rook looking goodaccumalating rook down here
could see a big move soon if we can break the down trend
Altsignals
Altcoin Market - Bullish TransitionUsing Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
Big potential for SUSHI! Hello my friends,
I updated on of my trades. This time its on Sushi/USD. I think its has a lot of potential for some upward momentum.
There is slight regular bullish divergence on the 4hr timeframe and with the momentum of BTC we can see some rise anytime soon. I've pointed out two zones for taking profit.
Hope you like my idea. Please like if so and thank you for checking out!
Good luck to you all during these weird times.
Kind regard Cryptodjens.
BINANCE:SUSHIUSDT
ChainLink - Watching For A Breakout 👀ChainLink hasn't moved much since our last post. We appear to be in a descending correction we know descending correction = bullish reversal.
We just need to be a little more patient for the breakout and once it comes (and it will come), it'll make all the waiting worthwhile!
A good indication that we are almost about to reverse is that we are in an abcde descending correction and we're on the final e wave.
Trade idea:
- Watch for a strong breakout. Use the red descending trendline as confirmation
- Once price action appears, enter with stops below the lows
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Goodluck!
BINANCE COIN - Only Just Getting Started... 🚀Once we zoom out, we can see that BNB has only just completed the 2nd wave and we're expecting the 3rd wave, which is often the biggest.
First wave was a 5 wave impulse
Second wave was a 3 wave correction
Third wave - Anticipating a 5 wave impulse now
Fourth and Fifth Wave coming.
Trade Idea:
- Swing entry now with stops below the recent lows
- Intraday entry: watch for lower timeframe pullback and enter
- Swing Targets: 690, 1000, 1100
Goodluck!
MAKER - Easy Money Maker ✨We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher.
Maker is really susceptible to volatility wicks so be careful when trading.
Trade Idea:
- Swing entry now with stops below the lows
- You can also wait for lower timeframe pullbacks to enter to reduce your risk (smaller SL placement)
- Targets: 4000, 6100, actively manage the rest
Goodluck!
LITECOIN - MASSIVE POTENTIAL 💰Litecoin has recently completed the ABC correction and we are ready for the next massive impulse wave with very minimal risk.
We have a descending trendline where it would confirm our bullish outlook. However we can take a risk entry now with stops below the lows and target the ATH's making it an incredible risk:reward trade.
Trade idea:
- Risk entry now with stops below the lows
- Swing Targets: 300, 400, actively manage the rest
Goodluck!
SOLANA - Bear Wave Done. Bull Wave Now ✅In our last Solana post we were trying to find out where the bottom may be and we had the -61.8 fib extension marked out as a possible reversal zone.
We rejected that fib level nicely and we are now making a higher low indicating the start of the bullish wave.
Trade Idea:
- risk entry now with stops below the recent lows (safe stops below the -61.8 fib)
- Targets: 150, 200, 250
Goodluck!
BITCOIN - Clear Bullish Targets 🚀Our recent Bitcoin analysis didn't go accordingly and the pattern changed. It appears we are in a zigzag ABC formation and currently in the C wave heading towards the 49K.
Bitcoin rejected the area between 618 and 78.6 fibonacci and we saw a trendline break - indicating bullish momentum.
Trade Idea:
- Watch lower timeframe corrections and enter
- Safe stops below the recent lows but aggressive SL can be used below lower timeframe corrections
- Targets: 46k, 49k
Goodluck!
ETHEREUM - Still Bullish - Update ✨Following on from our last ETH analysis, we moved a little lower than our anticipated buy zone. We moved towards the 78.6 fib and we got a nice trendline break indicating bullish momentum.
Trade idea:
- watch for lower timeframe pullback
- enter with stops below that pullback or safer stops below the recent lows
- Targets: 3000, 3250, 3600
Goodluck!
ELLIPSIS - Double Bottom Reversal ✨Ellipsis had a major bearish collapse and it may be that we've bottomed out now. We saw a breakout of a descending trend followed by a double bottom, indicating a trend reversal.
Trade Idea:
- Watch for a strong breakout of the descending red trendline
- Stops below the double bottom
- Targets: 0.4, 0.5, 0.7
Goodluck!
CARDANO - Primed For Breakout!In our last Cardano analysis we had 2 areas we were looking for a reversal. One of them was the structure level we are at now.
We're on the 5th wave, which is often a descending correction. Currently in wave E and waiting for the breakout, indicating a bullish reversal.
