$INJ stalled at $10 after breaking out of Falling Wedge. This is the 3rd time it broke above $10 resistance...could revisit $12 next (Stop Loss at $8.90 - just below prior swing low). This will either be a nice breakout or a Tripple Top. Let's see. More on ALTFINS
$FET Following a breakout from Falling Wedge pattern, price reached $0.80 resistance for +60% gain. It made a Higher High (above prior swing high), which is another indication of bullish trend reversal. Pullbacks to $0.60 support could be a swing trade entry with +30% upside back to $0.80 resistance again. If it breaks above $0.80, it could revisit $1.05 next, which is a stiff resistance area because it also lines up with 200-day Moving Average (200 SMA). More at ALTFINS
$PEPE showing signs of trend reversal: it had a bullish breakout from Falling Wedge pattern, which was followed by a Higher High and Higher Low. I would be a buyer on pullbacks to $0.000008 support with 25% potential upside to $0.000010 resistance. Let's see first if $0.000008 level holds up as support. More on altFINS
$LTC Price had a bullish breakout from Falling Wedge pattern and now above $85 (resistance). It could revisit $100 resistance next. Stop Loss at $81. The $100 level is a stiff resistance area beause it also lines up with 200-day Moving Average (200 SMA). Also, this asset is likely to see a Spot ETF launched in 2025. More trade setups at ALTFINS
$BONK Following a Double Bottom and a bullish breakout from Channel Down pattern, price reached $0.000020 resistance for a +50% gain. We would be buyers on pullback to $0.000014 support. More on altFINS
$IMX had a bullish breakout from Channel Down pattern, which could signal at least a temporary bullish trend reversal. The breakout was now successfully tested during a brief pullback and re-break above $0.60 resistance. Upside potential to $0.75 next. Using that test dip level of $0.55 as Stop Loss.
$NEAR had a bullish breakout from Channel Down pattern, which could signal at least a temporary bullish trend reversal with +20% upside potential to $3.00 resistance. Stop Loss at $2.25. That's a Reward-Risk-Ratio (RRR) of 2:1. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. More trade setups at altFINS.
$PEPE There are signs of potential trend reversal: a bullish breakout from Falling Wedge pattern was followed by a Higher High and Higher Low (signs of Uptrend). Price has now reached my target of $0.000010 resistance for +25% gain. I would be a buyer again on pullbacks to $0.000008 or if price breaks above $0.0000010, with upside potential to $0.000012 thereafter.
$SOL $BTC $ETH Big Trend Reversal Coming? altcoins have been in a nasty downtrend since peaking in late December. Check out these returns since their 52-week highs. Altcoins are down 50% or more... However, we are seeing many altcoins trading in Falling Wedge and Channel Down patterns. These patterns typically resolve in bullish breakouts and a trend reversal. At least a temporary reversal, good for 20-50% gains. SOL is a good example...
$LINK Seeing some early breakouts from Falling Wedge but with an additional twist: notice how price was initially rejected at resistance, briefly pulled back and re-broke again. That seems like buyers are in charge. These are intra-day breakouts, so it's early. More conservative approach would be to wait for day's candle closing price. And even more conservative would be to see if price clears the prior swing high... Up to the trader. Find more trade setups at altFINS.
$ATOM There are some early signs of a trend reversal: Breakout from Falling Wedge and price made a Higher Low. Price got rejected at $5.00 resistance and pulled back. Pullback near $3.70 support could be a swing trade entry with +30% potential upside back to $5.00. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend
$ATOM Price is in a Downtrend. After a breakout from Falling Wedge, price is approaching $5.00 resistance and momentum (MACD Histogram) is weakening. Hence, price could pull back to $3.70 support again. More trade setups at altFINS.
$BTC Price has broken below the 200 SMA, which could signal onset of a Downtrend. That 200 SMA now turned from support into resistance. Notice also that the Gap from $74K to $90K from early November (after US elections) has now been mostly filled, which is positive. We would be buyers around $75K.
$XRP Price is in an Uptrend based on altFINS trend ratings. We would be buyers on pullbacks to $2.00 support, which has held up several times, could be a swing trade entry in Uptrend. Stop Loss at $1.80. XRP had been under regulatory pressure from the SEC, which is likely to dissipate under the new White House administration. There's also a possibility of an XRP Spot ETF launch in 2025.
$TRX We would be buyers in the $0.20 - $0.22 support zone, which also lines up with a 200-day Moving Average (200 SMA). There's +30% upside potential back to $0.30. Stop Loss at $0.18. TRON is a killer protocol, fundamentally very strong, carries a ton of transaction volume especially in stablecoins (TRC20...). Find more trade setups at altFINS.
$WIF Price is in a Downtrend, however, it had a breakout from Falling Wedge pattern and it's approaching a robust support area. Notice the huge trade volumes in recent days, which indicates that a robust support base has formed around $0.50 - $0.70 area. Upside potential back to $1.00. Stop Loss at $0.47.
#Xrp🔥🔥 Breakout from Bullish Pennant pattern signaled resumption of Uptrend and price broke above $3.00 resistance as well. That breakout was successfully tested and $3.00 turns into support. That confirms the breakout and price could revisit $3.84 (ATH from January 2018). Stop Loss at $2.80. More trade setups at altFINS
#SUI🔥 Bearish breakout from Channel Up pattern could signal a temporary trend reversal with downside risk to $4.00 support. Overall, still in an Uptrend (based on altFINS trend ratings) but we need to see where it finds support. $4.00 was also the prior swing low, so if the price finds support there, the Uptrend is intact. If price breaks below that, it could get worse. More trade setups at altFINS.