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Altsignals

BITCOIN - One Last Short!In our previous Bitcoin analysis, we identified 2 areas that Bitcoin could potentially bounce from; 40k and 30k. We could be making one last move down before we reach one of those 2 areas. Price created a 3-3-5 bearish correction and made its way lower. We are now seeing a minor ABC correction and watching for that to break down. We have the 38.2 fibonacci and descending trendline which could be the rejection area for Bitcoin. Trade Idea: - Watch for the completion of the C wave and the next impulse down - Enter on break of correction with stops above the recent highs - Target 42500 - 40000 - maybe 30000 if there's enough bearish momentum. Goodluck!
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SRM - CLEAR BUYS! 🔥🔥The weekly chart of SRM is showing us clear signs of a reversal coming very soon. We can see that we had a massive impulse until end of May and since then, we've been in a massive expanding ABC correction. We are now approaching the 0.88 fibonacci which is also the completion of the C wave of our expanded correction. Trade Idea: - Watch for price to come to the 2.50 level and watch for bullish price action - when price bounces off, enter with stops below the 0.88 fibonacci - Target ATH as first targets and then the $17 region This could be a really quick massive move!
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ChainLink - Final Shorts! 💸Our last analysis on ChainLink was a higher timeframe analysis where we indicated the reversal point. We appear to be in a really clean bearish correction and anticipating one last short to the 88 fib and structure before starting the monster bullrun. See weekly chart below: Trade idea: - Watch for a break of the red trendline - enter with stops above the correction - Target the structure level which is also the 88 fibonacci See our last ChainLink analysis below:
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BINANCE COIN - Look Familiar?? 👀Binance Coin is within a really clear descending wedge, with the completion of the wedge falling in line with the 61.8 fib and the ascending trendline. We saw almost an identical price action before in September 2021. SHORT Term Trade Idea: SHORT (See chart update for lower timeframe setup) - Watch for breakdown of bear flag and enter - SL above the recent correction - Target the 61.8 fibonacci LONG Term Trade Idea: LONG - Watch for bounce off the ascending trendline and fibonacci - Enter with SL below the trendline - Target recent highs as first target and HODL the rest Goodluck!
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ChainLink - Approaching Entry!LINK is fast approaching our entry area. In our last analysis, we had 2 areas of interest but since then, we've had new price action tell us that the best area for reversal is the $14 area, where we also have the 88 fibonacci and structure. Trade Idea: - Watch for bullish price action at $14 area - When entered, keep SL below the price that level - Target the recent highs as first target and HODL the rest as we may see the next big bull run Be sure to set alerts on your chart so you don't miss this!
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ICP - Reversal Wedge!Some more price action has appeared which has given us more of an indication as to what may happen next. We are seeing a descending wedge, which is often a reversal pattern. Looking for ICP to make one more move down before we load up for buys! Short Term Trade Idea (SHORT): - Watch for a break of the ascending trendline on lower timeframe - Enter with stops above the recent correction highs - Target the 10-12 area Swing Trade Idea (LONG): - Watch for strong bullish pressure at the -0.618 level (10-12) - Enter with stops below that level - Safe entry after the break of the descending wedge - Target the recent highs as first target and hold the rest! Let us know what you think. Goodluck!
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AVAX - Important BUY ZoneOur last 3 Avax analysis were spot on. In our last AVAX analysis, we were bullish from the $80 level. Price went on to move up 85% before creating a correction. We are now seeing an ABC correction with the completion of C approaching. Trade Idea: - Watch for bullish price action around the 75-80 level (we have the 50 fibonacci and structure supporting the bounce) - Once bullish price action appears, enter with stops below that level - Target the recent highs as first target, leave the rest running Goodluck!
by Altsignals
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BITCOIN - BUY AND HOLD TO $100K! 💸Its becoming more and more evident that Bitcoin could drop a little more lower before we have our bullrun. We recently saw a very complex bearish correction (3-3-5) which made Bitcoin move lower. We are now approaching 2 very strong areas of interest. We have the 40K level and the 30K level. When price moves towards one of those areas, watch for bullish price action and enter with stops below that level. Could be the start of the bullrun that takes Bitcoin to 100k+ Let us know your thoughts below! Goodluck.
by Altsignals
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CARDANO - Second Chance? ⭐️In our last Cardano analysis, we were waiting for a breakout which we got. Price moved up 30%! If you didn't manage to catch that trade, that's okay. We may get a second chance! Price is still within the descending channel (reversal pattern). We could potentially be making a 5 wave corrective price action back to the $1 level where we have our perfect Buy level. If price doesn't reject the descending channel and 50 fib, hold your longs as it means that we've broken out already. Trade Idea: - keep an eye on the descending channel and 50 fib for rejection - IF we do reject, watch for price to come back down to the $1 level - Watch for bullish price action at $1 and enter with stops below that level - Target the recent highs as first target and then hold the rest and actively manage the position What do you guys think?
