because a pattern may not develop at all or a partially developed pattern may not complete in the future. Partial or nearly completed patterns should be watched, but no trades should be made until the pattern breaks the neckline. For the inverse head and shoulders, we wait for price movement...