Hi dear friends, hope you are well and welcome to the new trade setup of Alpha Venture DAO (ALPHA).
On a 4-hr time frame, ALPHA with Bitcoin pair is about to complete a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Alpha has been in a descending triangle for a long time.
I expect it to broke this channel with a strong weekly candle, then as the first leg-up, I hope it will re-gain $1 area.
Don't forget that Alpha Finance Lab (which recently changed it's name to Alpha Venture DAO) has built a great platform, which has great functionalities & features for dApp makers & web3.0...
The trend seems to be confirmed with a very similar bear trap triggered by BTC on July 20, 2021 which influenced the bounce. We are strong bullish with our eyes on the first target of 1.20 usd if the resistance is exceeded. Credits MattmediaWg on TradingView.
If you are an $ALPHA hodler you need to zoom out. I have hypothesized another scenario, although I believe it first must reach ATH. When it reaches the $ 1.20 threshold I will activate SL. If we see the comparison with the movements of BTC, it could be a useful TP. I am not in a hurry to sell ALPHA, the supply and volumes are too interesting. We have about 20 days...
Still long on $ALPHA. As we can see in the 4h chart, after the weekly closing, the same structure, and the same volume profile, was formed on the price action last Monday. The lows are rising and we should expect another major breakout attempt. It has already been shown in the past that these similar heads and shoulders were not bearish, but attempts to break...
The overly optimistic version of my idea on the weekly chart. We come from a collapse and a long period of accumulation. If we look at this TF, even BTC was uncertain in mid-January 2021. $Alpha appears to be repeating the January movement. The chart is approaching the fourth week from the collapse, where in January from a low of 0.37 it had broken through 1 usd...
Alpha is forming this bullish falling wedge which will go up roughly about 50% as in the previous pattern. And it's going to be only showing strong rise movement from there. I'm predicting it will hit its previous all-time high between 1 - 2 more months. Full potential. Hold your pocket cuz we're going to Jupiter. With its low risk to high reward ratio, It's a...
