Bear Market Target – Altcoins
Bear Market Target – Altcoins
- July 15, 2022
- Posted by: Indyk
As per members request i will be updating this noticeboard over the coming week with the following Alts, ADA,AVAX,AAVE,SYS,NEAR,FTM. You can apply the strategies covered in the Bear Market Buying Strategy notice, or if you want to be super aggressive to wait for the ultimate lows, remember the cons are price action is not guaranteed to get there. It’s only when price action plays out & if crucial supports are broken can we then look at lower targets more accurately.
I will look to continually update this thread with new targets.
As you can see ADA is approx 87% down from ATH price & on a 2018 bull cycle support level, this target was given to IKFX workshop students as earlier as March 2021, so buys can be staggered soon. If this support gets broken we can then look at the next optimal buy zone.
Entry 1: $0.36-0.40c
Entry 2: $0.15-0.17c
From an ATH of $665 AAVE has had a spectacular drop of 93% – In essence we are at all time lows for this asset and a buy opportunity was $46 region in June. If this support gets broken then new lower targets will have to be assessed in line with price action. There will more than likely be another bite of the cherry to gain an entry for AAVE
Entry 1: $30-50
90% down from an ATH price of approx $151 – a crucial support of $40 was broken, price is approaching the next critical support area which would be approx 95% down from ATH’s
Entry 1: $9-10
Entry 2: $3-5
Sys is approx 92% down from its ATH – It tapped $0.10c region as far back as 21st June 2021 then on multiple occasions for a month before exploding to $1.25 – this area is a powerful level. It’s now revisited this area on 13th June almost exactly 1 year later and is gaining support again. current price is 0.17c and 75% up. Ideal re-entry would be for a re-visit of the support area.
Entry 1: $0.07-0.10c
Broken through major key level in May this year at $7, the capitulation caught support on a major trendline on 13th June at $2.82 & has got support there for last 5 weeks in a row, a good initial buy in would be another re-test of the trendline as this level has been a catalyst for major rallies in the past.
Entry 1: $2.85-3.00
Entry 2: $1.55-1.90
Another one that is over 95% down from ATH and is gaining support at a key level, in July 2021 this level propelled FTM to a 2177% gain reaching an all time high price of $3.52 approx. Price has now tapped back into this zone.
Entry 1: $0.15-0.20c
Entry 2: $0.04-0.04c
Currently down 85% from recent cycle high’s, has gained support at a long term key level, optimal entry was a tap of the trendline at $0.28c, current price is approx $0.35c, you can start to accumulate into XRP now or await another test of the key level.
Entry 1: $0.25-0.28c
Entry 2: $0.16-0.18c
ETH dropped 82% from cycle high hitting $888 on week beginning 13th June, just like XRP it gained support at a key level for 5 weeks before making this rally which reach $1630 approx an 85% gain! A re-test of the key level of $1100 region is where we can start to pay attention for further support and rallies again. The next key level upon a break of the support is at approx $800-850 area. you can start to DCA in at the following
Entry 1: $1020-1100
Entry 2: $800-850
Entry 3: $445-500
Litecoin has melted through its key level support & is now acting as resistance, we will very likely come into the $40 low region once again that was tapped on the 14th June, which is also a 2018 bull market support level.
Entry 1: $40
Entry 2: $25-30
Disclaimer: Not financial advice