ALPHA Finance: A Top DeFi Coin - YouTube

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going forward hey guys Altcoin Sherpa here  with a daily coin analysis on alpha finance  

i love alpha finance this is a fantastic coin  it's one of the most bullish coins uh lately  

and i have been in since like 30 cents  or something like that or even lower  

so as always this is not financial advice i am not  an expert uh do you run research uh blah blah okay  

so today as i said i want to review alpha finance  and this is a a great project in my opinion  

it allows you to uh farm with leverage and i  remember reading about it in the summer and  

actually farming it before i even knew what it was  but yeah this was obviously a incredible run that  

it had back in the uh early uh later parts of 2020  and this is just basically a massive parabolic run  

not really much to say about this  initial run from a ta perspective

because it has such limited price history you can  see back here this initial swing high from the  

uh parabolic run initially uh acted as resistance  around 30 cents and price did kind of like a  

kind of like a bullish accumulation period  for about one month or so almost exactly

so about uh i don't know a little over a  month this is like a bullish accumulation  

and i i also have another video on  bullish accumulation so check that one out  

if you want but basically here is basically  uh what happened was it price took a break  

and accumulated here and another leg up and  price obviously had this massive spike up this  

usually when you see big swing key highs like this  these will act as important uh sr levels and this  

again is what happened later on but overall i mean  this coin has gone absolutely berserk the last  

week or so so overall what are my targets for  alpha let's look first in terms of buying dips

i actually did mark this chart here before

before it started to run but i mean i  always i posted on twitter i thought  

that 125 was an excellent entry for several  reasons you can see the demand area here

and this was an area that price consolidated  at before it moved up to that initial wick but

this was also the 618 fib which was is  usually a very key level in my experience  

and uh yeah this was a great entry for at 125.  obviously you know price has gone up since then  

and as of right now it's it looks to me like  price is knocking on the door for another leg up  

now i'm not saying to buy here because  this is a key resistance area and  

uh this is like you know all-time high levels but  it wouldn't surprise me at all to see this hit  

two dollars in the short term if i'm looking  for other entries for alpha i'm looking at

this daily demand area here

around 108. and if bitcoin tanks this is almost  certainly going to come as all usd pairs do  

so 108 anywhere from uh one dollar or i'm sorry uh  90 cents to to 108 would be a solid entry area in  

my opinion in terms of the short term uh the 125  will have some support initially but if if price  

taps that uh then it's going to to fall but it  all depends on your trading style if you're if  

you're looking to just you know invest in alpha  i think it's like a high percent chance that  

this one will be higher than uh current prices  in you know a few weeks or months but again if  

you're buying at like all-time high levels so i i  can never recommend that you know uh if you want  

to stay patient 1 110 should be solid if bitcoin  really takes a big dump then 75 cents would be  

great too in my opinion but uh i still think  it's like a high probability that this will uh be  

higher than current prices in the coming weeks  and in terms of overall price projections for  

this i would just basically  use a fib extension for  

uh this recent price action and i would  basically use these as my targets uh  

182 two dollars or 198 206 218. these are  kind of my next levels uh for my fib extension  

but you know again as i said it wouldn't  surprise me at all to see this go  

beyond two dollars within the next uh  few weeks i don't necessarily see the  

i don't see uh or total reversal coming quite  yet we do see high sale volume and usually  

excuse me the high cell volume here this could  have been a blow off top but given how strong  

this coin has looked and given the overall market  context i still think that this is not necessarily  

done with its run quite yet um and it's always  hard to predict when these runs will end  

you know usually you'll see on lower time  frames you'll see some signs of exhaustion  

like this you know from 180 to uh  125 this this looked toppy for sure  

and the prices has has rebounded so we're gonna  see here if this is gonna be a double top it's  

certainly possible uh you know price might wick  above and then just start heading back down  

and that's entirely possible uh in which case i  would just start to look to buy dips on this one  

but uh and there there is  gonna be a high probability uh  

shorting area in my opinion around 182 that this  is probably not a bad area to take an initial  

short but again depends on your strategy for  me personally i'm just planning on buying dips  

for alpha as i said 18108 would  be good and uh if it comes and

yeah i mean i i i wouldn't be surprised again  if it eventually does come but you know it might  

take some time but either way i'm just looking to  buy dips on alpha it's it's a fantastic coin in  

my opinion and uh yeah okay so let's go to the btc  pair the alpha btc pair again insane parabolic run  

and you know this wick here was resistance but  obviously price eventually broke it and if i'm  

looking for entries on the btc pair again i'm  i'm going to keep the same kind of idea of just  

buying dips on this one instead of really looking  to short it personally uh usually it's just it's  

very kind of scary to short uh these types of  coins because of the uh how much hype they have  

if i'm looking to buy uh this initial area  should have some support around 5200 satoshi's

4 000 will have some too as well and of course  uh 3 400 or so i wouldn't expect something like  

this though to happen like the 37 like this 37  move from current prices unless bitcoin does  

like something really insane like goes up huge  or um if it goes down huge i i don't i don't  

i don't see that i still don't know if i  see this tankiness much personally uh so  

yeah personally overall alpha is still a very  bullish coin to me i don't know if these lower  

entries would come anytime soon never say never  but there's still healthy by volume coming in uh

and uh yeah i mean this is overall just  looks really really good in general and uh  

i am bullish on alpha i think it's still a  great coin and i'm just looking to buy dips on  

it personally and keep accumulating so hopefully  you guys enjoyed this video thank you for watching