Polygon(MATIC): Breakdown In Process!! Good To Short?This one caught our attention as well, with a full-scale breakdown happening right now in the local trend zone.
We are seeking a breakdown here to take full control of the trend where daily closes and secure that zone. It might be a really good opportunity here, for sure!
Swallow Team
Relative Strength Index (RSI)
Doge Coin(DOGE): Good To Sell More!Doge is here with a good possibility of downward movement.
After consistent upward movement, the price has reached its end near $0.107, which is now marked as ATH in its current state.
After that, we had a nice dump, which started the "weakness" movement, so here we are seeing further downward movement!
Swallow Team
Crypto.com(CRO): Will We Fall More?Coin has had a nice downward movement since that liquidity dump on January 3rd.
After closing the price way higher, leaving the coin with such a big wick, we see the price slowly going towards that lower zone.
We are looking for price to reach lower zones here for sure but before that, we might see one last test to upper zones (upper/lower range)
DCA is one option here, for sure!
Avalanche(AVAX): Moving Down & More DownAvax caught our attention a very long time ago, but here is a TA for late traders.
We see two possible entries here on Avalanche Coin, both of which are short positions.
Despite coin showing high demand in lower zones and weakness, we are suggesting looking for perfect entry which are near upper resistance zone or below lower liquidity line (upon breaking that one)
Avalanche(AVAX): Near The Major ResistanceAVAX has had a magnificent bullish movement during the past few past weeks but it seems like it is getting tired and bulls are not feeling so pushy
There are high chances to see prices rebound near lower zones for some kind of correction!
Swallow Team
Bitcoin(BTC): Getting Weaker And WeakerBitcoin is still dropping and showing further weakness here, even on today's daily candle.
Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone).
We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time now).
Swallow Team
Litecoin(LTC): Bullish Or Bearish??LTC is back on radat with another touch to upper 200EMA after that massive liquidity movement on to lower zones.
Despite the fact that we had a nice rejection (another) at EMA we are waiting for perfect setup to form in order for us get a good entry. What do you think? Will we see a breakout in the upper zones or a breakdown in the lower zones?
Bitcoin Bullish Outlook for January 2024INDEX:BTCUSD is currently inside its bullish channel. My target is $51k still the same as my previous outlook.
RSI is showing exhaustion on the daily chart but i still expect it to hit the upper channel trendline first before a pullback. It is a one last push before a relief pullback.
Hopefully when the price of Bitcoin drops, Ethereum and the rest of altcoin will still rise. That signals altseason because the money flows from bitcoin to altcoin.
Bitcoin(BTC): We Getting Ready For Another Drop!While Bitcoin has had some moody moves with a punch of quick up and down moves (on a smaller timeframe), we are seeing a nice small correction that has happened on Bitcoin, where currently we are again seeing weakness at the beginning of this day.
As we are back in our upward tunnel and yet we did not fully re-test those upper zones, we might see an early downward continuation of the movement. Eyes are open, for sure, here.
Many have been asking about the "bullish movement." As of now, we are not seeing any good reason for bullish movement to happen!
NZDUSD 30m Double bottomOn this chart for NZDUSD 30m you can notice that the price is forming a Double bottom. The bottoms are bouncing from a strong resistance range that has been created from multiple low points starting from the 14th/15th of December 2023 ( Zoom out the chart so that you can see them ).
Additional confluences:
- MACD Bull cross
- RSI was oversold at the time of the first bottom and now it's showing reversal in momentum
Ethereum(ETH): Will We Head Towards $3500 Soon? We are back with the ETH coin, where we see that after that major breakout near $2150 we had, a clean re-test price seems to be ready for another bullish movement sooner or later.
As we are getting closer to the close of the yearly candle price, it seems to act like a "calm before the storm," where the price is making minimal moves but still teasing both buyers and sellers.
We are looking at a bigger picture here for a potential bullish movement after breaking that upper resistance line (orange line). Once. we break and secure it we should be good for long-term movement towards $3500
Bitcoin(BTC): We Had A Dump, Did You Sell Like We Did?The new week is here, and the first day is looking promising for bulls, but is it enough for a push??
Let's be honest here: prices were way to high and still are (pre-halving push is not good for BTC)
We are seeing this as a nice start of downward movement here and we see almost zero to none chances of price reaching $50K as of now (but who knows, we might change our mind about it as we have to judge the coin in its current state)
One point of interest for us is also the $45K zone, which might be re-tested one time before further movement, so eyes open at that zone. Overall, we are still seeing further movement to the FWB:36K zone at least.
So far we are repeating 2019 Scenario!Mid-Cycle Top?
