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Altsignals

1INCH - Breakout Soon!Similarly to every other crypto pair, 1INCH recently underwent a massive drop and cancelled out all the gains it made this year. We could be setting up for another surge very soon if we break the 100EMA and the previous structure indicated in the chart. The price to watch is the $3.80 level which is our structure point. The other level we are watching is the recent bottom at $1.77. If we move correctively back down to that level, it could act as a spring to take us back up to all time highs!
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ALPHA - Perfect Waves - ALPHAUSDTThe price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections. We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now. For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
by Altsignals
2
ALPHA - Perfect Waves - ALPHAUSDT The price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections. We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now. For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
by Altsignals
2
CARDANO - Bulls Making A Comeback - ADAUSDTIn our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this. A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs! We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
by Altsignals
1
CARDANO - Bulls Making A Comeback - ADAUSDTIn our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this. A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs! We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
by Altsignals
2
ETHEREUM - Deeper Correction For A Bigger MoveThe general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction. There are a few places where we can look for price reversal. First area is the $2650 where we have previous structure. Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time. For confirmation that the correction has ended, watch the descending trendline for a breakout.
by Altsignals
19
ETHEREUM - Deeper Correction For A Bigger MoveThe general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction. There are a few places where we can look for price reversal. First area is the $2650 where we have previous structure. Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time. For confirmation that the correction has ended, watch the descending trendline for a breakout.
by Altsignals
SRMUSDT - Sellers Domain - Reversal Soon??In technical analysis, when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend. From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom. A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
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by Altsignals
SRMUSDT - Sellers Domain - Reversal Soon??In technical analysis, when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend. From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom. A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
S
by Altsignals
Cardano - Approaching Key Level - ADAUSDTIn our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish. We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down. We are now approaching another key level where we have multiple confluences: - Major trendline - 200EMA - Previous structure On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
by Altsignals