Binance Coin - Watching for BREAKOUTBNBUSDT has almost always been above the 200EMA apart from the one time it spiked below but quickly recovered itself. We are now approaching the 200EMA and previous lower timeframe structure where price could possibly start another bullish leg.
Price can potentially move lower which is why we this will be a breakout trade - we enter on the break of the trendline with stops below the correction.
Altsignals
Binance Coin - Watching for BREAKOUTBNBUSDT has almost always been above the 200EMA apart from the one time it spiked below but quickly recovered itself. We are now approaching the 200EMA and previous lower timeframe structure where price could possibly start another bullish leg.
Price can potentially move lower which is why we this will be a breakout trade - we enter on the break of the trendline with stops below the correction.
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area.
We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge.
Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
CARDANO - Bullish Reversal!Cardano is approaching an area of interest where we believe has the highest probability of reversing. We are approaching the 1.23 level within a falling wedge which is typically a reversal pattern. We also have the 78.6 fibonacci level and we are above the 200EMA. All these confluences give us a high probability chance that ADAUSDT may reverse in that area.
We will be looking for a break of trendline on the lower timeframe near the 78.6 fibonacci level. The first targets will be the previous high and stops will be below the wedge.
Have a look at our educational post on how to identify and trade wedge patterns - see linked chart below.
BITCOIN - The Future Hangs On 30KBitcoin is approaching 30K where we will either continue to see the crash of crypto or we'll see a rebound. 30K has previously acted as a major spring for the incredible bull run we had this year. Once again we may see another bull run like this.
Will watch to see how price reacts at 30K and depending on price action, we can either buy at 30K or continue to sell at 30K. This week will be the decider!
BITCOIN - The Future Hangs On 30KBitcoin is approaching 30K where we will either continue to see the crash of crypto or we'll see a rebound. 30K has previously acted as a major spring for the incredible bull run we had this year. Once again we may see another bull run like this.
Will watch to see how price reacts at 30K and depending on price action, we can either buy at 30K or continue to sell at 30K. This week will be the decider!
ALPHA - Approaching Buy Area!In our previous analysis we were waiting for Alpha to move down more to our buy area between 0.3 and 0.5. We are now approaching that area in a descending correction which is often a reversal pattern.
We will be waiting for a breakout and entering on the break with stops below the correction.
ALPHA - Approaching Buy Area!In our previous analysis we were waiting for Alpha to move down more to our buy area between 0.3 and 0.5. We are now approaching that area in a descending correction which is often a reversal pattern.
We will be waiting for a breakout and entering on the break with stops below the correction.
LITECOIN - A 200% Move Coming!From the chart you can clearly see the different phases of the market - Impulsive & corrective phases. We've seen several bullish corrections this year and we look to be in another one. This pattern is almost identical to the one we had in January 2021 which ended up topping off at 205% increase from the breakout!
We could be in a very similar situation here. Pay a close attention to when price breaks out of the wedge!
LITECOIN - A 200% Move Coming!From the chart you can clearly see the different phases of the market - Impulsive & corrective phases. We've seen several bullish corrections this year and we look to be in another one. This pattern is almost identical to the one we had in January 2021 which ended up topping off at 205% increase from the breakout!
We could be in a very similar situation here. Pay a close attention to when price breaks out of the wedge!
XRP - Breakout Needed!Ripple has been really boring as of late with not much happening. We are now at a very critical time where we can see price being squeezed within a flat triangle pattern. We'll be watching for a breakout in either direction to tell us what the next move is going to be and then follow the short term trend to either side of the parallel channel.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
XRP - Breakout Needed!Ripple has been really boring as of late with not much happening. We are now at a very critical time where we can see price being squeezed within a flat triangle pattern. We'll be watching for a breakout in either direction to tell us what the next move is going to be and then follow the short term trend to either side of the parallel channel.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
ChainLink - Falling... Wedge.LINKUSDT is giving us a really nice pattern where we can look for both shorts and longs. For short, we are anticipating price to go down to the double bottom region atleast to complete the falling wedge pattern. For Longs, we're waiting for a break of the wedge pattern and we'll look to get in on the first correction.
ChainLink - Falling... Wedge.LINKUSDT is giving us a really nice pattern where we can look for both shorts and longs. For short, we are anticipating price to go down to the double bottom region atleast to complete the falling wedge pattern. For Longs, we're waiting for a break of the wedge pattern and we'll look to get in on the first correction.
US30 - Another 30% Drop??After the massive drop during the pandemic in March 2020, US30 managed to recover all of its loss and managed to create new highs. We are now at a significant level now where price can either continue pushing higher or we could turn bearish . It's important to note that the FED announcement is today which will have a big impact .
Keep a close eye on the the 34100 level and if we make a clean break below, we can be bearish on US30. If not, we will continue to buy.
US30 - Another 30% Drop??After the massive drop during the pandemic in March 2020, US30 managed to recover all of its loss and managed to create new highs. We are now at a significant level now where price can either continue pushing higher or we could turn bearish. It's important to note that the FED announcement is today which will have a big impact.
Keep a close eye on the the 34100 level and if we make a clean break below, we can be bearish on US30. If not, we will continue to buy.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
SHIB - Breakout Scalp!In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!
SHIB - Breakout Scalp!In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!