TrueFi - Watch This Space!TrueFi is within a flat triangle and approaching a significant level which we have bounced off twice before.
Watch this level for a bounce or break scenario and trade in that direction for the short term.
Altsignals
SHIB - ATH Soon 🚀After the massive pump recently, Shib created a bullish pennant and we recently broke out of it. We appear to be in a bull flag now and looking for an impulsive move to take us back to the recent highs.
If there's enough moment, we can maybe see shib hit ATH very soon!
THETA - Watch These Fib Levels 🤓Theta has been respecting the fibonacci levels really well for the past 6 months.
We can see an impulse down and then a clear correction which then rejects off one of the fibonacci levels.
We are now in an ascending ABC correction and testing the 50 fibonacci. We may fall from here or we might just push up a little more to hit the 61.8 fibonacci before dropping.
Targetting the recent lows of 3.500.
SFP - Going Parabolic!SFP has been showing us a beautiful parabolic curve which in theory should have an explosive breakout.
The best place to look for buying opportunities would be the bounce off the support. A confirmation of the bullish parabolic breakout would be after the break of the parabolic curve.
ETHEREUM - All Time Highs! What's Next? 👀In our last analysis we marked out the recent correction and anticpated Ethereum to hit all time highs, which it did!
We could be seeing a brief corrective period whilst we accumulate more buyers before we go for another impulse higher.
What to look out for:
- Break of the current impulse trendline will indicate the start of the corrective period.
- Corrective phase will likely be an ABC pattern back to the ascending trendline
- Watching for a bounce off the trendline for the next impulse higher
Please be mindful that we are still bullish, so any bearish movements should be seen as a correction rather than a reversal.
ICP - Seriously Undervalued! 😲 ICP's all time highs were in excess of $600!
Currently its sat below $50 which is ridiculous. Recently we saw price reject the 78.6 fibonacci and created a local double bottom. This is an indicator that price is bullish and we could see a push back up to the $88 by the end of 2021 which would give a return of over 80% in a matter of months!
Once we pass the $48 level, look for the next ABC correction and enter on breakout with stops below the correction.
First targets being the recent highs of $87.
BITCOIN - Next Stop 100K 💸Recently Bitcoin broke all time highs! We had a trendline in place to identify when the next correction period will come. Price broke the trendline and it appears we will be making an ABC correction back to one of the fibonacci levels before the next big impulse which will see Bitcoin soaring!
In Elliot wave theory, wave 3 cannot overlap wave 1. Therefore the bullish outlook will be invalidated if we fall below 53K.
Currently the best bet would be only long opportunities but there may be opportunities to short Bitcoin for the short term back to the fib levels. Watch for clear bear flags if you're entering for the short term.
We are looking for buying opportunities between the 54k to 57k.
SANDUSDT Technical Analysis⏳ Spot
💎 SANDUSDT has formed a symmetrical triangle and after the breakout by a large green candle it can go down for the retest and then continues the Bullish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.7580
☕️ TP1 0.7920
🍺 TP2 0.8200
🍻 TP3 0.8500
🍾 TP4 0.9000
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.6800
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
ALGOUSDT Technical Analysis⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle, the price has got rejected from the bottom of the triangle, I expect it to move higher and after the breakout we will see a bluish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 1.6969
☕️ TP1 1.8200
🍺 TP2 1.9000
🍻 TP3 2.1000
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.6000
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
NASDAQ - The Perfect Impulse - Correction - Impulse Nasdaq has been showing very clear impulse and corrections. The corrections appear to be always an ABC contracting triangle.
We could in wave A of the ABC correction now.
The trade to look for is the impulse after wave C, which is the big move. However we can capitalise on wave B now. Watch for a bounce off the channel support. We've seen that wave B has a correction midway through the move which would be a good point to put trades at BE.
Due to the uncertainty in world economics, it is imperative to play this one safe and use proper risk management.
DENT - Bullish Pennant BreakoutDENT appears to be on a steady uptrend and we are now within a bullish pennant and seeing some bullish momentum.
Keep an eye out for a breakout and enter with stops below the corrective lows.
