UNISWAP - Reversal Wedge!Uniswap is currently within a descending wedge and has been respecting it very well. The wedge is a descending wedge, which is often a bullish reversal wedge.
We are anticipating a breakout of the wedge soon with ATH targets.
Trade Idea:
- Watch for a breakout of the wedge
- enter with stops below the lows
- Targets: 28, 44, actively manage the rest.
Goodluck!
Altsignals
POLKADOT - VERY Important Level To Watch.In one of our earlier posts on Polkadot, we were saying that Dot will likely go down to the $10 area where we will be looking to buy - see that post here:
We are now very close to our entry zone. We have one more move down before we hit the $10 level - which some were very sceptical about!
The move down can be traded but it is only a short term trade. The big move is the buy trade from the $10 level.
Trade Idea:
- Watch for Dot to move down once more and tag the $10
- Watch for bullish price action at that level and enter
- Put stops below the price bounced from
- targets: 32.4, 54, actively manage the rest
Goodluck!
ETHEREUM - Shorts Almost Ready ✅In our last post we identified the retracement and where it may retrace to before dropping once again. We are now near one of 2 reversal zones. The ideal reversal zone is the 61.8 fibonacci where we have structure and the descending trendline.
However, if we don't get enough momentum to push us to that level, the 50 fib looks to be the other reversal area. Either way we can watch the red ascending trendline for a break and enter.
Trade Idea:
- Watch for rejection of one of the fibonacci levels
- Enter with stops above the rejected price
- For safe entry, wait for the ascending red trendline to break
- Targets: 2200, 1700, actively manage rest of the positions incase we drop lower
See below for our higher timeframe analysis.
Goodluck!
BITCOIN - Shorts Almost Ready ✅Following on from our last post where we had the higher timeframe analysis for shorts, we are now almost near our ideal reversal zone.
The 39k level appears to fall in line with the descending trendine and the structure, making it the best place for reversal.
Trade Idea:
- Watch for price to reject the descending trendline and structure
- enter with stops above the rejected price
- targets: 33k, 30k, actively manage the rest incase Bitcoin dips even more
See below for our higher timeframe analysis.
ANKR - Breakout Imminent!ANKR is setting up nicely for a breakout. We have the structure level at 0.053 where we saw price breakout in late 2019 by over 300%.
We are approaching that structure level once again where we might see a similar price action.
Trade Idea:
- Watch for price to come back down to the structure level and show bullish price action
- Enter with stops below that level
- Targets: 0.118, 0.18, actively manage the rest
Goodluck!
Alt coins, a key decisive turning pointIt looks as though a reverse head and shoulders is forming. For me the question left to ask here is where will the right shoulder bottom at? It has definitely confirmed adequate support just below current levels. It may have already bottomed on the right shoulder. It might drop lower and create more of a triple bottom. Either way that would most likely mean we are sitting in an excellent buy zone for the entire alt coin market. Whether it has bottomed today, tomorrow, or next week it really doesn't make much difference. I believe right now, you could throw a dart blindfolded and land a massive gain on just about ANY altcoin you choose right now. Which is why I chose ALT PERP as a general represantion of the current alt coin market. Happy Trading! Buy and hold, no fear here, prices will multiply shortly!
SHIB - Bouncing Off VERY Soon! 👀Shiba Inu has been on the watchlist for a very long time. Been waiting for the massive inevitable impulse that will soon make us all shibillionaires!
Only issue is that there doesn't seem to be a clear bottom. No previous structures to indicate where it may reverse from. There's the 0.88 fibonacci level which could be a reversal zone.
So, how do we approach it?
Best way to get in at the bottom is by correlating it with other cryptocurrencies such as Bitcoin. When they find their bottom, we can assume that maybe Shib and other altcoins will have found their bottom.
SHORT Trade Idea:
- Watch for rejection of the structure and fib
- Enter with stops above the rejection
- Slowly take profits as we come down
LONG Trade Idea:
- Watch for Bitcoin and other major coins to find their bottom
- Watch Shib for similar price action
- Enter with stops below the lows
- Ride the wave until there appears to be a clear loss of momentum 🏄🏼♂️
Goodluck!
