After a very large correction, taking us down from around $1.20 to 5c, is the pain finally over? We have fallen over 90% and the chart has reached the previous lows and they have acted as support. Blessed to have been able to pick up this gem so cheap.
We have finally broken the trend line we've been stuck under since the 1st of January. The Daily and Weekly...
where will ALBT be within the next couple of months? Will we move lower into the $0.06 price range or higher? Are we at the bottom with Bitcoin yet? I personally think we may have just one more dip to test the support we hit back on May 12th. If not, then we may have seen the bottom for BItcoin and AllianceBlock may move higher from here.
With BTC Dominance going lower it still has more room down which says a lot about ALTS being on fire this past week therefore an opportunity arises for ALBT
ALBT falling hard, broken through golden pocket with not much resistance till previous summer low and 0.5 fib.
With the way BTC is looking currently this could fall a lot further. Either way now is a good time to start buying for long term.
ALBT has completed a full reset reacting off the 88% retracement. Catching a reaction here is further validating the potential falling wedge pattern. Bullish Divergence on the MACD and convergence on the RSI. Deep Value Area!
ALBT hit resistance and is now plummeting with the rest of the market. Hit support but volume today has far exceeded the previous move up, expecting a move down to ~0.48. Could bounce straight from this price but more likely is it accumulates there for a week or two, however I will be buying on first hit.
RSI resistance line needs to be broken before price can...
Looking at the volume profile, the resistance area and the MACD divergence I seethe down move as nearly exhausted and we can expect either a reversal or a large correction. Watching for a breakout of the Trend Line and confirmation.
ALBT tokens are the backbone of the AllianceBlock Ecosystem.
The ALBT token serves as a multi-purpose tool to be utilized as the primary medium of exchange, means of reward for ecosystem participants, and network fee payment mechanism. In addition the ALBT token will act as the currency reserve of the ecosystem reserve pool and as a governance token for voting...
this is a new analyze method im developing , still working on it but main trends, supports and resistant's can be found by this method . and also an acceptable time estimation. you can see how price moves and reacts to these trends in all posts. still working on it to debug the method.
Not like it matters cos in it for the long run, but 4H chart looking ready to move. Retest of the triangle we just broke out of, 4H Golden cross and MACD looking like a flip is coming soon. Will be surprised if this doesn't take us back to 1$ +. (Not like I'll be selling any anyway)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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The 1.618 fib of the last rally is also the 0.618 retracement fib (not shown) for the current retracement.
AllianceBlock is building the future of finance by creating a protocol that will bridge DeFi (Decentralized Finance) and TradFi (Traditional Finance).
In TradFi this will enable institutions to save costs by eliminating regulatory and technological...
If ALBT can have a 4 hour close above the trendline I'd say we can see it reaching the 61 fib level on its way back up.
It won't be a smooth ride, but I believe we can set a new ATH in this market cycle still.
Not financial advice do your own DD!
The numbers alliance block will see in the years to come will be mind blowing, this is short term analysis tbh. But 5$ eoy is a low target to be honest. Faces will truly be melted.
KUCOIN
