ALPHA-USDT, Behind the scene with Mathematical Olympiad Genius
This is only a personal idea based on my very limited knowledge, please do your own research and analysis.
Considering the fundamental part, Alpha is a Defi project backed by ETH, Personally, I believe there is a big need for Defi's in the current environment of crypto, Is Alpha going to be the one solving the problem? I am in no place to judge, but that is the whole point of investing, we want to invest in something that we believe it might grow in the future, we do not need something that is already on top. I was a part of a mathematical olympiad myself, and the interesting part for me is that their lead engineer and researcher is Nipun Pitimanaaree, a graduate from MIT who won a gold medal at the International Mathematical Olympiad 4 years in a row! The guy is a pure genius, is that enough for their team to succeed in the wild world of crypto? definitely not! But at least, they have a good team behind the project. In the end, we have to be aware of the fact that 90% percent of the coins we hear today, might not even exist in 3 years.
From the technical side, the price started to grow in a channel after its drop during February, I have highlighted two possible entries for Alpha in the case of the bullish scenario. First one is right now, it is a bit more risky, but the good news is that price is touching the bottom of channel, we can see a daily cross on the Stoch-RSI chart, I would recommend waiting a bit to make sure the cross is actually happening and not turning around. The bad news here is the low volume and not that pretty RSI, we can wait for the RSI chart to break that trend line( on the RSI chart) for confirmation. The second entry, which can be a perfect entry, can happen when and if the price successfully breaks 2.1 and RETEST that price, so we gonna wait for a retest there(2.1--2.2) for our second entry. What is the potential gain? If we enter right now(do not forget about StopLoss), the first target can be around 2.1, if the price successfully moves up from there, the following targets could be reached: 2.55, 2.8, and 3.2.
Very Important Note:
The Crypto market is very volatile, we all still remember the 90% drops that happened in most coins including the promising and strong ETH. 2020-21 has been a very bullish year, so it is easy for a lot of people including myself to put analysis and say this and that and this and that gonna happen. Personally, I consider the part of my portfolio that is invested in crypto, already gone! This is a very risky market, especially if you are leverage-trading. In my opinion, you can only win if you lose less, so focus more on losing less, do not even think about gains. I can not emphasize that enough. If you want to invest in something, why not learn about the project first, 90% of the coins out there are scams, the coin I just analyzed could be a scam, who knows?
Thank you for reading my opinion,
Happy trading
Considering the fundamental part, Alpha is a Defi project backed by ETH, Personally, I believe there is a big need for Defi's in the current environment of crypto, Is Alpha going to be the one solving the problem? I am in no place to judge, but that is the whole point of investing, we want to invest in something that we believe it might grow in the future, we do not need something that is already on top. I was a part of a mathematical olympiad myself, and the interesting part for me is that their lead engineer and researcher is Nipun Pitimanaaree, a graduate from MIT who won a gold medal at the International Mathematical Olympiad 4 years in a row! The guy is a pure genius, is that enough for their team to succeed in the wild world of crypto? definitely not! But at least, they have a good team behind the project. In the end, we have to be aware of the fact that 90% percent of the coins we hear today, might not even exist in 3 years.
From the technical side, the price started to grow in a channel after its drop during February, I have highlighted two possible entries for Alpha in the case of the bullish scenario. First one is right now, it is a bit more risky, but the good news is that price is touching the bottom of channel, we can see a daily cross on the Stoch-RSI chart, I would recommend waiting a bit to make sure the cross is actually happening and not turning around. The bad news here is the low volume and not that pretty RSI, we can wait for the RSI chart to break that trend line( on the RSI chart) for confirmation. The second entry, which can be a perfect entry, can happen when and if the price successfully breaks 2.1 and RETEST that price, so we gonna wait for a retest there(2.1--2.2) for our second entry. What is the potential gain? If we enter right now(do not forget about StopLoss), the first target can be around 2.1, if the price successfully moves up from there, the following targets could be reached: 2.55, 2.8, and 3.2.
Very Important Note:
The Crypto market is very volatile, we all still remember the 90% drops that happened in most coins including the promising and strong ETH. 2020-21 has been a very bullish year, so it is easy for a lot of people including myself to put analysis and say this and that and this and that gonna happen. Personally, I consider the part of my portfolio that is invested in crypto, already gone! This is a very risky market, especially if you are leverage-trading. In my opinion, you can only win if you lose less, so focus more on losing less, do not even think about gains. I can not emphasize that enough. If you want to invest in something, why not learn about the project first, 90% of the coins out there are scams, the coin I just analyzed could be a scam, who knows?
Thank you for reading my opinion,
Happy trading