Bitcoin Cash - Higher Timeframe Overview Bitcoin Cash has been showing clear price action indicating what's next.
We recently had a massive move down after a double top and now we are in an ascending correction. We retested the 78.6 fibonacci and rejected it.
We could trade within the ascending channel back to the highs. If we do break the ascending channel, we could make our ways back to the 400 level.
Altsignals
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.
MANA - Don't Miss This Breakout!In our last Mana analysis, we were looking at the higher timeframe and identified that price could retest the base channel and fibonacci before moving up.
We had a nice move down and retested the channel perfectly and moved up 70%! We could be in a flat correction with a double bottom forming soon on the base channel.
Trade Idea:
Watch for another retest of the base channel and enter with stops inside the channel.
If we break the red trendline early, enter with stops below the recent lows.
First target will be the recent high and second target will be $6.
BITCOIN - Watch For This Breakout! There's been some uncertainty around crypto as of late with coins breaking all-time higher yet again and some speculation about the crypto bubble bursting. The best thing to do in these circumstances is play what we see.
So what can we see?
1. We are in an ascending channel
2. We came from a major impulse (from 40k to 67K)
3. We could be in a flat ABC correction
Trade Idea:
Watch for the C wave of the correction to finish between 56k and 58k. Wait for a bounce and then enter with stops below the ABC correction.
Targets: -0.27 fibonacci as first targets
SOL - Catch The Bounce!Solana is at a very interesting level. We have 3 confluences supporting the long idea:
1. Structure
2. Fibonacci
3. Ascending channel support.
For confirmation, watch for the red descending trendline to break. For a risk entry, watch for a bounce off the structure and enter with stops below the channel.
Targeting the -0.27 fibonacci which lines up with the channel resistance.
EOSUSDT Technical Analysis
⏳ Spot
💎 EOSUSDT is moving in the ascending channel, it has got rejected fro m the bottom of the channel and potentially it will go up to the upper band of the channel. After the breakout we can expect more bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or from 4.633 to 4.953
☕️ TP1 5.222
🍺 TP2 5.660
🍻 TP3 6.305
🍾 TP4 7.000
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 4.633 to 4.117
Good Luck 🎲
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ANKR - Breakout Pending...Ankr is currently within a pennant formation and price is being squeezed towards an apex. Due to the recent volatility and spikes, it is unclear whether it is a bullish pennant or bearish pennant.
The best way to enter this trade is wait for price to break the pennant formation and then enter on a retest or a flag pattern.
See below for Daily timeframe:
Which Dog Are You Betting On? 🐶 🐶Who would have thought that we'd have a battle between Dog coins?
Here we have 2 of the most hyped coins as of late; Kishu Inu and Shiba Inu.
Both spiked up a ridiculous amount at the same time and are showing almost identical price action.
It has been rumoured that an anonymous crypto whale has recently purchased 20trillion Shiba Inu Tokens worth $1.13billion! This could potentially drive Shib to the moon, leaving Kishu in its dust.
Trade idea:
Wait for a strong bullish breakout before jumping in. Price can just consolidate for a while before we get a real move so be wary.
Which dog are you betting on? Leave your comments below!
FANTOM - Buy The Bounce! Fantom has been breaking higher and higher for a long time now. We can see that there have been multiple times where we broke structure and retested it.
We are approaching a recent structure level now where we may get a bounce. Keep an eye out for a bullish bounce and enter with stops below the bounce.
If we do not get a structure bounce, watch for price to bounce off the ascending trendline.
SFP - Is the Hype Over?After the massive pump early last month, there has been very little action.
From the volume indicator we can see that since the spike in October, the volume has decreased substantially.
This could mean one of two things.
The hype is over:
Could mean that this was just a pump and dump and this coin is pretty much finished.
Something BIG is coming:
Some of the time when there's very little volume, its because the market is setting up for something spectacular, similarly to what we saw in October. There was very little volume before the spike.
We have to structures on the chart and will be looking for a breakout either way.
AVAX - Take Profit Hit! Whats Next?In our last AVAX analysis, we were waiting for a breakout to enter with targets of 92 (-0.27 fiboonacci target).
The 80 structure level is approaching and that would be the ideal place to enter for a continuation trade.
Trade Idea:
Watch for price to correct back to the structure level at 80
Enter on bounce of structure level
SL below the structure
TP: 106
Please use appropriate risk management as this move is overextended so there might be a deeper pullback.
FTX Token - ATH? 🤔FTX token recently made all time highs but the quickly dropped back down.
It broke the major trendline, which tells us that the uptrend is growing weaker. We are now struggling to move up back to ATH's.
Will be keeping a close eye on this and if we correct all the way to ATH, could be the making of a great short!
