Alchemix has been in an uptrend for most of 2024. As I said in a previous post, the 50-day moving average crossed above the 200-day moving average back in late November, confirming a golden cross. The subsequent upward movement we have seen in the last few months can be related to accumulation in my opinion as I do not believe we are even in a bull market, YET. I...
To be honest, I found this coin simply by going down a list on Coinbase to see if I could find any undervalued or low market cap coins. When I looked at the chart for this coin, I saw it was virtually bottomed out relative to the all time high. There are conflicting accounts of what that is however. The highest recorded price for this coin appears to be $11,000....
This is the updated version of my previous SUSHISWAP:ALCXWETH_C3F279.USD idea, i will update about alcx in this post.
ALCX is ready to 10x from here.
TP: $350
SL: $21
We should hit the target profit in december 2024.
Alchemix ($ALCX) is so undervalued right now, a hidden gem of De-Fi projects.
Falling wedge spotted in 1W time frame, if the price break the swing high then we are good to go. My target is the first major resistance/supply area around 250-400 USD. Don't miss out on this, atleast buy some small amount you will thank yourself in the future.
A very clean hand off from the long-term bearish channel to a new bullish trend. Final confirmation should come from the current wave. ALCX will still be a small cap after a 20x move up with price still well below ATH. Accumulating.
NASDAQ:ACLX is winding up for another run on the 2HR. Price action is consolidating to form a bull flag. If it respects that bottom trend line look for it to advance to $32. If not then $17.91 could be our next support level before another attempt up
On the above 1-day chart price action has corrected 95% following the break of market structure late last year. Multiple reasons now exist to be bullish. Very bullish. Why?
1) The ‘incredible buy’ signal.
2) The 2nd ‘incredible buy’ signal. Double ‘buy’ signals don’t often print, but when they do… Only three tokens in all of Binance/Coinbase are currently...
On the above weekly chart price action has corrected over 99% since the topping out at $1900 in April 2021. A number of reasons now exist to be bullish , including:
1) A strong buy signal (not shown) prints, which has now confirmed.
2) The breakouts of Price action, RSI , and Money Flow ( MFI ) resistance.
3) Price action falls to Fibonacci following price...
COPY PASTE FROM FRIDAY
Had $ floating in Gemini account & bought altcoins last night
Looked for #crypto #altcoins that fit criteria from previous thread & not avail on
@coinbase
SMALL CAP > 10x possible returns if $BTC rips
$ALCX #Yield #DEFI
$RARE #NFT #DEX #metaverse
Setup: ALCX is consistently forming newer lows. Another thing to take note is that it is weaker compared to the other cryptocurrency as when it bounce, the bounce is really minimal. The OBV also supports this as OBV is consistently forming lower lows.
Entry: 57.3
Exit: Trail using SAR indicator
On the above 2-day chart price action has collapsed a massive 90% since mid-April. Since then a ‘incredible buy’ and ‘great buy’ signals have appeared. Numerous reasons now exist to be bullish, including:
1) Price action resistance breakout.
2) Regular bullish divergence. Lower lows have been printing with higher lows in RSI. Six oscillators are now showing...
as I said in last post I would be holding this position , unfortunately its changed. In times like this when capital is critical is better too not gamble on coins that pretty much resemble "Ponzinomics" there project isn't really sustainable , I seen a destroyed chart with major CEX listings and my gambling mindset said lets go. However im still up on this trade /...
Yes , finally bullish on ALCX again. Scooped up a lot in the 98-108 zone. Looking too hold this for at least a 2.5x or ill happily wait till it reaches my target. V2 is here , When alcx pumps , it pumps hard. Im in and riding for at least 2.5x, I think this coin has one of the best R:R , AAve is sitting pretty at 2B PLUS mc No reason why ALCX can't flirt with...
I think it is value buying Alchemix at this level and at this time. I will not be trading in and out on this one but allow more time in holding it thru $400 - doubling the initial investment. Good luck
| ALCXUSDT | LONG @ 179 - 181 | TP @ 182, 184, 186, 188, 190 | SL @ 162 | PATTERN = THREE WHITE SOLDIERS | FTX |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
