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August 20 Weekly Signals Summary

This week, Bitcoin still ranged between 48k and 43.8k. It has retested the 20 day SMA level and reclaimed 200 days SMA. This week also saw the crossing of 100 and 50 days SMAs. The resistance zone above is a major block so that it may retrace in the range before any movement.

The bitcoin dominance lost another 1% from the previous week and, many cryptocurrencies are pumping hard. Solana and Cardano recorded their all-time-Highs and others also had a good week. If the Bitcoin ranging continues, we can expect another good week for alts.

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LITUSDT

13 August, 2021

Whaletank Signal

We have retraced back to the ribbon support, with bullish indicators still on, bullish trend and structure on LTF, bullish momentum.
Price will be targeting the next supply zone.

  • Risk: 1%
  • Entries: 4.74, 4.68, 4.63
  • Stop loss: 4.54
  • Targets: 4.96, 5.02, 5.08

Status

Let’s book our small profit here. The current price, 4.744.

Profits: 0.40%

KSMUSDT

16 August, 2021

Whaletank Signal

We got a bullish trend confirmed on all timeframes; with HTF/LTF bullish structure, and bullish momentum on indicators, we’re looking for the next supply zone regardless of the high funding rates.

  • Risk: 2%
  • Entries: 287.79(CMP), 285.16, 282.70
  • Stop loss: 278.14
  • Targets: 294.80, 297.12, 299.47

Status

All targets have been reached already; we only caught the first entry, but it’s still MONEY.

Profits: 1.94%

ALGOUSDT

16 August, 2021

Whaletank Signal

We got a bullish trend confirmed on all timeframes; with HTF bullish structure and bullish momentum on indicators, we’re looking for the next supply zone regardless of the high funding rates.

  • Risk: 2%
  • Entries: 0.9998, 0.9914, 0.9827
  • Stop loss: 0.9715
  • Targets: 1.0288, 1.0355, 1.0403

Status

The first target has been reached after we caught only one entry, so we can cancel the rest of the entries and let it run.

Profits: 0.69%

CTKUSDT

17 August, 2021

Whaletank Signal

We got a bullish trend confirmed on all timeframes; with HTF bullish structure and bullish momentum on indicators, we’re looking for the next supply zone.

  • Risk: 2%
  • Entries: 1.944(CMP), 1.888, 1.843
  • Stop loss: 1.744
  • Targets: 2.194, 2.25, 2.31

Status

Profits: 0.48%

One of our free channel traders shared this amazing money shot with us after following our signal.

ADAUSDT

17 August, 2021

Whaletank Signal

We got a bearish trend confirmed on LTF’s; we’re looking for the next demand zone with a bearish structure and momentum on indicators. 

  • Risk: 2% 
  • Entries: 2.072(CMP), 2.087, 2.098
  • Stop loss: 2.138
  • Targets: 1.991, 1.976, 1.959

Status

Trade is canceled.

CVCUSDT

17 August, 2021

Whaletank Signal

We got a bearish trend confirmed on LTF’s; we’re looking for the next demand zone with a bearish structure and momentum on indicators.  

  • Risk: 2%  
  • Entries: 0.3350(CMP), 0.3365, 0.3389
  • Stop loss: 0.344
  • Targets: 0.319, 0.316, 0.313

Status

Trade is canceled.

DOGEUSDT

17 August, 2021

Whaletank Signal

DOGE has bullish momentum with bullish indicators on HTF, retesting the ribbon and forming a triangle pattern. We expect to continue the upward movement on LTF.

  • Risk: 1%
  • Entry: CMP(0.333), 0.33, 0.3262
  • Take Profit: 0.3496, 0.3559, 0.3645
  • Stop Loss: 0.31685

Status

The market trend has changed, and the price has reached SL.

Profits: -1.00%

1INCHUSDT

17 August, 2021

Whaletank Signal

The LTF during the night has been broken, and it appears we are heading into a short-live bullish one; since we have made a bullish momentum on the LTF indicators and have been riding the LTF ribbon/cloud our target is the next LTF supply zone.

Warning: Don’t FOMO all-in at the current market price. Our entries are placed below the current market price.

  • Risk: 2%    
  • Entries: 3.129, 3.093
  • Stop loss: 3.047
  • Targets: 3.267, 3.310

Status

Dropped to our break-even exit price. Our bullish momentum has been weakened with the recent fallout, and we had our hedging position ready for such case(#RUNE), 2 other longs are still open.

Trade is canceled.

WAVESUSDT

18 August, 2021

Whaletank Signal

The LTF during the night has been broken, and it appears we are heading into a short-live bullish one; since we have made a bullish momentum on the LTF indicators and have been riding the LTF ribbon/cloud our target is the next LTF supply zone. 

Warning: Don’t FOMO all-in at the current market price. Our entries are placed below the current market price.

