SXP was in a descending reversal wedge and we saw the 5 waves down and now we've seen a double bottom indicating buying pressure. Trade Idea: - Enter now with stops below the double bottom - Targets: 1.6, 2.3, 3, actively manage the rest. Goodluck!
Ethereum already started its bullrun and we are currently seein the 5th wave of the First impulse. Expecting the 5th wave to be 5 waves. Trade Idea: - Watch for breakout of the current bullflag - Enter with stops below the bullflag. For safer stops, put it below the structure level - Count the next 3 waves (of 5) and exit on the 5th wave. Goodluck!
Following on from our last post on DOT where we found a divergence breakout starting the bullish wave, we now have another entry for DOT to take it higher. There are 2 ways we can trade this. 1st Trade Idea: - Watch for bounce off double bottom and enter - Stops below the double bottom 2nd Trade Idea: - Watch for a breakout of the red descending trendline -...
Gala is creating the perfect price action for a breakout. We are currently in the 5th wave and seeing a nice bullflag. Trade Idea: - Watch for a breakout of the bullflag (red trendline) - Enter with stops below the bullflag (below structure for safe stop placement) - Target the recent highs as first target, actively manage the rest We will update this chart -...
Set alerts for the back test of the Middle of the descending channel for a nice long setup . Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from the high to low of the whole range .786/.886 . The red box denotes a resistance level where I would be taking majority of...
Bitcoin has almost completed its 4th wave correction. We have one more drop before we reach our buy zone. SELL Trade Idea: - Watch for completion of ABC correction and enter shorts (around the 43k level) - Targets for SHORTS: 40K BUY Trade Idea: - Watch for the 4th wave to complete around the 39K level - When bullish price action appears, enter with stops below...
We recently saw the first wave of the impulse (which was a 5 wave impulse). We are now in the second wave, which is a corrective ABC wave. We can still capitalise for the short term during the corrective phase. Trade Idea: - Watch for bearish price action at one of our sell zones - Enter with SL just above the price rejection - Targets: 0.75, 0.7 Let's make...
BNB and all alts are in a small downtime and also today is Sunday while tomorrow is Monday can be bloody too , I have entered BNB short around 402 today and will continue to ladder till 415 while a sl can be stepped at 435-440 my first take profit will be around 375 which was last low and can be ladder to more low if situation got worse. I believe there are much...
In our last post, we had 2 areas of interest where we would buy THETA. See below: Price came down to the lower buy zone and bounced off perfectly! We are currently up 60% from that reversal zone. Looking for continued bullish momentum. Please note that on the off chance we reject the descending trendline and make an ABCDE descending wedge, watch the double...
In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction. Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom...
We may seeing a brief retracement period, which could bring XRP down between the 0.5 and 0.618 fibonacci levels where we have moving average confluence as well. We'll be looking for bullish price action between 0.70 and 0.75. Trade Idea: - Watch for price to retrace back to the fibonacci levels - wait for lower timeframe trendline break to indicate bullish...
In 2020 when we had the bullish breakout, we saw a very particular sequence of events take place. We saw: 1. MACD divergence 2. Trendline Breakout 3. Double Bottom 4. BULLRUN We are now seeing a very similar sequence of events happening. So far we can see: 1. MACD divergence 2. Trendline Breakout We are yet to see Double Bottom and the BULLRUN. Trade Idea: -...
DASH has recently created a nice reversal wedge and we could be at the start of the bull run. Usually when price breaks out of a wedge, it has a brief retracement before continuing with the breakout. What we are looking for now is a correction on lower timeframe. There's a chance we can make our way back down to the impulse generation point at $40 but we are...
In June 2021, we saw DOT breakout by over 400% after seeing MACD divergence - which indicates a trend is about to reverse. We saw a very similar divergence recently and got a nice breakout. We could very well be making another 400% gain! If we move lower, watch for the MACD divergence trendline to be respected and then enter BUYS. We could potentially make a...
Similarly to Bitcoin, Ethereum was also in a parallel ABC correction. On the 2D timeframe we can see that the recent low had divergence - indicating that the trend is about to reverse. After bouncing off from the parallel channel support, ETH moved up by 40% already! Looking for lower timeframe corrections to take ETH to all time highs!
Bitcoins reversal has been at the forefront of everyones mind for the last 6 month. Not sure if anyone has spotted the parallel channel we're in... We respected the channel perfectly and created an ABC correction. We are now in the impulsive phase so any pullbacks should be bought! Watch out for for lower timeframe bullflags and ABC correction and BUY...
FLM had a massive impulse in 2021 and corrected for the latter half of the year. We were in a descending ABC wedge and it looks like we broke out of the correction and started the next impulse! Trade Idea: - Enter with stops below the lows (below 0.20) - Targets: 0.70, 1.20, actively manage the rest See our previous post below: Let us know what you think below!
The $100 reversal zone was on our radar since early December 2020. We had the structure and 78.6 fibonacci level acting as confluence for a reversal. In our previous post we mentioned that 2022 will likely be a bullrun for Litecoin - and it looks like we've started! We are currently up 30% from our $100 reversal zone. Looking for further strength from Litecoin...