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 BTC until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
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...
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and...
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.
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.
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.
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 to Ethereum being bullish!
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...
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...
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...
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...
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!
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...
Similarly to Bitcoin, Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom. From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
After the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively,...
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...
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...
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 an update as it progresses.