Ethereum looks interesting after that breakout from the local resistance zone and EMA 200. We are not looking for the current market price zone where we see last resistances to be broken and prices moving slowly to lower zones. We have three potential market zones that can be addressed if we see more red candles today (Monday)! Swallow Team
Cardano is looking sweet after a recent re-test (failed) of EMAs. We are now keeping an eye on a potential further movement to the lower zones here (orange lines) that act as supportive zones. Although we see that the first line has been checked and the price bounced nicely from there, we still seek further moves to lower zones here! Swallow Team
Binance Coin is still looking sweet after that fakeout breakdown of EMAs. Now we are approaching those lines again after another rejection from the upper resistance zone. We are keeping an eye on those EMAs for a potential breakdown, and if we get one, we should see further movement to lower zones here! Swallow Team
The price of bitcoin has secured a price below the previous ATH zone, where we also formed a nice smaller red hammer candle. We are expecting some kind of re-test (which is currently happening) to the $70K zone or near that previous ATH zone, and after that, a nice downward movement towards both EMAs and also the middle line of Bollinger Bands. RSI is showing...
New week is here and another red candle from Bitcoin. We are seeing that pressure from sellers, which is more than good. As you all remember, we have been mentioned for some time now that correction is "must have," and we will get one eventually. Corrections are healthy for future bullish market so keep your eyes up and get ready. This upcoming weeks should be...
Polygon Coin has made a decent breakdown of the local support zone, and the price is now having a re-test of that same broken zone. We are now looking for full rejection near that zone and further downward movement beyond that target zone! Swallow Team
Solana has made a really nice movement where the coin is now forming a nice handle (a reverse one). We are monitoring for rejection to happen and further downward pressure here (eventually breaking that neckline zone). Swallow Team
Dogecoin caught our attention with great possibility of downward movement here after a recent rejection near EMAs. We now have entered into that right shoulder zone, where we also see some pressure from EMAs. If all plays well, we should see a further downward movement to lower zones (possibly breaking that neckline zone). Swallow Team
Uniswap caught our attention, where we are seeing a really good chance of upper zones being reclaimed, where we might find a good entry for potential downward movement (rejection from upper zones). We are keeping an eye on those EMAs, which are only zones of resistance for now, and if we see rejection near those zones, we will see further moves to lower zones; if...
Cosmos has recently had a nice downward movement, resulting in a full breakdown of EMAs and local support zones. As of now, we have also had a successful re-test of the broken zone. We are keeping an eye on potential further movement to lower zones, which has a high probability, but only as long as we strongly hold that re-tested zone. If we see a breakout...
Litecoin has broken out of the local resistance zone, where the price has somewhat secured this zone as well. We are not looking at further pushes to EMAs or a local rejection from the current zone (fakeout scenario). We are waiting for outer zones to be reached, and from there we will be looking for further movement, either to upper zones or to lower zones...
The next coin we are keeping an eye on is the Polkadot coin, which has a good chance of further moving to the upper zones, yet just as good a chance of seeing full rejection from EMAs. We are looking forward to price action, and to be honest, we want to see a touch of 200EMA before fully turning to lower zones, but if we see it happening from a rejection of...
Ripple has made a decent recovery from that nice dump movement. We are now looking at a potential movement towards that next resistance zone near 200 EMA, which would also leave the price of RSI in the overbought zone. Once we reach that zone, we will look at potential entry from there! Swallow Team
Cardano is showing some strong momentum here, where coin is pushing towards that 200EMA (looking for a breakout). We are monitoring the 100 EMA line and resistance zone from where we are looking to see a good rejection (if the price reaches this zone). If we see early rejection near 200EMA, we will be looking at early trade as well! Swallow Team
The Chainlink gameplan remains the same, where we have a head & shoulder pattern. Price has nicely bounced from the local neckline zone and reached 200EMA, where we see some sort of struggle now. We expect further push and some sideways movement here, and then, of course, a nice breakdown of the neckline and further movement to the lower zones here! Swallow Team
We are monitoring the push on Binance Coin, where the price is going towards that upper resistance zone. While it is early to say, we are looking for a rejection, and if we see one, we will be looking at a good downward movement towards 100 & 200 EMAs. Swallow Team
AAVE coin has had a nice small consolidation after that nice downward movement from breaking both 100 and 200 EMA. We have displayed 2 points of interest for us where we will be looking for a potential downward movement; all we have to do now is wait! Swallow Team
Cosmos has fully broken away from EMAs and the local support zone (which has turned into a resistance zone). While we see the re-test happening, we are looking for a potential further breakdown from the current zone, but we are cautious as we see how oversold the RSI is and also the fact that EMAs have not been re-tested at all. So, we keep an eye on the...