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...
Since early December, we've had our eyes on the 0.50 - 0.55 level and kept mentioning that that was our reversal zone. Since then price came back down to our reversal zone and bounced perfectly! We posted an analysis on XRP when we were at the bottom and looking for a reversal. Currently it's up by almost 40% and that's just the start of it. Expecting a LOT more...
C98 was on a massive bearish leg for the latter half of 2021 and we almost took out the entire gains it made. We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure. The great thing about this coin is that its at the very lows. Any move up would be exponential...
Luna looks to be on the last legs of the correction. We have the structure level at 36-37 where we are looking for bullish price action. In the mean time we can look for one more short trade back to the structure level. SHORT Trade Idea: - Watch for lower timeframe correction break - Enter with stops above the recent highs - Target the structure level at...
After the massive bull run in early 2021, FLM has been bearish for the rest of the year. We are now approaching the impulse generation point once again where we may see a significant reaction. Trade Idea: - Set alerts near the bottom (at 0.15) - Watch for bullish price action at the structure level - Put stops below the lows - Targets: 0.4, 0.8, 1.2 Goodluck!
Tron is approaching the double bottom region from 2021 where we saw a bull run of over 170%! It appears we have one more drop before we reach that level, which can be traded. SHORT Trade Idea: - Watch for rejection of the structure (0.06 to 0.065) - Enter with stops above that structure level - Targets 0.045 to 0.05 LONG Trade Idea: - Watch for bullish price...
Cardano is finally near one of our reversal zone. We're currently sitting on the structure level that we bounced off previously. However, as we're expecting one more Bitcoin SHORTS, it is likely that Cardano may drop once more - to the 0.70 level where we have multiple fibonacci confluence. We can see that we're in a 5 wave impulsive move down and currently in the...
Uniswap is currently within a descending wedge and has been respecting it very well. The wedge is a descending wedge, which is often a bullish reversal wedge. We are anticipating a breakout of the wedge soon with ATH targets. Trade Idea: - Watch for a breakout of the wedge - enter with stops below the lows - Targets: 28, 44, actively manage the rest. Goodluck!
In one of our earlier posts on Polkadot, we were saying that Dot will likely go down to the $10 area where we will be looking to buy - see that post here: We are now very close to our entry zone. We have one more move down before we hit the $10 level - which some were very sceptical about! The move down can be traded but it is only a short term trade. The...
In our last post we identified the retracement and where it may retrace to before dropping once again. We are now near one of 2 reversal zones. The ideal reversal zone is the 61.8 fibonacci where we have structure and the descending trendline. However, if we don't get enough momentum to push us to that level, the 50 fib looks to be the other reversal area. Either...
Following on from our last post where we had the higher timeframe analysis for shorts, we are now almost near our ideal reversal zone. The 39k level appears to fall in line with the descending trendine and the structure, making it the best place for reversal. Trade Idea: - Watch for price to reject the descending trendline and structure - enter with stops above...
ANKR is setting up nicely for a breakout. We have the structure level at 0.053 where we saw price breakout in late 2019 by over 300%. We are approaching that structure level once again where we might see a similar price action. Trade Idea: - Watch for price to come back down to the structure level and show bullish price action - Enter with stops below that...
It looks as though a reverse head and shoulders is forming. For me the question left to ask here is where will the right shoulder bottom at? It has definitely confirmed adequate support just below current levels. It may have already bottomed on the right shoulder. It might drop lower and create more of a triple bottom. Either way that would most likely mean we are...
Shiba Inu has been on the watchlist for a very long time. Been waiting for the massive inevitable impulse that will soon make us all shibillionaires! Only issue is that there doesn't seem to be a clear bottom. No previous structures to indicate where it may reverse from. There's the 0.88 fibonacci level which could be a reversal zone. So, how do we approach...
All eyes on the Dog Coins! They're all near the bottom which is making it more and more enticing to buy for some quick gains. Kishu could still move lower once more before we get to our buy zone. BUY Trade Idea: - Watch for Kishu to move lower one last time - Once it reaches the structure level, watch for bullish pressure - Enter with stops below the lows -...
We could be seeing a final move down for Ethereum before we start buying, along with other coins. We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area. Trade Idea: - Watch for price to reject the structure and...
Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy. The bigger picture is showing us an expanding flat correction and we're currently in the C wave. SHORT Trade Idea: - Watch for price to reject the fibonacci levels in our sell zone - Enter with stops above...
Our previous posts on Bitcoin shorts have been playing out really well and it could be that we may have another short setup on our hands. Bitcoin is approaching the 40k level which has been a psychological level for quite some time. We broke through that and we could be retesting it and heading towards 30k (as mentioned in our higher timeframe Bitcoin...