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!
Altsignals
LITECOIN - Still On Track For $100 BUYSIn our last Litecoin analysis, we identified the buy zone of $100 where we have many confluences supporting our long term buy idea.
We are looking for one more move down and it looks like we may get that as we appear to be in an ABC expanding correction. See below for the lower timeframe analysis:
Once we reach the $100. we can look for buys.
Goodluck!
ETHEREUM - Quick Scalps ⚡️Ethereum is showing us some really nice impulse and corrections and appears we are at the bottom of a correction now and ready for the next impulse.
Trade Idea:
- Enter with stops below the 50 fibonacci (risk entry)
- For confirmation, wait for the break of the red descending trendline (safe entry)
- Target the recent highs as first target and then the -0.27 fibonacci as second target
Let us know what you think. Goodluck!
CAKE - Bottoming Out! ⚡️In our last analysis, we were waiting for price to reach the $10 level. We are now there and looking for bullish price action to indicate reversal. We can see that we're in a wedge pattern and looking for a break out of the wedge for confirmation.
Trade Idea:
- Risk entry = bounce off double bottom
- Safe entry = wait for wedge breakout and then enter
- stops below the lows
- Targets: 17, 26, 44
Goodluck!
MATIC - Round 3 🤑Matic has been in a steady uptrend and we've seen a correction leading to the 61.8 fib and ascending trendline twice before. We are now seeing the same setup for a third time!
Trade idea:
- Watch for bounce off the trendline and 61.8 fibonacci
- enter with stops below the trendline
- Target the -0.27 fibonacci
See below for our last 2 Matic analysis:
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!
FLM - Back At The Bottom!After our last FLM analysis, price broke out but then came back down to revisit the bottom. We can see that we're in yet another descending correction which could lead to a break to the upside.
We saw a similar pattern happen on Bitcoin last year, which broke to the upside to create new ATH's. See below:
Trade Idea:
- Watch for break of the descending correction
- Enter with stops below the recent lows
- Targets: 4, 7, actively manage the rest.
Goodluck!
Kadena - Second Level Incoming!In our last analysis, we identified 2 areas where Kadena can reverse from. Our first level failed to hold and so now we are looking at the -0.27 fibonacci level. For confirmation, we can wait for daily bullish candle and to go further, we can wait for the break of the descending trendline to confirm reversal.
The key level to look at is the 3-4 area where we're anticipating a reversal.
Goodluck!
POLKADOT - Buy Before Sell 💰 We have a great opportunity for short term trades for Polkadot with very minimal risk. We have both a buy setup and sell setup.
Buy Setup:
- Watch for a break of the red descending trendline
- Enter with stops below the recent rejection
- Target the -0.618 fibonacci
Sell Setup:
- When we get to the -0.618 level, watch for rejection
- Enter on rejection with stops above the highs
- Targets: 23, 16, 10
Let us know what you think. Goodluck!
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!
AVAX - Watch For This Breakout 🔥Avax broke out once it reached our structure level at 80. We are now seeing an ABC correction for another move higher.
Trade Idea:
- Watch for break of descending red trendline and enter with stops below the recent lows
- Risk entry would be now with stops below the 618 fibonacci
- Take your positions off at each of the fib levels: 0, -0.27 and 0.618
Goodluck!
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!
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!
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!
JASMY - Eyes On Double Bottom! 👀Jasmy is approaching the ideal place for reversal which is the double bottom region at 0.0600. Keeping an eye out for a double bottom reversal. We may also break out early - if we do, watch for a bullflag after breakout to get in.
Trade Idea:
- Watch for price to approach the double bottom region
- Once bullish price action appears, enter with stops below that level
- Targets: 0.095, 0.115, actively manage the rest
Goodluck!
ALPHA - EASY Breakout Trade! 🚀In our last Alpha analysis, we had our first breakout trade which played out really well, amassing almost 400% raw gain! (See chart for idea)
Once again we find ourselves at another descending correction and watching for a breakout. We have 2 structure levels which we are focusing on. If the current structure level fails to hold, watch the lower structure level.
