🔥 ALPHA Bearish Action In Channel

In my previous ALPHA analysis I made the prediction that ALPHA would be declining after hitting the top of the channel. ALPHA is currently declining rapidly after Bitcoin uncertainty, moving towards the lower support of the channel.

In my previous analysis I argued that the yellow box area would be a great time to buy in. That analysis still holds, since I'm still bullish on ALPHA. Although it needs to cool off a bit.

I've marked a target around $1.10 which should be reached in case bearish pressure will continue. Around that area I'll be watching for a nice moment of re-entry, so keep an eye on my channel.

Happy trading!