SOL - Key Levels To Watch 🔎SOLUSDT has been one of the best performers in the recent bullrun with gains of over 200% since late July.
We are seeing a correction now which gives us a chance to get in on the next big move up.
The ideal place evidently looks to be the $58 level where we have trendline and structure convergence. If we get buying pressure around that area, we could get another big move!
If we break below, we can watch the lower structure levels for buying pressure.
Altsignals
DOT - 50% Raw Gain ✅ Whats Next??The last time we posted the Dot analysis, we were looking to buy around the $19 level with targets being the major structure. Price retested our level perfectly and also hit our targets nicely!
We are now back to the trendline where there's a decision ahead. We either push up and break the major structure and then carry on higher or we break the trendline and go back to one of the structure levels.
Bullish Set up:
Wait for the major structure to break and get in on the retest
Bearish Set up:
Wait for ascending trendline to break and watch for bear flags to enter.
DOT - 50% Raw Gain ✅ Whats Next??The last time we posted the Dot analysis, we were looking to buy around the $19 level with targets being the major structure. Price retested our level perfectly and also hit our targets nicely!
We are now back to the trendline where there's a decision ahead. We either push up and break the major structure and then carry on higher or we break the trendline and go back to one of the structure levels.
Bullish Set up:
Wait for the major structure to break and get in on the retest
Bearish Set up:
Wait for ascending trendline to break and watch for bear flags to enter.
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
ETHEREUM - Are We Bearish? 🩸In our last Ethereum analysis, we identified the ascending correction (red trendlines). Price broke down out of that ascending correction and broke the major ascending trendline (black). We are now possibly seeing a retest of the ascending trendline and a double top, indicating further weakness. We could potentially go back down to test one of the structures where we can look for buys.
Brief retracement - $2900 level
Deeper retracement - $2400 level
ETHEREUM - Are We Bearish? 🩸In our last Ethereum analysis, we identified the ascending correction (red trendlines). Price broke down out of that ascending correction and broke the major ascending trendline (black). We are now possibly seeing a retest of the ascending trendline and a double top, indicating further weakness. We could potentially go back down to test one of the structures where we can look for buys.
Brief retracement - $2900 level
Deeper retracement - $2400 level
CARDANO - All Time Highs Target Smashed! What's Next? 💪🏼Cardano has been one of the most impressive cryptocurrencies this recent bull run. We posted a perfect set up when price was at around the 1.26 level. Price moved up over 100%!
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
CARDANO - All Time Highs Target Smashed! What's Next? 💪🏼Cardano has been one of the most impressive cryptocurrencies this recent bull run. We posted a perfect set up when price was at around the 1.26 level. Price moved up over 100%!
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
BITCOIN - Best Place To Buy and HODL! 🚀Bitcoin has been making really clear patterns on the daily timeframe which can help us understand where price may be going next.
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!
BITCOIN - Best Place To Buy and HODL! 🚀Bitcoin has been making really clear patterns on the daily timeframe which can help us understand where price may be going next.
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!
ICP - BREAKOUT ✅After the double bottom reversal, we are looking for any opportunity to buy ICP. We can see that we recently broke out of a descending wedge.
Watch for bullish pressure on the retest of the wedge.
If we don't turn bullish from here, watch for a bounce off the $54 structure. We will remain bullish until we break the ascending trendline.
ICP - BREAKOUT ✅After the double bottom reversal, we are looking for any opportunity to buy ICP. We can see that we recently broke out of a descending wedge.
Watch for bullish pressure on the retest of the wedge.
If we don't turn bullish from here, watch for a bounce off the $54 structure. We will remain bullish until we break the ascending trendline.
SXP - Retest Bounce! 🏀SXP was in an ascending correction and broke down nicely. We are approaching a very high probability area where we can look to buy $2.70.
We have the ascending trendline, structure and fibonacci support at that price. Watch for a bounce and then enter with stops below the trendline and structure. Targeting the -27 fibonacci.
SXP - Retest Bounce! 🏀SXP was in an ascending correction and broke down nicely. We are approaching a very high probability area where we can look to buy $2.70.
We have the ascending trendline, structure and fibonacci support at that price. Watch for a bounce and then enter with stops below the trendline and structure. Targeting the -27 fibonacci.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
CAKE - What's Next? 🧐Cake has been on a bullrun since we saw the triple bottom in late July. We have been steadily climbing but we have now gone away from the ascending trendline in the form of an ascending correction = reversal pattern.
If this ascending correction breaks down completely, we might see a deeper correction heading back down to the $16 where we have previous structure. If its a small retracement, look for a bounce off the ascending trendline.
SHIB - Do Not Miss This Next BIG Move! 🚀🔥SHIB, aka Dogecoins little brother, has been making really nice waves. The basic elliot wave theory is that an impulse wave has 5 waves and we can clearly see that we are in the 4th wave, corrective wave, and we are making an ABC correction. We are anticipating the 5th and final wave before we see a bigger retracement.
Watch for price to react to the recent bottom and enter with stops below the correction.
Do not miss this trade!