#ALPACA HAVE 99.89% CHANCE OF DOING THIS PRICE ACTION!
If you're looking for an in-depth analysis of ALPACA, you're in the right place.
Here's why.
As ALPACA made its 200% surge in the span of less than a week, we've identified the possible price levels in which selloffs will most likely happen and halt its movement. The key level of 0.2813 has 9% probability of committing major selloffs as this key level is where everything needs to be confirmed, such as if ALPACA can break through this key level. As more sellers are awaiting for this key level, we've also plotted the 0.38 price with 17% possible selloff. This key level have previously shown series of bearish wicks that signifies the inability of ALPACA's price to go any further. Although, we've taken into consideration the possibility that this might be broken out with great buying pressure, there is still more chances that this could reject from this key level. For the prices .47, .72 and .91, we've marked these with the highest possible selloffs as it would take intense buying pressure to push through this key level with more than 400% increase. We've also based these key levels using the Fibonacci tool to identify the retracement key levels that would most likely be the points of rejections. With 50% being the highest point and the above retracement levels can still be considered although, it's highly unlikely to have the price to reach there.
In conclusion, as we look further look at the possible selloffs this signifies that we are also looking forward to the possible rally that may happen. This altcoin has already done the process of accumulation and is now heading towards a full markup phase. Hence, it would be wise to lookout for the higher highs and higher lows of this altcoin for optimal positioning!
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
