CARDANO - Approaching Key AreaCardano has had a few attempts to break out this year but somehow manages to lose steam on its way up. We are now approaching a pivotal price 1.15 where we have multiple confluences for the upside. However if we break that level, we could see Cardano tumble much lower than the major bull run this year.
Again we have a descending trendline which we will be monitoring for a breakout to indicate buying pressure.
Altsignals
CARDANO - Approaching Key AreaCardano has had a few attempts to break out this year but somehow manages to lose steam on its way up. We are now approaching a pivotal price 1.15 where we have multiple confluences for the upside. However if we break that level, we could see Cardano tumble much lower than the major bull run this year.
Again we have a descending trendline which we will be monitoring for a breakout to indicate buying pressure.
DOGECOIN - Are You Holding??Dogecoin has been in a downtrend ever since that big spike we saw in May. We are now approaching the THIRD touch of the structure level at 0.16.
Looking to see if there's enough buying pressure to finally break Dogecoin out of the bearish phase.
We have a descending trending leading towards the structure. We can monitor that for a break to the upside to indicate buyers coming into the market.
DOGECOIN - Are You Holding??Dogecoin has been in a downtrend ever since that big spike we saw in May. We are now approaching the THIRD touch of the structure level at 0.16.
Looking to see if there's enough buying pressure to finally break Dogecoin out of the bearish phase.
We have a descending trending leading towards the structure. We can monitor that for a break to the upside to indicate buyers coming into the market.
BITCOIN - STILL BEARISHBitcoin is still within that parallel channel and we could be seeing an ABC correction for another move down to the parallel channel support.
In our last analysis we marked out an ascending trendline which we were watching for a break - which we just got. Will look to take this down to atleast the 30K level.
BITCOIN - STILL BEARISHBitcoin is still within that parallel channel and we could be seeing an ABC correction for another move down to the parallel channel support.
In our last analysis we marked out an ascending trendline which we were watching for a break - which we just got. Will look to take this down to atleast the 30K level.
NASDAQ - Another Bullish Correction?NASDAQ has been steadily climbing higher and higher with a channel. We can see that within the bullish moves, we have ABC corrections followed by a major impulse. We could be seeing another ABC correction soon which we can capitalise on.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the channel. Take profits would be the channel support.
NASDAQ - Another Bullish Correction?NASDAQ has been steadily climbing higher and higher with a channel. We can see that within the bullish moves, we have ABC corrections followed by a major impulse. We could be seeing another ABC correction soon which we can capitalise on.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the channel. Take profits would be the channel support.
BITCOIN - Back Below 30K!We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
BITCOIN - Back Below 30K!We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
AXS - Pump & Dump Season!Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
AXS - Pump & Dump Season!Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
ETHEREUM - Where Are We Heading?From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
ETHEREUM - Where Are We Heading?From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
DOGECOIN - Moment Of Truth...We've been monitoring Dogecoin for a while and not much has happened apart from little moves.We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
DOGECOIN - Moment Of Truth...We've been monitoring Dogecoin for a while and not much has happened apart from little moves.We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
LITECOIN - Watch For Breakout!Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD (See linked chart)
LITECOIN - Watch For Breakout!Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD (See linked chart)
BITCOIN - Can We Reach 40K??The 30K had a significant reaction early on this year and it appears that it has had a similar reaction again recently. The next area of interest would be the 40K level.
First we need to try and break the 36K level before we can reach 40K. Will be looking to take an entry on the retest of 36K should we break it...