Technical Indicators:
1. Weekly:
1.1. RSI (14) : A Double Bottom has been formed
1.2. RSI (2) : A HH & a HL has been formed
1.3. Positive Divergence: RSI (2) since 26 Oct 20 so far has a positive divergence
1.4. SRSI seems to have made a triple bottom.
2. Daily:
2.1. RSI (14): the same is true about daily RSI
2.2. PSAR: It is going to breakout up the...
Bullish Shark Harmonic Pattern that has Back-tested previous lows from Feb 23rd and Jan 25th
Entry: $1.30-$1.35
TP Target 1: $2.51
TP Target 2: $2.96
TP Target 3: $3.52
ALPHA went on longer consolidation and now if offering another try to the breakout out of the trend. A lot also depends if Bitcoin doesn't decide to crash.
Nonetheless there is a a chance we see another stop-hunt bellow the recent local lows.
Managing risk accordingly is always required
DEFI tokens trending up.
Alpha is a great finance tool which enables you to get leverage on yield farming opportunities.
You can stake 1 Eth + $1000USD @ 2.5x enabling you to yield farm as if you had 2.5Eth + $2500 increasing the potential APY returns
Been waiting a while for this to really start moving.
Not trading advice!
Feedback welcomed.
$ETH Defi Season is heating back up ahead of EIP-1559 and Berlin Hard Fork as money flows back into the Ethereum Ecosystem. Targeting $2, $3, and headed to $5.25 in the coming weeks. OBV breakout with vol, I'm in early before the buy signal as it pushes out of the accumulation zone.
There is a good chance we are seeing lows for alpha. Likewise this seems the great place to start thinking about building into next 10x (hey, I DONT have any idea if we going to see 10x... this is not financial advice.)
As per video analysis there is very good chance we will start seeing strong momentum from here and following the momentum also seen on AAVE....
Alpha Finance Lab (ALPHA) is looking like Bitcoin March 20" capitulation on lower timeframe. There is good chance it will test the upper side of range (triangle) resistance and a small pullback to test inside the triangle BUT conditions are looking good this this recent Higher Low to be the last point of support (LPS)
This is where optimal risk-reward can...
