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
The upward movement of ALPHA was corrected.
At the moment, the price stands near the upper boundary of the consolidation range - the level of $1.10. MA100 is supporting on the daily timeframe.
It is possible to join purchases in the range of $0.95 - $1.05
Stop loss is better to be placed near the price level of $0.65.
Alpha finance is ready to take off
Targets are marked yellow
Prepare yourself cause this can happen fast like with $STORJ , and $UMA
Trade is valid as long as the price stays above the range of 0.094 - 1.135$
No major sell walls, just resistances as fib levels and last retest of previous highs
We had multiple bounces off the support while the resistance has been penetrated. It is not the best price to buy ALPHA as it offers poor risk/reward, but it is certainly a valid uptrend that should push the price up by at least 27%