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ETHEREUM - New All Time Highs!In our last ETH analysis we were looking for a rejection from the structure level at 4530 as we were expecting one more move down before the next bull run. Price rejected perfectly and came down to retest the 38.2 fibonacci and a structure level (as indicated in the chart) Trade Idea: - Risk entry now and stops below the 38.2 - Targetting the ATH as first targets and -0.27 as second and HODL the rest As Ethereum and Bitcoin are already moving, we can assume that other Altcoins will be making their move soon too!
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BITCOIN - The Next BULL RUN!In our last Bitcoin analysis we were looking for Bitcoin to come back to the structure and 50 fibonacci. Price tapped the 50 fibonacci perfectly and bounced up. We could be on the verge of a breakout and the next big impulse. Trade Idea: - Watch for a break of the correction and enter with stops below the 50 fibonacci - If we come back down to the 50 fibonacci, enter with stops below the ascending trendline - Target the ATH's as first target and then HODL the rest Big moves coming, don't miss it!
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CAKE - Watch For This Reversal!CAKE is showing us some really clear price action and we are approaching a significant level where we are expecting a reversal. We've seen that we previously had a triple bottom from the structure level indicating that It holds a lot of weight. Trade Idea: - Watch for price to come back to the structure level ($10 level) - Once price shows bullish pressure, enter with stops below the structure level - Targets: 17 - 26 - 44 We may get an early breakout and if we do, enter with stops below the recent lows.
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VET - Key Reversal Zones 🚨VET is approaching 2 key reversal zones which should be paid close attention to. VET has been making higher highs and higher lows indicated that we are in an uptrend. Naturally we'd want to see another higher low to indicate that we are still in a bullish trend. The first area is the parallel channel support. We already tested the 61.8 fib but we can hover here and spike down a little more before moving up. The other important area is the 78.6 fibonacci where we have structure. Watch for a clear bounce off one of these two levels and enter with stops below the rejected area. Target the recent highs as first target and then HODL the rest.
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MKR - Bullish Takeover 🔥From our last analysis on MKR, we had a really nice breakout and then created a bullish correction for a move higher. The play here it to wait for the next bullish correction which will likely come back to the ascending trendline and then entry with stops below the trendline. However, if you want to enter now, you can look for lower timeframe pullback and then enter with stops below 61.8 fibonacci. There's enough room for MKR to move up and we're targeting atleast 6000.
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OGN - Trade Within This Channel 💥OGN has been within a parallel channel and seems to be respecting it well. We now have 2 main areas where we can look for buys. Naturally the best place to enter buys would be at the channel support as there would be a clear invalidation level. The other place to look for buys would be the recent structure base that was formed. Trade Idea: - Watch for a bounce off from either of these 2 areas - Enter with stops below the rejected price - target the parallel channel resistance as targets
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XMAS MOON? BITCOIN - ETHEREUM - RIPPLE 🎄🚀There's something big coming... Bitcoin , Ethereum & Litecoin all appear to be in the corrective phases with Bitcoin leading the way. We can see that Bitcoin is approaching a strong area for the next impulse. Similarly, we can identify key reversal zones for Ethereum and Ripple. If we compare all 3 charts, we can see that theres an ascending trendline supported by fibonacci, which looks to be the key area to look at for buys. The move down is almost complete with limited space to move down, so the best thing to do is get ourselves ready for the big move up which will be coming very soon! Crypto can be moved 100's of % with just one tweet as we have seen recently. Being reactive is key to longevity in the trading business. We will stay adaptable and be reactive to whatever price action the market gives us! Have a look at the ideas linked to this post for the individual analysis for Bitcoin, Ethereum and Ripple. Bitcoin: Ethereum: Ripple: Do you agree? Let us know your thoughts! Goodluck!
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XRP - In A Massive Bull Flag! XRP is currently within a massive ABC bull flag. We can see that we can from an impulse and we are creating a big correction and approaching 2 areas of significant interest. First Area: - Double bottom (structure) - 61.8 fibonacci Second Area: - Parallel channel support Both of these areas are key areas to look for reversal and a bounce off. Trade Idea: - Watch for price to come down to one of those 2 areas - Watch for a bounce off - enter with stoploss below the rejected price - target parallel channel resistance as first target - Recent highs as second target - -0.27 as third target - HODL the rest We could potentially get a 50% gain as only first target! What do you guys think of this? Leave your comments below. Goodluck!
