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Altsignals

AKROUSDT - Break & Retest Heaven!The last time we analysed AKRO was on the 5th of May where we had a Short set up which played out perfectly. We are not at the lows and looking for entry reasons to buy. We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom. The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs! Akro has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
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by Altsignals
AKROUSDT - Break & Retest Heaven!The last time we analysed AKRO was on the 5th of May where we had a Short set up which played out perfectly. We are not at the lows and looking for entry reasons to buy. We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom. The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs! Akro has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
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by Altsignals
6
FANTOM - Decision Time - FTMUSDTFantom recently tested the 78.6 fibonacci level and previous structure that we had marked out since April. As price has created higher lows, we could potentially be on the verge of a breakout. One thing to note is that price looks very corrective moving up so we could see price come back down to create a double bottom before moving up. If the ascending trendline breaks, watch for price to create a double bottom. However, if price breaks the 0.400 level, we may see a bullish reversal and we can enter on a retest or a bull flag. TP would be previous highs!
by Altsignals
FANTOM - Decision Time - FTMUSDTFantom recently tested the 78.6 fibonacci level and previous structure that we had marked out since April. As price has created higher lows, we could potentially be on the verge of a breakout. One thing to note is that price looks very corrective moving up so we could see price come back down to create a double bottom before moving up. If the ascending trendline breaks, watch for price to create a double bottom. However, if price breaks the 0.400 level, we may see a bullish reversal and we can enter on a retest or a bull flag. TP would be previous highs!
by Altsignals
1
1INCH - Breakout Soon!Similarly to every other crypto pair, 1INCH recently underwent a massive drop and cancelled out all the gains it made this year. We could be setting up for another surge very soon if we break the 100EMA and the previous structure indicated in the chart. The price to watch is the $3.80 level which is our structure point. The other level we are watching is the recent bottom at $1.77. If we move correctively back down to that level, it could act as a spring to take us back up to all time highs!
by Altsignals
1INCH - Breakout Soon!Similarly to every other crypto pair, 1INCH recently underwent a massive drop and cancelled out all the gains it made this year. We could be setting up for another surge very soon if we break the 100EMA and the previous structure indicated in the chart. The price to watch is the $3.80 level which is our structure point. The other level we are watching is the recent bottom at $1.77. If we move correctively back down to that level, it could act as a spring to take us back up to all time highs!
by Altsignals
ALPHA - Perfect Waves - ALPHAUSDTThe price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections. We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now. For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
by Altsignals
2
ALPHA - Perfect Waves - ALPHAUSDT The price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections. We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now. For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
by Altsignals
2
CARDANO - Bulls Making A Comeback - ADAUSDTIn our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this. A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs! We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
by Altsignals
1
CARDANO - Bulls Making A Comeback - ADAUSDTIn our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this. A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs! We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
by Altsignals
2
ETHEREUM - Deeper Correction For A Bigger MoveThe general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction. There are a few places where we can look for price reversal. First area is the $2650 where we have previous structure. Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time. For confirmation that the correction has ended, watch the descending trendline for a breakout.
by Altsignals
19
ETHEREUM - Deeper Correction For A Bigger MoveThe general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction. There are a few places where we can look for price reversal. First area is the $2650 where we have previous structure. Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time. For confirmation that the correction has ended, watch the descending trendline for a breakout.
by Altsignals