Alpha Venture DAO (ALPHA) – Bullish divergence

ALPHA / TetherUS BINANCE:ALPHAUSDT

without_worries

On the above 2-day chart price action has corrected a whopping 95% since the sell signal in February 2021. A number of reasons now exist to be long, including:

1) The buy signal of course.

2) Price action and RSI resistance breakout with support confirmations.

3) Regular bullish divergence . Eight oscillators are currently printing bullish divergence over a 30 day period. Fantastic.

4) Everything that is said above is also true for the 2-day BTC pair (below).

5) Nudge nudge wink wink. Don’t know what I mean? Shame.

Is it possible price action falls further? Sure.

Is it probable? No.

Type: trade
Risk: <=6% of portfolio
Timeframe: 3 – 18 months
Return: 10x minimum 15x likely

2-day BTC pair

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