KISHU - Almost Ready... 🚀All eyes on the Dog Coins! They're all near the bottom which is making it more and more enticing to buy for some quick gains.
Kishu could still move lower once more before we get to our buy zone.
BUY Trade Idea:
- Watch for Kishu to move lower one last time
- Once it reaches the structure level, watch for bullish pressure
- Enter with stops below the lows
- Hold some positions until 50% of the last bullish move. Take some more off at ATH's. Actively manage the rest
You can still trade Kishu for the short term sells. Just watch lower timeframe for a trendline break and then enter.
Goodluck!
ETHEREUM - Final Call For Shorts! ⚡️We could be seeing a final move down for Ethereum before we start buying, along with other coins.
We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area.
Trade Idea:
- Watch for price to reject the structure and fib level
- Enter with stops above that level
- Take profits off around the 1700 level
Do you agree? Let us know below. Goodluck!
BINANCE COIN - SELL ZONE. BUY ZONE.Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy.
The bigger picture is showing us an expanding flat correction and we're currently in the C wave.
SHORT Trade Idea:
- Watch for price to reject the fibonacci levels in our sell zone
- Enter with stops above the rejection
- Take profits around the 230-260 area
BUY Trade Idea:
- Watch for price to come to our buy zone
- Enter when you see bullish price action
- Stops below the lows
- Targets: 650, 880, actively manage the rest
Let us know your thoughts below!
BITCOIN - 30K Incoming!Our previous posts on Bitcoin shorts have been playing out really well and it could be that we may have another short setup on our hands.
Bitcoin is approaching the 40k level which has been a psychological level for quite some time. We broke through that and we could be retesting it and heading towards 30k (as mentioned in our higher timeframe Bitcoin posts)
Trade Idea:
- Watch for price to approach the 40K (or around that level) and show rejection
- Risk entry on rejection of the structure level
- Safe entry on the break of lower timeframe ascending trendline
- Targets: 33k, 30k
Let us know if you agree or disagree. Goodluck!
BITCOIN x ETHEREUM - FInd Crypto Bottom Using This!Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down.
We can use this to find the reversal zones for all the other cryptocurrencies.
From the chart you can see that Bitcoin and Ethereum have almost the same price behaviour. Both showing us that we're in an expanding correction and approaching a significant level which we can reverse from.
For Bitcoin - it is the 30k level we are watching.
For Ethereum - it is the 1700 level we are watching.
We can see that we have a little way to go until we reach the bottom. We can use this to see which other cryptocurrencies are near to the bottom and ready ourselves for the inevitable reversal.
See below for some of the other crypto that are near the bottom or are at the bottom.
CARDANO:
RIPPLE:
KADENA:
LITECOIN:
POLKADOT:
STELLAR:
TRON:
VECHAIN:
CHAINLINK:
Feel free to post your charts below!
ETHEREUM - Do NOT Miss This Bottom! 🔥Ethereum is showing us a very VERY similar pattern to Bitcoin. Bitcoins has a strong support level at 30k which may be the reversal zone. We're not too far off and similarly, we're not too far off from Ethereums strong support level at 1700.
Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying opportunities.
Trade Idea:
- Watch for any shorting opportunities back to the 1700 level (bear flags, break and retests)
- Watch for bullish pressure at 1700 level
- Enter with stops below the rejection
- Target ATH's as first target. -0.27 as second target.
Let us know if you have any other ideas!
RIPPLE - Bottomed Reached.Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis!
Now that we're at the bottom, what next?
We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others join or we can move a little lower.
For higher timeframe confirmation of reversal, we can wait for the descending red trendline to break. On lower timeframe, we can look for reversal patterns such as double bottom or descending wedges - which will tell us that there's a reversal coming.
See below for our educational post on reversal patterns:
Let us know what you think.
Goodluck!
SOLANA - When Will Bears Give Up?? 🧸Ever since Novembers high, Solana has been on a massive bearish wave. An indication that the bearish wave was coming was the daily divergence.
Since the bearish wave has started, we can see a number of impulses (in light blue) and corrections leading lower and lower. Question now is: how low can Solana go?