Trade Idea:
- Watch for bullish price action within the wedge (possibly double bottom)
- Enter with stops below the lows
- Targets: 2.4, 3, manually manage the rest
See below for our previous Cardano analysis:
Goodluck!
KADENA - Bullish Wave 3! KDA recently broke out of the ABC correction and now we're in the impulsive phase. We are in wave 3, which is often the biggest wave.
Trade Idea:
- Watch for lower timeframe bullish price action
- Safe stoploss below bull run structure
- Targets: 17, 27
Goodluck!
RIPPLE - 4H UPDATE - The Next BUY Zone ✨Ripple appears to be in subwave 2 of the bigger wave 3. The subwave 2 is made of an ABC correction, which we can see is being formed.
We are looking for bullish price action at our buy zone to take XRP to atleast the 0.95 level.
Trade Idea:
- Watch for bullish price action at the fib levels indicated
- Once bullish price action appears. enter with stops below the recent lows
- Short Term Targets: 0.9, 0.95
Please note that the ABC correction may become an expanded correction, at which case we will be looking at the 78.6 fib.
See our previous analysis here:
Goodluck!
BITCOIN - 4H UPDATE ✨Following on from our last Bitcoin analysis, we saw a nice breakout. We are now in the impulsive phase (wave 3). Wave 3 has 5 subwaves and we are currently on the 4th subwave which is an ABC wave. This wave shouldn't go beyond wave 1 structure level - gives us a clear invalidation level.
Trade Idea:
- Wave 4 is often an ABC wave
- Watch for breakout
- Invalidation is the wave 1 structure
- Short term targets: 46k, 49k
Goodluck
ANKR - BREAKOUT.Following on from our previous post on ANKR, we got a nice breakout followed by a double bottom, which bounced off our structure level perfectly. We are now anticipating further bullish pressure back to the top.
Trade Idea:
- Watch for bullish continuation pattern on lower timeframe
- Enter with safe stops below the structure lows
- Targets: 0.118, 0.18, actively manage the rest
Goodluck!
ALTS MARKET CAP ANALYSIS Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart total market cap makes this descending channel pattern and Breakout the upper residence but for confirmation, we need to close the daily candle upside to the upper resistance of the channel.
so let's wait and see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
$Blok bloktopia metaverse project potential bottom moonBloktopia alpha is launching now, just tweeted out the alpha emails are going out 10 minutes ago. Lots of fud and naysayers have been on this project so now having this alpha launch finally happen is an interesting moment - for btc and the crypto markets in general it’s also great timing. If this is the bottom for btc then it’s certainly a bottom for bloktopia, here’s the tweet - twitter.com
GALA - It's Official. Bulls Have Stepped In!We have a really nice Elliot Wave schematic playing out for Gala. We started the Bull Run Mid January when we completed the ABC correction. We are now seeing a 5 wave impulse higher and currently in wave 3.
Trade Idea:
- Possible entry now with stops below the recent lows
- Targets: 0.545, 0.82, actively manage the rest
Goodluck!
UNISWAP - REVERSAL WEDGE ✅In our last analysis of Uniswap, we identified the reversal wedge. We had an extended E wave but we stayed within the parameters of the wedge and it appears we will be breaking out very soon!
Trade Idea:
- Possible entry now with stops below the recent lows
- Confirmed breakout entry after breakout of descending wedge
- enter with stops below the lows
- Targets: 28, 44, actively manage the rest.
Goodluck!
VET - BUY AND HOLD.Following on from our last trade idea on VET where we were expecting more downside before the big bullrun, we are now at the perfect place to buy with very minimal downside and major major upsides!
Long Term BUY Trade idea:
- Enter with stops below the recent lows
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Goodluck!
FLM - 500% To Be Made! 🤩FLM had a massive impulse in 2021 and corrected for the latter half of the year. We were in a descending ABC wedge and we ended that wedge with a descending abcde wedge. Looks like the next big impulse has begun!
Trade Idea:
- Enter with stops below the lows (below 0.15)
- Targets: 0.70, 1.20, actively manage the rest
Goodluck!
BITCOIN - Bulls Almost Ready! ✅Bitcoin saw a nice impulse wave which followed every rule of Elliot wave theory. We are now in an ABC correction and anticipating the next move higher. We tested the 0.88 fib perfectly. We could just move up from here.
IF we move lower, pay attention to the double bottom area.
Trade Idea:
- Safe entry after break of descending red trendline
- stops below the most recent lows
- Take profits at 45.5k and 49-50k, 59k
Goodluck!
