KADENA - EASY SETUP 🚀Kadena is showing us a very simple and easy setup. We had an impulse and now we're in an ABC correction, which will be followed up by another major impulse. Only question is where will the C wave stop.
We have 2 areas where we are looking for the end of C and the start of the impulse.
First area: 8.5 to 9
Double bottom area
Second area: 3.3 to 4
-0.27 fib
Trade Idea:
- Watch for the completion of C wave at one of the 2 areas mentioned
- Enter when bullish price action appears
- Put stops below the rejected price
- Targets: 28 - 33 - Hold the rest
Goodluck!
Altsignals
FIL - Oddly Familiar... 🧐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!
ETHEREUM - Quick Shorts 🤫In our last ETH analysis, we had a higher timeframe overview and indicated that we are waiting for a reversal at the fib levels.
Whilst we wait for price to come down to those levels. we ca capitalise on shorts back to that area.
Trade Idea:
- Price is currently in a parallel correction.
- Wait for red ascending trendline to break and enter
- Put SL above the current correction
- Target the 618 and 786 fib respectively
Here's our higher timeframe overview:
Goodluck!
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
log chart and
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
TRON - Parabolic Breakout?Tron appears to be respecting a parabolic curve and we are approaching 2 significant areas of interest, as shown in the chart.
Trade idea:
- Watch for a strong breakout above the parabolic curve
- enter with stops below the most recent price rejection
- target recent highs as first target and continue holding until there's strong price rejection
Goodluck
STELLAR - Bearish Pennant Shorts!Our last analysis was a higher timeframe analysis of Stellar and we found that we were in an ABC correction with 2 possible areas of interest, with one being unlikely. See below:
Currently we appear to be in a bearish pennant for one last move down.
Trade Idea:
- Watch for strong bearish candles on lower timeframe or a correction
- Enter on break of correction with stops above the pennant
- Target the 0.20 where we will be looking for a reversal
Goodluck!
BITCOIN - One Last Short!In our previous Bitcoin analysis, we identified 2 areas that Bitcoin could potentially bounce from; 40k and 30k.
We could be making one last move down before we reach one of those 2 areas. Price created a 3-3-5 bearish correction and made its way lower. We are now seeing a minor ABC correction and watching for that to break down. We have the 38.2 fibonacci and descending trendline which could be the rejection area for Bitcoin.
Trade Idea:
- Watch for the completion of the C wave and the next impulse down
- Enter on break of correction with stops above the recent highs
- Target 42500 - 40000 - maybe 30000 if there's enough bearish momentum.
Goodluck!
SRM - CLEAR BUYS! 🔥🔥The weekly chart of SRM is showing us clear signs of a reversal coming very soon.
We can see that we had a massive impulse until end of May and since then, we've been in a massive expanding ABC correction.
We are now approaching the 0.88 fibonacci which is also the completion of the C wave of our expanded correction.
Trade Idea:
- Watch for price to come to the 2.50 level and watch for bullish price action
- when price bounces off, enter with stops below the 0.88 fibonacci
- Target ATH as first targets and then the $17 region
This could be a really quick massive move!
Bitcoin Cash - SHORTS Target Hit. What's Next? 🚀Following on from our last analysis on Bitcoin Cash, we reached TP and now we are expecting a reversal very soon. We are approaching a very strong level where we have multiple confluences to buy.
Trade Idea:
- Watch for strong bullish price action at the $380 level
- Enter with stops below price rejection
- Target 800 as first targets and HODL the rest!
What do you guys think?
Goodluck!
ChainLink - Final Shorts! 💸Our last analysis on ChainLink was a higher timeframe analysis where we indicated the reversal point. We appear to be in a really clean bearish correction and anticipating one last short to the 88 fib and structure before starting the monster bullrun.
See weekly chart below:
Trade idea:
- Watch for a break of the red trendline
- enter with stops above the correction
- Target the structure level which is also the 88 fibonacci
See our last ChainLink analysis below:
BINANCE COIN - Look Familiar?? 👀Binance Coin is within a really clear descending wedge, with the completion of the wedge falling in line with the 61.8 fib and the ascending trendline. We saw almost an identical price action before in September 2021.
SHORT Term Trade Idea: SHORT (See chart update for lower timeframe setup)
- Watch for breakdown of bear flag and enter
- SL above the recent correction
- Target the 61.8 fibonacci
LONG Term Trade Idea: LONG
- Watch for bounce off the ascending trendline and fibonacci
- Enter with SL below the trendline
- Target recent highs as first target and HODL the rest
Goodluck!
ChainLink - Approaching Entry!LINK is fast approaching our entry area. In our last analysis, we had 2 areas of interest but since then, we've had new price action tell us that the best area for reversal is the $14 area, where we also have the 88 fibonacci and structure.
Trade Idea:
- Watch for bullish price action at $14 area
- When entered, keep SL below the price that level
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Be sure to set alerts on your chart so you don't miss this!
ICP - Reversal Wedge!Some more price action has appeared which has given us more of an indication as to what may happen next. We are seeing a descending wedge, which is often a reversal pattern. Looking for ICP to make one more move down before we load up for buys!
