Chromia is trading within 3 key levels. We recently rejected the 50 fibonacci before breaking down out of a short term bullish trend.
We are looking for further bearish momentum back to the 0.24 level.
Watch for bear flags and take Chromia down.
Price has been moving within the parameters of the fibonacci sequence. We can see that price has respected the 61.8 fibonacci on the moves within the bigger ABC pattern.
On the higher timeframe, we saw that price rejected the 50 fibonacci level and is moving towards the double bottom area 3.5.
Will be looking for bear flags down to the 3.5 area and then we'll be...
Lina is within a contracting triangle and looking for further downside now.
Waiting for price to reach one of two areas indicated in the chart before turning bullish. In the mean time, will remain bearish.
The first breakout that broke the descending trend early October, reversed from the 50 fibonacci level. We had a mother recent breakout which was very weak. We could see CTK roll over to the downside to the 1.4 level or even the 1.0 level.
Watching for bear flags to indicate bearish momentum and taking this one down.
C98 recently broke out of the descending trendline and created a higher low indicating that bulls might have stepped in.
Watch for the structure level to break to confirm that we are in an uptrend and get in on a retest of a bull flag.
Algo is at a pivotal point where we may either get a bounce off the 1.5 structure level or we can break through.
If we do break through, look out for a retest of that structure level before moving down.
Short targets would be the triple bottom region of 0.7.
Long targets will be the recent highs of 2.5.
TrueFi is within a flat triangle and approaching a significant level which we have bounced off twice before.
Watch this level for a bounce or break scenario and trade in that direction for the short term.
This may look complicated but to simplify it:
Impulse wave has 5 waves.
Corrective wave has 3 waves.
We can see that we are in a 5 wave impulse wave and approaching a significant level where we have multiple confluences to indicate that price may reverse.
We could go on to create an ABC correction back to the channel support for another move up OR worst case...
SOL made a break of the ascending trendline in early September and since then it has been making bearish retests and corrections. The levels to watch is the 120 level and the 90 level where we may get a significant bullish reaction.
Looking for any bearish corrections to take us back down to those levels.
ADA went through a dive recently but it appears its not over. Price looks to be forming a bearish pennant for another move lower. We could be in for a deeper retracement before we move any higher.
Looking for one more move up to finish wave E of the bearish pennant and then a drop to atleast the 1.90 level as first targets.
1inch has been consolidating on the higher timeframe. We can see that recently price made a double top and is moving down slowly. We saw a tap of the 61.8 fibonacci and the target fib of -0.27 lines up with the double bottom which would be a great place to look for buys.
Until then, look for shorting opportunities such as bear flags to take us back down to the bottom.
Coti is currently within a channel and recently rejected the 61.8 fibonacci and is heading towards the target -0.27 fibonacci where we will either get a bounce or break.
Keep an eye on price action at the 0.43 level.
MAKER is approaching a very important level of price where if we break it, we will be bullish. However if we reject the 2600 level, we can see price coming back to the lows of 1800-1900 once more.
Will be keeping an eye on 2600 and if we break that level impulsively, we can look for a retest to take MKR higher.
We were short FLM from 0.5 fibonacci level and now we have approached our final take profit level -0.27.
We are now looking for any reversal signs to take FLM back up. Watching for a descending wedge pattern to indicate a bullish reversal.
Watching this one closely as it could spike up very soon...
- Yello, ladies and gentlemen!
Let's have a look at Altcoins and what we can expect to happen next.
To understand what is going on in the market right now, we will show it to you in comparison to a chart that shows the value of a total crypto market cap exclude BTC (white) VS Bitcoin Price (orange).
As you can see, over 90% of the new fresh...
SHIB recently underwent a massive spike and there seems to be no signs of slowing down as long as we're above the ascending trendline.
Price seems to be creating clear bullfrogs for another move up. If we are to move up once more, we'll surely see another bullish correction of sorts before moving up.
However, if we do break the ascending trendline, the bullish...
After the ABC move, price created a double bottom indicating a breakout, which we got.
We appear to have made the first 2 moves of the impulse phase and now seeing the third. Look for minor corrections to take price up to the -0.27 fibonacci where we may see a retracement back to the ascending trendline where we can look for another opportunity to buy.