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Relative Strength Index (RSI)

Bitcoin(BTC): Shorting Towards $32-34K Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe. This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Bitcoin(BTC): We Are Getting Ready For Dump!New Week is here, and after a nice yearly closing, we see price has now made any significant attempts to secure $45K zone, which means that traders are not feeling anymore, so it is safe to push prices further as of now! With that being said, we actually see a potential movement towards that $45-48K zone, but that would be the maximum where price could go. After that (or even from the current market price), we can see a very sharp liquidity sweet (long squeeze), which can lead the price to as low as $26K or even lower! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
4
Solana(SOL): Way Too Overbought???We're standing at a critical juncture. The price is currently challenging a resistance zone; a decisive close above this level could catalyze a significant surge towards higher zones. This resistance area has been a battleground in recent times, and a secure breach could shift market sentiment to a further bullish stance. Conversely, failure to overcome this resistance, particularly with a weekly close below resistance, could signal an inability to maintain bullish momentum. In such a case, a downward trajectory towards the lower Fair Value Gap (FVG) zones may unfold, offering a reclamation opportunity for bears. This dual-scenario outlook underscores the importance of the upcoming weekly close, which will likely dictate the short- to medium-term trend for SOL.
by SwallowAcademy
23
Dogecoin(DOGE): Has reached Major Resistance / Rejection? DOGE is at a pivotal moment, as it confronts a significant resistance zone. After a substantial rally, the RSI is telling us that the market is overheating and entering overbought territory. This could indicate that a correction is near the corner. We're watching for a decisive move; a sustained break above the resistance could signal continued bullish momentum, while a rejection might lead to a retracement towards the lower support levels at $0.08230 and potentially to $0.07535, which are our current targets as we stay below this resistance zone. As always, we'll look for confirmation in the price action and other indicators before making any moves.
Short
by SwallowAcademy
18
#SOL/USDT 8h (ByBit) Ascending wedge breakout and retestSolana just printed a gravestone doji star which may have marked the local top after such rise. RSI got rejected on overbought territory as well, finally looks like it could correct towards 50MA. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 4.8% Current Price: 92.835 Entry Targets: 1) 94.926 Take-Profit Targets: 1) 79.273 Stop Targets: 1) 102.772 Published By: @Zblaba CRYPTOCAP:SOL BYBIT:SOLUSDT.P #Solana solana.com Risk/Reward= 1:2.0 Expected Profit= +82.4% Possible Loss= -41.3% Estimated Gaintime= 5-10 days
Short
by TradingOn
Bearish Continuation?? - EJHere I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us a Solid Bearish Break below the Support Leg of the Rising Channel to continue LOWER! Strengthening my Bearish Bias is the Flattening of the 200 EMA with Price working LOWER out of the Consolidation Zone and the Interaction of the EMA with price showing strength possibly switching! *Still waiting for Break and Close BELOW 200 EMA to confirm* Be Aware! Price is still playing within the Parameters of Consolidation so I've marked the potential reversal area as the Support Zone. Fundamentally this week: EUR - Holiday (Mon) PMI (Wed) CPI (Thur) JPY - Holiday (Mon) *Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- **If Price Breaks and Closes above Rising Channel, Pattern INVALIDATED! **If Price Breaks and Closes below Rising Channel, Pattern CONFIRMED!
Short
by Novi_Fibonacci
Potential Inverted H&S - GJHere I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no longer wants to continue Lower and wants to make HIGHER HIGHS!! What we are waiting to see is for price to retest the "Neckline" one last time for a 3rd Touch before giving us a BULLISH BREAK to continue HIGHER!! Strengthening my BULLISH BIAS is the Bullish Divergence on the RSI indicator showing price, after being HEAVILY Oversold Dec. 7th, wanting to reverse in the opposite direction. Fundamentally, this week GBP - "Clear" JPY - "Clear" **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! -Pattern Prediction- *If Price Breaks and Closes below 179.783, Pattern INVALIDATED! *If Price Breaks and Closes above 184.065, Pattern CONFIRMED! **Price Action after Confirmation of Pattern will initiate my Trade Action Plan!
Long
by Novi_Fibonacci
Bitcoin(BTC): Struggle To Break $45K - Good Moment To DCA!For the last 21 days, the price of BTC has been held back by that major resistance zone at $45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance. With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins). We are still seeing a nice breakdown happen to reclaim those major liquidity zones at $34K and $26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Bitcoin(BTC): Downward pressure is high!! END of Year is closer!On the third day, we see price has had a really nice movement towards our trend zone and is holding it strong. Yesterday, the candle had a small bounce from the FWB:42K zone (where our trend is lined for now), but today's candle is showing us further downward pressure. The next thing to seek is a potential breakdown of that trend, and from there, just start looking for move zones that can be broken. Our major target of $34K is getting closer and closer! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy