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BITCOIN Is the USDT dominance about to spark new rally to $150k?Bitcoin (BTCUSD) has been on a fierce consolidation the past few weeks, a lagging price action not helped at all by the recent market fundamentals. From a technical view point though, the current BTC market structure is a Re-accumulation Phase similar to the Re-accumulation Phases of both previous Bullish Legs since the November 2022 bottom. Those Re-accumulation Phases took place when the USDT dominance (chart on the right) posted a peaking 1D RSI struture similar to today's and the DXY (blue trend-line) was having a pull-back. The current technical sequences matches the exact Re-accumulation Phases of BTC, which took place around the 0.5 Fibonacci level. If we apply this Fib structure now, even assuming the less ideal scenario that the 0.5 Fib is on the January 13 Low and not in the middle of the Re-accumulation, we get a potential Target for the upcoming rally at $150k. SO what do you think? Can this unique USDT dominance pattern spark a new rally on Bitcoin to 150000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
18
Phemex Analysis $60: How to Trade SOL Amidst the FTX UnlockThe FTX’s decision to unlock 11.2 million SOL tokens (worth around $2 billion) at March 1st has sent shockwaves through the market. Fear of a potential sell-off has triggered panic among investors, leading to a sharp decline in SOL’s price from $200 to the $160 area. With uncertainty in the air, traders are now asking: Will SOL continue its downward spiral, consolidate, or stage a strong comeback? In this analysis, we’ll explore three possible scenarios and how to trade them like a pro. Possible Scenarios 1. Continued Downward Trend – More Selling Pressure Ahead? Currently, SOL has dropped into the $165-$155 support zone, but if fear continues to dominate and selling pressure increases, further downside is possible. Key support levels to watch: • $135-$126 – A critical demand zone where buyers may step in. • $110 – A strong historical support level that could serve as a bottom. For long-term investors, this could be an opportunity to accumulate SOL at a discounted price. However, for those who entered near $200, this scenario is less favorable. Pro Tips: • Use scaled orders to gradually enter the market instead of going all-in at once. • Set limit buy orders around key support zones to secure an optimal entry. • Monitor volume and Relative Strength Index (RSI)—if SOL becomes oversold on high volume, it could signal a potential reversal. 2. Bouncing Between $155 & $210 – A Range-Bound Market While some traders fear a deeper decline, institutional buyers and long-term holders may step in to absorb the selling pressure. This could lead to a sideways trading range between strong support at $155 and resistance at $210. Pro Tips: • Use grid trading bots to capitalize on price swings: • Start a long grid bot near the $155 support level to profit from rebounds. • Start a short grid bot near the $210 resistance level to take advantage of pullbacks. • If SOL repeatedly tests $210 but fails to break through, consider taking partial profits. • Stay cautious—if the $155 support fails, be ready to adjust strategy for a deeper correction. 3. Breakout Rally – A Surprise Upside Move? While less likely, a major bullish catalyst—such as the approval of a Solana ETF—could spark a breakout. If SOL gains regulatory or institutional backing, it may defy expectations and surge past resistance levels. Pro Tips: • Watch for a breakout above $210 with strong volume—this could signal a move toward $250+. • Consider momentum trading strategies, setting stop-loss orders below $200 to manage risk. • Stay updated on ETF-related news and broader crypto sentiment. Final Thoughts All eyes are on March 1st, when FTX’s SOL unlock event could bring heightened volatility. Whether SOL drops further, consolidates, or stages a breakout, traders need to stay alert and adjust their strategies accordingly. • For bulls: Look for accumulation zones and wait for a confirmed reversal. • For range traders: Take advantage of price swings between support and resistance. • For breakout traders: Keep an eye on volume and fundamental catalysts. No matter which scenario plays out, staying disciplined, managing risk, and reacting to market conditions is key to trading SOL like a pro. 🚀 How are you planning to trade SOL during this event? Drop your thoughts below! 🚀 Pro Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1
Bitcoin Intraday - Wednesday 19th FebruaryBitcoin has been in a tight bearish channel on the Daily timeframe. Yesterday (Tuesday 18th February) price took an internal daily low at $94,002. Today we are looking for the potential for price to mitigate the inducement POI created from price taking the daily low yesterday. Also aware of the potential for shorts from $96,177 although expecting price to move a little higher. Overall HTF picture is for bitcoin to push lower to take out the daily low at $91,375.
