Technical analysis

    Alpine Formule 1 – Breaking out! Huge opportunity, right now.

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    Alpine on the daily chart
    • As you may know FAN tokens show great strength compared to other altcoins.
    • A huge symmetrical triangle is breaking out on the weekly timeframe , as well as a local rectangle base!
    • Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed.
    • I also checked out the ALPINEBTC pair, which is even stronger, so I don’t know what about you, but I am buying!
    • The profit target is below the previous all time high, which is a reasonable target before a possible correction.
    • https://www.tradingview.com/chart/ALPINEUSDT/dgNkWauD-Alpine-Formule-1-Breaking-out-Huge-opportunity-right-now/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.