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!
Altsignals
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!
SHIB - Buy On Break! SHIB recently rejected the 78.6 where we believe it has found its bottom. We are now waiting for a breakout of the ABC correction that we're currently in.
Trade Idea:
- Enter on breakout
- Stops below the lows
- Targets: use the swings as targets with ATH as main target
Goodluck!
DOGECOIN - Return Of The Doge 🐕Dogecoin saw a massive impulse in 2021 and now we're on the verge of what could be a similar sized impulse.
We're in a descending ABCDE wedge now and almost at the wedge support where it would be the best place to buy.
Trade Idea:
- Watch for bullish pressure at the double bottom or wedge support
- Enter with stops below the lows
- Targets: 0.34, 0.5, 0.72, actively manage the rest
Dogecoin 4H
Goodluck!
KISHU - READY TO BREAKOUT 🚀The long awaited breakout for Kishu is here.
We're in a descending correction and approaching the final lows. Massive potential for a move up!
Trade idea:
- Watch for bullish price action at the double bottom or wedge support
- enter with stops below the lows
- strap in for a massive bullrun!
KISHU 4H
Let us know what you think.
Goodluck!
FIL - Familiar Breakout.. 🤓FIL is showing us a price action that looks really familiar. In 2020, we had a descending trendline (black) which broke out and then we had a minor descending correction (red) which lead to a double bottom before we had a bullish run.
Similarly, we have having exactly the same sequence of events. The next step based on past price action would be a breakout and a bullrun.
Trade idea:
- Watch for price to break out of the descending correction (red)
- enter with stops below the double bottom
- Targets: 114 - 200 - HODL the rest
Let us know what you think.
Goodluck!
STELLAR - BUYS READY 🚀Stellar is at a very nice level to buy. We're in a wedge and approaching the wedge support and double bottom.
Trade Idea:
- Watch for bullish pressure
- Enter with stops below the wedge
- Targets: 0.42, 0.77, actively manage the rest
Goodluck!
NEO - Reversal Wedge Breakout! 🚀NEO is showing us a nice reversal wedge. We're currently on the E wave approaching the 2021 Impulse Generation Level.
We may not get there - if we break early, watch for the descending wedge to breakout.
Trade Idea:
- Enter on break of descending wedge with stops below the lows
- If we make it down to the structure level, watch for bullish PA and then enter with stops below the lows
- Targeting the 66 level but will be taking positions off gradually
Goodluck!
RIPPLE - SELLS DONE ✅ BUYS READY ✅Ripple has reached our buy zone and now we're looking to buy XRP. For a safe entry we will be waiting for the breakout of the red trendline.
Trade Idea:
- watch for a breakout of the red descending trendline
- Stops below the recent lows. Safer stoploss below the 0.54
- Targets: 0.9, 1.14, actively manage the rest
Goodluck!
ICP - The Breakout. ICP is within a descending correction and we're in the E wave now. Sometimes the E wave can fall short so we should be prepared if we breakout early.
Risk entry would be a break of the descending trendline. Ideally we'd want ICP to make another low but we should be prepared for both scenarios.
Trade Idea:
- simply wait for the breakout and enter with stops below the lows
- If we drop lower once more, watch for lower timeframe trend reversal patterns e.g. bullish engulfing candles on 4H. Enter then with stops below the lows
- Targets: 37, 57, actively manage the rest
Goodluck!
SXP - Double Bottom.. Lets Go! 🔥SXP was in a descending reversal wedge and we saw the 5 waves down and now we've seen a double bottom indicating buying pressure.
Trade Idea:
- Enter now with stops below the double bottom
- Targets: 1.6, 2.3, 3, actively manage the rest.
Goodluck!
ETHEREUM - 5th Wave BUYS ⚡️Ethereum already started its bullrun and we are currently seein the 5th wave of the First impulse. Expecting the 5th wave to be 5 waves.
Trade Idea:
- Watch for breakout of the current bullflag
- Enter with stops below the bullflag. For safer stops, put it below the structure level
- Count the next 3 waves (of 5) and exit on the 5th wave.
Goodluck!
