We see a dynamic play between the price action and a firm resistance level that has seen several tests over time. The price recently broke above this resistance, which coincides with the 100 EMA, suggesting a shift in momentum. However, this breakout has led to a fakeout, where the price retracted below the resistance, indicating potential uncertainty in the...
Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands. Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant...
Since yesterday, we have been having a nice movement so far toward our major resistance zone, potentially fulfilling that re-test we have been waiting for! We are aiming here to see the price hover near this zone and open a nice mid-term short position with some major targets and FVG zones to be filled during that movement we are looking for! Swallow Team
We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113. With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see...
Bitcoin is showing some weakness at the start of the day, with the price heading back towards the $40K zone. As our major target are those lower zones (in order to grab all the liquidity there), we are also looking at a potential re-test to the $45,000 zone before that final major drop! Eyes open for sure and not rushing much into "FOMO" mode of missing that...
The XMR/USDT market is displaying some dramatic price action. The recent sharp decline suggests a significant urge for downward movement. Despite these bearish liquidity moves we are having on the market, the price of XMR has re-tested the major resistance (which once was broken and we had a nice fakeout). If this retest turns out to be a fakeout, it indicates...
We're observing a significant development on the ATOM/USDT pair, as we've witnessed a robust breakout from the descending trendline that was previously restraining the bullish momentum. We see that this breakout could lead to a potential retest of the trendline, which, if successful, would confirm the shift to a bullish trend. Currently, our focus is on the $9.7 level.
We see a good potential for retracement from the major resistance zone at approximately $79, which is currently being tested. The RSI is hovering near overbought territory, indicating potential for a price pullback. So with that being said, we are aiming here for three major zones. We have displayed three key support levels: the first support at around $53,...
TRX has caught our attention with a similar pattern to happen soon. First things first, the price of TRX has had an amazing bullish trend, moving and rebounding from it from time to time, but what is more interesting is how it is testing that zone. A similar pattern might happen soon, so keep your eyes open for a potential downward movement towards that trend line!
The fifth day of this week is showing us some further movements towards the upper resistance zone, while yesterday we also had a nice liquidity movement to the lower zones (liquidation hunting). We are still waiting for this zone to be reached on BTC before any significant movement to lower zones (potentially reclaiming many unfilled gaps down there!).
As LTC is trading inside the ascending channel, the price is moving slowly towards the lower line of this channel. From here we have two possible scenarios to play out: Plan A: Upon reaching that trend line price will find a nice foundation and will have bounce to upper trend line! Plan B: Price reaches the lower trend line and has a nice breakdown with a...
Solana coin caught our attention where price has reached very strong resistance line, which has stopped for now that magnificent bullish run on SOL coin. We are looking here for a further weakness to kick in and potentially break that middle line of Bollinger bands, which will result in further movement to higher zones! Our gameplan still stays intact until we...
THIS IS NOT A FINANCIAL ADVICE Conditions 1.Fibonacci level:✅ 2.Bollinger band:✅ 3.Momentum:✅ 4.Price action:✅ 5.Volume:✅ 6.1h tf:✅ 7.4h tf:✅ 8.1d tf:✅
Third Day: After a nice drop we had on BTC, the price has not shown any significant support or volume near the current zone, where the price is stuck inside the FVG zone and gliding slightly above the middle line of the Bollinger Band. Today we are going to have a very volatile day with all those news stories, which we think will push the price finally for one...
The current 4-hour ADAUSDT chart exhibits a notable retreat from recent highs, suggesting a cooling of bullish momentum. The price of ADA has formed a noticeable peak, leading to a substantial red candle that breaches the immediate support level. This shift implies a potential for continued bearish movement. We are to monitor the Bollinger Bands closely; a...
We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the...
Ethereum's price action on the 4-hour chart presents a pivotal moment for traders. Following a recent downturn, ETH has the potential to move towards the critical support zone around $1950–$2010, which previously sparked a rally. Currently, as we got rejected from the upper zones, we are looking at how today's daily candle will close, so we have a better...
Second Day: After amazing movement to the lower zone, re-testing the trend, and filling our first FVG zone, the price has dropped by 9%. During that drop, BTC also liquidated multiple positions (look at the heatmap), and now the closest liquidity is laying in the upper zones. With that being said, we are seeing a high probability of movement to upper zones to...