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.
Full Chart
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.
Full Chart
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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!
Full Chart
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!
Full Chart
GRTUSDT - Keep A Close Eye On These 2 Areas 👀
GRTUSDT is currently in a downtrend but we may be seeing a reversal soon. Watch for a breakout of the descending trendline. We could possibly go down further to the 0.23 level where we have previous structure.
Full Chart
GRTUSDT is currently in a downtrend but we may be seeing a reversal soon. Watch for a breakout of the descending trendline. We could possibly go down further to the 0.23 level where we have previous structure.
Full Chart
ALPHA - Approaching Buy Area! ❗️❗️
n 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.
Full Chart
n 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.
Full Chart
AltSignals.io Analysis 🎯
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…
Trade Cancelled - We didn't get a breakout. Price rejected the trendline. Will be looking for an entry at the bottom once we see price action
BITCOIN - The Future Hangs On 30K ⚖️
Bitcoin 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!
Full Chart
Bitcoin 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!
Full Chart
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 - click here.
Full Chart
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 - click here.
Full Chart
Binance Coin - Watching for BREAKOUT 🔥
BNBUSDT 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.
Full Chart
BNBUSDT 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.
Full Chart
ETHEREUM - Bulls Ready To Take Over! 💪🏼
Ethereum is at a really interesting place right now. We are approaching the previous bottom as well as the 200EMA where price can bounce. Price has respected the 200EMA for over a year and we could see another rejection of the 200EMA very soon.
We will be waiting for the descending trendline to break to take this up. First targets $2900 with stops below the lows.
Full Chart
Ethereum is at a really interesting place right now. We are approaching the previous bottom as well as the 200EMA where price can bounce. Price has respected the 200EMA for over a year and we could see another rejection of the 200EMA very soon.
We will be waiting for the descending trendline to break to take this up. First targets $2900 with stops below the lows.
Full Chart
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DOGE - STILL WAITING FOR BREAK 💣
Dogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
Full Chart
Dogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
Full Chart
TRON - Double Bottom Reversal! 📈
Tron has reached our area of interest where we will be looking for buying pressure for a reversal. If we break below this doube bottom, the next place we will look for buys is the channel support. On lower timeframe we will be looking for a break of the descending trendline to confirm our reversal.
Full Chart
Tron has reached our area of interest where we will be looking for buying pressure for a reversal. If we break below this doube bottom, the next place we will look for buys is the channel support. On lower timeframe we will be looking for a break of the descending trendline to confirm our reversal.
Full Chart
AltSignals.io Analysis 🎯
BITCOIN - The Future Hangs On 30K ⚖️ Bitcoin 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…
TradingView
BITCOIN - The Future Hangs On 30K for BINANCE:BTCUSDT by Altsignals
Bitcoin 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…
Will watch…
BITCOIN - Either Way, Lets Make Some Money! 💰
Recently Bitcoin has been really confusing and it has been difficult to understand whether price will go up or down. In such cases, it is important to prepare for both scenarios and so we've put together a chart explaining how to trade in either directions.
BUY Scenario
The price we're looking at is the $34,700 where we have previous structure. If price breaks upwards, we will be looking to get in on the retest of that structure. We'll be aiming for the previous high of $41,000
SELL Scenario
If price rejects the $34,700 level and fails to break it, we can assume that there isn't many buyers to push Bitcoin up again in the short term. We will wait for a clean break of the 30K level and then get in on the retest as indicated in the diagram on the chart above.
Full Chart
Recently Bitcoin has been really confusing and it has been difficult to understand whether price will go up or down. In such cases, it is important to prepare for both scenarios and so we've put together a chart explaining how to trade in either directions.
BUY Scenario
The price we're looking at is the $34,700 where we have previous structure. If price breaks upwards, we will be looking to get in on the retest of that structure. We'll be aiming for the previous high of $41,000
SELL Scenario
If price rejects the $34,700 level and fails to break it, we can assume that there isn't many buyers to push Bitcoin up again in the short term. We will wait for a clean break of the 30K level and then get in on the retest as indicated in the diagram on the chart above.
Full Chart
Polkadot - Will DOT Make A Full Recovery?! 🧐
DOTUSDT has reached a significant double bottom where we are seeing some buying pressure. After the massive crash, we could be seeing the beginning of a full recovery.
On lower timeframe we will be looking for bull flags to take this higher. First targets will be the descending trendline where we will find out whether we will be recovering 100% or if this is just a correction for a move lower.
See full chart for lower timeframe analysis where we have indicated the best place to buy.
Full Chart
DOTUSDT has reached a significant double bottom where we are seeing some buying pressure. After the massive crash, we could be seeing the beginning of a full recovery.
On lower timeframe we will be looking for bull flags to take this higher. First targets will be the descending trendline where we will find out whether we will be recovering 100% or if this is just a correction for a move lower.
See full chart for lower timeframe analysis where we have indicated the best place to buy.
Full Chart
ETHEREUM - Are You Buying Or Selling? 👀
Ethereum is at a critical level where price can breakout either way.
BUY
We are watching the descending trendline for a break upwards to break the $2000 level. We can get in on the retest of that level. The first targets would be the $2900 level where we've seen price react previously.
SELL
If we break the bottom of $1700, we can go ahead with our Short set up. We will be watching for a clear break of the $1700 level and then a retest of that level to enter sells. First targets would be the $1100 level where there is previous structure.
If you're enjoying these analysis and are learning from them, please head over to TradingView and give us a thumbs up to show your support!
Full Chart
Ethereum is at a critical level where price can breakout either way.
BUY
We are watching the descending trendline for a break upwards to break the $2000 level. We can get in on the retest of that level. The first targets would be the $2900 level where we've seen price react previously.
SELL
If we break the bottom of $1700, we can go ahead with our Short set up. We will be watching for a clear break of the $1700 level and then a retest of that level to enter sells. First targets would be the $1100 level where there is previous structure.
If you're enjoying these analysis and are learning from them, please head over to TradingView and give us a thumbs up to show your support!
Full Chart
RIPPLE - How To Trade This Parallel Channel 🤙🏼
In our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and dropped over 30%!
Now we are approaching the support of the parallel channel where we may see a bounce.
We have 3 key areas we are looking at.
Descending Trendline
We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher.
Parallel Channel Support
Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up.
Double Bottom
We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
Full Chart
In our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and dropped over 30%!
Now we are approaching the support of the parallel channel where we may see a bounce.
We have 3 key areas we are looking at.
Descending Trendline
We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher.
Parallel Channel Support
Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up.
Double Bottom
We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
Full Chart