Bitcoin(BTC): Get Ready, We Might See A Fall Soon!As Bitcoin is hunting those upper liquidity zones, we are looking for the price to hover for some time there and eventually move and test that $40K zone.
Currently, after a significant breakout from the $40K zone, we are seeing that volume is slowly fading away, which indicates a potential re-test to happen soon!
Swallow Team
Exponential Moving Average (EMA)
Aave(AAVE): 200 EMA Broken!!!! Now Where? Coin has broken so compliantly that 200EMA is currently re-testing this same EMA.
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
Hooked Protocol(HOOK): 200EMA Holding Strong!!200EMA has been tested multiple times and has been holding strong! With the bullish movement it has been having, it shows good strength for potential growth here, for sure, but we need to keep an eye on that EMA!
As long as we are above the 200EMA, we are going to go further to the upper zones! Once the 200EMA is broken and secured by sellers, we can see some major corrections for HOOK to come!
Swallow Team
Polkadot(DOT): Looking For Short 👀 DOT is looking for a good entry to move to lower zones, it seems.
After another touch at 200 EMA, the price has bounced back up but remains in between 100 and 200 EMA.
We are monitoring for market price movement here and any potential correction to upper zones or a potential breakdown from 200EMA.
Swallow Team
Binance Coin(BNB): Waiting For $335 ZoneBNB has been showing some massive strength here, where prices bounced nicely from 200EMA and 100EMA as well.
$335 zone has been a point of interest for us, and with the current push, we are seeing pretty high price changes heading there!
Once we are there, we will be looking for any potential downward movement or rejection from there!
Swallow Team
EURJPY 30m chart potential Falling wedgeThe the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure
Additional confluences:
- Price has dropped to the support range created from the previous major high
- The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is possible for the price to drop lower. If it does, monitor if it's still in the ranges of the falling wedge. If it goes out of them, then the pattern will be invalidated.
- Price is close to the 200 EMA, Might drop a bit lower to test it before providing a potential breakout of the pattern to the up side
Gold at a crossroad, 200 USD+ move, massive symmetrical triangleThis is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement
If the price breaks to the up side, according to the pattern, it can reach levels of about 2250 - 2270. If it breaks down then it can drop close to the 1800 level
Additional confluence:
- On the daily chart, the price has been showing a lot of respect towards the 50 EMA. On the latest drop it hit it and bounced straight up from it. On the 4H chart, the situation is similar with the 200 EMA
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
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
Enjin Coin(ENJ): Waiting For Perfect Entry! ENJ has been on an amazing rally since October, with prices reaching closer and closer to the major resistance zone.
With them being reached, we are going to look for a potential sell position here, where the target would be towards 200 and 100 EMA.
Swallow Team
Cardano(ADA): 2 Scenarios - Where Now? ADA is the starter of the day with a good potential for both bullish movement and bearish movement.
The first scenario is having a NCI breakdown near 100EMA, which should result in a good entry for a short position.
The second scenario is that once we see a price near $0.068 and have a further breakout, we will most likely see a continuation of the bullish movement with good entry for a long time.
Chainlnk(LINK): Bullish Until ResistanceOur attention got caught by LINK coins, whose price has had a nice bounce from the lower support zone, breaking compliantly that 200EMA and now going for that 100EMA as well.
We are seeing the price hitting the upper resistance soon if this kind of push continues from where we are going to look for a potential short position!
Swallow Team
AI's EUR/USD Pattern & Scalping Range, Local European SentimentAI's EUR/USD Falling Channel & Breakout Odds with Scalping Range
D ear Valued Investors,
Introduction
I would like to provide you with an update on the trading bots' activity. They have been diligently following a short position initiated at 1.101, see the idea above the chart, and I am pleased to inform you that the trade has been successful, as indicated by the success of the forecast on the left side of the chart.
News Trading - Natural Language Processing Results
- The European Central Bank (ECB) is expected to raise interest rates in July, which could strengthen the euro. The ECB has been signaling for months that it will need to raise rates to combat inflation, and the latest data suggests that inflation is still running high in the eurozone. A rate hike would make the euro more attractive to investors compared to the dollar, which is currently yielding very little.
- The eurozone economy is showing signs of resilience. The eurozone economy grew by 0.3% in the first quarter of 2023, and the latest data suggests that growth is continuing in the second quarter. This suggests that the eurozone economy is more robust than many economists had expected, which could support the euro in the near term.
- The risk of a recession in the United States is increasing. The US economy is facing a number of headwinds, including high inflation, rising interest rates, and the war in Ukraine. These factors could lead to a recession in the US, which would likely weaken the dollar and strengthen the euro.
Personal Comment
I live in the EU, and as a consumer, I don't see any sign of recession here. To me, it seems that the US economy bears the bigger weight in the news of the war are about. Objectively, the US economy might be stronger, but the prices don't necessarily reflect the current power. Investors try to speculate which economy will suffer harder and pool value into those that seem resilience. I believe in the resilience of the EU economy, and I experience the local sentiment. While prices are rising, people don't FUD yet. Many seek opportunities to make a profit that can cover the inflation costs. EUR has seemed more resilient so far to the difficulties than the other European currencies. If you live in the EU, you know that many countries still have their national currencies (not EUR), but you can pay with EUR everywhere here. So, it makes sense that many sell their national currencies to EUR. EUR is more resilient, and they can pay with it as smoothly as with their national currencies.
