ADA has been on a strong bull run since October of this year and we've finally come to the end of a measured move and three legs up. Are we gearing up for a reversal? How do we trade this? 🤔 We don't have enough evidence for a short entry just yet, but we do have some key data points in our favor. We've completed a measured move to the current price, had three...
Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down? How do we trade this? 🤔 I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal...
Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up,...
SEI has been one of the top movers in the crypto market in the last 30 days and by looking at this chart, you can see why. A 400% move to the upside in the last 47 days! Is there any more steam left on the train? How do we trade this? 🤔 Strong push to the resistance line, looks to be the end of the second leg up, RSI is very high at 80.00 and above the Moving...
Avalanche had one more nudge toward the 2021/2022 resistance level since my last analysis, creating a bearish divergence and setting us up for a short trade. Should we short now? How do we trade this? 🤔 As stated in my last analysis and this one, we need a short signal and confirmation for justification to short AVAX. Our proposed third push up from the...
CAKE (Pancakeswap) completed its third push to the upside and rendered four Daily candles in a row with large wicks on the top. Today's close marks the fifth. Does that mean we're in for a drop? How do we trade this? 🤔 I believe a pullback here is imminent. That doesn't mean a short is justified, we are in a bull trend and our bias should remain long. However,...
Uniswap failed for the 4th time in 19 months to break out of the Trading Range between $4.00 and $7.30. Are we primed for yet another short? How do we trade this? 🤔 If you followed my last Uniswap analysis, there was a great 1:2 Risk/Reward short opportunity on the Daily chart: The initial chart failed to play out and was premature to the rip just above the...
ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short? How do we trade this? 🤔 We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after...
Another rejection happened on Bitcoin. After the first Bitcoin dump we had this week, the price has gone for a smaller correctional movement, testing again upper zones and yet getting another rejection! We are seeing that fear on the markets, and traders are getting ready for a bigger correction to lower zones!! Be careful; prices have jumped in both...
MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short? How do we trade this? 🤔 We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and...
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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,...
We had a very sharp beginning to the week and a day, but we are aiming here for something like that movement. We want to see more of a sideways movement and further breakdown from local support, resulting in a further movement to major support, of course! Swallow Team
LINK has caught our attention here with some nice potential entries in the upper zones. As price has successfully exited that breakdown attempt near 200 EMA, we are now seeing a nice strength forming here with a good potential to see price reach a smaller upper resistance (which would be good entry spots for sell position)
We got what we came for!! We have a very nice rejection near the $45K zone, which shows demand for further movement to lower zoes. Remember, the longer the tree grows, the harder it falls. We are still way too expanded and overbought on BTC, so keep your eyes open for potential further movement to lower zones! The start looks promising, but we gotta be careful...
Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull...
It is time to look at potential movements for the upcoming year or two. As history has shown us, after each red yearly candle, we have had a nice comeback period where the first candle was more of a liquidity sweep, judging by the last yearly highs and next yearly lows. With Bitcoin having an amazing comeback as of now and more great news to come (Halving+ETF),...
TWT (Trust Wallet Token) has been in an expanding and ascending channel since late November and has given us a higher high and higher low. Should we long here? How do we trade this? 🤔 We don't trade an unclear chart, this one is no exception! We have a higher high and higher low, but the high of the higher high has a large wick on it. This is *not* a signal of...