KISHU - Almost Ready! Kishu has been on a lot of peoples watchlist as one of the ones to watch for some quick gains! As it is at the very bottom, any movement up would be exponential gains so it may be worth it to put some in here at the bottom and hold. The downside is very limited but there's major upside gains to be made!
Trade Idea:
- Watch for a strong breakout and enter with stops below the recent lows
- If we move down once more, watch for a bounce off the structure level indicated and enter with stops below the low
- Target the October highs as first target and then HODL the rest
Altsignals
VET - Watch This Wedge 👀Our last VET analysis got invalidated due to the crypto crash. We had to zoom out and find out the meaning behind the madness.
We can see that price is in a wedge and approaching a level which we bounced off from 3 times. We could potentially bounce off it once again.
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.
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
We may not come back down to these prices for a long time, if ever. Be sure to get in at the best possible price and hold it!
NEO - Welcome To The Matrix From first look at this chart it can be overwhelming... But let us explain.
We look to be in a descending channel and respecting it well. It could be that we bounce from the current level back up to the 66 level. However, if we reject the channel resistance, we could make our way back to the 12 to 16 level where the 2021 bull run started. That would make for a great retest before moving higher.
Now that we have all the possible moves marked out, we just need to wait for one of the scenarios to play out and act accordingly.
In the meantime we can watch for a break of the descending trendline and target the channel resistance and then see how we react there before we either enter shorts back to the impulse generation level OR we hold our longs to the 66 level.
Goodluck!
SXP - Bounce?? 🤔SXP has recently bounced off the triple bottom as indicated on the chart.
Ideally we'd want a strong daily bullish engulfing candle to indicate a full reversal - which we didn't. This is why it's important to be cautious when entering longs from here. The best place to enter would be the 0.60 area where we have a strong level where price started its bull run.
IF we do get back down to 0.60, enter with stops below that level.
For now, we can look for bull flags on lower timeframe to take SXP back to the wedge resistance.
Goodluck!
CHILIZ - Simple.We can see that there's clearly a demand zone where price keeps bouncing off from. Naturally this would be the area to look for buys. Keep in mind that there may be chances of stophunts where price can wick below that level and quickly come back up.
For confirmation, wait for the red descending trendline to break.
Goodluck!
1INCH - The Lower The Better 😋1INCh is approaching the absolute lows and this may be bad for those that are holding their positions from the last bullrun. However, those that have not got any 1INCH, they are in luck! Once price finds its bottom, it would be good to buy some 1inch to hold until the next big bullrun. The downside is very limited but there's alot of potential to make upside gains!
Trade Idea:
- watch for price to bounce off one of the 2 levels indicated
- Enter with stops below that level
- Hold until atleast $7 or $7.5
Do you agree? Let us know your thoughts!
THETA - Watch These Levels...At the start of the year, we saw a beautiful impulse which pushed Theta up over 2000%. We have been stuck in a correction ever since but it appears we may see the end of the correction very soon.
We have 2 key areas which we are looking at.
First area: $3.60
We have the recent lows and the 78.6 fibonacci
Second area: $2 to $2.60
In this area we have the correction support.
Trade idea:
- watch for bullish price action at either of these 2 levels
- enter with stops below the reversal area
- Target $16 as first target and $20 for second target.
Please make sure to use alerts so that you can monitor when its close to reversal!
Goodluck.
ATOM - Moonshot!Atom is currently correcting towards 2 key structure levels where we are looking for a bounce.
Trade Idea:
- Watch for price to come to one of the levels indicated
- Wait for bullish price action
- enter with stops below the structure level
- Target the highs as first target
Goodluck!
ChainLink - A Monster Move Coming! 🤯ChainLink is currently within an ABC correction. We are approaching 2 areas of interest where we will be looking to buy and HODL.
First area: $14
We previously reacted to that level and bounced off strongly. We could potentially create a local double bottom and then move higher from there,
Second area: $8
Price reacted numerous time to that level. We also have the correction support there which is an added confluence.
Trade Idea:
- Watch for bullish price action at one of the 2 levels mentioned
- When entered, keep SL below the price where price bounced from
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Remember to place your alerts on both areas!
Goodluck!
POLKADOT - Do NOT Miss This 🔥🥵Polkadot is showing us clean price action and the buy zone is evident. We are currently in an ABC correction and anticipating the end of C wave shortly and the start of the next impulse.
We have the 0.88 fibonacci supporting our buy region as well as the double bottom.
Trade Idea:
- Watch for bullish pressure at around the $10 region
- Enter when there's a bullish Daily candle at buy zone
- Stops below $10
- Target recent highs as first target. -0.27 as second target. HODL the rest!
This trade should not be missed! Put your alerts on so you can stay up to date with DOT.
Goodluck!
XRP - Just Getting Started... (WEEKLY VIEW)XRP is approaching a key level where we may see the biggest wave (wave 3). We are currently in an ABC correction with the C wave possibly finishing at the double bottom region at 0.5.
Trade Idea:
- Watch for bounce at the end of C wave at the double bottom area (0.5)
- When bullish price action appears, enter with stops below the recent lows
- Target $1.90 as first target. Actively manage the rest. If this scenario is correct, we can see XRP soar to levels of $3 and higher!
Please see chart update for Daily Timeframe.