FUSIONMARKETS:BTCUSD
by mesp
2
Bitcoin’s 1.5-2 year downtrend has begun. (Phase 1)As predicted in the previous analysis, Bitcoin saw its two-year price ceiling at around $109K when Trump entered the White House, and Bitcoin will have downtrend for about a 1.5-2 year. This decline will have 3 phases, which I have shown in the first phase chart in 3 stages. As you can see in the chart, in the first phase, Bitcoin will fall to around $81K and then rise again to near the price ceiling. But in my opinion, it will not be able to create a new price ceiling and will have a heavier decline towards the $50K-$60K range. @JalilRafieefard February 18, 2025
BITSTAMP:BTCUSDShort
by JalilRafieefard
TradeCityPro | ADAUSDT Is the Downtrend Continuing?👋 Welcome to TradeCityPro Channel! Let's take a look at one of the most popular cryptocurrency coins, review our previous analysis on this coin, and find our triggers! 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 🕵️‍♂️ Previous Analysis In the previous analysis, we had already identified our analytical levels and said that after the break of 0.8360, we would have the possibility of a sharp decline, and that is what happened, and after the decline, we are currently in a pullback to this level! 📊 Weekly Timeframe On the weekly time frame, ADA, like sol, sui, xrp and most of the top ten coins in the market, is still in a better situation and the price is fluctuating at higher levels After being rejected at 1.1983 and losing support at 0.7959, we experienced a sharp drop to 0.50, and this was the result of Trump and the US tariffs on other countries and caused panic in the market! The buy trigger is still above 1.1983, but because it is in a better situation, I will give you a trigger for this coin in lower time frames, but I had said that selling below 0.7959 was a temporary sale and I do not have a trigger to exit at the moment! 📈 Daily Timeframe But interesting things are happening on the daily time frame and we are still clearly at higher levels than other altcoins and if we have a trend change in the market itself, we can be careful for a long trigger sooner After breaking 0.8204 and losing the 0.236 Fibonacci level, we experienced a Sharpe decline that also became high and I myself expected that after this volume we would go from volatility to forming a range box and this is also happening and we are forming a box of 0.6777 to 0.8204, but if today's daily candle closes like this, we will continue the downtrend! The spot purchase trigger if we are in this space more in this box that I have specified for you will be after the break of 0.8204 or the formation of a higher ceiling and floor in this box, but your next exit trigger if you do not exit at 0.8204, if it breaks at 0.6777, it is recommended to exit or at least save profit! ⏱ 4-Hour Timeframe In the four-hour time frame, the conditions of this coin are such that you can open both short and long positions, and it is one of the coins that you should have on your watchlist for this period and watch! 📈 Long Position Trigger it is quite clear and after the break of 0.8204, I will open a futures position myself and it will probably be so that I continue to hold it and open it long-term 📉 Short Position Trigger today's trigger was activated earlier and 0.7681, I opened a low-risk short position myself, but the main trigger after the break will be 0.6806 and try to have a short position before that break 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
TELUSD Small technical correction before rise to 0.02850Telcoin (TELUSD) has been trading within a Channel Up pattern since the September 08 2024 Low. The price has seen strong growth last week but is being corrected the past two days. Technically, this is a short-term pull-back within the long-term bullish trend. In fact, based on the first phase of the pattern, this is the Re-accumulation stage, which in the past has followed the first rally after the main Accumulation Stage. As long as the 1D MA50 (blue trend-line) supports, we expect TEL to resume the uptrend and, similar to November 2024, complete the Bullish Leg on the 5.0 Fibonacci extension. Our Target is 0.02850. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TELUSDLong
by TradingShot
1
TradeCityPro | JUPUSDT Is Solana the best dex?👋 Welcome to TradeCityPro Channel! Let's go together and analyze one of the best dexes of these days, Solana, which handles a high number of transactions and has relatively good performance, because I myself would like it to be one of the coins in my basket! 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe We don't have many candles on the weekly time frame, and the reason is that this coin is new and its dex space, but being in this range box is also quite acceptable for this coin. In the weekly box we are in, there is some sellers' pressure due to the higher selling volume, but since we are in the range box, it doesn't make much difference to us and we can take a position from whichever side it comes out. To buy again now, after the box ceiling and 1.2535 break, even if you participated in its private sale, it makes sense to cash out some of your tokens and exit, but your main exit point after the break is 0.6951 and you can cash out! 