Tron coin is next on our radar and straight away, looking at the chart, you can see that the price is overbought. Bollinger Bands are broken and RSI is in overbought zones. We are looking here for a local support zone to be reached (tested) and, from there, a possible break of support to happen as well! Swallow Team
We are back with Dogecoin, where we are looking at that 200 EMA in a 4-hour timeframe. We see that indicators have stabilised and the price of DOGE is not in oversold so we are looking for a possible rejection from EMA. If we see it, we should be seeing a good downward movement to lower zones! Swallow Team
Polkadot is still trading in the sideways channel after a recent sell-off we had where the price got stopped at the local support zone. We are now looking for a possible touch to 2 of our resistance zones where we want to see any signs of weakness, which would start a possible second wave sell-off. Swallow Team
Chainlink has not moved since that first wave of sales after we had a nice rejection from 200EMA. While for the last couple of days we have been in more of a sideways channel, we are looking for further movement to lower zones here, so eyes open! Swallow Team
Litecoin has returned to the branch of EMAs where the price has been rejected so far (forming a smaller fakeout above 200 EMA). We are now looking at how the price will reach that zone but as of now, we are looking for a downward movement from here; if not, then a movement to the upper resistance for a bigger drop! Swallow Team
Dydx has yet again reached the 200 EMA zone, where historically we have been getting nice rejections and a start for further downward movement. If we see a nice rejection and price will not break that line there, we should see a nice downward movement from here! Swallow Team
Binance Coin is back in-between EMAs while being below the major resistance zone on the daily timeframe. We are looking for a nice rejection to happen from the current market price up until the resistance zone so we are waiting for any signs of rejection for now, which would give us a good movement! Swallow Team
Ripple is still sitting near the resistance zone, looking for another sharp rejection from here. As you remember previously, we have caught some nice sharp moves on the XRP coin, so we are looking for another similar movement to happen, so eyes open now! Swallow Team
On a daily timeframe, we are looking for a possible final switch of trends to happen here. As we all remember, we had a nice dump movement that touched $50K + all EMAs. While we had a nice rally, we also had a nice re-test, which as of now seems to be getting pretty rejected and is getting ready for a second round of movement towards $50K. Swallow Team
For a long time, we haven't done a weekly analysis of the markets but here we are. This is a clean example of our "worst-case scenario," where we would see a sell of toward $30K zones (where we see a stronger support to be + $55B worth of liquidity) In addition to this, we are seeing a possible formation of H&S pattern if we get a stronger rejection towards...
Toncoin is forming a nice fakeout here above 200EMA, which is giving us a possible opportunity for downward movement here. We have displayed 2 zones we look for sellers to take control over and once we get them, we should see a movement towards the target zone! Swallow Team
Since our last look at Notcoin, we have been seeing a lot of pressure from sellers, where prices have been declining slowly and trading nicely below EMAs. We are still looking for that support zone to be touched so we are waiting and keeping an eye on that zone! Swallow Team
Tron is in a strong zone where the price is on the verge of a breakout or breakdown. We are now waiting for further confirmation of the scenario here so we keep monitoring the current zone where the price is! Swallow Team
Cosmos had formed a nice resistance zone near $5.25 We are now looking for a possible double bottom pattern to form here where we test the all-time low zone. Once we reach that zone (which is a high probability), we will take another look at the coin. Swallow Team
Solana has been fully rejected by the EMAs here, where the price has moved a nice 10% so far. Our targets are still to be reached, so keep an eye on them now! Swallow Team
Fantom is back at the branch of EMAs where historically we have been getting rejected. We see it as a good chance for another rejection to happen so keep an eye on both of the EMAs, as it might be a good zone to short and DCA the position! Swallow Team
We are back with Chainlink, where we are expecting a possible fake "double bottom" pattern to form here. Now, taking into consideration that we had recently broken a neckline of the H&S pattern on a daily timeframe, we still have a lot of room to fall towards our major target zone. This break of pattern in a smaller timeframe would be the perfect setup for...
Litecoin has reached the zone of EMAs here, with a possible rejection happening. We see it as a good zone for DCA-ing the potential short position here and this gameplay is in play as long as we hold the upper resistance zone! Swallow Team