Pattern Recognition AI's Results
Through my pattern recognition algorithms, I have identified a falling channel pattern on the chart. This pattern is characterized by purple trendlines. Despite its bearish implications, the price broke above this pattern on December 11th, suggesting potential bullish momentum.
Scalping Possibilities
Currently, the EUR/USD is in a consolidation phase, trading between the support level at 1.072 and the resistance level at 1.082. These levels align with the EMA 100, and the support line is denoted by the color green, while the resistance line is represented by red. Shorting opportunities may arise from resistance to support.
Neural Network's Prediction
Based on the current technical indicators, I anticipate a scenario in which the EUR/USD gains momentum from the support level and breaks out above the channel. This potential trajectory is depicted by the white lines. In the event of a successful breakout, my neural networks suggest target prices of 1.095 or even 1.100.
Technical Indicators
The fluctuating volume below the channel indicates increasing volatility. Noteworthy bullish indications include the price consolidating above EMA 20, the RSI crossover below on the RSI indicator, and the strong uptrend of MACD since December 7th.
Disclaimer:
I would like to emphasize that this communication does not constitute investment advice. I strongly urge you to conduct thorough research before making any trading decisions. It is essential to recognize that your funds are your responsibility, and past performance does not guarantee future results.
Sincerely,
Ely
FRANCE40 forecastRSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA.
I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard.
It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period.
*This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
ETH/USD - Ascending Triangle and a Double TopETH/USD is in an Ascending Triangle Pattern. We also have what could be a Double Top as well.
Ascending Triangle Pattern = Potentially Bullish
Double Top = Potentially Bearish
Here is a closer look at this 1day chart. Note the Liquidity Void being filled up at the moment.
Here is a closer look at the RSI. Momentum is downwards at the moment but note the over extension of the RSI on the attached Bollinger Bands.
There could be interesting times ahead.
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.
MASK/USDT: Re-Test Might Fail and Show Further Dump! We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to watch, as a solid close below could intensify the bearish trend.
We're on the lookout for potential short opportunities upon confirmation of these bearish signals."
QQQ Simple uncovered Call Option Example Here QQQ is shown on a 15-minute NASDAQ:QQQ chart. I have set up and executed a call option on QQQ.
This is a recap.
The first thing is to plan for the entry area. To do this I set a fixed range for the
volume profile for a couple of days before the trade. Since the trade was on Friday, December
1st, the volume profile began on Wednesday the 29th of November. While the volume profile
may seem complex to look at, I only paid attention to three values- the POC line representing
the price value of the highest amount of trades ( black line) the lower value of the high volume
area ( green line) and the highest value of the high volume area ( red line). The thesis is that
if a trade is taken at the green line with other confirmatory indications such as the fast hull
moving average reversing from a downtrend and the RSI testing the oversold area, that bullish
momentum will push the price to the POC line and perhaps higher if selling pressure from bear
trades do not grow to meet that challenge. The target is the upper line of the boundary of
the volume area while the strike price is the value closest to the POC line.
In this example, the strike price was 390 and the trade was for 10 call options for $ 0.49 each
for a total trade cost of $490. Although the calls expire on Monday December 4th, the trade
was closed when stock price hit the target. The total trade duration was about 2 hours and 10
minutes. The close had an option price of $1.86 yielding $1860 from the inital $490 placed
in the trade. The net profit of $ 1370 represents about $ 450 per hour for the time expended.
The risk with a 20% stop loss is about $100 which is 1% of a $10,000 account.
This is a very simple strategy that can be rinsed and repeated. It can be done with same day
approach or a longer expiration like 5-10 days depending on a trader's appetite for reward
relative to risk, time decay and uncertainties in the market relative to time.
Uniswap Coin (UNI): Might Drop Towards FVG Zones - (18% DROP)The middle line of the Bollinger Bands and recent lows serve as markers for the support zone, which puts traders on edge. A decisive break below this area, confirmed by a sustained move below the middle Bollinger Band, could lead to a test of the lower FVG zones.
We should watch for a retest of the support level; a failure to reclaim this zone may intensify selling pressure, propelling the price towards the lower FVG around $5.28. A break and retest scenario will be critical for confirming a bearish outlook and potentially offering a strategic entry for short positions. Conversely, a bounce from current levels could delay the bearish forecast, but the resistance zone overhead remains a significant barrier to any upward movements.
Litecoin (LTC): Multiple Selloffs = Potential Downward MovementRecent price movement that has not been able to break above the downward-sloping resistance (upper side of triangle formation) line or fall below the local support area (lower side of triangle formation) shows that markets are getting weaker!
Recent trading sessions have been characterized by multiple sell-offs, suggesting that bears may be gaining strength. However, the lack of a clear break below support keeps the door open for potential reversals. We are looking for a possible break below the support zone around $68.71, which could confirm a bearish movement and initiate a move towards lower support levels, potentially around the $60.50 area.
Conversely, if bulls manage to push the price above the resistance line, it could overturn the bearish scenario and potentially lead to a test of higher resistance levels.
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785.
Note:
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity Voids.
Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line).
Here is a closer look at this BTC/USD 1 Week Chart.
RSI:
Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone.
Up/Down Volume: