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#ALPH
On the daily ALPH/USDT chart, the Exponential Moving Average EMA (5) crossing above the EMA (30) is an early bullish signal as clearly seen. This crossover shows that short-term momentum is beginning to outweigh longer-term selling pressure as it has been for many weeks now. When EMA (5) stays above EMA (30), it often confirms a developing upward trend but the new trend might still need to be tested by coming market. This is true especially if price holds above both lines.
The Moving Averages (MA) support this same view: MA(5) turning upward and narrowing the gap with MA(30) suggests improving strength and buyer participation in the market. It is imperative to note that so many traders are taking note of this averages cross around the globe. While confirmation needs volume expansion to be certain, this current structure typically signals a gradual bullish trajectory rather than a sharp reversal. Long term, Medium term traders and scalpers should take note.