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Altsignals

US30 - The Beginning Of Another Crash?We have had Dow Jones on our radar for quite some time now. Price has been steadily climbing and being squeezed for a while. We could be at the start of another big correction like we saw in early 2020. The question is, how big is this correction going to be. The last correction was 37% decline. We could possibly get a similar sized correction this time round. Will be sitting on the sidelines for now until we have a much cleaner idea on what's going on. What do you guys think?
CAPITALCOM:US30
by Altsignals
SOL - Break or Bounce SOL is at a critical place right now where we have a break or bounce scenario. If price can push up from here, we can possibly see price reach the highs once again or even higher. However, if price breaks the major trendline, we could see SOL topple back down to atleast the 65 level. LONG: Wait for price to break the lower timeframe descending trendline and enter with stops below the recent lows SHORT: Wait for price to break the major trendline and enter on a retest of the structure or a bear flag.
by Altsignals
2
BITCOIN - SHORT SCENARIO TARGETS 🩸In our last analysis we were anticipating a rejection from around the 49K level. Price couldn't quite reach the 49K but it went close enough to show us a rejection. We are now looking for short term sell position, possibly back to one of our structure levels. First target we're looking at is the 43K level where we have the previous bottom and structure. Second target is the 37K level where we have the -61.8 fibonacci extension and previous structure. Our short bias will be invalidated if we push above the 49K level. It's important to be flexible and adaptable with the market. If the market shows bullish pressure, we can always change our bias to Long provided there are enough confluences.
by Altsignals
11
CARDANO - Limited Bullish Potential ⚠️It is very possible that we may have seen the all time highs for Cardano for the time being. We are seeing an ascending correction which is almost identical the ascending correction we had at the start of September which resulted in a drop of over 30%. Will be looking to take Cardano down to atleast the 2.20 level. Watch for bear flags on the lower timeframe to for an entry. Have a look at our educational post on identifying Flag Patterns and how to trade them - see linked chart.
by Altsignals
4
BITCOIN - Are We In A Bear Market?Since the major drop we had last week, we could be seeing the start of the bear market. Bitcoin is currently trying to recover but until we see a bullish move similar to the massive drop we had last week, we should be cautious. It is likely that we are within a correction and we could be seeing highs of 49K before dropping once again. Will be looking for bull flags until we hit the 61.8 fibonacci before flipping our bias to bearish if we see a clear rejection of the 49K level.
by Altsignals