Aleph - Short-term neutral, long-term bullish

31 Jul 2024

Aleph - Neutral, long-term bullish. Looks like this is trying to go sideways for a few days, if we flush out the last of the fear I believe we can see some buyers coming-in as we bounce off the lower bounds of the long-term channel. I'm expecting a hold at where the long-term uptrend channel low is, which matches up with the mid-line of the short-term downtrend channel. We have a big range here, so on the much longer-term timeframe, I'm targeting TP level of 0.32 - assuming crypto hits the phase 4 of the bull cycle. Aleph sold off to around July 6th, and has been moving pretty-much sideways since then so we've had a drop, consolidation, and hopefully will get that nice long-term reversal pattern to play out.

Timeline for the move I'm targeting on this is weeks to months.

1 Agu 2024

Catatan

Aleph currently broke sideways action, expecting a few more days of selling as we work out some fear.