CARDANO - The Road To ALL TIME HIGHS 🔥Following our last analysis on Cardano, we got the break of the ascending correction like we anticipated. We are expecting another drop to take us back down to the Major trendline where we have both the trendline and structure confluence.
That would be the best place to look for buys to take us back to all time highs and higher!
In the meantime we can look for short term gains by shorting ADA once we break the bear flag.
Altsignals
FLM - Watch For BreakdownRecently we had a double top before the massive 40% drop. We can possibly see a continuation of the bearish momentum. We look to be in an ABC correction with the C wave playing out now.
We're looking for bearish momentum once we complete the C wave at around the 0.68 level with targets of the recent bottom of 0.5.
BITCOIN - A Bearish Outlook Following our last post, we were anticipating another push up from Bitcoin. We are now approaching the 61.8 fibonacci where we might see a bearish reaction which can take us down to 42K at the very least.
On lower timeframe, watching for a strong bearish candle for confirmation targetting the 42K level.
AUDUSD - Watch For BULLS 🐂Recently we broke out of the descending channel and made a significant move to the upside. We are now seeing a correction which is leading us back towards a precious structure level and the 50% fibonacci level.
Will be looking to take longs from from there back to the -0.27 fibonacci target level.
ETHEREUM - Bearish ABC CorrectionAfter that big dump last week, we may be in a bearish correction for another move lower. We are looking for price to complete the C wave of the correction to reach around the 3700 level before we see another bearish move.
In the meantime we can look for buying opportunities back to the 3700 level by identifying lower timeframe bull flags.
TLM - Decision Time...TLM was making really nice gains until the recent drop in the market. Now we are at a point where we can either make a bullish recovery or carry on with this bearish move back down to one of the previous structure levels.
The price to watch is the 0.24 level. If we come back above that level strong, we can see a bullish recovery take place.
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.
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.
DOGECOIN - Big Gains, Low Risk! 💸Thanks to the recent crash, we have a chance to get into Doge at a good price and have a really tight stoploss.
We have many confluences at play at the moment:
61.8 fibonacci
Structure
Parabolic curve support
Bullflag support
Once entered, stoploss below the recent low of 0.22000
On lower timeframe, we can get a nice entry once we see an impulse. See chart update for lower timeframe analysis.
BITCOIN CRASH - Are We Still Bullish? 😕Short answer, yes. We are bullish until we break the 42K level where price has reacted a lot previously. For now, we can look for shorts aiming for the 42K level and then reevaluate once we get more price action.
Currently on lower timeframe, price looks to be in a bearish correction for another move lower. See chart update for lower timeframe analysis.
DENT - Easy Set Up 🤩DENTUSDt is making nice bullish moves. We recently saw an ABC bullish correction with a breakout. Looking for further bullish momentum.
We could possibly come back to retest the ascending trendline. If we don't, look for strong bullish pressure and join in with the move.
See chart for targets.
ALPHA - A Masterpiece - Over 250% 😱The last time we posted Alpha was on June 17th where we identified the descending correction and our buy zone.
Price came into our zone perfectly and broke out the descending correction. Since then, price has moved over 260%!
We are now looking for continuation trades. Watch for price action back to the ascending trendline and enter with stops below the trendline.
Targeting 2.40.
ETHEREUM - Back To All Time Highs 👆🏻Ethereum has had a massive bull run since the triple bottom we saw a couple of months ago. The next best place to look for a trade is the all time highs where we may see some resistance. If we fail to break the ATH, we could see a nice reversal back to one of our structure levels.
Watch to see how price goes up to ATH.
BITCOIN - Watch 50K Closely! 👀Bitcoin has been in a steady uptrend since mid July and we can now see that it is within an ascending channel, which is typically a reversal pattern.
We are now at a crucial price point 50K where Bitcoin has a lot of attention. If we break the 50K level, we can possibly see a retest and another move higher.
However, if we break the ascending channel. we will be looking for a retest to take Bitcoin down to atleast the 42K level.
AKRO - Bullish Pennant Breakout! 👍🏼Following our last analysis for Akro, price pushed up 50% before creating a bullish correction for another move up.
We are now currently in a bullish pennant which bounced off the ascending trendline. Looking to take AKRO higher!
Bullish outlook will be invalidated once we break the ascending trendline.
AKRO - Bullish Pennant Breakout! 👍🏼Following our last analysis for Akro, price pushed up 50% before creating a bullish correction for another move up.
We are now currently in a bullish pennant which bounced off the ascending trendline. Looking to take AKRO higher!
Bullish outlook will be invalidated once we break the ascending trendline.