From first look at this chart it can be overwhelming... But let us explain. We look to be in a descending channel and respecting it well. It could be that we bounce from the current level back up to the 66 level. However, if we reject the channel resistance, we could make our way back to the 12 to 16 level where the 2021 bull run started. That would make for a...
SXP has recently bounced off the triple bottom as indicated on the chart. Ideally we'd want a strong daily bullish engulfing candle to indicate a full reversal - which we didn't. This is why it's important to be cautious when entering longs from here. The best place to enter would be the 0.60 area where we have a strong level where price started its bull run. IF...
We can see that there's clearly a demand zone where price keeps bouncing off from. Naturally this would be the area to look for buys. Keep in mind that there may be chances of stophunts where price can wick below that level and quickly come back up. For confirmation, wait for the red descending trendline to break. Goodluck!
1INCh is approaching the absolute lows and this may be bad for those that are holding their positions from the last bullrun. However, those that have not got any 1INCH, they are in luck! Once price finds its bottom, it would be good to buy some 1inch to hold until the next big bullrun. The downside is very limited but there's alot of potential to make upside...
At the start of the year, we saw a beautiful impulse which pushed Theta up over 2000%. We have been stuck in a correction ever since but it appears we may see the end of the correction very soon. We have 2 key areas which we are looking at. First area: $3.60 We have the recent lows and the 78.6 fibonacci Second area: $2 to $2.60 In this area we have the...
Atom is currently correcting towards 2 key structure levels where we are looking for a bounce. Trade Idea: - Watch for price to come to one of the levels indicated - Wait for bullish price action - enter with stops below the structure level - Target the highs as first target Goodluck!
ChainLink is currently within an ABC correction. We are approaching 2 areas of interest where we will be looking to buy and HODL. First area: $14 We previously reacted to that level and bounced off strongly. We could potentially create a local double bottom and then move higher from there, Second area: $8 Price reacted numerous time to that level. We also have...
Polkadot is showing us clean price action and the buy zone is evident. We are currently in an ABC correction and anticipating the end of C wave shortly and the start of the next impulse. We have the 0.88 fibonacci supporting our buy region as well as the double bottom. Trade Idea: - Watch for bullish pressure at around the $10 region - Enter when there's a...
XRP is approaching a key level where we may see the biggest wave (wave 3). We are currently in an ABC correction with the C wave possibly finishing at the double bottom region at 0.5. Trade Idea: - Watch for bounce at the end of C wave at the double bottom area (0.5) - When bullish price action appears, enter with stops below the recent lows - Target $1.90 as...
Dogecoin has been difficult to read as of late but going to the higher timeframe, it can be seen that we had a clear impulse down and then an ABC correction and we're at the start of maybe another impulse down. We have 3 major levels which we are looking at for a bounce. First area: 0.17 Price bounced off this price multiple times and we are now showing some...
After the recent crash in Crypto, the market has changed slightly. The corrective phase has just got bigger but we're still very much bullish. For Cardano, we can see that the $1 level holds a lot of weight. On several occasions. price has reacted to the $1 level and successfully bounced from it. We are yet again approaching that level and we have a number of...
An update for the altcoin market including (TOTAL2, and OTHERS) As you can see, on the left, we are still in a very good spot for bullish action Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading...
WNCG saw a rise of almost 500% in 2 weeks recently, but it appears just as soon as the excitement started kicking in, things reversed drastically. WNCG has already lost 50% of its value. To SHORT WNCG, watch for bear flags and take it down to the structure level indicated. To LONG WNCG, watch for a bounce at the structure level. If we break the structure...
RMRK has been in a nice uptrend and has had clear bullish corrections. Trade Idea: - Watch for the next clear correction - Enter on breakout of correction - put SL below the correction Actively manage your trade as there's no previous price action to tell us where this may end up!
We are in a series of impulse and corrections and it appears the correction has maybe ended and we are at the start of an impulse. Cardano hit the wedge support and is bouncing off nicely. We also have the 78.6 fibonacci which we bounced from. Trade idea: - Enter with stops below the wedge - Target the highs as first targets, -0.27 as second target and HODL the...
DOT recently bounced of 2 fibonacci levels. The bigger fib was drawn from the lowest point to the highest point (pink fibonacci). The smaller fib was drawn from the recent higher low to the highs (blue fibonacci). This indicates to us to that there's bullish buying pressure now. We also so a breakout of the red descending trendline indicating to us that the...
AKKRO is currently within a parallel channel and approaching the channel support. The last time we saw similar price action, we broke out in excess of 100%. Anticipating a similar breakout this time round. Trade Idea: - the best place to enter would be at the channel support. If we dont get there, watch for a strong breakout - Stops below the parallel channel -...
POLX is making some really interesting price action. If you look at the price action in the grey box, they look almost identical. The last time we saw that price action, we broke out around 250%! We could be seeing another breakout like this very soon. Trade Idea: - Watch for a break of the descending red trendline - Enter with stops below the major ascending...