However, if we see any bullish corrections now, we can get in with stops below the red trendline.
VET - Important Breakthrough!Vet recently broke through an important level where price struggled to get past twice before.
The 1.60 level has proven to be an important price to watch. Now that we have broken through, we can look for long opportunities on the retest of the structure, and ideally a touch off the ascending trendline.
Look for lower time patterns for confirmation!
MANA - Weekly OutlookMana had an explosive week last week with price moving around 600% in a single week!
We are now waiting for the next buying opportunity. We have 2 areas which look to be the best areas to look for possible long entries.
First area:
Channel retest + 61.8 Fibonacci
The price to look at is the 2.30 to 2.40 level.
Second area:
Structure & 78.6 Fibonacci
The 1.60 level holds a lot of value as price was stuck there for almost a month. We could potentially retest that level and then make move higher.
For both areas, drop down to lower timeframe and look for reversal patterns or breaks of structure.
The Big 3 - To The Moon 🚀There's something big coming...
Bitcoin, Ethereum & Litecoin all appear to be entering the corrective phases soon with Bitcoin edging ahead, as it has already started its corrective phase. As we all know, after a corrective period the next phase is an impulse!
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 can be traded but with all the hype around crypto, it would be risky. Tradeable... but risky.
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. Even though we are seeing this price action now, does not mean price will do exactly as we anticipated.
We will stay adaptable and be reactive to whatever price action the market gives us!
Crypto To The Moon!
LITECOIN - Enter Here 🎯Once we zoom out to the Daily timeframe, we can see that we are in a pennant formation. If we do come down from here, the best place to enter would be one of the fib levels (and ascending trendline).
Trade idea:
Watch for a daily close below the ascending red trendline to confirm bears.
Short until the ascending trendline.
Once at the ascending trendline, look for buys!
ETHEREUM - Going Sky High Soon! 🚀Ethereum has been one to watch recently as it been making really clear impulses and corrections.
We recently broke all time highs. Its natural for the market to have a brief relief period (correction) before the next impulse.
The best place to look for buys would be the bounce off the ascending correction.
Trade Idea:
We have the red ascending trendline to indicate when the impulse has ended and when the correction has begun. Once the correction begins, look for shorting opportunities back to the ascending trendline.
Once we're back at the ascending trendline, look for buys and HODL!
BITCOIN - The Big 100K Move Coming! 🔥In our last post we talked about the Elliot waves behind Bitcoins price action.
We were expecting a rejection off one of the fib levels to complete the second ABC move before we start the C wave, which will likely take us back down to around the mid 50k levels where we will be looking for the big buy that we've all been anticipating!
Watch for bear flags to take Bitcoin down. The Elliot wave theory suggests there will be a 5 wave pattern down. So watch for a bear flag and try and count the waves down!
See linked chart for our previous Bitcoin analysis.
GALA - Breakout!Gala recently broke out of the descending correction but not before there was a bout of manipulation.
The first manipulation we got was the "breakout" where price spiked above the wedge and then closed within it, making it a false break out. Soon after price dropped heavily and went beyond what most would class a support level.
We then got an actual breakout where the candle closed above the wedge. We had a nice structure and 61.8 bounce and moving on higher.
Watch for lower timeframe corrections and target the highs of 0.1400.
AKRO - All Time Highs Soon! There has been a lot of buzz around AKRO recently as the team behind AKRO have been working on big things! One of which is a platform called Vortex which is AKRO's take on basis trading.
From a technical standpoint, we can see that AKRO has made a number of break and retests. The price action to look for would be another break and retest around the 0.038 level.
If there's no break and retests, watch for a simple correction and enter.
The daily timeframe looks really bullish. There's a very high chance that we can hit ATH or even higher!
KISHU - Get Ready For This! ⚡️Following on from our last post on Kishu, we were looking for a correction which we now have!
Price rejected the 61.8 fibonacci and moved up nicely. We appear to be in a minor bullflag.
Trade idea:
Enter on break of bullflag
Stops below the rejected price
Targets:
First Target: Recent highs
Second Target: -0.27 Fibonacci
Third Target: The Moon!
DOGECOIN - Return Of The Doge 🐕Its been a little while since we visited Dogecoin - there was a reason for it! Dogecoin has been at the forefront of crypto news and on the tip of Elon's tongue, which in turn brought about messy price action and manipulation (as can be seen in the chart).
If we ignore the spike down and mark it as manipulation, we can see that we are in a steady uptrend. We appear to be in a bullflag and anticipating a breakout.
Trade Idea:
Watch for a breakout of the bull flag
Enter with stops below the ascending trendline
Targets:
Target 1: Recent highs of 0.3300
Target 2: 0.4000
Target 3: 0.4400