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.
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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.
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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.
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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.
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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.
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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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1INCH - Breakout Soon! ⏰
Similarly to every other crypto pair, 1INCH recently underwent a massive drop and cancelled out all the gains it made this year. We could be setting up for another surge very soon if we break the 100EMA and the previous structure indicated in the chart. The price to watch is the $3.80 level which is our structure point.
The other level we are watching is the recent bottom at $1.77. If we move correctively back down to that level, it could act as a spring to take us back up to all time highs!
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Similarly to every other crypto pair, 1INCH recently underwent a massive drop and cancelled out all the gains it made this year. We could be setting up for another surge very soon if we break the 100EMA and the previous structure indicated in the chart. The price to watch is the $3.80 level which is our structure point.
The other level we are watching is the recent bottom at $1.77. If we move correctively back down to that level, it could act as a spring to take us back up to all time highs!
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DOGECOIN - Bulls Are Back! 💪🏼
In our last analysis on Dogecoin, we were anticipating a bullish break of the descending wedge. Once broken, price pushed up 50%!
We are seeing a brief correction now for another move higher. Watch for the correction to break to take Dogecoin higher!
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In our last analysis on Dogecoin, we were anticipating a bullish break of the descending wedge. Once broken, price pushed up 50%!
We are seeing a brief correction now for another move higher. Watch for the correction to break to take Dogecoin higher!
Full Chart
FANTOM - Decision Time - FTMUSDT 🕘
Fantom recently tested the 78.6 fibonacci level and previous structure that we had marked out since April. As price has created higher lows, we could potentially be on the verge of a breakout. One thing to note is that price looks very corrective moving up so we could see price come back down to create a double bottom before moving up.
If the ascending trendline breaks, watch for price to create a double bottom. However, if price breaks the 0.400 level, we may see a bullish reversal and we can enter on a retest or a bull flag . TP would be previous highs!
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Fantom recently tested the 78.6 fibonacci level and previous structure that we had marked out since April. As price has created higher lows, we could potentially be on the verge of a breakout. One thing to note is that price looks very corrective moving up so we could see price come back down to create a double bottom before moving up.
If the ascending trendline breaks, watch for price to create a double bottom. However, if price breaks the 0.400 level, we may see a bullish reversal and we can enter on a retest or a bull flag . TP would be previous highs!
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AKROUSDT - Break & Retest Heaven! 😍
The last time we analysed AKRO was on the 5th of May where we had a Short set up which played out perfectly. We are not at the lows and looking for entry reasons to buy.
We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom.
The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs!
AKRO has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
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The last time we analysed AKRO was on the 5th of May where we had a Short set up which played out perfectly. We are not at the lows and looking for entry reasons to buy.
We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom.
The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs!
AKRO has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
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CARDANO - Watch For Breakout! 🔥
In our last analysis of Cardano, we managed to push up 30% from our entry zone. We marked out the $1.90 zone as a potential area where price would face resistance. Price tested that zone and is creating what looks to be a bullish correction. Price is creating higher highs and higher lows indicating that bullish momentum is kicking in.
Watching closely for price to break out.
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In our last analysis of Cardano, we managed to push up 30% from our entry zone. We marked out the $1.90 zone as a potential area where price would face resistance. Price tested that zone and is creating what looks to be a bullish correction. Price is creating higher highs and higher lows indicating that bullish momentum is kicking in.
Watching closely for price to break out.
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BITCOIN - All Eyes Watching! 👀
In our last couple of analysis for Bitcoin, we were waiting for some sort of pattern to develop to tell us what Bitcoin may do next. Right now we can see a pennant pattern which is good news for us. Pennant patterns usually break and retest before going in the breakout direction. Either way, we can make some good money from Bitcoin!
Wait for price to breakout in either direction and enter on the retest.
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In our last couple of analysis for Bitcoin, we were waiting for some sort of pattern to develop to tell us what Bitcoin may do next. Right now we can see a pennant pattern which is good news for us. Pennant patterns usually break and retest before going in the breakout direction. Either way, we can make some good money from Bitcoin!
Wait for price to breakout in either direction and enter on the retest.
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DOGECOIN - Major Move Incoming! 🚀
In our last Dogecoin analysis, we were waiting for price to retrace back to the levels indicated on the chart. Price has slowed down a lot and looking like the correction has almost ended.
For a safe entry, wait for a big bullish candle before entering. This could very well be the start of the next MAJOR move!
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In our last Dogecoin analysis, we were waiting for price to retrace back to the levels indicated on the chart. Price has slowed down a lot and looking like the correction has almost ended.
For a safe entry, wait for a big bullish candle before entering. This could very well be the start of the next MAJOR move!
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ETHEREUM - Back To All Time Highs! 🚀
After Ethereum broke out of the trendline in late May, we have been seeing a series of higher lows indicating that buying pressure has been introduced. We are not at a pivotal point where we have previous structure, 100EMA and a possible higher low. All signs point towards Ethereum being bullish!
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After Ethereum broke out of the trendline in late May, we have been seeing a series of higher lows indicating that buying pressure has been introduced. We are not at a pivotal point where we have previous structure, 100EMA and a possible higher low. All signs point towards Ethereum being bullish!
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Doges Lil Bro SHIB - Whats Next? 😏
We have had Shib on our radar for the last few weeks as it has the potential to make exponential gains just like Dogecoin did recently. From the chart we can see that we've approached the bottom again within a descending channel, which is often a reversal pattern.
A break upwards of the channel will be validation of our reversal signal.
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We have had Shib on our radar for the last few weeks as it has the potential to make exponential gains just like Dogecoin did recently. From the chart we can see that we've approached the bottom again within a descending channel, which is often a reversal pattern.
A break upwards of the channel will be validation of our reversal signal.
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DOGECOIN - Bull Flag Anyone?? 😏
Following our educational post about flag patterns, we are now seeing a bullflag for Dogecoin .
After the breakout of the descending wedge at the end of May, we had a nice impulse and now we are in a correction that looks to be a bull flag. The bull flag support lines up nicely with our previous structure and the 100EMA.
Watch for buying pressure at the 0.28 level. Alternatively, watch for a breakout of the flag!
Refer back to our Educational post on how to trade flags.
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Following our educational post about flag patterns, we are now seeing a bullflag for Dogecoin .
After the breakout of the descending wedge at the end of May, we had a nice impulse and now we are in a correction that looks to be a bull flag. The bull flag support lines up nicely with our previous structure and the 100EMA.
Watch for buying pressure at the 0.28 level. Alternatively, watch for a breakout of the flag!
Refer back to our Educational post on how to trade flags.
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ChainLink - Whats Next? 🧐
Following the break of the major trendline, we saw a retest of the major trendline, previous structure, 100EMA and the 50% fibonacci which made it a high probability short! We are now approaching a key level where price has the potential to reverse.
The key are to look at is the $15 level where we have previous structure. If price bounces continues to correct towards the double bottom area, it will be highly likely that we'll bounce from there. Also keep an eye on the descending trendline and monitor it for a break!
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Following the break of the major trendline, we saw a retest of the major trendline, previous structure, 100EMA and the 50% fibonacci which made it a high probability short! We are now approaching a key level where price has the potential to reverse.
The key are to look at is the $15 level where we have previous structure. If price bounces continues to correct towards the double bottom area, it will be highly likely that we'll bounce from there. Also keep an eye on the descending trendline and monitor it for a break!
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