THETA - TO THE MOON 🚀In our last post, we had 2 areas of interest where we would buy THETA. See below:
Price came down to the lower buy zone and bounced off perfectly! We are currently up 60% from that reversal zone.
Looking for continued bullish momentum. Please note that on the off chance we reject the descending trendline and make an ABCDE descending wedge, watch the double bottom area for a reentry.
Lets take this to the moon.
Altsignals
ChainLink - Perfect Bounce!In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction.
Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom from ChainLink before moving higher - so if you haven't got in already, this may be your chance!
Trade Idea:
- Watch for price to come back to the $14 level
- Enter once double bottom appears
- Stops below the bounce
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
See our post on reversal patterns below:
Goodluck!
RIPPLE - The Next BUY ZoneWe may seeing a brief retracement period, which could bring XRP down between the 0.5 and 0.618 fibonacci levels where we have moving average confluence as well. We'll be looking for bullish price action between 0.70 and 0.75.
Trade Idea:
- Watch for price to retrace back to the fibonacci levels
- wait for lower timeframe trendline break to indicate bullish pressure
- Enter with stops below the rejection
- Target the previous highs but hold some for the major bullrun
Goodluck!
REN - The Bullish Sequence ✨In 2020 when we had the bullish breakout, we saw a very particular sequence of events take place.
We saw:
1. MACD divergence
2. Trendline Breakout
3. Double Bottom
4. BULLRUN
We are now seeing a very similar sequence of events happening. So far we can see:
1. MACD divergence
2. Trendline Breakout
We are yet to see Double Bottom and the BULLRUN.
Trade Idea:
- Watch for price to retrace back to the double bottom
- Enter with stops below the lows
- Hold on tight for another bullrun!
It is quite possible that we may not come down to the double bottom. Incase we don't, look for lower timeframe bullish corrections to enter.
Goodluck!
DASH - Get Ready For Bulls!DASH has recently created a nice reversal wedge and we could be at the start of the bull run. Usually when price breaks out of a wedge, it has a brief retracement before continuing with the breakout.
What we are looking for now is a correction on lower timeframe. There's a chance we can make our way back down to the impulse generation point at $40 but we are currently looking for bullish corrective price action around 80-100.
Bullish price action can be bull flags, structure retests and/or fibonacci retracements.
Let us know what you think below.
Goodluck!
POLKADOT - Second Divergence Breakout! 🤑In June 2021, we saw DOT breakout by over 400% after seeing MACD divergence - which indicates a trend is about to reverse.
We saw a very similar divergence recently and got a nice breakout. We could very well be making another 400% gain! If we move lower, watch for the MACD divergence trendline to be respected and then enter BUYS. We could potentially make a double bottom before moving higher.
We will be posting any corrections we find and keeping you all updated with any potential setups with great R:R.
Let us know your thoughts below!
ETHEREUM - Divergence Breakout! 🔥Similarly to Bitcoin, Ethereum was also in a parallel ABC correction. On the 2D timeframe we can see that the recent low had divergence - indicating that the trend is about to reverse.
After bouncing off from the parallel channel support, ETH moved up by 40% already!
Looking for lower timeframe corrections to take ETH to all time highs!
BITCOIN - BULLRUN STARTED ✅Bitcoins reversal has been at the forefront of everyones mind for the last 6 month. Not sure if anyone has spotted the parallel channel we're in... We respected the channel perfectly and created an ABC correction. We are now in the impulsive phase so any pullbacks should be bought!
Watch out for for lower timeframe bullflags and ABC correction and BUY Bitcoin!
Make sure to keep updated with our latest posts as we'll be posting any corrections we find so that we can all get in on this massive bullrun, which will no doubt break ATH's!
FLM - Breakout! 🔥🔥FLM had a massive impulse in 2021 and corrected for the latter half of the year. We were in a descending ABC wedge and it looks like we broke out of the correction and started the next impulse!
Trade Idea:
- Enter with stops below the lows (below 0.20)
- Targets: 0.70, 1.20, actively manage the rest
See our previous post below:
Let us know what you think below!
LITECOIN - Bullrun Started! ✅The $100 reversal zone was on our radar since early December 2020. We had the structure and 78.6 fibonacci level acting as confluence for a reversal.
In our previous post we mentioned that 2022 will likely be a bullrun for Litecoin - and it looks like we've started!
We are currently up 30% from our $100 reversal zone. Looking for further strength from Litecoin this year!
See our previous posts on Litecoin below.
RIPPLE - The Perfect Reversal! 🔥Since early December, we've had our eyes on the 0.50 - 0.55 level and kept mentioning that that was our reversal zone.
Since then price came back down to our reversal zone and bounced perfectly! We posted an analysis on XRP when we were at the bottom and looking for a reversal. Currently it's up by almost 40% and that's just the start of it. Expecting a LOT more from Ripple.
If you haven't entered already at the bottom, keep an eye out for our charts as we'll be posting continuation setups!
See below for our previous XRP analysis.
C98 - The Ground Floor C98 was on a massive bearish leg for the latter half of 2021 and we almost took out the entire gains it made.
We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure.
The great thing about this coin is that its at the very lows. Any move up would be exponential gains for your portfolio. Might be a good one to take a punt on and see what happens.
Trade Idea:
- Enter and watch for continued bullish momentum from 78.6 fib
- If we move lower, watch the structure level for bullish price action and enter
- Targets: 4.4, 6.2, actively manage the rest
Goodluck!
LUNA - Correction Almost Finished! ⚡️Luna looks to be on the last legs of the correction. We have the structure level at 36-37 where we are looking for bullish price action.
In the mean time we can look for one more short trade back to the structure level.
SHORT Trade Idea:
- Watch for lower timeframe correction break
- Enter with stops above the recent highs
- Target the structure level at 36-37
Goodluck!
