Swingby / USD - An opportunity not to be missed.

21 maj 2021

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

2 cze 2021

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5 cze 2021

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1st test point @ 30 cents

11 cze 2021

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Bullish divergence emerges between price action and all oscillators. Remember this is a small market cap token, it will like move quickly if divergence is confirmed.

29 cze 2021

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A textbook Dragonfly DOJI candle prints on the 10-day chart.

1 lip 2021

Uwaga

Complementing the above chart from June 29th, the 3-day chart is printing resistance breakouts on RSI and MFI as Stochastic RSI crosses up 20 (green shaded area).

10 lip 2021

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A bullish engulfing candle recently printed on the 3-day BTC chart (circled in green). They do not happen often, but when they do they're a fantastic signal - look left.

Remember the Dragonfly DOJI recently printed a couple of weeks ago?

750% rise to resistance.

20 lip 2021

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Price action breaks out of resistance and lands on past support - look left.

9 sie 2021

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Price action breaks out of resistance. Two near term targets identified.

16 sie 2021

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A nice clean break of the 50-day EMA (blue line). Look left.

Blue skies ahead.

18 sie 2021

Uwaga

10-day chart prints a textbook bullish engulfing candle.

6 wrz 2021

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Higher lows continue as stochastic RSI crosses up - excellent

17 wrz 2021

Uwaga

On support (again!) - perhaps this time it will be different!

24 paź 2021

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Not forgotten about this one... price action bullish divergences are growing in number on the higher time frames. On the 4-day chart below you can see '7' bullish divergences are active between price action and the oscillators, which is unusually high for such a high time frame. Should be like a rocket when it finally decides to move.

30 paź 2021

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