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ETHEREUM - Final Call For Shorts! ⚡️We could be seeing a final move down for Ethereum before we start buying, along with other coins. We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area. Trade Idea: - Watch for price to reject the structure and fib level - Enter with stops above that level - Take profits off around the 1700 level Do you agree? Let us know below. Goodluck!
by Altsignals
6
BINANCE COIN - SELL ZONE. BUY ZONE.Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy. The bigger picture is showing us an expanding flat correction and we're currently in the C wave. SHORT Trade Idea: - Watch for price to reject the fibonacci levels in our sell zone - Enter with stops above the rejection - Take profits around the 230-260 area BUY Trade Idea: - Watch for price to come to our buy zone - Enter when you see bullish price action - Stops below the lows - Targets: 650, 880, actively manage the rest Let us know your thoughts below!
by Altsignals
1
BITCOIN - 30K Incoming!Our previous posts on Bitcoin shorts have been playing out really well and it could be that we may have another short setup on our hands. Bitcoin is approaching the 40k level which has been a psychological level for quite some time. We broke through that and we could be retesting it and heading towards 30k (as mentioned in our higher timeframe Bitcoin posts) Trade Idea: - Watch for price to approach the 40K (or around that level) and show rejection - Risk entry on rejection of the structure level - Safe entry on the break of lower timeframe ascending trendline - Targets: 33k, 30k Let us know if you agree or disagree. Goodluck!
by Altsignals
15
BITCOIN x ETHEREUM - FInd Crypto Bottom Using This!Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down. We can use this to find the reversal zones for all the other cryptocurrencies. From the chart you can see that Bitcoin and Ethereum have almost the same price behaviour. Both showing us that we're in an expanding correction and approaching a significant level which we can reverse from. For Bitcoin - it is the 30k level we are watching. For Ethereum - it is the 1700 level we are watching. We can see that we have a little way to go until we reach the bottom. We can use this to see which other cryptocurrencies are near to the bottom and ready ourselves for the inevitable reversal. See below for some of the other crypto that are near the bottom or are at the bottom. CARDANO: RIPPLE: KADENA: LITECOIN: POLKADOT: STELLAR: TRON: VECHAIN: CHAINLINK: Feel free to post your charts below!
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by Altsignals
138
ETHEREUM - Do NOT Miss This Bottom! 🔥Ethereum is showing us a very VERY similar pattern to Bitcoin. Bitcoins has a strong support level at 30k which may be the reversal zone. We're not too far off and similarly, we're not too far off from Ethereums strong support level at 1700. Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying opportunities. Trade Idea: - Watch for any shorting opportunities back to the 1700 level (bear flags, break and retests) - Watch for bullish pressure at 1700 level - Enter with stops below the rejection - Target ATH's as first target. -0.27 as second target. Let us know if you have any other ideas!
by Altsignals
3
RIPPLE - Bottomed Reached.Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis! Now that we're at the bottom, what next? We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others join or we can move a little lower. For higher timeframe confirmation of reversal, we can wait for the descending red trendline to break. On lower timeframe, we can look for reversal patterns such as double bottom or descending wedges - which will tell us that there's a reversal coming. See below for our educational post on reversal patterns: Let us know what you think. Goodluck!
BINANCE:XRPUSD.P
by Altsignals
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SOLANA - When Will Bears Give Up?? 🧸Ever since Novembers high, Solana has been on a massive bearish wave. An indication that the bearish wave was coming was the daily divergence. Since the bearish wave has started, we can see a number of impulses (in light blue) and corrections leading lower and lower. Question now is: how low can Solana go? A good way to call the bottom is by looking at the other major Crypto such as Ethereum and Bitcoin. Once they find their bottom, we can assume that the crypto market will also find their bottom and recover. We can also look for a sharp move up which will indicate that the bearish momentum has ended or will end soon. For short term trades, we can look for any bearish corrections and get in on the break for quick profits lower. Goodluck!
by Altsignals
3
DAX - Divergence Matters ⚡️What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for countertrend trades. How to identify Divergence? When price is making higher highs, MACD (or RSI) will show lower highs = Divergence. We can see that the last time we saw a big divergence was in late 2019 - early 2020s. We saw DAX lose over 40% of its value in less than a month. We can see that we had another divergence recently and we're taking a tumble now. DAX so far have lost 5% of its value and could continue to lose a lot more. We have a structure level which will be a key area to look for break or bounce. It is likely that we will break it due to the momentum behind the recent moves. Trade Idea: - Watch for bearish corrections and enter with stops above that correction - Take quick profits on some of the positions and hold the rest incase we fall a lot more than last time See below for our previous NASDAQ analysis which played out perfectly! Goodluck!