by Altsignals
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SOLANA - Moonshot? 🚀Solana is at a very interesting level at the moment. We could be seeing a breakout very soon BUT there are reasons to consider shorting Solana once more before going long. Confluences for SHORT: - the 50 fibonacci - Descending channel resistance - the -0.27 fibonacci lines up with the previous lows where we're looking to take buys How would we approach this? If we see a breakdown, we can enter shorts with SL above the recent highs. If we continue seeing a bullish breakout, we can enter on the first bullflag we see and hold on to dear life cos its very likely we'll be shooting for the moon! Let us know what you think in the comments! Goodluck.
by Altsignals
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GOLD - Biggest Trade Ever!GOLD is setting up for what could be the biggest trade of 2022. We can see that we've had a major impulse starting from late 2018 through to mid 2020. After which we were and still in a correction but that looks to be coming to an end soon. We have multiple confluences indicating that we may see strength soon at the 1680 level. These are: - Ascending trendline - the 61.8 fibonacci - Structure At this very moment we seem to be in a bear flag on the lower timeframe. We can take advantage of this shorting opportunity before we arrive at our ideal level to buy Gold! Short Term Trade Idea (SHORT): - On lower timeframe, look for bear flags - Enter on break of correction with stops above the correction - Target the 1680 level Long Term Trade Idea (LONG) - Watch for price to come to the 1680 level - Watch for bullish price action - Enter with stops below the anticipated bounce - Targets: 2070 - 2240 Let us know what you think in the comments! Goodluck!
OANDA:XAUUSD
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POLYLASTIC - Bottoming Out! Polylastic looks like a really good buy as we're near the absolute lows. We have a parabolic curve which is flattening indicating that there may be a breakout very soon. Ideally we'd want to see one more drop before we move higher. Trade idea: - watch for a strong break out and enter with stops below the lows - If we move down once more, watch for bullish price action at the double bottom region. - Enter with stops below the double bottom - Targets: 0.24 - 0.44 - 0.8 Goodluck!
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by Altsignals
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MATIC - Watch This Correction 🤓In our last Matic analysis, we had a level that we were watching for a reversal, which was the -0.27 fibonacci. Price hit that level perfectly and struggled to move past that and swiftly came back down. We now have another fibonacci in place to mark out where the correction may end and where the impulse will begin. The ideal place for entry looks to be 61.8 fibonacci where we also have the channel support. Look for shorts back to the channel support and then wait for bullish price action before jumping in for the next impulse! See linked chart for our previous Matic analysis.
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by Altsignals
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FLM - QUADRUPLE BOTTOM! 👀FLM has been showing us a series of double bottoms and double tops. We are currently at the bigger double bottom and we could see a breakout very soon. Ideally we'd want to see one last drop to complete the lower timeframe double bottom before moving higher. However if we don't, we can just get in with stops below the double bottom. Trade idea: - Watch for a breakout and enter with stops below the double bottom - If we make one more drop down, watch for bullish price action ad the double bottom area and then enter with stops below the lows - Targets: 0.78 - 1 - actively manage the rest What do you guys think?
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AKRO - At The Very Lows! Easy Buy 🚀Akro has been on such a decline that it has come back to near enough 0. We are still anticipating one more drop down to one of those 2 levels indicated on the chart. Buying this at this level would be a great investment IF AKRO does pump up once more. Any small move up would be exponential gains! Trade Idea: - Watch for one more drop - Look for bullish price action at one of those 2 levels indicated on the chart - enter with stops below that level - Targets: 0.045 - 0.056 - 0.08 What do you guys think?
by Altsignals
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GRT - Double Bottoming! GRT is currently in a descending correction leading back to our previous bottom. In July we thought we were in an impulsive phase of the market where we were going to see the next big bullrun. However, instead we made an ABC correction for another move down. The best place to look for buys would be the double bottom area between 4-5. Trade Idea: - Watch for price to make one more move down - Look for bullish price action at the 4-5 level - Enter with stops below the lows - Targets: 1.200 - 1.700 - ATH Do you agree with this idea? Let us know below!
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SOLANA - BUY HERE 💰SOL is approaching a really high probability area where we may get a reversal to the upside. We had a massive impulse in August and since then, we've been stuck in an ABC correction. We are now approaching the completion of this correction and anticipating the next impulse. Trade Idea: - Watch for bullish price action at the completion of wave C (around 120-130) - Enter with stops below that level - Target recent highs as first target. 300 as second target and hold the rest and actively manage it What do you guys think? Let us know below. Goodluck!
by Altsignals
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ETHEREUM - To The Moon! 🚀Ethereum is one of the only coins that held most of its value through the bear crash we had recently. We could be on our way to creating new highs and reaching the moon! We have 2 fib levels which we are looking at for a bounce. We are likely to make one more move down - which could be traded for the short term. The big trade would be the buys. Trade Idea: - Watch both the 61.8 fib and 78.6 fibonacci for bullish price action - Once there's bullish price action, enter with stops below that level - Target all time highs as first target and then actively manage the rest What do you think of this idea? Let us know your thoughts below!
by Altsignals
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