FLM - The Third BounceAfter the massive bull run in early 2021, FLM has been bearish for the rest of the year. We are now approaching the impulse generation point once again where we may see a significant reaction.
Trade Idea:
- Set alerts near the bottom (at 0.15)
- Watch for bullish price action at the structure level
- Put stops below the lows
- Targets: 0.4, 0.8, 1.2
Goodluck!
TRON - The Bottom Is Near!Tron is approaching the double bottom region from 2021 where we saw a bull run of over 170%!
It appears we have one more drop before we reach that level, which can be traded.
SHORT Trade Idea:
- Watch for rejection of the structure (0.06 to 0.065)
- Enter with stops above that structure level
- Targets 0.045 to 0.05
LONG Trade Idea:
- Watch for bullish price action around the 0.045 level
- Enter with stops below the rejected price
- Targets: 0.08, 0.13, ATH's
Goodluck!
CARDANO - Where Are The Bulls? Cardano is finally near one of our reversal zone. We're currently sitting on the structure level that we bounced off previously. However, as we're expecting one more Bitcoin SHORTS, it is likely that Cardano may drop once more - to the 0.70 level where we have multiple fibonacci confluence. We can see that we're in a 5 wave impulsive move down and currently in the fifth wave. Fibonacci extension suggests that the 0.70 is the reversal zone.
Trade Idea:
- Watch Bitcoin to see if we make one more move down (see linked chart)
- If Bitcoin moves lower, watch for Cardano to hit the 0.70 reversal level
- Enter when you see bullish price action
- Stops below the rejected level
- Targets: 2.4, 3, manually manage the rest
Goodluck!
UNISWAP - Reversal Wedge!Uniswap is currently within a descending wedge and has been respecting it very well. The wedge is a descending wedge, which is often a bullish reversal wedge.
We are anticipating a breakout of the wedge soon with ATH targets.
Trade Idea:
- Watch for a breakout of the wedge
- enter with stops below the lows
- Targets: 28, 44, actively manage the rest.
Goodluck!
POLKADOT - VERY Important Level To Watch.In one of our earlier posts on Polkadot, we were saying that Dot will likely go down to the $10 area where we will be looking to buy - see that post here:
We are now very close to our entry zone. We have one more move down before we hit the $10 level - which some were very sceptical about!
The move down can be traded but it is only a short term trade. The big move is the buy trade from the $10 level.
Trade Idea:
- Watch for Dot to move down once more and tag the $10
- Watch for bullish price action at that level and enter
- Put stops below the price bounced from
- targets: 32.4, 54, actively manage the rest
Goodluck!
ETHEREUM - Shorts Almost Ready ✅In our last post we identified the retracement and where it may retrace to before dropping once again. We are now near one of 2 reversal zones. The ideal reversal zone is the 61.8 fibonacci where we have structure and the descending trendline.
However, if we don't get enough momentum to push us to that level, the 50 fib looks to be the other reversal area. Either way we can watch the red ascending trendline for a break and enter.
Trade Idea:
- Watch for rejection of one of the fibonacci levels
- Enter with stops above the rejected price
- For safe entry, wait for the ascending red trendline to break
- Targets: 2200, 1700, actively manage rest of the positions incase we drop lower
See below for our higher timeframe analysis.
Goodluck!
BITCOIN - Shorts Almost Ready ✅Following on from our last post where we had the higher timeframe analysis for shorts, we are now almost near our ideal reversal zone.
The 39k level appears to fall in line with the descending trendine and the structure, making it the best place for reversal.
Trade Idea:
- Watch for price to reject the descending trendline and structure
- enter with stops above the rejected price
- targets: 33k, 30k, actively manage the rest incase Bitcoin dips even more
See below for our higher timeframe analysis.
ANKR - Breakout Imminent!ANKR is setting up nicely for a breakout. We have the structure level at 0.053 where we saw price breakout in late 2019 by over 300%.
We are approaching that structure level once again where we might see a similar price action.
Trade Idea:
- Watch for price to come back down to the structure level and show bullish price action
- Enter with stops below that level
- Targets: 0.118, 0.18, actively manage the rest
Goodluck!
Alt coins, a key decisive turning pointIt looks as though a reverse head and shoulders is forming. For me the question left to ask here is where will the right shoulder bottom at? It has definitely confirmed adequate support just below current levels. It may have already bottomed on the right shoulder. It might drop lower and create more of a triple bottom. Either way that would most likely mean we are sitting in an excellent buy zone for the entire alt coin market. Whether it has bottomed today, tomorrow, or next week it really doesn't make much difference. I believe right now, you could throw a dart blindfolded and land a massive gain on just about ANY altcoin you choose right now. Which is why I chose ALT PERP as a general represantion of the current alt coin market. Happy Trading! Buy and hold, no fear here, prices will multiply shortly!
SHIB - Bouncing Off VERY Soon! 👀Shiba Inu has been on the watchlist for a very long time. Been waiting for the massive inevitable impulse that will soon make us all shibillionaires!
Only issue is that there doesn't seem to be a clear bottom. No previous structures to indicate where it may reverse from. There's the 0.88 fibonacci level which could be a reversal zone.
So, how do we approach it?
Best way to get in at the bottom is by correlating it with other cryptocurrencies such as Bitcoin. When they find their bottom, we can assume that maybe Shib and other altcoins will have found their bottom.
SHORT Trade Idea:
- Watch for rejection of the structure and fib
- Enter with stops above the rejection
- Slowly take profits as we come down
LONG Trade Idea:
- Watch for Bitcoin and other major coins to find their bottom
- Watch Shib for similar price action
- Enter with stops below the lows
- Ride the wave until there appears to be a clear loss of momentum 🏄🏼♂️
Goodluck!