📈 Daily Timeframe On the daily time frame, we are still in the box range, but we were rejected earlier than the resistance of 1.2681 and are forming lower ceilings and are on the important support of 0.7903 What happened is that after we did not reach our main trigger spot, which was 1.2681, the events of the Trump and his wife's token launch occurred, which both increased the trading volume on these two tokens in this dex and caused fluctuations on this token that these fluctuations can be ignored! We are on the important support of 0.7903 and this support will essentially be a trigger before the main support trigger and its precursor, and we can open short positions by breaking this level. For buying, the sellers' power is currently very high and we need a change in momentum, which we will update this analysis whenever it happens! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
5
MKRUSD: Channel Down bullish wave starting.Maker has just turned neutral on its 1D technical outlook (RSI = 46.979, MACD = -66.220, ADX = 40.770) as it hit the bottom of the 1 year Channel Down and bounced. The 1D RSI shows that we are on a similar rebound as on the October 25th 2024 bottom but needs to be validated by a crossing above the 1D MA50. The two bullish waves before that have posted a price increase of +127.15%, so there is no reason to expect otherwise if the 1D MA50 is crossed. Be ready to go long (TP = 1,780). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MKRUSDLong
by InvestingScope
MGL/USDT THE RETURN TO $0,22 like PEPE DIDWill this coin have the unexpected recovery trend back to $0,22 There are TA signals showing that whales can enter this coin to back level $0,22 in the coming time. This is an unknown coin.. our study depends purely on volume expecting. We will follow this coin if it can build a cycle back. This is a high-risk coin, but same time a high reward possibility. The coin will become interesting when we have the first whale increase up 60% Time will learn if what the TA shows now depending on volume can come. We followed this coin for a long time until it did break down to the DIP point of now. There are more chances in the market, never enter a coin depending fomo, only if it expects your plan.
Long
by SatochiTrader
BITCOIN Decoding the current consolidation. $112k to print soon.Bitcoin (BTCUSD) has been consolidating within roughly a 5000 range (100k - 94.1k) for the past 12 days. During all this time, it's been testing but never closed above the 1D MA50 (blue trend-line). There hasn't been a tighter consolidation of this duration in the past year and there is a technical explanation behind it. The 3-month pattern has been a Channel Up and the last sub-1D MA50 consolidation before the current one, has been its previous bottom formation on its Higher Lows trend-line. The 1D RSI sequences between the two bottom fractals are so far identical and it appears that we are now on the way to complete Leg (f), which is the final step before a Double Bottom is formed. A new 1D MACD Bullish Cross may come as confirmation of the new Bullish Leg. As a result, the market is close to its most optimal buy opportunity. Given that a 1.5 Fibonacci extension Target has been a fair expectation within this Channel Up, our medium-term Target on BTC after the new Bullish Cross would be $112000, which is still below the 1.5 Fib ext and very close to the top of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
STORJ ANALYSIS📊 #STORJ Analysis : Update ✅There was a formation of Falling Wedge Pattern on daily chart🧐 #STORJ tried to breakout the pattern but failed to sustain. Also there is an instant resistance zone and if #STORJ breaks the pattern then we could expect around $0.5300 level 👀Current Price:  $0.3967 🚀 Target Price:    $0.5300 ⚡️What to do ? 👀Keep an eye on #STORJ price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #STORJ  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Bearish context holds. Pullback to 101-102KMorning folks, A recent few sessions have rather narrow range, so we have little changes since our last discussion. We have confirmed DRPO "Sell" pattern on weekly chart, so we keep bearish general view on BTC, with potential downside target around 80-81K. This also makes us to not consider any long positions. If even upside bounce will happen - we try to use this rally for short entry later. Still for intraday traders, if you want to buy BTC, here is some thoughts. First is, and actually why we stay away from longs for now - take a look, after impressive jump BTC stands too long in sideways action. This is not good for bullish scenario. Now it seems that something like "Cup" or reverse H&S pattern is still forming here. So if you finally will decide to buy - currently is the point where you have to make a decision on entry. Because BTC has to start upside action right now, right from this point or it will not start it at all and drop. We suggest that 101-102K is an area where it would be better to out. I mark this update as bearish in a row with our major view, but as we've said 101-102 pullback is not excluded.
