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Altsignals

CARDANO - How And Where To Buy!In our last analysis of ADAUSDT, we were waiting for a break of the descending trendline which we thought to be a falling wedge at the time. We haven't broken it yet and since then we spiked down to retest the $1 mark where we have previous structure, 200EMA and the major trendline. For confirmation, we are waiting for the break of the descending trendline to signal that we have broken the downtrend. Will be watching how price reacts in the next couple of days. If we do break, watch for bull flags. We will update once we get a significant move.
by Altsignals
1
RIPPLE - How To Trade This Parallel ChannelIn our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and it dropped over 30%! Now we are approaching the support of the parallel channel where we may see a bounce. We have 3 key areas we are looking at. Descending Trendline We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher. Parallel Channel Support Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up. Double Bottom We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
BINANCE:XRPUSD.P
by Altsignals
RIPPLE - How To Trade This Parallel ChannelIn our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and it dropped over 30%! Now we are approaching the support of the parallel channel where we may see a bounce. We have 3 key areas we are looking at. Descending Trendline We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher. Parallel Channel Support Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up. Double Bottom We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
BINANCE:XRPUSD.P
by Altsignals
8
ETHEREUM - Are You Buying Or Selling?Ethereum is at a critical level where price can breakout either way. BUY We are watching the descending trendline for a break upwards to break the $2000 level. We can get in on the retest of that level. The first targets would be the $2900 level where we've seen price react previously. SELL If we break the bottom of $1700, we can go ahead with our Short set up. We will be watching for a clear break of the $1700 level and then a retest of that level to enter sells. First targets would be the $1100 level where there is previous structure.
by Altsignals
3
ETHEREUM - Are You Buying Or Selling?Ethereum is at a critical level where price can breakout either way. BUY We are watching the descending trendline for a break upwards to break the $2000 level. We can get in on the retest of that level. The first targets would be the $2900 level where we've seen price react previously. SELL If we break the bottom of $1700, we can go ahead with our Short set up. We will be watching for a clear break of the $1700 level and then a retest of that level to enter sells. First targets would be the $1100 level where there is previous structure.
by Altsignals
1
BITCOIN - Either Way, Lets Make Some Money!Recently Bitcoin has been really confusing and it has been difficult to understand whether price will go up or down. In such cases, it is important to prepare for both scenarios and so we've put together a chart explaining how to trade in either directions. BUY Scenario The price we're looking at is the $34,700 where we have previous structure. If price breaks upwards, we will be looking to get in on the retest of that structure. We'll be aiming for the previous high of $41,000 SELL Scenario If price rejects the $34,700 level and fails to break it, we can assume that there isn't many buyers to push Bitcoin up again in the short term. We will wait for a clean break of the 30K level and then get in on the retest as indicated in the diagram on the chart above.
by Altsignals
BITCOIN - Either Way, Lets Make Some Money!Recently Bitcoin has been really confusing and it has been difficult to understand whether price will go up or down. In such cases, it is important to prepare for both scenarios and so we've put together a chart explaining how to trade in either directions. BUY Scenario The price we're looking at is the $34,700 where we have previous structure. If price breaks upwards, we will be looking to get in on the retest of that structure. We'll be aiming for the previous high of $41,000 SELL Scenario If price rejects the $34,700 level and fails to break it, we can assume that there isn't many buyers to push Bitcoin up again in the short term. We will wait for a clean break of the 30K level and then get in on the retest as indicated in the diagram on the chart above.
by Altsignals
2
DOGE - STILL WAITING FOR BREAKDogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level. We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
by Altsignals
1
DOGE - STILL WAITING FOR BREAKDogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level. We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
by Altsignals
2
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area. We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge. Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
by Altsignals
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area. We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge. Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
by Altsignals