A good way to call the bottom is by looking at the other major Crypto such as Ethereum and Bitcoin. Once they find their bottom, we can assume that the crypto market will also find their bottom and recover.
We can also look for a sharp move up which will indicate that the bearish momentum has ended or will end soon.
For short term trades, we can look for any bearish corrections and get in on the break for quick profits lower.
Goodluck!
DAX - Divergence Matters ⚡️What is Divergence?
Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for countertrend trades.
How to identify Divergence?
When price is making higher highs, MACD (or RSI) will show lower highs = Divergence.
We can see that the last time we saw a big divergence was in late 2019 - early 2020s. We saw DAX lose over 40% of its value in less than a month.
We can see that we had another divergence recently and we're taking a tumble now. DAX so far have lost 5% of its value and could continue to lose a lot more.
We have a structure level which will be a key area to look for break or bounce. It is likely that we will break it due to the momentum behind the recent moves.
Trade Idea:
- Watch for bearish corrections and enter with stops above that correction
- Take quick profits on some of the positions and hold the rest incase we fall a lot more than last time
See below for our previous NASDAQ analysis which played out perfectly!
Goodluck!
SOLANA - Nice Buy Setup! 🤩After our last sell setup for Solana hit target, we were looking for buy setups. After the break of the major descending red trendline, we are looking for buy set ups.
We can see that we have created a descending correction and hit the 78.6 fibonacci. We can get in with a tight stoploss just below the fib and have major upside targets.
Trade Idea:
- Watch for break of the red descending trendline (for safe entry)
- risk entry would be bounce off 78.6 fib
- Stoploss below recent lows
- Targets: 157.6, 165, 204
Goodluck!
SOLANA - SELLS DONE, BUYS READY ✅In our last SOL analysis, we had a short setup that played out perfectly and almost at TP and the -0.27 fibonaci target. We are seeing some bullish price action now so it would be a good idea to close the shorts and look for longs now.
Trade Idea:
- Watch for bullish candlestick formation such as bullish engulfing
- Safe entry would be after the break of the descending red trendline
- Stops below the price rejection
- Targets: 205, 255, leave rest open
See previous SOL analysis below:
Let us know what you think. Goodluck!
LITECOIN - Still On Track For $100 BUYSIn our last Litecoin analysis, we identified the buy zone of $100 where we have many confluences supporting our long term buy idea.
We are looking for one more move down and it looks like we may get that as we appear to be in an ABC expanding correction. See below for the lower timeframe analysis:
Once we reach the $100. we can look for buys.
Goodluck!
ETHEREUM - Quick Scalps ⚡️Ethereum is showing us some really nice impulse and corrections and appears we are at the bottom of a correction now and ready for the next impulse.
Trade Idea:
- Enter with stops below the 50 fibonacci (risk entry)
- For confirmation, wait for the break of the red descending trendline (safe entry)
- Target the recent highs as first target and then the -0.27 fibonacci as second target
Let us know what you think. Goodluck!
CAKE - Bottoming Out! ⚡️In our last analysis, we were waiting for price to reach the $10 level. We are now there and looking for bullish price action to indicate reversal. We can see that we're in a wedge pattern and looking for a break out of the wedge for confirmation.
Trade Idea:
- Risk entry = bounce off double bottom
- Safe entry = wait for wedge breakout and then enter
- stops below the lows
- Targets: 17, 26, 44
Goodluck!
MATIC - Round 3 🤑Matic has been in a steady uptrend and we've seen a correction leading to the 61.8 fib and ascending trendline twice before. We are now seeing the same setup for a third time!
Trade idea:
- Watch for bounce off the trendline and 61.8 fibonacci
- enter with stops below the trendline
- Target the -0.27 fibonacci
See below for our last 2 Matic analysis:
STELLAR - Final Short Or Breakout?? 🚨Stellar is approaching a very interesting level where we may see a breakout or we may reject for the final time to reach our ideal buy area of 0.20.
SHORT Trade idea:
- Watch for lower timeframe trendline break
- Enter with stops above recent high
- target the 0.20
Breakout Trade Idea:
- Watch for a break of the descending black trendline
- Wait for a pullback and then enter with stops below the most recent rejection
- Targets: 0.43, 0.80
Goodluck!