Setup: ALCX 4h and daily chart looks bearish. ALCX on the daily chart got rejected by the long term trendline( blue in color). ALCX on 4h seems to follow the 8 ema
Entry: 272.5
SL: 1 ATR above 8 ema( Trailing SL)
TP: 230.6
I think if we can hold up above the dashed orange line we can then potentially turn this channel into a bull flag. I would enter here with a tight stop being the orange line or higher. NFA, DYOR
Daily chart for ALCX is breaking out for huge pump. Good spot to hop in.
This will pump hard for new ATH
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ALCX just broke its downtrend that its been on and now its bound to fly up to around $370. Around this level be careful it will be testing the resistance of the major downtrend that it's been on but if we're able to break that line we're really going up now.
I decided to be imaginative with how $alcx will play out before the end of the year 2021. First of all, I'm trying to figure out the bottom and the estimated bottom in my opinion is about 180$. How did I come up with this estimated bottom, you might ask?!. It's the support trend line. No fancy tricks here. Figuring out the overall pattern here is a bit tricky but...
- Recently listed by Binance
- Already listed on Coinbase
- Downtrend line approaching
- High volume
- Good growth expectations following fibonacci retracement
- Keep an eye out or buy the deep
- Not financial advice
ALCXUSDT trade will move up 230% Fib level as first target. But after hitting first target of the ALCX, trade will be in accumulated area (hovering around 161% fib level and 230% fib level). You can expect good boost after crossing the accumulation period.
long signal for me was 2 consecutive weekly candle closes above monthly and quarterly resistance levels. first take profit is $1700, although this coin is likely to make new all time highs into the new year
#ALCXUSDT
$ALCX is a coin that didn't increase as much as others, now price is below a resistance zone and struggle to break it, but before that it is possible to decrease and touch the support zone, then start a rally to weekly resistance zone that it is 80% - 100% profit.
long term target can be around $1100. (200%)
solid fundamentals, tokenomics and technical setup. this coin is currently trading below the $350 initial launch price and is in my opinion one of the best R:R setups going right now in the DeFi space. a further catalyst for upside rally is the imminent new all time high on BTC, which will likely initiate face melting pumps across the market early into the new year.
Hey traders, Alchemix is a huge derivatives de-fi play and is beginning to break out. Been in a long tight down trend and broke up to on the 4H, strong volume and MACD cross. Lots of over head to surpass but the R/R is phenomenal if u start averaging-in your position now. What are your thoughts?
you can see my SL and Targets in chart
if you bought already make sure that you set the SL.
and if you looking to buy wait for another breakout from blue line
I hodl both and wanted to understand if one was moving faster than the other. Using ratios, I can see ALCX is outpacing 1INCH in price increases.
Market cap of ALCX is much lower 250 million vs 1billion roughly at time of writing, ALCX supply is lower as well 564,595 total circulating ALCX VS 380,884,858 1inch so no wonder it's moving faster.
This also means...