COINBASE:BTCUSDShort
by Sive-Morten
BNB ANALYSIS ( UPDATE ) 📊 #BNB Analysis : Update ✅As we said earlier, #BNB performed same. Now we can see that #BNB is trading around a major support area and following a trendline. We could expect around 10% bullish move if it sustain its major support area 👀Current Price:  $673 🚀 Target Price:    $745 ⚡️What to do ? 👀Keep an eye on #BNB price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BNB  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
TradeCityPro | Deep Search: In-Depth Of PENDLE👋 Welcome to TradeCityPro! In this analysis, I want to fully analyze and review the Pendle project for you. First, we will read about the project's fundamentals and then perform a technical analysis. ◽️What is Pendle? ▪️Pendle is a decentralized finance (DeFi) protocol that enables the tokenization and trading of future yield. It introduces an innovative financial infrastructure that allows users to separate and trade the ownership of principal assets and their yield independently. This enables users to execute advanced yield strategies and provides more flexibility in managing yield-bearing assets. 🗝Key Components of Pendle 1. Yield Tokenization: Pendle allows users to wrap yield-bearing tokens into SY (Standardized Yield Tokens), making them compatible with Pendle's AMM. ◽️These SY tokens are then split into two components: ▪️PT (Principal Token): Represents the principal value of the asset. ▪️YT (Yield Token): Represents the future yield generated by the asset. This process allows for the separation of principal and yield, enabling users to trade them separately. 2. Pendle AMM (Automated Market Maker) ▪️Pendle's unique AMM is designed to support assets that experience time decay, allowing for efficient trading of PTs and YTs. Users do not need to fully understand the AMM mechanism to trade on Pendle. 3. vePENDLE Governance Model ▪️Pendle incorporates a vePENDLE model (vote-escrowed PENDLE), which enables users to participate in governance, directing incentives within the ecosystem and optimizing their yield strategies. ◽️Use Cases of Pendle ▪️Pendle's protocol enables a variety of financial strategies, including: 1) Fixed Yield Investments: Users can lock in fixed returns by selling their YT and holding PT. 2) Long Yield Positions: Users can buy YT, speculating that yields will increase. 3) Enhanced Yield Without Additional Risk: Providing liquidity in Pendle's pools can generate additional yield. 4) DeFi Yield Optimization: Combining different strategies to maximize yield opportunities. ◽️ Pendle Token Unlock and Allocation ▪️Unlocked Tokens: 283.33M PENDLE (92.14%) ▪️Locked Tokens: 24.17M PENDLE (7.86%) ◽️There are no large upcoming unlock events, but scheduled unlocks will occur gradually. 🔓Unlock Schedule ▪️From February 17, 2025, onward, small daily unlocks will take place, each unlocking around 9,750 - 9,980 PENDLE worth approximately $35,000 USD per batch. ◽️Token Allocation Breakdown ▪️Liquidity Incentives: 37% ▪️Team: 22% ▪️Private Round: 15% ▪️Ecosystem Fund (Allocated): 9% ▪️Ecosystem Fund (Unallocated): 9% ▪️Liquidity Bootstrapping Pool: 7% ▪️Advisors: 1% ▪️Vesting Schedule ◽️Team Tokens: 1-year cliff, then linear unlock over 1 year (50.98M PENDLE). ◽️Private Round: Linear unlock over 1 year after TGE (34.76M PENDLE). ◽️Ecosystem Fund: Unlocked in batches (20.86M PENDLE). ◽️Liquidity Bootstrapping Pool: 100% unlocked at TGE (16.22M PENDLE). ◽️Advisors: Linear unlock over 1 year (2.32M PENDLE). ◽️Untracked Tokens: 106.59M PENDLE (46%) – may be unlocked at any time. ◽️Pendle Wallet Compatibility ◾️Pendle is supported by various hardware, software, and extension wallets, including: ▪️Hardware Wallets: Ledger Nano X, Ledger Nano S, Trezor Model One, Trezor Model T, Ledger Stax. ▪️ Extensions: MetaMask, Enkrypt. ▪️ Software Wallets: GUARDIA, Atomic Wallet, Trust Wallet, MyCrypto. ▪️ Network Compatibility: ERC-20. ◽️Key Events & Developments ✅ Launch of Pendle Protocol – Established the foundation for yield tokenization and trading. ✅ Security Audits & Enhancements – Ongoing improvements for protocol security. ✅ Partnerships & Integrations – Expanding utility within the DeFi ecosystem. ✅ Exchange Listings – Increased accessibility and liquidity. ✅ New Pool Launches – Expanding yield opportunities. ✅ Community Growth & Governance – Active participation in decision-making. ◽️ Private Round (Ended on April 16, 2021) ▪️Funds Raised: $3.7 million ▪️Token Price: $0.1394 per PENDLE ▪️Pre-Valuation: $35 million ▪️Notable Investors: Alliance and 14 other investors ◽️Token Generation Event (TGE) & Public Listing (April 28, 2021) ▪️Price on Listing: $1.01 per PENDLE ◽️Reliable platforms for creating liquidity pools for Pendle: ▪️Uniswap ▪️Balancer ▪️Camelot ▪️LFJ ▪️Thena ▪️Pendle Finance Reliable platforms for staking: ▪️Pendle Finance ▪️Magpiexyz ▪️Stake Dao ◽️Pendle TVL Analysis ▪️The Total Value Locked (TVL) in Pendle has shown significant growth over time, with notable fluctuations. Throughout 2024 and early 2025, the TVL followed an uptrend, peaking around mid-2024, experiencing a dip, and then recovering to new highs in early 2025. 📈 Current TVL & Percentage Change ▪️TVL on September 27, 2024: 801.26K ETH ▪️TVL on February 16, 2025: 1.91M ETH ◽️Pendle's TVL has more than doubled (+138.4%) in the last 5 months. after a temporary decline in late 2024, the platform has experienced a sharp rebound, reaching a new peak in early 2025. The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies.The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies. ◽️Analysis of On-Chain Data for Pendle ▪️The volume of Pendle tokens currently held at a loss within the price range of $3.61 to $3.71 is approximately 100 million PENDLE, indicating a significant resistance level. In contrast, the volume of tokens in profit is relatively low, suggesting that resistance is stronger than support at this stage. ▪️The volume of large transactions has exhibited a slight increase alongside price growth, signaling increased market activity. Additionally, network activity, including the number of active and new addresses, has also seen a minor uptick. ▪️Currently, 69% of all PENDLE tokens are held by whales, meaning that their movements have a substantial impact on market trends. ▪️Examining the wallet activity of large holders, we observe positive inflows, which is a bullish signal. However, network whales (addresses holding between 1 million and 100 million PENDLE) have started selling as prices increased, indicating some profit-taking behavior. ▪️Meanwhile, addresses holding less than 1 million PENDLE have increased their buying activity, contributing to sustained price growth. This suggests that retail investors and smaller holders are absorbing the supply offloaded by larger holders, helping to maintain upward momentum. ✅ Now that we have reviewed the project, let's move on to the technical analysis of this coin, which will be done in weekly, daily, and four-hour timeframes. 📅 Weekly Timeframe In the weekly timeframe, we are observing an ascending trend that started from a base of $0.561 and continued up to a peak of $6.720, providing very good profits to its holders. 🔍 After the price reached this resistance, a ranging box formed between $2.385 and $6.720, where the bottom of the box coincides with the 0.382 Fibonacci area. This support has so far managed to support the price several times, each time sending the price back towards the top of the box. ✨ Currently, the price has hit this support with a very high volume and has formed a good supportive candle. Now we have to see if this support can again push the price upwards or if it will be broken. The RSI is also below 50, and if it sets lower highs and lows, it could continue its downward trend, bringing bearish momentum into the market. 