ALPHAUSD Analysis
Reasons to sell
Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch.
Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned.
Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens
Reasons to buy
Strong daily candle close the day before on the Friday (same day as options expiry)
Options expired so selling pressure has gone
Still testing the Strong resistance turned support level at $1.81
Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch.
Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned.
Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens
Reasons to buy
Strong daily candle close the day before on the Friday (same day as options expiry)
Options expired so selling pressure has gone
Still testing the Strong resistance turned support level at $1.81
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