📈📉 I'm Trading THIS Altcoin for 173% Gains!
And Another For 155% Gains!
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Hey everybody,
Over the last two days, we have seen the crypto market begin to correct. It found support a few hours ago and has started to move higher. The crypto market is overbought on higher timeframes, so the question now is whether it will move up to retest the recent breakdown or break above Monday’s high. July has traditionally been weak for the crypto market, and with the U.S. stock markets now at all-time highs, could there be further downside over the next couple of weeks? We are starting to see some cash flowing into certain altcoins such as ETH, and we hope to see a bigger drop in Bitcoin dominance going into next month.
Let’s take a look!
Sheldon
Overview
Chart #1 - Ethereum (ETHUSDT) 1-Day
Chart #2 - Bitcoin (BTCUSD) 1-Day
Chart #3 - Injective (INJUSDT) 1-Day
Chart #4 - Aerodrome Finance (AEROUSDT) 1-Day
Chart #5 - Algorand (ALGOUSDT) 12-Hour
Chart #6 - Brent Crude Oil 8-Hour
Chart #1 - Ethereum (ETHUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of ETH has started to show strength over the last couple of weeks, and with the recent retrace in the market over the past two days, it has pulled back into the next support level, providing an opportunity to enter a long spot trade. Side note: If BTC breaks key support levels, I will close the trade.
Entry: Enter a long spot trade at around $2,375
Take Profit (TP):
TP1: $2,700 - $3,100 (14% - 31%)
TP2: $3,300 - $3,500 (39% - 47%)
Stop Loss: Just below $2,100
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Chart #2 - Bitcoin (BTCUSD) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
Over the last six weeks, Bitcoin has continued to create lower highs on the higher timeframes.
On Monday, price was rejected at around $109,000, and has since retraced downward. Earlier today, BTC found support at the 50-day moving average and has started to move higher once again. The question is whether this is just an upside retest, or if there’s more downside to come. The next support level is around $104,200, and if that breaks, price could test the next support near $100,700, with some traders even calling for a deeper retrace to around $90,000, where liquidity sits in an April CME gap.
July has traditionally been weak for Bitcoin, and after such a massive run, a correction may be due.
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Chart #3 - Injective (INJUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of INJ has retraced to the next level of support, and with Bitcoin finding support earlier today, this gives me an opportunity to enter a long swing position. Again, if BTC breaks key support levels, I will close the trade.
Entry: Enter a long swing position at around $10.25
Take Profit (TP):
TP1: $14.00 - $16.30 (37% - 59%)
TP2: $20.00 - $23.00 (95% - 155%)
Stop Loss: Just below $9.50
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Chart #4 - Aerodrome Finance (AEROUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
AERO has shown a lot of strength over the last couple of months. It has recently retraced to the next key support level, where the 0.382 Fibonacci retracement also sits, acting as additional support at this zone. As with all altcoins, if BTC starts to drop key support levels, I will close the trade.
Entry: Enter a long swing trade at around $0.75
Take Profit (TP):
TP1: $1.04 - $1.32 (39% - 76%)
TP2: $1.60 - $2.05 (113% - 173%)
Stop Loss: Just below $0.70
“Joined a few hours ago, then joined the first live session and took the first signal on Discord. Got a huge gain within 3 hours! The Banter / Sniper Team is amazing. I have been watching Crypto Banter videos for over a year and also took part in sniper school. But this is best and last piece of the puzzle that I was missing. Thank you!” - Paul
Chart #5 - Algorand (ALGOUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
ALGO has retraced to the next key support level, where the 0.618 Fibonacci retracement also sits, acting as additional support and providing an opportunity to enter a long spot position. You know the drill by now, if BTC breaks key support levels, I will close this trade just like the ones I mentioned before.
Entry: Enter a long spot trade at around $0.17
Take Profit (TP):
TP1: $0.1875 - $0.21 (10% - 24%)
TP2: $0.24 - $0.26 (41% - 53%)
Stop Loss: Just below $0.1620
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Chart #6 - Brent Crude Oil 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of Brent Crude Oil has retraced to the next key level of support—this follows a cease-fire announcement in the Middle East. I’m looking to enter a long spot position only if the overhead resistance at $69.00 is broken and flips to support.
Entry: At a break and retest of the $69.00 level.
Take Profit (TP):
TP1: $73.50 - $76.00 (7% - 10%)
TP2: $79.00 - $83.00 (14% - 20%)
Stop Loss: Just below $67.00
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