ALPHA.USDT (Y21.P1.E1).Re-accumulation
HI All,
Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation.
With Alpha, its nice and a clean chart.
It went with 4 bases and a toping off (distribution) phase as per the chart.
Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level.
This is the level where you should seek to reenter to long.
I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time.
So I will buy some it this formation and buy more as it breaks out.
The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge.
Once can't be sure until we see what happens in the coming days.
All the best,
S.SAri.
Looking at many ALTs, they either have their 12 hrly trend or lost their trend and looking for re-accumulation.
With Alpha, its nice and a clean chart.
It went with 4 bases and a toping off (distribution) phase as per the chart.
Now its trying to establish support at the 0.618 level, and now on the 0.5 fib level.
This is the level where you should seek to reenter to long.
I"m more interested to enter when its about to break out, which risks the likelihood of missing out, at the time.
So I will buy some it this formation and buy more as it breaks out.
The triangle (purple) is only denoting a bottom formation, for it can take many shapes, eg inverse H and S. or wedge.
Once can't be sure until we see what happens in the coming days.
All the best,
S.SAri.
Note
Sometimes copy and paste doesn't work the way you want, in this case, the URL>Note
Note
Actually, revisiting this, its more likely to play this out.Note
my thoughts for now
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.