Trade Idea:
- Watch for breakout
- Enter with stops below the recent lows
- Targets: 1.300, 1.500, 2.400, actively manage the rest.
Goodluck!
1INCH - Parabolic Breakout?! 💸1INCH has bounced off one of the 2 levels we mentioned before in our previous post. We can see that the parabolic curve is flattening, indicating that we may be breaking out soon.
For confirmation of breakout, wait for the break of the parabolic curve.
Trade Idea: (if you haven't entered on the bounce of structure already)
- Watch for breakout of parabolic curve
- Enter with stops below the recent lows
- Targets: 3.800, 5.500, 7.500, hold the rest
What do you think? Let us know below!
Goodluck!
AVAX - Bulls Stepping In! 🔥In our last AVAX analysis, we mentioned that we would see one more push down for the C wave completion.
We've reached out target area for buys now and already seeing nice bullish pressure.
Trade Idea:
- enter with stops below price rejection
- Targets: 125, 145, actively manage the rest
Please bare in mind that price may come down to retest the 50fib again before moving up.
Goodluck!
DOGECOIN - What's Next? 👀In our last analysis we had 3 levels where we were looking for reversal. The most recent level of 0.17 failed to hold so now we look at the next level which is the 0.08 level.
It's important to note that we want to be reactive whilst also being proactive. Proactive in the sense that we look for areas of interest where price may react. Reactive in the sense that we have a plan for when price does react to an area of interest.
First area: 0.17 (FAILED TO HOLD)
Second area: 0.8 to 0.9 (Next area of interest)
It was previous a level dogecoin failed to break. This could hold some relevance if price gets back here and may act as a support for the next bounce.
Third area: 0 to 0. 01 (Unlikely Scenario)
Depending on how you see it, this could either be the best case scenario or the worst case scenario.
Best case: if you're not holding any Dogecoin at the moment and want to get in and stock up. If bought near 0, any move up would mean exponential gains for your portfolio!
Worst case: If you are holding Dogecoin and your portfolio is bleeding. However, this may just be a blessing in disguise as it can be an opportunity for you to get more Dogecoin!
Trade Idea:
- Watch for bullish signs at the next area of interst
- Safe entry on break of long term descending trendline
- stops below the most recent price rejection
- Targets: 0.34, 0.70, hold the rest.
Goodluck!
RIPPLE - The Time Is Near... ⏱🚀It is almost time for us to look for buys for Ripple. In our last Ripple analysis, we were looking for one more move down back to the 0.50 to 0.55 level. See previous analysis below:
Currently we appear to be in an ABC correction and nearing the end of C wave. After the completion of C wave, we are anticipating the next impulse (which is going to be a big one!)
We are fast approaching that level and the weekly timeframe is indicating that there is a MASSIVE bullish move coming. See below:
In Elliot wave theory, the 3rd motive (impulse) wave is always the biggest and we may see that for the next bullrun. This is one trade that should not be missed!
Trade Idea:
- Watch for price to come back down to the 0.50 to 0.55 level
- Look for bullish price action and that level to hold
- Enter with stops below that level
- HODL. This could be it. Moonshot.
Do you agree? Got another view? Let us know below.
Goodluck!
BITCOIN - Time To Watch Closely!Following on from our last couple of posts where we posted short term Bitcoin shorts, we are approaching our target level of 40K.
We've mentioned previously that the main areas to look for reversal were the 40k and the 30k. As we're approaching the 40K now, there are a few things that have to come together in order for us to have a confirmed reversal.
We must:
- Show bullish reaction (strong daily bullish candle)
- Break the risk trendline (for risk entry - see below for risk entry chart)
- Break the descending trendline (for confirmation of reversal)
Only when we see those things happen, we can see a confirmed reversal.
Please remember that if we do break the 40k level, it is likely we'll see the 30k as mentioned in our previous post.
Risk trendline:
Higher timeframe analysis:
Let us know what you think! Goodluck.