NEO - Breakout 🔥NEO recently showed as a major correction and broke out. We have now seen a minor bullish correction and we just broke out.
Possible entry with targets of 50 - 54 - 66 (longer term TP)
ETHEREUM - All Time Highs 🚀After the ABC correction we had in September, Eth has been on a steady climb back to all time highs.
We may see one more correction before we hit ATH. Watch for corrections like the ones we've seen before.
Looking for price action at ATH to tell us whats next!
KEEPUSDT - Quick Buys!KEEP has had a massive pump recently and now we are seeing price action that we can actually analyse and trade.
The bearish correction appears to be over when price rejected the 38.2 fibonacci and came down to the -0.27 fibonacci.
We are looking for price to break above the 0.80 level to confirm bullish movement.
ANKR - Getting Ready To Explode!ANKR broke out of a major descending channel in August and we are now in bullish territory. Price looks to be making a big ABC correction for a move to the upside.
We can either make a rejection at the 0.0725 level or we can go further down to the -0.27 level which falls in line with the previous lows, and the support of the bullish correction we're in.
In the meantime we can look to take ANKR down for the short term.
GRT - The Next BreakoutGRT has been in a series of impulse and corrections and now we are in another correction. Waiting for a breakout to take GRT to the -0.27 level.
We have 2 fibonacci levels which we are looking at for a rejection. Keep a close eye for a breakout.
RIPPLE - The Next Leg Down 🔥XRP finished its impulsive leg and now is in its corrective ABC phase.
We can see that price reacted to the 61.8 fibonacci and then broke the ascending trendline indicating that price is rolling over to the downside to complete the C wave.
We have 2 areas where the corrective wave can end.
First area is the -0.27 but the second area seems more likely.
Second area is the -0.618 which lines up with the previous bottom.
Looking for bear flags to take Ripple lower.
Bitcoin Cash - Downside Rollover 🩸Bitcoin Cash was in an ascending correction for the last couple of months but it broke to the downside and then created a minor correction.
The minor correction rejected the 0.5 fibonacci and now we may see it rolling over to the previous bottom to create a higher timeframe double bottom. Another confluence we have in that area is the -0.27 target fibonacci which makes it an even more high probability area that price may reach there.
CARADANO - Further Weakness 👎🏼In our last analysis we marked out the bearish pennant and we were anticipating a breakdown back down to the 1.90 level. We broke down of the pennant and created a nice bear flag that retested the pennant and now we're making our way down.
First targets will be the -0.618 level which lines up with that major structure level you can see on the chart. Watch for bear flags on lower timeframe to take ADA down further.
BITCOIN - Correction Overdue 🩸Bitcoin has had really nice bullish price action leading to all time highs. We could be in for a major correction back to the ascending trendline soon.
If we copy and paste the first impulse to the second impulse we're in now, it takes us back to ATH where we could see a significant reaction which may cause us to fall for a short period of time.
For confirmation, we are waiting for the break of the ascending red trendline to indicate to us that the bullish run has ended and that we're making a correction.
Don't jump in too soon. Wait for price to tell you what's next!
BTC DOMINANCE Huge alt season right down the corner?BTC Dominance just broke above the 1D MA200 (orange trend-line) after a 6 month consolidation period. This sequence is very similar to the previous BTC Cycle, in fact its Parabolic Phase.
As the BTC Dom chart shows, an identical consolidation pahse took place from July to November 2017. Then following a Golden Cross, the price peaked and dived aggressively as BTC sharply lost dominance against the rest of the market.
The total crypyo market cap chart also shows identical phases. Do all these indicate that a massive alt season, potentially the last of the current Bull Cycle is right ahead of us? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
AVAX - Watch This FlagAVAX appears to be in a bullish correction for a move up. For a confirmed breakout, watch for a bullish breakout.
Bullish set up invalidated if we break below the 50 level.
CTK - Unconvincing BreakoutThe first breakout that broke the descending trend early October, reversed from the 50 fibonacci level. We had a mother recent breakout which was very weak. We could see CTK roll over to the downside to the 1.4 level or even the 1.0 level.
Watching for bear flags to indicate bearish momentum and taking this one down.
