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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.
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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
SRMUSDT - Sellers Domain - Reversal Soon??In technical analysis, when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend. From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom. A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
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by Altsignals
SRMUSDT - Sellers Domain - Reversal Soon??In technical analysis, when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend. From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom. A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
S
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Cardano - Approaching Key Level - ADAUSDTIn our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish. We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down. We are now approaching another key level where we have multiple confluences: - Major trendline - 200EMA - Previous structure On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
by Altsignals
Cardano - Approaching Key Level - ADAUSDTIn our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish. We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down. We are now approaching another key level where we have multiple confluences: - Major trendline - 200EMA - Previous structure On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
by Altsignals
BTC CHINA NEWS - Whats next?Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop? From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
by Altsignals
1
BTC CHINA NEWS - Whats next?Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop? From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
by Altsignals
XRP - Is This The End? 💀Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price. For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
BINANCE:XRPUSD.P
by Altsignals