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 still believe that ALCX is a good buy anywhere under $40.
Currently, ALCX is holding on the trend line, walking on the 50-day moving average. Any break from here could send it down to the 200-day moving average line, somewhere in the $20 area. That would be a great time to buy at a great price. If you look at the weekly timeframe, it looks like ALCX is primed for a HUGE move upward if and when the alt-coin bull market is confirmed.
Right now ALCX faces extreme resistance at $40-$44. Once that is broken through and becomes a support, that will be a confirmation that we are headed to the next line of resistance which would be around $92 and then $130.
Personally I am holding on until $1000. Remember this is an undervalued coin with a low supply of just over 2 million. It is also a good project that has made recent improvements and is still very much active.
Currently, ALCX is holding on the trend line, walking on the 50-day moving average. Any break from here could send it down to the 200-day moving average line, somewhere in the $20 area. That would be a great time to buy at a great price. If you look at the weekly timeframe, it looks like ALCX is primed for a HUGE move upward if and when the alt-coin bull market is confirmed.
Right now ALCX faces extreme resistance at $40-$44. Once that is broken through and becomes a support, that will be a confirmation that we are headed to the next line of resistance which would be around $92 and then $130.
Personally I am holding on until $1000. Remember this is an undervalued coin with a low supply of just over 2 million. It is also a good project that has made recent improvements and is still very much active.
Comment:
As of right now, ALCX is in an ascending triangle pattern. According to moving averages on Weekly and Daily timeframe, ALCX is in a prime position for a major breakout above this triangle. Since the BTC halving is only weeks away, a breakout of this triangle looks to coincide with the timeline of the ALT season breakout IF/WHEN the halving bull market starts. To me, it looks like it is just teasing us to buy more. Buy more I shall. Pretty soon, anything under $40 will look like a steal.
Comment:
Alchemix breakout confirmed.
Comment:
We wicked up and over a major line of resistance. ALCX fell back into the triangle. The breakout and rise to $50 was fast fun to watch. It took little effort to shoot up a mere 50%. I think it is a really good sign. With the halving coming up it is obvious that there is some whale movement but this breakout will bring a lot of new buyers. I'm loading up some more and Im realistically not going to take any profits until we see a test of the $92 mark.
Comment:
Super bullish movement alert!:
Take a look at the daily chart. The 20-day MA has just bounced off the 50-day and the ribbon looks open and expanded. Ready for a big move upwards in the coming weeks. I personally believe that this one will move independent of the market, but that is just my opinion. This coin has all the makings for big time investors to make a lot of money. Hope you and I are the lucky ones to benefit from this.
Take a look at the daily chart. The 20-day MA has just bounced off the 50-day and the ribbon looks open and expanded. Ready for a big move upwards in the coming weeks. I personally believe that this one will move independent of the market, but that is just my opinion. This coin has all the makings for big time investors to make a lot of money. Hope you and I are the lucky ones to benefit from this.
