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Altsignals

THETA - Breakout Pending...As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal. We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise to wait for a bullish candles breaking both the consolidation period we're in and the descending trendline. We could be at the start of the next big break!
by Altsignals
1
THETA - Breakout Pending...As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal. We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise to wait for a bullish candles breaking both the consolidation period we're in and the descending trendline. We could be at the start of the next big break!
by Altsignals
ChainLink - Key Levels To WatchWe were bullish on Chainlink for a little while. We were looking at the 15 level for bullish price action. Price went a little lower than we expected and went to 14.00 level which was previously the impulse generation point - where the major impulse of 2021 started. We are now making our way back up and we have 2 key structure levels which we are looking at. First Structure level is the 26 level. If we reject that price, we could see ChainLink come back down to test the lows. If we pass that level, we can look for a retest and gain an entry to this to atleast the 34 level where we have our second structure level. A break of the ascending trendline would mean that there isn't enough bullish pressure to take ChainLink higher and we can look for shorting opportunities back to the bottom.
by Altsignals
6
ChainLink - Key Levels To WatchWe were bullish on Chainlink for a little while. We were looking at the 15 level for bullish price action. Price went a little lower than we expected and went to 14.00 level which was previously the impulse generation point - where the major impulse of 2021 started. We are now making our way back up and we have 2 key structure levels which we are looking at. First Structure level is the 26 level. If we reject that price, we could see ChainLink come back down to test the lows. If we pass that level, we can look for a retest and gain an entry to this to atleast the 34 level where we have our second structure level. A break of the ascending trendline would mean that there isn't enough bullish pressure to take ChainLink higher and we can look for shorting opportunities back to the bottom.
by Altsignals
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction. Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom. SHORT IDEA: Wait for ascending correction to break and enter with stops above 0.302. Targeting: 0.2 LONG IDEA: Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
by Altsignals
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction. Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom. SHORT IDEA: Wait for ascending correction to break and enter with stops above 0.302. Targeting: 0.2 LONG IDEA: Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
by Altsignals
Ripple - Creeping Up...XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities. Its worth bearing in mind that if we break the ascending trendline, we could see XRP fall back down to the double bottom region. Right now we can monitor the lower timeframe chart for bull flags to take this higher. We have clear invalidation level which will negate our bullish outlook - break fo the ascending trendline.
BINANCE:XRPUSD.P
by Altsignals
Ripple - Creeping Up...XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities. Its worth bearing in mind that if we break the ascending trendline, we could see XRP fall back down to the double bottom region. Right now we can monitor the lower timeframe chart for bull flags to take this higher. We have clear invalidation level which will negate our bullish outlook - break fo the ascending trendline.
BINANCE:XRPUSD.P
by Altsignals