will alphausdt go up??The coin is now ready to go past the trendline resistance it was facing , after many attempts we can see now it is attempting for breakout.
As we all know,
the most number of times price goes to resistance level the resistance becomes weak and weak so have to watch this thing here too ,
weekly closing is very important for this for good rally.
ALPHAUSDT trade ideas
APLPHAUSDT | RESISTANCE BROKENALPHA has been trading in a bearish trend .
The bearish trend was well respected by price trading under the resistance .
The price has been making lower lows and lower highs.
Now after taking support from horizontal zone, the price has broken above the resistance zone .
The bulls can take control from here.
Manage your levels accordingly.
ALPHAUSDT is testing the resistanceThe ALPHA/USDT pair appears to have bounced off of a key weekly support level, breaking out of a descending trend. It has retested the previous resistance as support and is currently testing a 4-hour resistance level. The next weekly resistance level could be the next target for price action. Overall, the technical analysis suggests a bullish outlook for the pair in the short-term.
A descending channel is a bearish technical chart pattern that is formed by two downward-sloping trendlines that connect a series of lower highs and lower lows. The pattern is formed when the price action of an asset is moving in a downward direction within the boundaries of these two trendlines. The upper trendline represents the resistance level, while the lower trendline represents the support level. A descending channel is considered a bearish pattern as it indicates that the asset is experiencing a downtrend and that the selling pressure is stronger than the buying pressure. Traders typically look for a break above the upper trendline, or a break below the lower trendline, as a sign of a potential trend reversal.
How to approach it?
We are waiting for a clear breakout of the 4h resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
ALPHAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALPHAUSDT
In this chart, R1 is our resistance line in which the unsuccessful triumphs of price is obvious. And at the bottom of the chart, we have S1 and S2 that are the support areas and contain the well support of price at various points. Therefore, we observe the fluctuation of price over S1 after a recovery trend and our expectation would include a rise to reach R1 line. There the price will provide us some confirmation candles for a decline and the short position of the chart is activated and the price falls down to S2. Also it happens that the price is able to rise over R1 and experience more increase. Please bear in mind that you need multiple pieces of information which you would obtain from our updates and analyses.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ALPHA.2023My prediction from alpha chart before halving 2024.
If the market trend is upward from the beginning of 2023, there is a high probability that we will see something like this from Alpha. Due to the development of the project and its good cooperation with projects such as MATIC, INJECTIVE, BAND PROTOCOL, OASIS,...