Short Term Trade Idea (SHORT):
- Watch for a break of the ascending trendline on lower timeframe
- Enter with stops above the recent correction highs
- Target the 10-12 area
Swing Trade Idea (LONG):
- Watch for strong bullish pressure at the -0.618 level (10-12)
- Enter with stops below that level
- Safe entry after the break of the descending wedge
- Target the recent highs as first target and hold the rest!
Let us know what you think. Goodluck!
AVAX - Important BUY ZoneOur last 3 Avax analysis were spot on. In our last AVAX analysis, we were bullish from the $80 level. Price went on to move up 85% before creating a correction.
We are now seeing an ABC correction with the completion of C approaching.
Trade Idea:
- Watch for bullish price action around the 75-80 level (we have the 50 fibonacci and structure supporting the bounce)
- Once bullish price action appears, enter with stops below that level
- Target the recent highs as first target, leave the rest running
Goodluck!
ETHEREUM - DCA 2022 LEVELS 🚨Following on from our last ETH analysis, we are still on track to hit our fibonacci levels that we mentioned in our previous post. Key areas to look out for is the 61.8 fibonacci and the 78.6 fibonacci.
Trade Idea:
- Watch for price to come down to the fibonacci level and show bullish price action
- Enter with stops below that level
- target ATH as first targets, -0.27 fib as second target and HODL the rest
Let us know what you think!
XRP - Who's Ready? 🚀In our last XRP analysis. we provided a weekly timeframe and mentioned that we're only just getting started. See below:
We were waiting for XRP to move lower and it appears that we may be on the final leg down to our ideal entry zone for BUYS.
Looking for buys around the 0.50 to 0.55 level. Targeting $5 and above.
We'll update closer to the entry time. Keep an eye on this!
POLKADOT - Heading Towards Entry Full Steam! 🔥In our last Polkadot analysis, we were short and we were targeting the $10 level.
We recently saw a really nice ABC correction and heading lower now. If you want to enter now, you can but you'll require a fairly big SL to cover your position. SL above $33 with TP $10.
Let us know what you think!
BITCOIN - BUY AND HOLD TO $100K! 💸Its becoming more and more evident that Bitcoin could drop a little more lower before we have our bullrun. We recently saw a very complex bearish correction (3-3-5) which made Bitcoin move lower.
We are now approaching 2 very strong areas of interest. We have the 40K level and the 30K level. When price moves towards one of those areas, watch for bullish price action and enter with stops below that level.
Could be the start of the bullrun that takes Bitcoin to 100k+
Let us know your thoughts below!
Goodluck.
CARDANO - Second Chance? ⭐️In our last Cardano analysis, we were waiting for a breakout which we got. Price moved up 30%! If you didn't manage to catch that trade, that's okay. We may get a second chance!
Price is still within the descending channel (reversal pattern). We could potentially be making a 5 wave corrective price action back to the $1 level where we have our perfect Buy level. If price doesn't reject the descending channel and 50 fib, hold your longs as it means that we've broken out already.
Trade Idea:
- keep an eye on the descending channel and 50 fib for rejection
- IF we do reject, watch for price to come back down to the $1 level
- Watch for bullish price action at $1 and enter with stops below that level
- Target the recent highs as first target and then hold the rest and actively manage the position
What do you guys think?
SOLANA - Moonshot? 🚀Solana is at a very interesting level at the moment. We could be seeing a breakout very soon BUT there are reasons to consider shorting Solana once more before going long.
Confluences for SHORT:
- the 50 fibonacci
- Descending channel resistance
- the -0.27 fibonacci lines up with the previous lows where we're looking to take buys
How would we approach this?
If we see a breakdown, we can enter shorts with SL above the recent highs. If we continue seeing a bullish breakout, we can enter on the first bullflag we see and hold on to dear life cos its very likely we'll be shooting for the moon!
Let us know what you think in the comments!
Goodluck.
GOLD - Biggest Trade Ever!GOLD is setting up for what could be the biggest trade of 2022.
We can see that we've had a major impulse starting from late 2018 through to mid 2020. After which we were and still in a correction but that looks to be coming to an end soon. We have multiple confluences indicating that we may see strength soon at the 1680 level. These are:
- Ascending trendline
- the 61.8 fibonacci
- Structure
At this very moment we seem to be in a bear flag on the lower timeframe. We can take advantage of this shorting opportunity before we arrive at our ideal level to buy Gold!
Short Term Trade Idea (SHORT):
- On lower timeframe, look for bear flags
- Enter on break of correction with stops above the correction
- Target the 1680 level
Long Term Trade Idea (LONG)
- Watch for price to come to the 1680 level
- Watch for bullish price action
- Enter with stops below the anticipated bounce
- Targets: 2070 - 2240
Let us know what you think in the comments! Goodluck!
POLYLASTIC - Bottoming Out! Polylastic looks like a really good buy as we're near the absolute lows. We have a parabolic curve which is flattening indicating that there may be a breakout very soon. Ideally we'd want to see one more drop before we move higher.
Trade idea:
- watch for a strong break out and enter with stops below the lows
- If we move down once more, watch for bullish price action at the double bottom region.
- Enter with stops below the double bottom
- Targets: 0.24 - 0.44 - 0.8
Goodluck!