BINANCE:XRPUSD.P
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FILECOIN - Buy Stop HACK 🤫A stop order is an order to buy or sell an asset once the price of the asset reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. Filecoin makes massive impulses and it appears we could be on the verge of a massive one soon. The descending trendline has been respected 3 times and its a good indicator as to when the market will shift from a bear market to a bull market. For this trade we can utilise the buy stop order and get in as soon as the market makes its big move up. The good thing about using this is that if price continues to go down, our order will not be filled and we wont be at risk. Trade Idea: - Put a buy stop order above the descending trendline (not too close incase price spikes above and comes back down) - manually input SL below the recent lows - target the significant price points indicated on the chart If we do get a massive spike, you can be in and out of this trade within a few days and bank over 100% easily! Goodluck!
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BITCOIN - New All Time Highs Soon 🚀Bitcoin is setting up for the next massive impulse. We can see that we've had a number of impulses and corrections and now we're setting up for another impulse. The correction we're in is a slightly more complex correction made up over 3-3-5. We're currently in the latter stages of the correction, the 5 waves. Expecting one more drop to the 50 fibonacci, which is also supported by structure and the major ascending trendline. Trade idea: - Watch for price to drop once more to the 50 fibonacci - When we get a bounce, enter with stops below the rejected price - Target the ATH's as first target and then -0.27 fib as second target and HODL the rest You can take advantage of the short term move down but manage your risk. Let us know your thoughts! Goodluck!
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ETHEREUM - Watch This Correction 🔥In our last couple of Ethereum posts, we mentioned how we were expecting a correction before the next big impulse. We're currently in an ABC correction and seeing the B wave now. What we can do is catch the C wave down back to the major trendline where we can look for the next impulse up. Short Term Trade Idea: - Watch for rejection of the structure level to indicate the start of C wave - Enter with stops above the rejected price - Target the bigger 50 fib and major trendline Longer Term Trade Idea: - Wait for price to come finish the ABC correction and come back to the ascending trendline - Watch for a bounce off of the 50 fib and ascending trendline - Enter with stops below the price where price bounces off - HODL Do you agree? Leave your comments below!
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SOLANA - How To Trade Within StructuresSolana has recently broken the ascending channel and we can may now be on a bearish leg. We have 3 major structure levels where we can watch for price action to tell us what is next; either a bounce off structure or a break and retest of structure. There are 2 ways in which we can trade these structure levels. Break & Retest For a break and retest trade, watch for price to break a structure level and then retest it. Enter with stops above the structure level and take profit next structure level. Rejection/Bounce For a structure rejection trade, wait for the bounce and then enter with stops below the structure. Target the next structure level.
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CARDANO - Going Intergalactic! 🚀🔥Cardano has been one to watch recently with really high volatility. We can see that ADA has been making a series of impulses and corrections and we appear to be in a correction now. We are within a falling wedge and we recently tested the 61.8 fibonacci and rejected it, which also falls in line with the parallel channel support. We could just consolidate here for a little while and even go beyond the channel before we get a move. They key area to watch is the descending red trendline for a breakout as that would confirm the correction has ended. Trade Idea: - Watch for a breakout of the falling wedge - Enter with stops below the recent swing low - Target the recent highs as first TP and the -0.27 as second TP. What do you guys think? Leave your comments below!
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Ethereum - Impulse · Correction · Impulse 🔥In our last Eth analysis we explained how there will be another correction appearing soon, which we got now. There are 2 main phases which can be clearly seen, Impulse and Correction. Our job as traders is to identify the corrections so we can catch the big impulse moves. However, we can also trade the correction whilst we get ourselves ready for the impulse. We had an ascending trendline (red) in place to indicate when the impulse is over and when the correction begins. Price broke the ascending trendline impulsively, indicating that the impulse has ended and we are now seeing the correction. Trade Idea: - Watch for price to pullback to the structure level indicated - Enter shorts when there's a rejection with stops above the rejection - Target the ascending trendline where we have multiple confluences for the next impulse move See the linked chart for our previous Ethereum analysis. Leave your comments below and let us know what you think.
Editors' picks
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FANTOM - Multiple Confluences Fantom is approaching a high value area where we can look for longs. We have the following confluences supporting our idea for BUYS. - Major trendline - Daily EMA which price is respecting - Structure which price has respected numerous times - 38.2 fibonacci Trade Idea: - Watch for price to reject the 2.48 level - Enter with stops below the trendline - Target recent highs for take profit If we do break the trendline and Daily EMA, we can switch our bias to short and we'll upload a short set up.
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