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Altsignals

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.
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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!
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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!
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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.
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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.
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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!
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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
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ChainLink - Check Out This Monster! 🤯ChainLink has been so clean and our signal team caught the perfect retest of the broken structure level indicated on the chart. 0 drawdown! This crypto has a long way to go! We can possibly go back up the the previous highs of 50! Our signal was: LINKUSDT Long Entry: 28.35 - 29.1 Targets: 33.612 - 38.612 - 46.983 - 52.345 Trade idea: Watch for a pullback on lower timeframe. If we go back to the channel support, enter with stops below the channel. Don't miss this trade!
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BITCOIN - How To Get To 100K 🔥Bitcoin is showing nothing but bullish momentum. Even the break of ascending trendline was corrective, indicating that Bitcoin is getting ready for a major move higher. We are currently in our second ABC correction of the 3 wave correction. Watch for price to react to one of the fibonacci levels and make its way down once more to the channel support region (Will update again once we're ready for buys). In the meantime we can look for shorts by looking for rejections at the fibonacci levels and then holding it down to 54-56K. If price breaks below 52K, the bullish outlook will be invalidated.
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