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TRON - 2 High Value Areas 🌟
Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see which area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
Full Chart
Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see which area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
Full Chart
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LINKUSDT - Confluences Linking Together 🔗
Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
Full Chart
Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
Full Chart
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China Bitcoin Ban Explained
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ETHEREUM - Deeper Correction For A Bigger Move
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time.
For confirmation that the correction has ended, watch the descending trendline for a breakout.
Full Chart
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time.
For confirmation that the correction has ended, watch the descending trendline for a breakout.
Full Chart
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XRP - Is This The End? 💀
Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
Full Chart
Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
Full Chart
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BITCOIN - The Future Of Bitcoin Hinges On $40k - $42K
After the huge move down recently, we are now at a pivotal point for Bitcoin . The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
Full Chart
After the huge move down recently, we are now at a pivotal point for Bitcoin . The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
Full Chart
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BTC CHINA NEWS - Whats next?
Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and is on it's way lower.
The question we need to ask now is Where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
Full Chart
Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and is on it's way lower.
The question we need to ask now is Where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
Full Chart
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Litecoin - Reversal Zones
Similarly to Bitcoin , Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom.
From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
Full Chart
Similarly to Bitcoin , Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom.
From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
Full Chart
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Our backtesting script is now live for all Lifetime Indicator Algo members! Backtesting is a great way to find out profitable past configurations for our algorithm. In this example we can see XLM 3m Scalping since the start of May has returned 122% (including fees) at an accuracy of 80%!
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Cardano - Approaching Key Level - ADAUSDT
In our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish . We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down.
We are now approaching another key level where we have multiple confluences:
- Major trendline
- 200EMA
- Previous structure
On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
Full Chart
In our previous ADAUSDT analysis, we had 2 set ups - One bearish & one bullish . We marked out the $1.85 level as the key price to watch to determine what's next for Cardano. We happened to break that level and retest it perfectly before going down.
We are now approaching another key level where we have multiple confluences:
- Major trendline
- 200EMA
- Previous structure
On the lower timeframe, we can draw a descending trendline to monitor for a break which will confirm our reversal from the $1 key area. See chart update for lower timeframe analysis.
Full Chart
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Ripple - Watch For Bulls - XRPPERP
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Full Chart
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel, which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Full Chart
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