Solana had made a nice resistance zone near $160 where we had so far 2 full rejections and 1 smaller one (at the beginning). We are now monitoring the EMAs that are trying to perform a change of trend, which would mean a nice movement to lower zones towards our target line (red). Swallow Team
Chainlink had made a nice re-test (successful one) after that massive breakdown from upper zones. We are now keeping an eye on that second re-test to that same 200EMA which could lead to further pressure and a movement to lower zones as well! Swallow Team
Polkadot has again reached the zone of EMAs and is currently looking pretty strong. We are now keeping an eye on a potential rejection from our current zone. If we get one, movement to lower zones will start (as it has been after rejecting EMAs). Swallow Team
Fetch has reached a major zone of resistance after showing us some strong bullish movement after breaking those EMAs like nothing. We are now monitoring that resistance zone for any possible zone of weakness, and as soon as we see one, we will be looking for a possible show position! Swallow Team
Fantom caught our attention with the nice rejections near 100EMA that we have been having recently. We have now approached that same 100EMA again and got rejected, but the price is showing some kind of upward momentum currently. We are keeping an eye on both EMAs here for a potential rejection to happen, which would result in a movement towards our lower...
Avalanche had broken the 100EMA with a nice and steady upward movement here, which is now approaching the 200EMA threshold zone. We are looking for a potential movement to lower zones near the current market price, which has also led RSI into the overbought zones. If we see a nice rejection here, we will see further downward movement! Swallow Team
Another rejection has happened after price reached that target zone. As mentioned earlier, as long as we hold that 200EMA zone we should not see any furhter upward movements here. As of now, EMA is holding strong! Swallow Team
Bitcoin is yet to be back in it's 60s on a weekly timeframe after massive liquidity moved to lower zones (toward the middle line of Bollinger Bands). We are not keeping an eye on potential further movement to lower zones, but the current weekly opening seems promising only for bulls. Despite that, we are below the major resistance zone, so we do not see any...
Litecoin is back, and this time in the daily timeframe. Here, our attention is all on that 200EMA, while multiple times it has been a zone of bounce for the coin. Pressure is high and demand is high in that zone, so we are looking for any potential candles to secure this zone fully in order to see a full-scale movement to lower zones here! Swallow Team
Cardano made a nice bounce after our last prediction of movement towards that lower supportive zone. We are now seeing a price touching 100 EMA, which is the next zone of resistance, and the same goes for 200 EMA. We are keeping an eye on both of those zones for any potential rejections to happen, so eyes open! Swallow Team
Bitcoin is still showing a good demand here, reclaiming last weekly FVGs (on smaller timeframe). As we see the pressure being big here, we are monitoring for price to secure potentially below our sell zone, which would activate a full-scale correctional movement! Swallow Team
We are back with Binance coin after that fakeout movement near EMAs (from last TA). We got a nice small 10% market price movement, but nothing too big. Price went back for bullish movement, reclaiming again EMAs and going for a potential re-test of upper resistance. We will be looking for that zone there for any possible rejection and a good entry as...
Polygon Coin has made a decent breakdown of the local support zone, and the price is now having a re-test of that same broken zone. We are now looking for full rejection near that zone and further downward movement beyond that target zone! Swallow Team
Solana has made a really nice movement where the coin is now forming a nice handle (a reverse one). We are monitoring for rejection to happen and further downward pressure here (eventually breaking that neckline zone). Swallow Team
Dogecoin caught our attention with great possibility of downward movement here after a recent rejection near EMAs. We now have entered into that right shoulder zone, where we also see some pressure from EMAs. If all plays well, we should see a further downward movement to lower zones (possibly breaking that neckline zone). Swallow Team
The Chainlink gameplan remains the same, where we have a head & shoulder pattern. Price has nicely bounced from the local neckline zone and reached 200EMA, where we see some sort of struggle now. We expect further push and some sideways movement here, and then, of course, a nice breakdown of the neckline and further movement to the lower zones here! Swallow Team
The next coin we are keeping an eye on is the Polkadot coin, which has a good chance of further moving to the upper zones, yet just as good a chance of seeing full rejection from EMAs. We are looking forward to price action, and to be honest, we want to see a touch of 200EMA before fully turning to lower zones, but if we see it happening from a rejection of...
Ripple has made a decent recovery from that nice dump movement. We are now looking at a potential movement towards that next resistance zone near 200 EMA, which would also leave the price of RSI in the overbought zone. Once we reach that zone, we will look at potential entry from there! Swallow Team