During the last three trading weeks in the ALPHA market, sellers were able to lower the price to the main critical zone of $0.3. The last time the ALPHA price was in this range was in June 2021. At this time, the correction in the ALPHA market was much more aggressive in the dynamics of the fall. In addition, starting in May 2021, trading volumes during the fall wave were high enough to scare ALPHA investors. If you compare the current wave of falls from September 2021, you can see a radically different tactic. For the first time, trading volumes throughout the fall wave are lower than ever. The ALPHA price has been falling for almost six months. In the last 3 weeks alone, the trading volumes have doubled, which signals the interest of buyers in the range of $0.3. https://www.tradingview.com/x/YDpYuRlJ/ In the weekly timeframe we see a clear narrow channel of the ALPHA price fall. Sellers managed to update the local low from June 2021, but this did not add to the price of the fall dynamics. Therefore, in the case of keeping Bitcoin in the range of $34,000-$36,000, we expect the beginning of a sharp fall wave with the main target of $0.7. Though, this growth impulse should not be considered a global medium-term wave of growth. If the ALPHA price stops at $0.7, there is a high probability of a new growth wave with the final target of $0.2. Technical Analysis Of ALPHA On The Daily Timeframe https://www.tradingview.com/x/GfgRtQHm/...
