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Relative Strength Index (RSI)

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
Short
by SwallowAcademy
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
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
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
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
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
Short
by SwallowAcademy
4
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
by Elysian_Mind
Bitcoin(BTC): Markets Are Extremely Greedy!! Be Careful!!The second day of the week started with some breakouts from $45K, which has been one struggle zone for many days already. Now that we have broken that zone and resulted in another big green candle (which lately has been common), we have entered into the "Extreme Greed" situation with the marekts! Only based on that index can we assume that we will see a drop, but this is one good additional confirmation for us that we are going to see a nice potential downfall very soon! Greed and Fear Index: Extremely Greedy / 76 Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
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