๐Ÿ”ฅ ALPHA Reversing After Double Bottom

In my previous analysis, I looked at the long term possibilities of this amazing coin. This trade is still active and pictures a great analysis for long term investors.

๐Ÿ”ฅ ALPHA Long Term Channel Trade


This analysis has a shorter time view than the previous analysis. ALPHA has produced a double bottom which caused a bullish reversal to occur, with Bitcoin's help of course.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart Iโ€™ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!
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