  • Risk: 2%     
  • Entries: 22.604(CMP), 22.369, 22.192
  • Stop loss: 21.1868
  • Targets: 23.091, 23.302, 23.478

Stauts

Profits: 0.39%

RUNEUSDT

18 August, 2021

Whaletank Signal

Bearish trend on LTF’s with bearish momentum on the indicators, we’re looking for the next demand zone.

Warning: Don’t FOMO all-in at the current market price. We place entries according to what has been given here.

  • Risk: 2%
  • Entry: 8.363, 8.428, 8.507
  • Stop Loss: 8.764
  • Targets: 7.792, 7.712, 7.631

Signal update

We closed our longs right on time, and our short is doing fantastic; too bad we couldn’t catch more entries since we had a giant wall midway.

Signal update

Book profits here. We’re closing this a bit early to secure profits after our targets were missed by an inch. Current price: 7.936

Profits: 0.07%

SRMUSDT

18 August, 2021

Whaletank Signal

SRM has got bullish momentum with bullish indicators. We expect to retest the ribbon on 15minute TF and continue the upward movement.

Warning: Don’t FOMO all-in at the current market price. Our entries are placed below the current market price.

  • Risk: 1%
  • Entry: 7.05, 6.93, 6.83
  • Take Profit: 7.89, 8.25, 8.55
  • Stop Loss: 6.395

Status

Price hasn’t catch entries and canceled after turning the market trend.

Trade is canceled.

OCEANUSDT

19 August, 2021

Whaletank Signal

We got bullish momentum with bullish indicators on LTF, with a bullish trend that should continue; our targets are the next daily supply zone, reasonable funding rates. 

Warning: Don’t FOMO all-in at the current market price. We place entries according to what has been given here.

  • Risk: 2% 
  • Entry: 0.7888, 0.777, 0.766
  • Stop Loss: 0.729
  • Targets: 0.892, 0.926, 0.947

Status

Trade is canceled.

1INCHUSDT

19 August, 2021

Whaletank Signal

We got bullish momentum with bullish indicators on HTF/LTF, with a bullish trend that should continue; our targets are the next daily supply zone, reasonable funding rates.

Warning: Don’t FOMO all-in at the current market price. We place entries according to what has been given here.

  • Risk: 2%
  • Entry: 3.295, 3.237
  • Stop Loss: 3.126
  • Targets: 3.625, 3.779

Status

Close with a tiny profit. It violated our LTF criteria’s on the 5min, too risky for us now.

Profits: 0.11%

One of our free channel traders shared this amazing money shot with us after following our signal.

CRVUSDT

19 August, 2021

Whaletank Signal

Bearish trend on HTF’s with bearish momentum on the indicators, we’re looking for the next demand zone daily.

Warning: Don’t FOMO all-in at the current market price. We place entries according to what has been given here.

  • Risk: 3%  
  • Entry: 1.941(CMP), 1.996, 2.041
  • Stop Loss: 2.108
  • Targets: 1.776, 1.741, 1.712

Status

Close this one. We are near break-even price; it has confirmed an LTF bullish trend, we might go in a different direction after finishing the analysis.

Trade is canceled.

LTCUSDT

19 August, 2021

Whaletank Signal

LTC is a downtrend with bearish momentum and bearish indicators and with a descending triangle. We are taking entry on the ribbon and targeting the daily demand zone.

  • Risk: 1%
  • Entry: 164.75, 165.5, 166.4
  • Take Profit: 160.9, 158.4, 155.65
  • Stop Loss: 168.6

Status

Profits: -0.62%

CHZUSDT

19 August, 2021

Whaletank Signal

CHZ is a downtrend with bearish momentum and bearish indicators indicating continuation, currently inside a bearish descending triangle. We are taking entry on the ribbon and targeting the daily S/R levels.

  • Risk: 1%
  • Entry: 0.325, 0.327, 0.3288
  • Take Profit: 0.3088, 0.296, 0.2822
  • Stop Loss: 0.3395

Status

Profits: -0.37%

LINAUSDT

20 August, 2021

Whaletank Signal

We got a bullish trend confirmed on LTF’s; with LTF bullish structure and bullish momentum on indicators, we’re looking for the next supply zone on a daily. 

Risk: 2% 

Entries: 0.0621(CMP)

Stop loss: 0.0581

Targets: 0.0696, 0.0730, 0.0761

Signal update

Let’s stop losses to the profit area before heading to bed; we don’t want any surprises. New SL – 0.0627

Profits: 0.30%

One of our free channel traders shared this amazing money shot with us after following our signal.

The post August 20 Weekly Signals Summary appeared first on Whaletank Blog - Market Maker News.

Read more: https://whaletank.trade/blog/august-20-weekly-signals-summary/

Text source: Whaletank Blog – Market Maker News

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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