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Overbought

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
Bitcoin(BTC): Pre-Halving Drop? / Repeat Of History?Bitcoin's monthly chart is painting an intriguing picture as we edge closer to the April 2024 halving. The price is not only going for an attempt to test previous all-time highs but the RSI is echoing a pattern from the last pre-halving period, striking a pattern to be repeated with historical price movements. As we see the RSI return to levels it last saw right before the drop caused by the halving, traders who have been in the business for a long time are on high alert for a possible repeat of history. The way the market is going now reminds us of the push before the halving. P.S. Past performance does not always mean future performance, but the market is paying attention as so are we. We will all be wise to consider the lessons of the past halving cycles, balancing optimism with a disciplined review of the RSI and price action.
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
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
BTC to see SHARP MASSIVE HUGE pullback in next 48 hoursHello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my technical analysis, and although I am a pro, I do not offer ANY financial advice. NFA!
CRYPTO:BTCUSDShort
by friedolays
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
Solana(SOL): Overbought near Resistance? Solana's recent price action suggests a consolidation at a significant resistance level. The Relative Strength Index (RSI) has retreated from overbought conditions, indicating a potential easing of buying pressure. While currently holding resistance, a good hold near current zones could lead to a test of lower support levels, with the first notable support zone around a 26% decline from the resistance. However, if the resistance gives way to a bullish push, we could see an attempt to reach higher liquidity zones. As SOL oscillates at this crucial level, we maintain vigilance for a clear directional move.
Short
by SwallowAcademy
5
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."
Short
by SwallowAcademy
Binance Coin(BNB): Dumping While Market is Pushing? 👀 The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push) The path ahead for BNB may be choppy, with potential downward movements, but we need to have strong support from where we could see some sort of bounce (or some kind of positive news that could push prices out of this downward movement).
Short
by SwallowAcademy
2
EUR/CAD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Overbought + Supply zone 🟠 EP 1.49437 🔴 SL 1.50724 🟢 TP1 1.48111 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.46692 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.45514 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
5
Solana (SOL): Middle Line Of Bollinger Bands (DROP?)Solana Coin has been on our radar for some time now, so here is a quick update on the current situation: The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
Short
by SwallowAcademy
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.
Short
by SwallowAcademy
2
Dogecoin (DOGE): Resistance, 100EMA, Breakdown??Intriguing scenario on the 4-hour chart. Recent market sell-offs that resulted in a structure break have marked a significant resistance zone, which the market price is currently testing. Despite a slight upward movement, there's a clear tension as traders anticipate whether the resistance will hold or not. If the price sustains below this resistance, then we will go for a movement towards 100 EMA near $0.0775, which is also close to a bullish trend as well. We are looking for weakness to kick in here as BB shows some overbought sings here and marketprice has recently went outside the path of BB as well!
Short
by SwallowAcademy
2
Bitcoin (BTC) - Failed To Hold $38K ZoneThe weekly chart for Bitcoin shows that the price has failed to hold above the resistance zone and the $38K level, closing below both and indicating potential bearish momentum. A new week has begun with a move down from $37,500, suggesting that the bulls are losing their grip. The $29,850 level is a significant point of interest; a fall to this support could signify a deeper correction. However, the $24,260 level stands out as a critical area to watch for a potential bounce or further breakdown. If the downtrend continues, the next target could be as low as $16,095, a crucial historical support zone.
Short
by SwallowAcademy
5
ADA/USDT - Long Wait Has Come To End (We Reached Resistance) The price has reached the anticipated resistance zone, currently demonstrating strong holding power from sellers. Furthermore, the RSI exiting the overbought zone indicates the beginning of a potential bearish trend. This combination of factors—the resistance hold and the RSI shift—suggests that traders may start to see a downward trend in price. Now waiting to see if we will reach that target support around $0.2550 Swallow Team
Short
by SwallowAcademy
Bitcoin(BTC) - Breaking Down From Bullish Channel (Daily Update)Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous movement to lower zones here. Weekly Candles are in favour for bears and same goes for daily candles, which still remain below $38K and also $40K, which both work as some sort of "physiological resistance." Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy