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Altsignals

FTX TOKEN - Will Sam get Fried?FTX Token is at a pivotal point where a small move either way could determine the next moves. Bullish - As Binance is blocking more and more regions every week, customers affected must find another exchange which is where the FTX exchange comes in. If enough customers come on to FTX exchange, it could surge the price for the FTX Token. A break above the 61 level would confirm that the bullish outlook. Bearish - From a technical standpoint, we can see that there's a head and shoulders formation at play. For it to be a confirmed head and shoulders pattern, price needs to break the neckline. Will be watching this one closely!
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2
CARDANO - Road Map To The Moon 🚀Cardano has been moving exactly as we expected for the last few months. We got in on that massive buy once we identified the parabolic curve late July. In one of our recent posts we mentioned that price wasn't ready to break higher. We can now see a bullish pattern developing which indicates to us that Cardano is now getting ready to move higher! Watch for the falling wedge pattern to complete and get in when wave E finishes. This could be setting Cardano up for all time highs! In the meantime we can capitalise on shorts from the 0.5 fibonacci level. On lower timeframe monitor for bearish price action and ride the wave down to atleast 1.9 and then get ready for the big buy to all time highs! See linked chart for our previous Cardano analysis.
by Altsignals
1
BITCOIN - Sniper Short 💥Bitcoin has been treating the team very well! In our previous analysis, we anticipated the drop from the 49K level. Price dropped 18%! We now have another chance to get in on another short back to down to the -0.27 target fibonacci which lines up previous structure. We look to be in a descending ABCDE wedge. Watch for price to break the ascending red trendline and enter with stops above the correction. Ideally we'd want price to reject one of the fibonacci levels before moving lower. Set up invalidated if we break above the 78.6 fibonacci.
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4
ETHEREUM - Take Profit HIT! What's Next?In our last Ethereum post, we were shorting from around the 3600 level to the 2900 level. Price did exactly that and dropped 20%! We are now looking for a pullback back to the fibonacci levels indicated. If we can break above the 3400, we may see a bullish recovery. However, it is likely that ETH will continue its downtrend and the best place to get in would be the rejection of the 3400 structure and fibonacci level. In the mean time, we can buy for the short term back up to 3400. Please be careful with your long trades as this is a countertrend move. See linked chart for our previous Ethereum analysis. If you're enjoying these analysis, like this post and comment what you want us to share next!
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US30 - The Beginning Of Another Crash?We have had Dow Jones on our radar for quite some time now. Price has been steadily climbing and being squeezed for a while. We could be at the start of another big correction like we saw in early 2020. The question is, how big is this correction going to be. The last correction was 37% decline. We could possibly get a similar sized correction this time round. Will be sitting on the sidelines for now until we have a much cleaner idea on what's going on. What do you guys think?
CAPITALCOM:US30
by Altsignals
SOL - Break or Bounce SOL is at a critical place right now where we have a break or bounce scenario. If price can push up from here, we can possibly see price reach the highs once again or even higher. However, if price breaks the major trendline, we could see SOL topple back down to atleast the 65 level. LONG: Wait for price to break the lower timeframe descending trendline and enter with stops below the recent lows SHORT: Wait for price to break the major trendline and enter on a retest of the structure or a bear flag.
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BITCOIN - SHORT SCENARIO TARGETS 🩸In our last analysis we were anticipating a rejection from around the 49K level. Price couldn't quite reach the 49K but it went close enough to show us a rejection. We are now looking for short term sell position, possibly back to one of our structure levels. First target we're looking at is the 43K level where we have the previous bottom and structure. Second target is the 37K level where we have the -61.8 fibonacci extension and previous structure. Our short bias will be invalidated if we push above the 49K level. It's important to be flexible and adaptable with the market. If the market shows bullish pressure, we can always change our bias to Long provided there are enough confluences.
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CARDANO - Limited Bullish Potential ⚠️It is very possible that we may have seen the all time highs for Cardano for the time being. We are seeing an ascending correction which is almost identical the ascending correction we had at the start of September which resulted in a drop of over 30%. Will be looking to take Cardano down to atleast the 2.20 level. Watch for bear flags on the lower timeframe to for an entry. Have a look at our educational post on identifying Flag Patterns and how to trade them - see linked chart.
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BITCOIN - Are We In A Bear Market?Since the major drop we had last week, we could be seeing the start of the bear market. Bitcoin is currently trying to recover but until we see a bullish move similar to the massive drop we had last week, we should be cautious. It is likely that we are within a correction and we could be seeing highs of 49K before dropping once again. Will be looking for bull flags until we hit the 61.8 fibonacci before flipping our bias to bearish if we see a clear rejection of the 49K level.
by Altsignals