SwallowAcademy

SwallowAcademy

On a smaller timeframe, we are seeing that the price of Ethereum is approaching yet another important resistance zone where we are intending to see a rejection. If you take a look at our sharp tren (blue dotted line), you will see it was broken, but if you extend the zone further, you will see we are still bounching on it, so the break was a fakeout. Taking...

SwallowAcademy

Ethereum has done a godo 10% movement since our entry from below. But as of now we are approaching a zone of resistance and a possible god place for rejection to happen as well. We are looking here for the rejection from EMAs to happen but this all will turn tables if we see a full CHoCH to form, which would shoot the price to upper zones of $3,330. For now,...

SwallowAcademy

On a smaller timeframe, we see that the price of bitcoin is still trading inside the zone of fakeout, where we see a good fight between buyers and sellers. We are still looking for similar scenario to repeat that happened last. time we went above EMAs and so far this gameplan is still active! Keep an eye on that upper smaller line (orange); as long as we are...

SwallowAcademy

Sellers are dominating near the current zone, where we see the first small signs of weakness so far. This might be a good start for a further movement to lower zones (below EMAs) but for this kind of movement we need to see at least 1-2. daily candles with thick red bodies in a row so eyes on upcoming daily candles!!! Swallow Team

SwallowAcademy

Ethereum on the daily timeframe has found it's supportive ground and has bounced nicely to uper zones towards the daily EMAs here. We are looking for that upper orange line to be reached where we should get our next confirmation of either upward further movement or rejection and a movement back to the support zone! Swallow Team

SwallowAcademy

So far we are seeing a nice 21% upward movement on Ethereum. where price bounced off from our bullish trend line. This seems good so far but we are not rushing into longs here on Ethereum as we are waiting for a final confirmation of ChoCH to form in smaller timeframes so eyes on the $2,800 area! Swallow Team

SwallowAcademy

Bitcoin on a daily timeframe has shown a really strong upward movement, breaking both EMAs and not stopping for a single correctional movement to lower zones. While this movement seems great, it is also too sharp for the current market state, so we are expecting to see any kind of correctional movement, possibly resulting in a BOS over smaller timeframes like 1-4...

SwallowAcademy

Bitcoin's gameplan for the bigger picture has not changed for us. Despite seeing some slight upward moves currently, we are looking for a bigger liquidity sweep to happen to lower zones. So, while we still trade around our major resistance zone, we have not yet broken it, which means as long as we stay below it, our plans for Bitcoin do not change! Swallow Team

SwallowAcademy

Ethereum has reached nicely the resistance zone, where RSI is also showing overbought signs. We are looking for a possible rejection from here and a nice downward movement to lower zones so eyes on the current zone! Swallow Team

SwallowAcademy

Ethereum has been showing good buying pressure, and now our attention is on the upper line, which should align with EMAs in a couple of days. This will be the zone we will be looking for a possible short setup! Swallow Team

SwallowAcademy

While Bitcoin has been pushy, we are still around our zone of fakeout, where bulls have not yet secured this zone. We are looking for a possible rejection near the current area, which would lead the price back below EMAs so all attention is on the current market price! Swallow Team

SwallowAcademy

Bitcoin is still pushy, and the price is not showing any signs of weakness so far. We are waiting further for any confirmations of rejection but so far we are looking more for that upper zone to be re-tested and possibly rejected as well so eyes on that zone now! Swallow Team

SwallowAcademy

Ethereum has a nice small break of a sharp trend that turned around after some fall and now is heading towards the 200EMA. We are looking here for possible movement in fakeouts (below 200EMA) and then a possible rejection, which would drop the price back down so eyes on that EMA now! Swallow Team

SwallowAcademy

Ethereum is back at upward movement and buyers are trying to secure our entry zone for a possible long setup here. We are keeping a close eye on this dotted line but the current push seems a little big off so do not rush into making decisions! Swallow Team

SwallowAcademy

Bitcoin is back inside the zone of chaos where the recent Federal Funds Rate was cut and the price broke fully all EMAs here. We are seeing currently a high dominance from buyers and we are monitoring for a potential breakout to happen from a zone of chaos. If we manage to breakout from this zone, then we should see yet another test of the upper resistance zone...

SwallowAcademy

Bitcoin is still inside our fakeout zone, where price has still the possibility for a sharp turnover to happen. Looking at last time we were at a similar zone where price is above EMAs by about 7% so this is the zone we should see a turnover. If we will push further from here, then this gameplay we planned here will not be valdi anymore!! Swallow Team

SwallowAcademy

Ethereum made a nice rejection from our resistance, where a re-test of it can be considered a successful one. We are now looking for further pressure towards our lower target zone! Swallow Team

SwallowAcademy

Sellers are back at pressuring the support zone, where we are slowly entering the phase of breaking this zone. We are still waiting for a full breakdown but we are pretty optimistic about the break that should happen so keep your full attention in the current zone! Swallow Team