SWINGBYUSD - Retracement Done | Bullish Signals OccurHello,
This is a well discussed project in the market, has been declining since enough time now and the technical show that we can have a reverse trend now.
Check and choose.
This is not a trading advice,
St.Gex
SWINGBYUSDT trade ideas
Swingby / USD - An opportunity not to be missed.On the above 1-day chart Swingby has corrected 90% since late February with a following oversold condition (orange column) and now presents an ‘incredible buy’ opportunity. Those opportunities are unusual in a bull market.
Why bullish?
1) The corrective A-B-C Elliot wave following the the impulsive wave up. Lovely structure.
2) Support and resistance - Looking left price action has tested resistance twice and been rejected. Once in September 2020 and again in December 2020. Price action is now testing resistance as support at the same time as RSI is @ 20. Fantastic.
Is it possible price action falls further? Absolutely.
Is it probable? Very unlikely. Risk / reward ratio is very appealing.
Target? I don’t know. One possible move is shown below. Resistance levels seem ridiculous, $10 and over. Who knows, the market capital is quite small and the project does seem genuinely interesting.
Good luck!
WW
SWINGBY FOMO?This is again, just a basic analysis of the chart. As we can see, we are approaching the death cross scenario, if this will be confirmed in the next 3 days, the price will most probably bounce back to 0.35.
My personal opinion is that this was a clear example of pump and dump, what are your thoughts?
Swingby Near FutureHi, dear community,
I just discovered TradeView a week ago and I am a newbie on the crypto market.
I am posting my first technical analysis ever.
Any ideas, recommendations or feedback, would be greatly appreciated! :D
swingby a DEFI CUP FORMATIONlot of defi coins are forming some insane cups
some are starting to moove such as pols or swingby
with the main net launch in 28 dec we can expect another rally for this coin;
its still a great entry point even tho the better was to enter during accumulation phase.
