Stella's chart is straightforward; a sharp upward move followed by a lengthy correction wave unfolded in a big descending triangle pattern. Recently, ALPHA broke the major downtrend line. Let's see how up Stella can go.
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Alpha is going crazy!
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So, after Alpha frenzy ended, price came down. Alpha need to break this major horizontal resistance area in order to confirm reversal. Let's see what happens.
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So, Alpha couldn't break the major horizontal resistance area, then went down. It seems Alpha has made an inverted wedge/triangle pattern. Recently, Alpha reached the bottom and then broke the downtrend line. Let's see if Alpha can reach the inverted pattern's top or even break it.
Trade active
So, Alpha is going up toward the inverted wedge's upper line. Let's see what happens.
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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.