Please note that this is loosely based on Elliot wave theory and the extensions are not to scale. Will update this chart regularly once price action appears.
Goodluck!
DOGECOIN - Once In A Lifetime Opportunity 🌟Dogecoin has been difficult to read as of late but going to the higher timeframe, it can be seen that we had a clear impulse down and then an ABC correction and we're at the start of maybe another impulse down.
We have 3 major levels which we are looking at for a bounce.
First area: 0.17
Price bounced off this price multiple times and we are now showing some sort of rejection here
Second area: 0.8 to 0.9
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 (also has -0.27 fibonacci target)
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!
This may well and truly be the last chance to get into Dogecoin before we never see these low prices again. Pay close attention to this one!
CARDANO - Important Update 🚨After the recent crash in Crypto, the market has changed slightly. The corrective phase has just got bigger but we're still very much bullish.
For Cardano, we can see that the $1 level holds a lot of weight. On several occasions. price has reacted to the $1 level and successfully bounced from it. We are yet again approaching that level and we have a number of confluences supporting our bullish reversal idea.
We have:
- bearish fibonacci target of -0.618
- Corrective channel support
- Major structure level $1
Trade idea:
- Watch for price to hold the $1 level
- On the bounce, enter with stops below $1
- Target the recent highs as first target and then hold the rest and manually manage the position
This bounce may be the one that takes us to another ATH - lets not miss this!
Altcoin Market UpdateAn update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading higher.
0.618 was a previous point of rejection during this massive bull run. If 1.618 is hit this will likely act as a rejection point as well.
UP!
Wrapped NCG - Short Lived Hype?WNCG saw a rise of almost 500% in 2 weeks recently, but it appears just as soon as the excitement started kicking in, things reversed drastically. WNCG has already lost 50% of its value.
To SHORT WNCG, watch for bear flags and take it down to the structure level indicated.
To LONG WNCG, watch for a bounce at the structure level. If we break the structure level, bullish reversal play will be invalidated.
RMRK - Watch For CorrectionRMRK has been in a nice uptrend and has had clear bullish corrections.
Trade Idea:
- Watch for the next clear correction
- Enter on breakout of correction
- put SL below the correction
Actively manage your trade as there's no previous price action to tell us where this may end up!
CARDANO - MOON!We are in a series of impulse and corrections and it appears the correction has maybe ended and we are at the start of an impulse.
Cardano hit the wedge support and is bouncing off nicely. We also have the 78.6 fibonacci which we bounced from.
Trade idea:
- Enter with stops below the wedge
- Target the highs as first targets, -0.27 as second target and HODL the rest
This is one trade that is not to be missed!
DOT - Multiple Fibonacci Breakout!DOT recently bounced of 2 fibonacci levels.
The bigger fib was drawn from the lowest point to the highest point (pink fibonacci).
The smaller fib was drawn from the recent higher low to the highs (blue fibonacci).
This indicates to us to that there's bullish buying pressure now. We also so a breakout of the red descending trendline indicating to us that the bearish trend has ended.
Trade Idea:
- Watch for bull flags on lower timeframe
- When entered, put SL below the fibonacci level
- Target recent highs as first target, -0.27 as second target
Goodluck!
AKRO - Another Breakout 🎯AKKRO is currently within a parallel channel and approaching the channel support. The last time we saw similar price action, we broke out in excess of 100%. Anticipating a similar breakout this time round.
Trade Idea:
- the best place to enter would be at the channel support. If we dont get there, watch for a strong breakout
- Stops below the parallel channel
- Target recent highs as first TP and channel resistance as second TP
Be sure to use proper risk management on this trade as we'll require a bigger SL if we break out early. Keep that in mind. Goodluck!
POLYLASTIC - See Something Familiar? 🤔POLX is making some really interesting price action.
If you look at the price action in the grey box, they look almost identical. The last time we saw that price action, we broke out around 250%! We could be seeing another breakout like this very soon.
Trade Idea:
- Watch for a break of the descending red trendline
- Enter with stops below the major ascending black trendline
- Target highs as first TP and then manually manage your other position
Keep an eye out for bull flags on lower timeframe for additional entries!
DOGECOIN - BREAKOUTIt could be time that Dogecoin finally breaks out! We've been looking for Dogecoin to move up for some time and now it seems to be making more sense.
We had that push up late July and now we're in an ABC correction ready for the next impulse.
Trade Idea:
- Entry with stops below the lows (0.1820)
- Target the corrective resistance as first TP (0.33) and HODL the rest
SXP - Watch This Breakout!SXP is currently within a channel and anticipating another move up to the channel resistance.
We have a red descending trendline in place which we can watch for confirmation.
Trade Idea:
- Risk Entry now
- Safe entry after the break of the red descending trendline
- Stops below the channel and 78.6 Fibonacci
- Target the recent highs as first TP and -0.27 as second TP. HODL the rest
We might be at the start of another bull run so leave one position open!
XRP - Don't Miss This!In our last XRP analysis we mentioned that we had 2 reversal areas - one of which was the double bottom.
Price bounced off that structure level perfectly, completing the ABC correction which means... time for the next impulse!
Trade Idea:
- Enter with stops below the 61.8 fibonacci
- Target the highs as first TP, -0.27 as second TP and HODL the rest.