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Bollingerbandstrategy

Ethereum(ETH): As We Thought.....It Was A Fakeout! 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 market. The current candle is critical as it is re-testing the breached resistance. If it holds above, we may anticipate a continuation of the bullish trend. Conversely, if the resistance proves to be unyielding, a pullback to the ascending trendline could happen, which has historically served as a strong support level, providing a rebound for the price.
by SwallowAcademy
2
Dogecoin(DOGE): Major Resistance Worked Well As Of Now! 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 move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone. We keep a close eye on the price action at the triangle and the major resistance zone for indications of whether there will be a bearish continuation or a bullish reversal.
Short
by SwallowAcademy
2
Dogecoin(DOGE): First Bounce After Nice Drop? 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 the price back near the upper resistance, we will be shorting it again with a much bigger size!
Short
by SwallowAcademy
5
Monero(XMR): We Will Sell Soon! 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 that sellers are still in control, and we could expect further downside towards the $157.51 support level. This bearish scenario aligns with the recent drop and will be further substantiated if the price fails to reclaim higher levels soon.
Short
by SwallowAcademy
Solana(SOL): Major Resistance Is Approached!!!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, followed by a more substantial second support at $41—which appears likely to be tested—and a third support at $27.5.
Short
by SwallowAcademy
Bitcoin(BTC): Stuck Inside FVG - Major Drop Incoming!!!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 last attempt towards FWB:48K , where we want to see the start of that major drop that we have been waiting for. We still have a lot of FVG zones to reclaim in the lower zones!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Cardano(ADA): Way Too Overbought - Time To Short?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 sustained close below the middle band could signal further declines, potentially targeting the next significant support at $0.3827. The RSI shows no immediate signs of oversold conditions, which means we still have some room to fall
Short
by SwallowAcademy
5
Ripple(XRP): Multiple Selloffs = Soon Drop?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 major support trendline. A decisive break below this confluence has intensified selling momentum, pushing prices towards the lower Bollinger Band or beyond. Our gameplan is to wait for some sort of re-test in the upper zones (closer back to the middle line of Bollinger bands). Once we are near that zone, we are going to look for a potential further downward movement, and we will catch it as well if we can.
Short
by SwallowAcademy
Ethereum (ETH): How Far More Will We Dump? 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 understanding of the current market situation! If nothing changes and we do not break from the upper rejected resistance, we will most likely move towards the $1950 zone, which last time acted as pretty good support!
Short
by SwallowAcademy
4
Bitcoin(BTC): Dropped 9%, Time For Small Retest! 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 re-test them and potentially liquidate more positions, and after that, we are going to aim for that major drop that we have been waiting for some time now! We still have a lot of FVG zones to reclaim in the lower zones!
BITSTAMP:BTCUSDShort
by SwallowAcademy
Bitcoin(BTC): Liquidated Many Traders!! (Massive Drop) The first day of the week has started with a very sharp movement to lower zones, resulting in some nice liquidity hunting for millions of dollars. With prices getting rejected from the upper zone, we started slowly moving toward FVG zones that have been waiting long enough for them to be reclaimed again. With that being said, it is a little early to say if it was just a long squeeze or if we had an actual rejection from the upper zones, but what we are going to do is look for a potential re-test in the upper zones (near $43,800) with an overall aim to re-claim those FVG areas! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
8
Litecoin(LTC): Below 200 EMA / Drop to Come? The LTC/USDT trading pair on the daily chart is hinting at a bearish outlook following a rejection from the 200-day Exponential Moving Average (EMA). Currently, the price is under the 200 EMA—a bearish sign. We are watching this level closely, as maintaining below it could lead to further downward movement. The presence of long wicks on recent candlesticks suggests that while buyers are attempting to push the price up, sellers are ultimately overpowering them, leading to a close near the low of the day (and showing strength by doing it multiple times). If this bearish pressure continues, we may expect to see the price decline further, potentially testing the next levels of support. As always, we should monitor for any bullish signs or a potential reversal, but as of now, the momentum is favouring the bears.
Short
by SwallowAcademy
8
Ethereum (ETH): Had A Major Breakout From ResistanceThe ETH coin has had a nice breakout from the major resistance zone, where a new weekly candle pushed even further, breaking 100 EMA fully. No long poems here so gameplay is simple: we need to see how new weekly candle will close (if we see a nice closure above resistance zone, we will go for major resistance in the upper zones; if we see a closure of the price below current resistance zone, then we will see a nice re-test of the trend line) It's a classic scenario: price goes for a breakout by intriguing traders for potential further movement to upper zones, but many forget that a re-test is mandatory in such cases.
Short
by SwallowAcademy
1
Cardano(ADA): Weekly Up By 28% 😮 / Will We Drop Now? Cardano (ADA) is experiencing a significant breakout on the weekly chart, as the recent candle has surged past both the descending channel resistance and the key horizontal zones. This impulsive move indicates a potential change in trend, suggesting that buyers are regaining control. But what caught our attention is that the RSI has spiked into overbought territory. If the ADA sustains this momentum and closes the week above these crucial levels, it could signal the start of a more substantial rally. However, given the overbought conditions, we should be vigilant for any signs of a pullback or consolidation before the continuation of the uptrend. The next thing that is most likely to come is a re-test of that same broken trend, so eyes open!
Short
by SwallowAcademy
2
THETA/USDT: Breakout + Re-Test = Bullish Movement? With a confirmed breakout above the descending channel and a subsequent re-test of the breakout point, THETA's weekly chart is indicating a bullish shift. The price surge has established new support, laying the groundwork for an upward continuation. Looking ahead, we're targeting incremental resistance levels, the nearest being a 19.51% climb from our current position. The momentum is strong, and if buyers maintain control, we could challenge the next key resistance level at a 52.79% rise.
Short
by SwallowAcademy