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!
Full Chart
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!
Full Chart
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!
Full Chart
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!
Full Chart
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.
Full Chart
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.
Full Chart
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!
Full Chart
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.
Full Chart
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!
Full Chart
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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1INCH - Inches Away From Double Bottom! 🧨
1inch has been really clean in terms of technical analysis. It has given us clear patterns and structures to work with.
After breaking out of the parallel channel, price retested the structure level within an ascending correction. We are now on our way back to the bottom where we can look for signs of reversal.
Keep a close eye on the double bottom level 1.7770.
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1inch has been really clean in terms of technical analysis. It has given us clear patterns and structures to work with.
After breaking out of the parallel channel, price retested the structure level within an ascending correction. We are now on our way back to the bottom where we can look for signs of reversal.
Keep a close eye on the double bottom level 1.7770.
Full Chart
BITCOIN - MAX PAIN IDEA! 🩸
Bitcoin is currently in a correction and has the chance of breaking on either side. At the moment it looks likely that it will go lower! Buyers do not seem committed at this moment so there may be another drop!
Back to 22K-26K? Possible.
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Bitcoin is currently in a correction and has the chance of breaking on either side. At the moment it looks likely that it will go lower! Buyers do not seem committed at this moment so there may be another drop!
Back to 22K-26K? Possible.
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BITCOIN - 30K First Target! 🎯
Following our last analysis on Bitcoin, we were expecting price to continue to drop from the 38K level. We are still very much bearish on Bitcoin until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
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Following our last analysis on Bitcoin, we were expecting price to continue to drop from the 38K level. We are still very much bearish on Bitcoin until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
Full Chart
Bitcoin Cash - Approaching Pivotal Point ⚖️
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.
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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.
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EDUCATION - Rising & Falling Wedges - Reversal Patterns 📚
What is an ascending/descending correction?
The most common reversal pattern is the rising and fallling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge - Bearish Reversal
The ascending reversal pattern is the rising wedge which consists of higher highs and higher lows whilst losing momentum to the upside. Price contracts and eventually has a bearish break.
Falling Wedge - Bullish Reversal
The falling wedge reversal pattern occurs at the end bear run and indicates that price is ready to reverse. Again, price contracts and then eventually breaks out upwards.
Check out the full chart for more indepth explanation. You will also find examples of both Rising wedges and Falling wedges and how to enter using safe and risk entry.
Full Chart
What is an ascending/descending correction?
The most common reversal pattern is the rising and fallling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge - Bearish Reversal
The ascending reversal pattern is the rising wedge which consists of higher highs and higher lows whilst losing momentum to the upside. Price contracts and eventually has a bearish break.
Falling Wedge - Bullish Reversal
The falling wedge reversal pattern occurs at the end bear run and indicates that price is ready to reverse. Again, price contracts and then eventually breaks out upwards.
Check out the full chart for more indepth explanation. You will also find examples of both Rising wedges and Falling wedges and how to enter using safe and risk entry.
Full Chart
AltSignals.io Analysis 🎯
EDUCATION - Rising & Falling Wedges - Reversal Patterns 📚 What is an ascending/descending correction? The most common reversal pattern is the rising and fallling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness…
Please like and comment if you enjoy this education content 👍🔥
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.
Full Chart
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.
Full Chart
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.
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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.
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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.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
Full Chart
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.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
Full Chart
LITECOIN - A 200% Move Coming! 😱
From the chart you can clearly see the different phases of the market - Impulsive & corrective bullish. 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!
Full Chart
From the chart you can clearly see the different phases of the market - Impulsive & corrective bullish. 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!
Full Chart
DOGECOIN - SCALP LONG 📈
Dogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
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Dogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
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