Tron appears to be respecting a parabolic curve and we are approaching 2 significant areas of interest, as shown in the chart. Trade idea: - Watch for a strong breakout above the parabolic curve - enter with stops below the most recent price rejection - target recent highs as first target and continue holding until there's strong price rejection Goodluck
Our last analysis was a higher timeframe analysis of Stellar and we found that we were in an ABC correction with 2 possible areas of interest, with one being unlikely. See below: Currently we appear to be in a bearish pennant for one last move down. Trade Idea: - Watch for strong bearish candles on lower timeframe or a correction - Enter on break of...
In our previous Bitcoin analysis, we identified 2 areas that Bitcoin could potentially bounce from; 40k and 30k. We could be making one last move down before we reach one of those 2 areas. Price created a 3-3-5 bearish correction and made its way lower. We are now seeing a minor ABC correction and watching for that to break down. We have the 38.2 fibonacci and...
The weekly chart of SRM is showing us clear signs of a reversal coming very soon. We can see that we had a massive impulse until end of May and since then, we've been in a massive expanding ABC correction. We are now approaching the 0.88 fibonacci which is also the completion of the C wave of our expanded correction. Trade Idea: - Watch for price to come to the...
Following on from our last analysis on Bitcoin Cash, we reached TP and now we are expecting a reversal very soon. We are approaching a very strong level where we have multiple confluences to buy. Trade Idea: - Watch for strong bullish price action at the $380 level - Enter with stops below price rejection - Target 800 as first targets and HODL the rest! What do...
Our last analysis on ChainLink was a higher timeframe analysis where we indicated the reversal point. We appear to be in a really clean bearish correction and anticipating one last short to the 88 fib and structure before starting the monster bullrun. See weekly chart below: Trade idea: - Watch for a break of the red trendline - enter with stops above the...
Binance Coin is within a really clear descending wedge, with the completion of the wedge falling in line with the 61.8 fib and the ascending trendline. We saw almost an identical price action before in September 2021. SHORT Term Trade Idea: SHORT (See chart update for lower timeframe setup) - Watch for breakdown of bear flag and enter - SL above the recent...
LINK is fast approaching our entry area. In our last analysis, we had 2 areas of interest but since then, we've had new price action tell us that the best area for reversal is the $14 area, where we also have the 88 fibonacci and structure. Trade Idea: - Watch for bullish price action at $14 area - When entered, keep SL below the price that level - Target the...
Some more price action has appeared which has given us more of an indication as to what may happen next. We are seeing a descending wedge, which is often a reversal pattern. Looking for ICP to make one more move down before we load up for buys! Short Term Trade Idea (SHORT): - Watch for a break of the ascending trendline on lower timeframe - Enter with stops...
Our last 3 Avax analysis were spot on. In our last AVAX analysis, we were bullish from the $80 level. Price went on to move up 85% before creating a correction. We are now seeing an ABC correction with the completion of C approaching. Trade Idea: - Watch for bullish price action around the 75-80 level (we have the 50 fibonacci and structure supporting the...
Following on from our last ETH analysis, we are still on track to hit our fibonacci levels that we mentioned in our previous post. Key areas to look out for is the 61.8 fibonacci and the 78.6 fibonacci. Trade Idea: - Watch for price to come down to the fibonacci level and show bullish price action - Enter with stops below that level - target ATH as first targets,...
In our last XRP analysis. we provided a weekly timeframe and mentioned that we're only just getting started. See below: We were waiting for XRP to move lower and it appears that we may be on the final leg down to our ideal entry zone for BUYS. Looking for buys around the 0.50 to 0.55 level. Targeting $5 and above. We'll update closer to the entry time. Keep...
In our last Polkadot analysis, we were short and we were targeting the $10 level. We recently saw a really nice ABC correction and heading lower now. If you want to enter now, you can but you'll require a fairly big SL to cover your position. SL above $33 with TP $10. Let us know what you think!
Its becoming more and more evident that Bitcoin could drop a little more lower before we have our bullrun. We recently saw a very complex bearish correction (3-3-5) which made Bitcoin move lower. We are now approaching 2 very strong areas of interest. We have the 40K level and the 30K level. When price moves towards one of those areas, watch for bullish price...
In our last Cardano analysis, we were waiting for a breakout which we got. Price moved up 30%! If you didn't manage to catch that trade, that's okay. We may get a second chance! Price is still within the descending channel (reversal pattern). We could potentially be making a 5 wave corrective price action back to the $1 level where we have our perfect Buy level....
Solana is at a very interesting level at the moment. We could be seeing a breakout very soon BUT there are reasons to consider shorting Solana once more before going long. Confluences for SHORT: - the 50 fibonacci - Descending channel resistance - the -0.27 fibonacci lines up with the previous lows where we're looking to take buys How would we approach this? If...
GOLD is setting up for what could be the biggest trade of 2022. We can see that we've had a major impulse starting from late 2018 through to mid 2020. After which we were and still in a correction but that looks to be coming to an end soon. We have multiple confluences indicating that we may see strength soon at the 1680 level. These are: - Ascending trendline -...
Polylastic looks like a really good buy as we're near the absolute lows. We have a parabolic curve which is flattening indicating that there may be a breakout very soon. Ideally we'd want to see one more drop before we move higher. Trade idea: - watch for a strong break out and enter with stops below the lows - If we move down once more, watch for bullish price...