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ChainLink - Fibonacci Plays ✅ChainLink recent gave us an ascending correction which indicated to us that there's a correction coming for more upside or a reversal. In this case we saw a correction in the for of a descending ABC channel, which is currently showing rejection at the 618 fibonacci level. Trade Idea: - Watch for a break of the descending red trendline for entry - Put SL below the recent lows - Target the fibonacci levels indicated: 0 and -0.27. Once we're at the bigger wedge resistance, we'll be looking for shorts. See below: Goodluck!
by Altsignals
3
AMP - 3 Trade Ideas...AMP is approaching a level where we can either reject or breakout. If we do reject this level, the -0.27 fibonacci level would be next best place to look for buys. There's 3 ways you can trade this. 1. Breakout trade. Once price breaks the descending trendline, enter with stops below the lows 2. Short rejection trade. If price rejects the descending trendline and structure, enter shorts with stops just above the recent highs and target the -0.27 fibonacci level 3. Long term trade. If price comes back down to the -0.27 fibonacci level, enter with stops below the lows and hold your positions until all time highs. Let us know what you think. Goodluck!
by Altsignals
1
POLKADOT - Watch For This Buy Zone!Polkadot could be making one more drop before we get to our ideal buy zone of $10. We appear to be in an ABC expanding correction now and looking for one more move down which we can capitalise on for the short term. Short Term Trade Idea: SHORT - Watch for bearish price action at the 32.5 to 33 level - Watch for ascending trendline break for an extra confluence - Enter with stops above the recent highs - Targets: 22.5, 17.5, 10 Longer Term Trade Idea: LONG - Watch for price to come back to the $10 level - Once bullish price action appears, enter with stops below the lows - Targets: 32.5, 54, 69, actively manage the rest Let us know what you think. Goodluck!
by Altsignals
3
KRYLL - Beautiful Waves! 😍Kryll has been showing us some beautiful price action. We can see that since the major impulse in late October 2021, we've been in a massive correction consisting of smaller impulses and corrections. It is evident that the minor impulses down (marked in red arrows) are getting smaller and smaller, indicating that there isn't much momentum for the downside and that we may breakout to the upside very soon. Question now is whether there is another correction coming or whether its a major impulse to the upside. Trade Idea: - Watch lower timeframe trendline break (dashed trendline) - Enter with stops below the recent lows - If its another correction, take quick profits. If its an impulse, hold your trade to the highs of November 2021 and then actively manage your position. Goodluck!
by Altsignals
2
ALPHA - EASY Breakout Trade! 🚀In our last Alpha analysis, we had our first breakout trade which played out really well, amassing almost 400% raw gain! (See chart for idea) Once again we find ourselves at another descending correction and watching for a breakout. We have 2 structure levels which we are focusing on. If the current structure level fails to hold, watch the lower structure level. Trade Idea: - Watch for breakout - Enter with stops below the recent lows - Targets: 1.300, 1.500, 2.400, actively manage the rest. Goodluck!
by Altsignals
3
1INCH - Parabolic Breakout?! 💸1INCH has bounced off one of the 2 levels we mentioned before in our previous post. We can see that the parabolic curve is flattening, indicating that we may be breaking out soon. For confirmation of breakout, wait for the break of the parabolic curve. Trade Idea: (if you haven't entered on the bounce of structure already) - Watch for breakout of parabolic curve - Enter with stops below the recent lows - Targets: 3.800, 5.500, 7.500, hold the rest What do you think? Let us know below! Goodluck!
by Altsignals
1
DOGECOIN - What's Next? 👀In our last analysis we had 3 levels where we were looking for reversal. The most recent level of 0.17 failed to hold so now we look at the next level which is the 0.08 level. It's important to note that we want to be reactive whilst also being proactive. Proactive in the sense that we look for areas of interest where price may react. Reactive in the sense that we have a plan for when price does react to an area of interest. First area: 0.17 (FAILED TO HOLD) Second area: 0.8 to 0.9 (Next area of interest) It was previous a level dogecoin failed to break. This could hold some relevance if price gets back here and may act as a support for the next bounce. Third area: 0 to 0. 01 (Unlikely Scenario) Depending on how you see it, this could either be the best case scenario or the worst case scenario. Best case: if you're not holding any Dogecoin at the moment and want to get in and stock up. If bought near 0, any move up would mean exponential gains for your portfolio! Worst case: If you are holding Dogecoin and your portfolio is bleeding. However, this may just be a blessing in disguise as it can be an opportunity for you to get more Dogecoin! Trade Idea: - Watch for bullish signs at the next area of interst - Safe entry on break of long term descending trendline - stops below the most recent price rejection - Targets: 0.34, 0.70, hold the rest. Goodluck!
