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…
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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
CARDANO - How And Where To Buy! 😁
In our last analysis of ADAUSDT, we were waiting for a break of the descending trendline which we thought to be a falling wedge at the time. We still haven't broken it yet and since then we spiked down to retest the $1 mark where we have previous structure, 200EMA and the major trendline.
For confirmation, we are waiting for the break of the descending trendline to signal that we have broken the downtrend. Will be watching how price reacts in the next couple of days. If we do break, watch for bull flags. We will update once we get a significant move.
Do show your support by liking the ideas on TradingView!
Full Chart
In our last analysis of ADAUSDT, we were waiting for a break of the descending trendline which we thought to be a falling wedge at the time. We still haven't broken it yet and since then we spiked down to retest the $1 mark where we have previous structure, 200EMA and the major trendline.
For confirmation, we are waiting for the break of the descending trendline to signal that we have broken the downtrend. Will be watching how price reacts in the next couple of days. If we do break, watch for bull flags. We will update once we get a significant move.
Do show your support by liking the ideas on TradingView!
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ETHEREUM - Don't Miss This Easy Set Up! ⚡
In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in.
The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below that level and first targets will be $2850.
Remember to show your support by liking the ideas on TradingView!
Full Chart
In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in.
The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below that level and first targets will be $2850.
Remember to show your support by liking the ideas on TradingView!
Full Chart
DOGECOIN - Breakout - Watching For Bull Flags! 📈
In our last analysis, we were watching for a breakout of the descending trendline to indicate to us that we are in a bullish reversal. Once broken, price retested the descending trendline where we got our initial entry.
We will be looking for further bull flags on the 15min timeframe for further entries and scalps. Targeting the midlevel structure of 0.44.
Full Chart
In our last analysis, we were watching for a breakout of the descending trendline to indicate to us that we are in a bullish reversal. Once broken, price retested the descending trendline where we got our initial entry.
We will be looking for further bull flags on the 15min timeframe for further entries and scalps. Targeting the midlevel structure of 0.44.
Full Chart
EDUCATION - Moving Average Trading Tutorial 🤓
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
See full chart for more information:
- How is moving average calculated?
- How do you use moving average?
- Transition from bearish to bullish (vice versa)
- What moving average do we use?
- Examples of using Moving Averages
If you like these educational content, be sure to give it a thumbs up and comment what you'd like to see next!
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In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
See full chart for more information:
- How is moving average calculated?
- How do you use moving average?
- Transition from bearish to bullish (vice versa)
- What moving average do we use?
- Examples of using Moving Averages
If you like these educational content, be sure to give it a thumbs up and comment what you'd like to see next!
Full Chart
BITCOIN - Can We Reach 40K??
The 30K had a significant reaction early on this year and it appears that it has had a similar reaction again recently. The next area of interest would be the 40K level.
First we need to try and break the 36K level before we can reach 40K. Will be looking to take an entry on the retest of 36K should we break it...
See chart update for 4H analysis.
Full Chart
The 30K had a significant reaction early on this year and it appears that it has had a similar reaction again recently. The next area of interest would be the 40K level.
First we need to try and break the 36K level before we can reach 40K. Will be looking to take an entry on the retest of 36K should we break it...
See chart update for 4H analysis.
Full Chart
LITECOIN - Watch For Breakout! 🚨
Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD.
Full Chart
Last time we analysed Litecoin, we were waiting for it to tag the previous bottom. Price spiked below and is making a reversal. The only obstacle in our way is the 147 level where we have a descending trendline and previous structure.
Watch for that level to break and gain an entry on the retest, similarly to how we entered ETHUSD.
Full Chart
DOGECOIN - Moment Of Truth... 🤞🏼
We've been monitoring Dogecoin for a while and not much has happened apart from little moves. We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
Full Chart
We've been monitoring Dogecoin for a while and not much has happened apart from little moves. We need some sort of catalyst to get it moving... Where's Elon??
Right now we are seeing correction and monitoring it for a break. Entry will be on the break of the descending trendline with stops below the correction.
Full Chart
SHIB - How We Entered 🔥
See chart for full explanation as to how we entered.
Entry: After the double bottom on the 12th of June, we entered on the break of the descending channel
Stops: We put our stops below the wick incase price comes back to retest the low - which it did.
Currently running 43%
Full Chart
See chart for full explanation as to how we entered.
Entry: After the double bottom on the 12th of June, we entered on the break of the descending channel
Stops: We put our stops below the wick incase price comes back to retest the low - which it did.
Currently running 43%
Full Chart
ETHEREUM - Where Are We Heading? 🤔
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of Trendline and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
Full Chart
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of Trendline and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
Full Chart