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.
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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!
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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.
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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!
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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!
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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!
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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.
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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
AXS - Pump & Dump Season! 🚀💀
Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
See chart update for 1H analysis.
Full Chart
Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our structure level. Could be an easy trade!
See chart update for 1H analysis.
Full Chart
AltSignals.io Analysis 🎯
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…
ALPHA Update - Up by more than 150% 🎯
AltSignals.io Analysis 🎯
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…
ChainLink Update - Up by 35%
GRTUSDT - Breakout! 🔥
GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
Full Chart
GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
Full Chart
BITCOIN - Back Below 30K! 🩸
We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending correction. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
Full Chart
We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending correction. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
Full Chart
AltSignals.io Analysis 🎯
GRTUSDT - Breakout! 🔥 GRT has been within a descending correction since March and we've finally seen a breakout. The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!…
GRTUSDT UPDATE - Up by 18% 🎯
AltSignals.io Analysis 🎯
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…
AKROUSDT UPDATE - Up by 66% 🥵