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.
Altsignals
DOGECOIN - The MEME Isn't Over Yet :)Following the major moves brought on by Elon, we have now resumed back to normal technical moves for Doge. We can see that we're in a descending wedge where price rejected the 100EMA and the bottom of the wedge. Price is being squeezed now and a break of the wedge and the 0.36 level will confirm the bullish breakout of this meme coin.
DOGECOIN - The MEME Isn't Over Yet :)Following the major moves brought on by Elon, we have now resumed back to normal technical moves for Doge. We can see that we're in a descending wedge where price rejected the 100EMA and the bottom of the wedge. Price is being squeezed now and a break of the wedge and the 0.36 level will confirm the bullish breakout of this meme coin.
Ripple - Watch For Bulls - XRPPERPFollowing the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Ripple - Watch For Bulls - XRPPERPFollowing the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
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.
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.
Litecoin - Reversal Zones $$Similarly to Bitcoin, Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom. From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
Litecoin - Reversal Zones $$Similarly to Bitcoin, Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom. From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
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).
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).
BITCOIN - The Future Of Bitcoin Hinges On $40k - $42KAfter the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
BITCOIN - The Future Of Bitcoin Hinges On $40k - $42KAfter the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
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.
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.
ADAUSDT - Ready For The Next Move 📈Cardano is fast approaching 2 major areas of interest where we can look for buys.
First area:
- Inner trendline support
- Previous Structure
Second Area:
- Major trendline
- 200EMA Support
Watch for buying pressure near the inner trendline. If price breaks the inner trendline, the next best place to buy would be on the bounce of the major trendline.
ADAUSDT - Ready For The Next Move 📈Cardano is fast approaching 2 major areas of interest where we can look for buys.
First area:
- Inner trendline support
- Previous Structure
Second Area:
- Major trendline
- 200EMA Support
Watch for buying pressure near the inner trendline. If price breaks the inner trendline, the next best place to buy would be on the bounce of the major trendline.
LINKUSDT - Confluences Linking Together 🔗Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
LINKUSDT - Confluences Linking Together 🔗Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
TRON - 2 High Value Areas 🌟Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see what area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
TRON - 2 High Value Areas 🌟Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see what area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
Ripple - Breakout Imminent! ⌛Ripple appears to be in a major bullish triangle and will be breaking out soon. Historically, both Bitcoin and Ripple move together and as we are looking to buy Bitcoin, we are also looking for buying opportunities for Ripple. The safe entry would be at either extremes of the Bullish Triangle - If at the bottom, buy on bounce. If price breaks out of the bullish triangle, buy on retest.
Things are shaping up nicely for the next big move!
Ripple - Breakout Imminent! ⌛Ripple appears to be in a major bullish triangle and will be breaking out soon. Historically, both Bitcoin and Ripple move together and as we are looking to buy Bitcoin, we are also looking for buying opportunities for Ripple. The safe entry would be at either extremes of the Bullish Triangle - If at the bottom, buy on bounce. If price breaks out of the bullish triangle, buy on retest.
Things are shaping up nicely for the next big move!
