In our last Matic analysis, we had a level that we were watching for a reversal, which was the -0.27 fibonacci. Price hit that level perfectly and struggled to move past that and swiftly came back down. We now have another fibonacci in place to mark out where the correction may end and where the impulse will begin. The ideal place for entry looks to be 61.8...
FLM has been showing us a series of double bottoms and double tops. We are currently at the bigger double bottom and we could see a breakout very soon. Ideally we'd want to see one last drop to complete the lower timeframe double bottom before moving higher. However if we don't, we can just get in with stops below the double bottom. Trade idea: - Watch for a...
Akro has been on such a decline that it has come back to near enough 0. We are still anticipating one more drop down to one of those 2 levels indicated on the chart. Buying this at this level would be a great investment IF AKRO does pump up once more. Any small move up would be exponential gains! Trade Idea: - Watch for one more drop - Look for bullish price...
GRT is currently in a descending correction leading back to our previous bottom. In July we thought we were in an impulsive phase of the market where we were going to see the next big bullrun. However, instead we made an ABC correction for another move down. The best place to look for buys would be the double bottom area between 4-5. Trade Idea: - Watch for price...
Fantom is approaching a key area where we are expecting a bounce off. Expecting one more drop back down to the $1 level. Trade Idea: - Watch for price to go down once more to the $1 level - Once bullish price action appears, enter with stops below that level - Targets: 2.00 - 3.00 - 3.50 - Actively manage the rest Goodluck!
SOL is approaching a really high probability area where we may get a reversal to the upside. We had a massive impulse in August and since then, we've been stuck in an ABC correction. We are now approaching the completion of this correction and anticipating the next impulse. Trade Idea: - Watch for bullish price action at the completion of wave C (around...
Ethereum is one of the only coins that held most of its value through the bear crash we had recently. We could be on our way to creating new highs and reaching the moon! We have 2 fib levels which we are looking at for a bounce. We are likely to make one more move down - which could be traded for the short term. The big trade would be the buys. Trade Idea: -...
Stellar is fast approaching a critical level where its very likely we'll bounce from. The 0.20 level is where we bounced off from once before and it looks like we may be bouncing from there again - highly likely. The unlikely scenario is that we visit the -0.27 fibonacci, which is practically 0 therefore making it unlikely. Trade Idea: - Watch for bullish price...
CTK is currently within a wedge and we are approaching the triple bottom level at 0.80. There is a possibility that we can bounce from the recent structure level at 1.40 but the best place to get in would be the 0.80 level. We may be in a bear flag right now and could be seeing one more drop back to the lows. Trade Idea: - Watch for price to come back to the...
Monero is setting up for a massive bullish wave very soon. We are currently at a local double bottom and seeing some strength but the best place would be the bigger double bottom at the $120 level. Trade Idea: - Watch for a breakout of the descending black trendline for confirmation - You can enter at the local double bottom (now) or you can wait for price to...
ICP is currently in an ABC correction and we are approaching the completion of the C wave. We are anticipating the next impulse very soon! Trade Idea: - Watch for strong bullish pressure at the -0.618 level (10-12) - Enter with stops below that level - Safe entry after the break of the descending red trendline - Target the recent highs as first target and hold...
Dent is fast approaching a double bottom level where we may see price bounce off aggressively like it did in late July. For confirmation of bearish reversal, you can wait for the break of the red descending trendline. It is possible to take short term short trades back to the double bottom but there will be limited gains. The bigger move will be the move...
BLZ has been difficult to read recently due to the massive volatility spikes. From the higher timeframe, it looks like we can be heading to one of 2 key levels where we'll get a bounce. First Level: 0.1800 78.6 Fibonacci and Structure Second Level: 0.1200 We have previous structure where we saw a triple bottom. We could be making a higher timeframe double bottom...
Binance Coin is showing us similar price action to the last time we had a short term bearish move. We have a really interesting level we are looking at for longs. We have the ascending trendline - which has been respected several times and we also have the 61.8 fibonacci. Trade idea: - Watch for price to correct back to the $450 level - Once bullish price...
In our last Dot analysis, we gave a higher timeframe overview and we were expecting DOT to come back down to the $10 level. See below: We are now seeing a bearish correction indicating that we are almost ready to breakdown lower. Trade Idea: - Watch for a breakdown of correction - Enter with stops above the correction - Targets: 20 - 16 - 10 Goodluck!
Similar to our analysis on Kishu, we may see Shib breakout too. We are seeing some bullish price action on the structure level right now which could be the start of a breakout. However, if we reject the descending red trendline and come back down, it would just give us another opportunity to get in at a lower price. Trade Idea: - Risk entry now with stops below...
Kishu has been on a lot of peoples watchlist as one of the ones to watch for some quick gains! As it is at the very bottom, any movement up would be exponential gains so it may be worth it to put some in here at the bottom and hold. The downside is very limited but there's major upside gains to be made! Trade Idea: - Watch for a strong breakout and enter with...
Our last VET analysis got invalidated due to the crypto crash. We had to zoom out and find out the meaning behind the madness. We can see that price is in a wedge and approaching a level which we bounced off from 3 times. We could potentially bounce off it once again. We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it...