ETHEREUM - Deeper Correction For A Bigger Move
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time.
For confirmation that the correction has ended, watch the descending trendline for a breakout.
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The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time.
For confirmation that the correction has ended, watch the descending trendline for a breakout.
Full Chart
XRP - Is This The End? 💀
Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
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Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
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BITCOIN - The Future Of Bitcoin Hinges On $40k - $42K
After the huge move down recently, we are now at a pivotal point for Bitcoin . The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
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After the huge move down recently, we are now at a pivotal point for Bitcoin . The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
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BTC CHINA NEWS - Whats next?
Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and is on it's way lower.
The question we need to ask now is Where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
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Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and is on it's way lower.
The question we need to ask now is Where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
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Litecoin - Reversal Zones
Similarly to Bitcoin , Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom.
From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
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Similarly to Bitcoin , Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom.
From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
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Cardano - Approaching Key Level - ADAUSDT
In our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish . We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down.
We are now approaching another key level where we have multiple confluences:
- Major trendline
- 200EMA
- Previous structure
On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
Full Chart
In our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish . We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down.
We are now approaching another key level where we have multiple confluences:
- Major trendline
- 200EMA
- Previous structure
On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
Full Chart
Ripple - Watch For Bulls - XRPPERP
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Full Chart
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
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AltSignals.io Analysis 🎯
Ripple - Watch For Bulls - XRPPERP Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet! On the lower…
XRP Picked up by Bulls perfectly 27% Raw Gain ✅
DOGECOIN - The MEME Isn't Over Yet 🙂
Following the major moves brought on by Elon, we have now resumed back to normal technical moves for Doge. We can see that we're in a descending wedge where price rejected the 100EMA and the bottom of the wedge .
Price is being squeezed now and a break of the wedge and the 0.36 level will confirm the bullish breakout of this meme coin.
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Following the major moves brought on by Elon, we have now resumed back to normal technical moves for Doge. We can see that we're in a descending wedge where price rejected the 100EMA and the bottom of the wedge .
Price is being squeezed now and a break of the wedge and the 0.36 level will confirm the bullish breakout of this meme coin.
Full Chart
AltSignals.io Analysis 🎯
Ripple - Watch For Bulls - XRPPERP Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet! On the lower…
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AltSignals Technical Analysis - Watch for XRP Bulls 😎
We go through a quick technical analysis on XRP (Ripple) and where is it heading!💰
Keep up to date with our videos so you can catch these big moves!🤑🔥
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Keep up to date with our videos so you can catch these big moves!🤑🔥
You can Find our Indicator and Binance Futures signals on our website below...
Make sure to like, subscribe…
👀SRMUSDT - Sellers Domain - Reversal Soon??
In technical analysis , when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend.
From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom.
A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
Full Chart
In technical analysis , when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend.
From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom.
A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
Full Chart
BInance Coin - April Gains Cancelled! What's Next? 🤔
In recent events, BNB dove off a cliff but found support at the major impulse generation point - cancelling all the gains it made since end of March 2021. As price didn't make a lower low on the bigger timeframe, it's safe to say that we still are in an uptrend and that this was a correction on the bigger timeframe.
Watching for price to break through the $400 barrier where we've seen price react before.
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In recent events, BNB dove off a cliff but found support at the major impulse generation point - cancelling all the gains it made since end of March 2021. As price didn't make a lower low on the bigger timeframe, it's safe to say that we still are in an uptrend and that this was a correction on the bigger timeframe.
Watching for price to break through the $400 barrier where we've seen price react before.
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ETH NEXT STAGE - Grinding Upwards 📈
Following our last ETH analysis, we were anticipating a rejection of the lows. Price pierced the low and then made a bullish reversal. Currently, price is making a series of bullish break and retests and is grinding on higher and higher.
As long as price respects that structure, we can work our way back to the very top! Look closely for bull flags and retests on the lower timeframe.
Full Chart
Following our last ETH analysis, we were anticipating a rejection of the lows. Price pierced the low and then made a bullish reversal. Currently, price is making a series of bullish break and retests and is grinding on higher and higher.
As long as price respects that structure, we can work our way back to the very top! Look closely for bull flags and retests on the lower timeframe.
Full Chart
AltSignals.io Analysis 🎯
👀SRMUSDT - Sellers Domain - Reversal Soon?? In technical analysis , when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the…
SRM Up 30% Since Analysis ✅
CARDANO - Bulls Making A Comeback - ADAUSDT 😋
In our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this.
A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs!
We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
Full Chart
In our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this.
A few important things to keep an eye on for Cardano is the 1.85 level where we have previous structure that lead to a 40% drop. Once we clear 1.85, we can possibly hit new highs!
We are currently in what looks to be a bullish correction. For a risk entry, we will be watching the 1.600 level to break to take this higher.
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ALPHA - Perfect Waves - ALPHAUSDT 🏄
The price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections.
We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now.
For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
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The price action for Alpha has been clean. We can see that it has been following the fundamentals of wave analysis - 5 wave impulses, 3 wave corrections.
We can see that the impulse from February is identical to the impulse we just had - both in size of drop and duration of impulse. We can possibly see the start of a bullish move now.
For confirmation, we will be looking at a break of the $1 mark which would change the structure from bearish to bullish.
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BITCOIN - Key Structural Point - Watch Closely! 👀
From our last Bitcoin analysis, not much has changed. We are still between 2 important levels $30K and $42K. The more important level to keep an eye on is the $42K level as that is the recent bearish swing point. If we manage to break that, the structure will shift from bearish to bullish.
We will keep a close eye on this and update as it progresses.
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From our last Bitcoin analysis, not much has changed. We are still between 2 important levels $30K and $42K. The more important level to keep an eye on is the $42K level as that is the recent bearish swing point. If we manage to break that, the structure will shift from bearish to bullish.
We will keep a close eye on this and update as it progresses.
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RIPPLE - Bull Flag BREAKOUT - XRPPERP 🚀
Following our last XRP analysis, price pushed up 62%! As with all big moves, price needs to correct to pick up more orders. We are currently what looks to be a bull flag indicating that we are getting ready for a move higher.
We will be waiting for a break out of the bull flag. It is also possible that price could retest the bottom again to give us a double bottom before moving up.
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Following our last XRP analysis, price pushed up 62%! As with all big moves, price needs to correct to pick up more orders. We are currently what looks to be a bull flag indicating that we are getting ready for a move higher.
We will be waiting for a break out of the bull flag. It is also possible that price could retest the bottom again to give us a double bottom before moving up.
Full Chart
AltSignals.io Analysis 🎯
RIPPLE - Bull Flag BREAKOUT - XRPPERP 🚀 Following our last XRP analysis, price pushed up 62%! As with all big moves, price needs to correct to pick up more orders. We are currently what looks to be a bull flag indicating that we are getting ready for a move…
XRP sitting on +13% since posted and a total of +25% ✅
THETA - Make Or Break 🧐
Theta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
Full Chart
Theta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
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