So far we are repeating 2019 Scenario
Same RSI overbought level🔻
Same rejection off the Major Resistance🔻
All I think we need to see a correction for 💰 $BTC.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Theta(THETA): EMAs Are Holding The Price!Theta has reached the zone of EMAs, which is holding the price back, or is it?
We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs.
What do you think? Which way will we go?
Swallow Team
Bitcoin(BTC): Another Rejection At $45,000With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness.
Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing the ETF.
With that being said, we are still looking for BTC to go into the liquidity grab zones. We personally are still short.
Sandbox(SAND): Bounce To Upper Resistance?Sand had a nice breakout from EMAs, securing this zone perfectly!
We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position!
We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone)
Waiting out for perfect setup and a potential bounce to upper zones here!
Swallow Team
Aave(AAVE): Reached The ResistanceAfter last time where we caught 18% of movement, the price of AAVE is now showing some strength where it is attempting to breakout from the upper resistance zone!!
As we are near this crucial zone, we are waiting for a clear sign of a breakout or rejection to happen from where we will be trading accordingly!!
We have displayed two possible positions that can be taken!!
Swallow Team
Tron (TRX): Rejected By 200 EMA + Bollinger BandsWe are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands.
With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower.
We are looking for lower support to be reached one more time and potentially being broken as well!
Swallow Team
Doge Coin(DOGE): Breakdown After Breakdown?After an amazing liquidity movement to lower zones that DOGE coin has (which we also caught in our previous TAs), Price is getting ready for another movement to lower zones, it seems.
With market uncertainty, DOGE is struggling to maintain upper zones after that liquidation movement. We are keeping an eye on a potential breakdown here, which would also mean we will be going for lower zones here with DOGE coin!
Swallow Team
Bitcoin(BTC): ETF Is Live...Will We Dump Or Pump?ETF is live, and billions of dollars have been going into the crypto trading markets!!
Although this is a huge milestone for Bitcoin, we are not so optimistic for bullish markets to start yet! - Yes, we now have big institutions that can buy in on Rypto, but would they buy in on such a high price?
With that being said, we are still seeing that downward possible movement to happen, which would go towards at least $34K zone (where majority of liquidity is currently at)
Currently, fighting over the FWB:48K zone price is not seeing any strength to actually pursue that FWB:48K zone as of now. Let's see...
Greed and Fear Index: Extremely Greedy / 76
Bitcoin(BTC): Fake ETF Approval = Markets Dumped!Here we are touched nicely by that FWB:48K zone that we have been telling you about and also which activated for us the third and last entry on our short position.
We are now looking to see no more further growth here and more downward movement, for sure!
As we mentioned already, we see that fake news we had was like a small test run. People have seen an approval, yet markets dumped even before the confirmation of it being fake announcement. Traders are shorting and going by the rule of "Buy The Rumor, Sell The News."
Swallow Team
Litecoin(LTC): Can We See Another Drop?The LTC coin has caught our attention with some nice potential for history to be repeated!
We are seeing how, after forming some bullish trends, we have been eventually breaking them from time to time.
With that being said, we are seeing a similar outcome, where currently we had a breakdown and now we are entering the "sideways movement" phase.
During that phase, multiple positions can be taken, but as of now, this is just raw material, as we need to see if we will form any clear trends here!
Swallow Team
Uncertain EURUSD, but These Levels are likely ImportantUncertain EURUSD, but These Levels are likely Important
Dear Esteemed Members,
I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors.
As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently experiencing a downtrend. Examination of the four-hour chart reveals that the pair remains below both the 50- and 100-hour exponential moving averages in a downward trajectory. The relative strength index (RSI) is also bearish, dipping below 40, reinforcing the prevailing bearish sentiment. Immediate support is identified at the 1.0920 level (200-hour exponential moving average), followed by the 1.0880 level (lower boundary of the rising regression trend channel) and the 1.0850 level (Fibonacci retracement of the latest rise).
Conversely, potential resistance levels for the EUR/USD are at the 1.0970 level (100-hour exponential moving average), the psychological and static level at 1.1000, and the 1.1050 level (midpoint of the rising channel).
In addition to technical factors, fundamental influences shape the EUR/USD exchange rate in the coming days. Attention focuses on the upcoming United States December labor market report, encompassing non-farm payroll (NFP) changes, average hourly earnings growth, and the unemployment rate. Market expectations project a 170,000 increase in NFP, a decrease from the 199,000 recorded in November. A higher-than-expected NFP could bolster the US dollar, exerting downward pressure on the EUR/USD exchange rate. Conversely, a lower-than-expected NFP may weaken the US dollar and elevate the EUR/USD exchange rate.
Kind Regards,
Ely
