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!
Altsignals
AVAX - Bulls Stepping In! 🔥In our last AVAX analysis, we mentioned that we would see one more push down for the C wave completion.
We've reached out target area for buys now and already seeing nice bullish pressure.
Trade Idea:
- enter with stops below price rejection
- Targets: 125, 145, actively manage the rest
Please bare in mind that price may come down to retest the 50fib again before moving up.
Goodluck!
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!
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!
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.
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?
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!
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!
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!
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
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!
TRON - Parabolic Breakout?Tron appears to be respecting a parabolic curve and we are approaching 2 significant areas of interest, as shown in the chart.
Trade idea:
- Watch for a strong breakout above the parabolic curve
- enter with stops below the most recent price rejection
- target recent highs as first target and continue holding until there's strong price rejection
Goodluck
STELLAR - Bearish Pennant Shorts!Our last analysis was a higher timeframe analysis of Stellar and we found that we were in an ABC correction with 2 possible areas of interest, with one being unlikely. See below:
Currently we appear to be in a bearish pennant for one last move down.
Trade Idea:
- Watch for strong bearish candles on lower timeframe or a correction
- Enter on break of correction with stops above the pennant
- Target the 0.20 where we will be looking for a reversal
Goodluck!
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!
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!
Bitcoin Cash - SHORTS Target Hit. What's Next? 🚀Following on from our last analysis on Bitcoin Cash, we reached TP and now we are expecting a reversal very soon. We are approaching a very strong level where we have multiple confluences to buy.
Trade Idea:
- Watch for strong bullish price action at the $380 level
- Enter with stops below price rejection
- Target 800 as first targets and HODL the rest!
What do you guys think?
Goodluck!
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:
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!
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!
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!
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!