Hi,
Thank you all for being active to comment on your favorite two altcoins. Hopefully, you find something helpful from the post below, and if you do then do not forget to hit the like button!
Here is technical analysis, breakout- and correction scenarios, of the top 12 mentioned altcoins, enjoy it!
1) LITECOIN (LTC/USD)
Too weak top to make a breakout trade, the best opportunity becomes after the correction to $150-$180 and criteria:
1) Trendline
2) Previous resistance becomes support
3) Daily EMA 50
4) If the current top stays then also Fibonacci levels 38 and 62 are supporting that area
2) CARDANO (ADA/USD)
Quite a strong breakout area, as shown - strong 4-hour candle close above the round number 1.0000.... (without any significant high wick), wait for a retest of it and it should be ready to go to the higher prices.
3) BINANCE COIN (BNB/USD)
Very strong buying area, $130-$160, after it gets a downwards correction. Too high to make a breakout trade so, the safest would be to wait for a correction. Bad luck if it doesn't come but it is the safest and strongest way to buy BNB. Criteria:
1) Previous resistance becomes support
2) The trendline
3) 4H EMA 50 and 100
4) 50% drop from the current peak. This criterion works perfectly IF the corrections become to the shown area ;)
4) RIPPLE (XRP/USD)
Two options, go right away for mid-, long-term perspective or wait for a break and retest of 0.65000 (higher light-blue area), Daily candle close above 0.65 will confirm it, it is also a bit safer to target after the breakout of 0.65. The first target should stay around 1.0000
5) EOS (EOS/USD)
The previously shared retest of 3.500 worked perfectly. Hopefully, we get another breakout and retest after that. Daily candle close above 6.000 and wait for a retest around 5.500.
6) POLKADOT (DOT)
Waiting for a correction to 17 - 21 and criteria:
1) Previously worked resistance become support
2) Daily 50 EMA
3) 50% drop from the current peak
7) DASH (DASH/USD)
Two areas, the higher one is a bit risky and the lower one is quite unlikely BUT I still wait for that lower one if I would like to buy DASH because the area is not retested and 50% drop matching perfectly with the lower shown buying zone.
8) AAVE (AAVE/USD)
It has several breakout opportunities: a 4-hour candle close above 500 and it should be ready to go higher. The second one - 4h candle close above 550 and it should be ready to go higher. So, choose what do you like but the strongest and the safest way is to wait for a correction at a bit lower prices.
$280 - $335 is a very strong support area with a lot of criteria matching each other in one zone:
1) Previously worked resistance becomes support
2) 50% drop from the current peak
3) Channel projection
4) Fibonacci retracement 62%
5) Equal waves from the top AB=CD
6) Daily 50 EMA
9) STELLAR (XLM/USD)
Breakout opportunity:
Again, I want to see lower prices and a perfect area would be around 0.30 - 0.38, criteria:
1) Previously worked resistance becomes support
2) 2x Fibonacci retracement 62%
3) 50% drop from the top
4) Daily 50 EMA
5) The trendline
10) VECHAIN (VET/USD)
Breakout opportunity: strong 4h candle close above 0.06, wait for a retest and it should be ready to climb.
The second opportunity is to wait for a correction to 0.03 - 0.037. Criteria:
1) The trendline
2) Fibo 62%
3) Channel projection
4) Previously worked resistance becomes support
5) 50% drop
11) REEF (REEF/USD)
Breakout opportunity: Wait for a 4h candle close above 0.045
The correction will drive the price to 0.0265 - 0.033 and the criteria are:
1) Previously worked resistance becomes support
2) Channel projection
3) Fibo 62%
4) 50% drop
5) The trendline
12) CHAINLINK (LINK/USD)
Breakout opportunity: wait for a 4H candle close above 35, wait for a retest and it should be ready to go higher.
Did you find anything useful?
Stay healthy,
Vaido
Thank you all for being active to comment on your favorite two altcoins. Hopefully, you find something helpful from the post below, and if you do then do not forget to hit the like button!
Here is technical analysis, breakout- and correction scenarios, of the top 12 mentioned altcoins, enjoy it!
1) LITECOIN (LTC/USD)
Too weak top to make a breakout trade, the best opportunity becomes after the correction to $150-$180 and criteria:
1) Trendline
2) Previous resistance becomes support
3) Daily EMA 50
4) If the current top stays then also Fibonacci levels 38 and 62 are supporting that area
2) CARDANO (ADA/USD)
Quite a strong breakout area, as shown - strong 4-hour candle close above the round number 1.0000.... (without any significant high wick), wait for a retest of it and it should be ready to go to the higher prices.
