ALPHA Structure Analysis - 50-day EMA breakout

2 May

Yesterday, ALPHAUSDT cleanly broke and closed above the 50-day EMA, which it hadn't been able to reclaim since December 2024. It also retested the previous $0.042-$0.052 demand zone, which acted as resistance.

Check the weekly chart below for more context:


Key Levels
• $0.024-$0.034: Main demand zone, dating back to October 2020
• $0.042-$0.052: Previous demand zone and current resistance
• ~$0.070: Previous key S/R, currently reinforced by 1-year EMA, and potential resistance
• $0.115-$0.137: Main supply zone

Trigger
I am looking for a retest of the 50-day EMA (~0.035) as support for a long entry, with a clear invalidation below the recent $0.025 swing low, targeting the main supply zone with the other key levels outlined above as partial TP targets.

3 May

Not

ALPHA might be getting ready for the next leg up.
Near retest of the 50-day EMA (+0.618 fib retracement of the recent move).
Now watch this 1H pennant for a breakout.

3 May

Emir iptal

The 50-day EMA didn't hold as support. Nearly full retrace of Thursdays move, and no long entry for the time being.