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Altsignals

BITCOIN - Either Way, Lets Make Some Money!Recently Bitcoin has been really confusing and it has been difficult to understand whether price will go up or down. In such cases, it is important to prepare for both scenarios and so we've put together a chart explaining how to trade in either directions. BUY Scenario The price we're looking at is the $34,700 where we have previous structure. If price breaks upwards, we will be looking to get in on the retest of that structure. We'll be aiming for the previous high of $41,000 SELL Scenario If price rejects the $34,700 level and fails to break it, we can assume that there isn't many buyers to push Bitcoin up again in the short term. We will wait for a clean break of the 30K level and then get in on the retest as indicated in the diagram on the chart above.
by Altsignals
2
DOGE - STILL WAITING FOR BREAKDogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level. We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
by Altsignals
1
DOGE - STILL WAITING FOR BREAKDogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level. We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
by Altsignals
2
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area. We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge. Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
by Altsignals
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area. We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge. Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
by Altsignals