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by Altsignals
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SOLANA - Nice Buy Setup! 🤩After our last sell setup for Solana hit target, we were looking for buy setups. After the break of the major descending red trendline, we are looking for buy set ups. We can see that we have created a descending correction and hit the 78.6 fibonacci. We can get in with a tight stoploss just below the fib and have major upside targets. Trade Idea: - Watch for break of the red descending trendline (for safe entry) - risk entry would be bounce off 78.6 fib - Stoploss below recent lows - Targets: 157.6, 165, 204 Goodluck!
by Altsignals
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SOLANA - SELLS DONE, BUYS READY ✅In our last SOL analysis, we had a short setup that played out perfectly and almost at TP and the -0.27 fibonaci target. We are seeing some bullish price action now so it would be a good idea to close the shorts and look for longs now. Trade Idea: - Watch for bullish candlestick formation such as bullish engulfing - Safe entry would be after the break of the descending red trendline - Stops below the price rejection - Targets: 205, 255, leave rest open See previous SOL analysis below: Let us know what you think. Goodluck!
by Altsignals
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STELLAR - Final Short Or Breakout?? 🚨Stellar is approaching a very interesting level where we may see a breakout or we may reject for the final time to reach our ideal buy area of 0.20. SHORT Trade idea: - Watch for lower timeframe trendline break - Enter with stops above recent high - target the 0.20 Breakout Trade Idea: - Watch for a break of the descending black trendline - Wait for a pullback and then enter with stops below the most recent rejection - Targets: 0.43, 0.80 Goodluck!
by Altsignals
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ChainLink - Fibonacci Plays ✅ChainLink recent gave us an ascending correction which indicated to us that there's a correction coming for more upside or a reversal. In this case we saw a correction in the for of a descending ABC channel, which is currently showing rejection at the 618 fibonacci level. Trade Idea: - Watch for a break of the descending red trendline for entry - Put SL below the recent lows - Target the fibonacci levels indicated: 0 and -0.27. Once we're at the bigger wedge resistance, we'll be looking for shorts. See below: Goodluck!
by Altsignals
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AMP - 3 Trade Ideas...AMP is approaching a level where we can either reject or breakout. If we do reject this level, the -0.27 fibonacci level would be next best place to look for buys. There's 3 ways you can trade this. 1. Breakout trade. Once price breaks the descending trendline, enter with stops below the lows 2. Short rejection trade. If price rejects the descending trendline and structure, enter shorts with stops just above the recent highs and target the -0.27 fibonacci level 3. Long term trade. If price comes back down to the -0.27 fibonacci level, enter with stops below the lows and hold your positions until all time highs. Let us know what you think. Goodluck!
by Altsignals
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POLKADOT - Watch For This Buy Zone!Polkadot could be making one more drop before we get to our ideal buy zone of $10. We appear to be in an ABC expanding correction now and looking for one more move down which we can capitalise on for the short term. Short Term Trade Idea: SHORT - Watch for bearish price action at the 32.5 to 33 level - Watch for ascending trendline break for an extra confluence - Enter with stops above the recent highs - Targets: 22.5, 17.5, 10 Longer Term Trade Idea: LONG - Watch for price to come back to the $10 level - Once bullish price action appears, enter with stops below the lows - Targets: 32.5, 54, 69, actively manage the rest Let us know what you think. Goodluck!
by Altsignals
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KRYLL - Beautiful Waves! 😍Kryll has been showing us some beautiful price action. We can see that since the major impulse in late October 2021, we've been in a massive correction consisting of smaller impulses and corrections. It is evident that the minor impulses down (marked in red arrows) are getting smaller and smaller, indicating that there isn't much momentum for the downside and that we may breakout to the upside very soon. Question now is whether there is another correction coming or whether its a major impulse to the upside. Trade Idea: - Watch lower timeframe trendline break (dashed trendline) - Enter with stops below the recent lows - If its another correction, take quick profits. If its an impulse, hold your trade to the highs of November 2021 and then actively manage your position. Goodluck!
by Altsignals
2