ALPH/USDT is currently forming an ascending triangle on the 1H timeframe, a structure that is generally associated with bullish continuation.
Price continues to print higher lows, while repeatedly testing the 0.118–0.120 resistance zone, indicating steady buying pressure and ongoing compression.
A confirmed 1H close above resistance would support a bullish continuation scenario.
The setup remains valid as long as price holds above the rising trendline; a breakdown below it would invalidate the structure and shift focus to lower support levels.
Key levels and invalidation points are clearly marked on the chart.
Waiting for confirmation, but the structure currently favors the upside
Price continues to print higher lows, while repeatedly testing the 0.118–0.120 resistance zone, indicating steady buying pressure and ongoing compression.
A confirmed 1H close above resistance would support a bullish continuation scenario.
The setup remains valid as long as price holds above the rising trendline; a breakdown below it would invalidate the structure and shift focus to lower support levels.
Key levels and invalidation points are clearly marked on the chart.
Waiting for confirmation, but the structure currently favors the upside
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.