by Altsignals
3
RIPPLE - The Time Is Near... ⏱🚀It is almost time for us to look for buys for Ripple. In our last Ripple analysis, we were looking for one more move down back to the 0.50 to 0.55 level. See previous analysis below: Currently we appear to be in an ABC correction and nearing the end of C wave. After the completion of C wave, we are anticipating the next impulse (which is going to be a big one!) We are fast approaching that level and the weekly timeframe is indicating that there is a MASSIVE bullish move coming. See below: In Elliot wave theory, the 3rd motive (impulse) wave is always the biggest and we may see that for the next bullrun. This is one trade that should not be missed! Trade Idea: - Watch for price to come back down to the 0.50 to 0.55 level - Look for bullish price action and that level to hold - Enter with stops below that level - HODL. This could be it. Moonshot. Do you agree? Got another view? Let us know below. Goodluck!
BINANCE:XRPUSD.P
by Altsignals
BITCOIN - Time To Watch Closely!Following on from our last couple of posts where we posted short term Bitcoin shorts, we are approaching our target level of 40K. We've mentioned previously that the main areas to look for reversal were the 40k and the 30k. As we're approaching the 40K now, there are a few things that have to come together in order for us to have a confirmed reversal. We must: - Show bullish reaction (strong daily bullish candle) - Break the risk trendline (for risk entry - see below for risk entry chart) - Break the descending trendline (for confirmation of reversal) Only when we see those things happen, we can see a confirmed reversal. Please remember that if we do break the 40k level, it is likely we'll see the 30k as mentioned in our previous post. Risk trendline: Higher timeframe analysis: Let us know what you think! Goodluck.
by Altsignals
69
MANA - Don't Miss This Move! 🚀Mana had a massive bullrun late last year and since them it has been correcting. We can see that we are creating some sort of an ABC move. Ideally we'd like the completion to be at the -0.27 level where we have previous structure. Trade Idea: - Watch for price to come back down to the -0.27 fibonacci (2.00 to 2.200) - Enter when bullish price action appears - Stops below that level - Target recent highs as first target and HODL the rest Decentraland usually has massive bursts so it's likely we will see a very quick move. What do you guys think?
by Altsignals
5
KADENA - EASY SETUP 🚀Kadena is showing us a very simple and easy setup. We had an impulse and now we're in an ABC correction, which will be followed up by another major impulse. Only question is where will the C wave stop. We have 2 areas where we are looking for the end of C and the start of the impulse. First area: 8.5 to 9 Double bottom area Second area: 3.3 to 4 -0.27 fib Trade Idea: - Watch for the completion of C wave at one of the 2 areas mentioned - Enter when bullish price action appears - Put stops below the rejected price - Targets: 28 - 33 - Hold the rest Goodluck!
by Altsignals
6
FIL - Oddly Familiar... 🧐FIL is showing us a price action that looks really familiar. In 2020, we had a descending trendline (black) which broke out and then we had a minor descending correction (red) which lead to a double bottom before we had a bullish run. Similarly, we have having exactly the same sequence of events. The next step based on past price action would be a breakout and a bullrun. Trade idea: - Watch for price to break out of the descending correction (red) - enter with stops below the double bottom - Targets: 114 - 200 - HODL the rest Let us know what you think. Goodluck!
by Altsignals
8
ETHEREUM - Quick Shorts 🤫In our last ETH analysis, we had a higher timeframe overview and indicated that we are waiting for a reversal at the fib levels. Whilst we wait for price to come down to those levels. we ca capitalise on shorts back to that area. Trade Idea: - Price is currently in a parallel correction. - Wait for red ascending trendline to break and enter - Put SL above the current correction - Target the 618 and 786 fib respectively Here's our higher timeframe overview: Goodluck!
by Altsignals
6
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term. We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon. Short Term SELL Trade Idea: - Watch for bearish price action within the current bear flag - Enter with stops above the bear flag - Target the 0.50 to 0.60 region Long Term BUY Trade idea: - Watch for one more drop back down to the 0.06 level - Enter with stops below that structure level - Target the wedge resistance as first target - Target ATH as second target. - HODL the rest Let us know what you think! log chart and
by Jbridgez
2
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term. We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon. Short Term SELL Trade Idea: - Watch for bearish price action within the current bear flag - Enter with stops above the bear flag - Target the 0.50 to 0.60 region Long Term BUY Trade idea: - Watch for one more drop back down to the 0.06 level - Enter with stops below that structure level - Target the wedge resistance as first target - Target ATH as second target. - HODL the rest Let us know what you think!
by Altsignals
6