3) BINANCE COIN (BNB/USD)
Very strong buying area, $130-$160, after it gets a downwards correction. Too high to make a breakout trade so, the safest would be to wait for a correction. Bad luck if it doesn't come but it is the safest and strongest way to buy BNB. Criteria:
1) Previous resistance becomes support
2) The trendline
3) 4H EMA 50 and 100
4) 50% drop from the current peak. This criterion works perfectly IF the corrections become to the shown area ;)
4) RIPPLE (XRP/USD)
Two options, go right away for mid-, long-term perspective or wait for a break and retest of 0.65000 (higher light-blue area), Daily candle close above 0.65 will confirm it, it is also a bit safer to target after the breakout of 0.65. The first target should stay around 1.0000
5) EOS (EOS/USD)
The previously shared retest of 3.500 worked perfectly. Hopefully, we get another breakout and retest after that. Daily candle close above 6.000 and wait for a retest around 5.500.
6) POLKADOT (DOT)
Waiting for a correction to 17 - 21 and criteria:
1) Previously worked resistance become support
2) Daily 50 EMA
3) 50% drop from the current peak
7) DASH (DASH/USD)
Two areas, the higher one is a bit risky and the lower one is quite unlikely BUT I still wait for that lower one if I would like to buy DASH because the area is not retested and 50% drop matching perfectly with the lower shown buying zone.
8) AAVE (AAVE/USD)
It has several breakout opportunities: a 4-hour candle close above 500 and it should be ready to go higher. The second one - 4h candle close above 550 and it should be ready to go higher. So, choose what do you like but the strongest and the safest way is to wait for a correction at a bit lower prices.
$280 - $335 is a very strong support area with a lot of criteria matching each other in one zone:
1) Previously worked resistance becomes support
2) 50% drop from the current peak
3) Channel projection
4) Fibonacci retracement 62%
5) Equal waves from the top AB=CD
6) Daily 50 EMA
9) STELLAR (XLM/USD)
Breakout opportunity:
Again, I want to see lower prices and a perfect area would be around 0.30 - 0.38, criteria:
1) Previously worked resistance becomes support
2) 2x Fibonacci retracement 62%
3) 50% drop from the top
4) Daily 50 EMA
5) The trendline
10) VECHAIN (VET/USD)
Breakout opportunity: strong 4h candle close above 0.06, wait for a retest and it should be ready to climb.
The second opportunity is to wait for a correction to 0.03 - 0.037. Criteria:
1) The trendline
2) Fibo 62%
3) Channel projection
4) Previously worked resistance becomes support
5) 50% drop
11) REEF (REEF/USD)
Breakout opportunity: Wait for a 4h candle close above 0.045
The correction will drive the price to 0.0265 - 0.033 and the criteria are:
1) Previously worked resistance becomes support
2) Channel projection
3) Fibo 62%
4) 50% drop
5) The trendline
12) CHAINLINK (LINK/USD)
Breakout opportunity: wait for a 4H candle close above 35, wait for a retest and it should be ready to go higher.
Did you find anything useful?
Stay healthy,
Vaido
Comment:
The chart of 11) REEF, missed it:
Comment:
13) SXP/USD
Trade active:
- ADA breakout occured
- AAVE, LINK, and VET are really close to getting a solid breakout with 4h candle close
- AAVE, LINK, and VET are really close to getting a solid breakout with 4h candle close
Trade active:
LINK breakout confirmed:
Comment:
CRV/USD has also made a small breakout, use low risk because the higher wick is a bit too long:
Trade active:
MKR/USD also a bit risky but we have a breakout, higher high 4h candle close. Risky because the price didn't manage to close above $3000! Take it or leave it, it's just an idea:
Comment:
UMA/USD wait for a 4h candle break and this one should be quite good if it gets a candle close above the light-blue area:
Comment:
AVAX/USD have also quite a good breakout area:
Comment:
LINK and CRV going nicely:
CRV:
CRV:
Comment:
NB: Don't forget to take profits, numbers on your screen won't feed your family!
Comment:
DOGE/USD - wait for Musk tweet and everything should be easy because technically it is ok to buy it from the current price ;)
Comment:
I have a feeling that this party will end soon but it is just a feeling and IMHO
Comment:
I’m out, have a nice weekend!