🚀 On the other hand, if it can come back above this area 50 and stabilize, we can hope that the price will move upwards and bullish momentum will enter the market. If we want to use the Fibonacci tool for the target of this project for this move, you can see that the 1 Fibonacci area is at $31.90, which is almost 10 times more than the current market price. 📊 This means that Pendle would reach a market cap of $5 billion, making it a very successful project and placing it among the top 30 coins in the coin market cap. So if you think this project can be among the first 30 coins and have a $5 billion market cap, you can continue to hold until this target is reached. 💥 However, if the support at $2.385 breaks, the next important support areas are at the 0.618 and 0 Fibonacci levels, which overlap with $1.412 and $0.941, respectively. 📅 Daily Timeframe In the daily timeframe, you can see the price range box with more details. As you see, in the last downward leg, the price reached $2.589 and was supported by a good candle from this area, and currently, it has reached $3.678, which is an important daily resistance. If the price can stabilize above this area, we can expect the price to move towards the top of the box again. 📈 But consider that during this upward movement that the price has had from $2.589, the volume has been decreasing, which indicates the weakness of the trend. Also, for a long position, the RSI has an important area at 52.16, which is a very important resistance, and if the break of this area overlaps with the break of $3.678, we can have a confirmation of the entry of momentum and a good position. ⚡️ the important thing is that buying volume must also enter the market, and the candle that breaks this resistance must be with good buying volume. For a short position, the situation is very clear; the support at $2.589 is a very good area, and if it overlaps with the break of 30 in the RSI, it turns into a very good trigger, and I suggest that you do not miss this position if the conditions are met. ⏳ 4-Hour Timeframe In the four-hour timeframe, we can specify the futures trading triggers so that we can also perform futures trading with them. 🔼 For a long position, our situation is very clear. As you see in the daily timeframe, there is a very good ceiling above the price, which in the four-hour timeframe is at $3.763, and if this area breaks, we can open a risky long position. The main long position is if the break of $4.364 happens. 📉 But keep in mind that as I mentioned, the decreasing volume and the divergence with the upward trend can indicate the weakness of the upward trend. So, as a result, if the ascending trendline breaks and the trigger at $3.319 is activated, I personally try to have a short position on PENDLE. 🧩 Because the volume has a divergence with the upward trend, and if the selling volume increases after the break of this area and downward momentum enters, the price can move at least to the area of $2.2748, which is actually a very important support and will be the main trigger for short. The break of 45.48 in the RSI gives us a very good confirmation for the short position. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6
BTCUSD - Potential move down before going up?Bitcoin has shown significant weakness after failing to maintain prices above $100,000, with recent price action forming a series of lower highs and lower lows. The current structure suggests bears are in control of the market, with price potentially targeting the marked support zone around $84,000-86,000. Technical indicators and market sentiment appear to be aligned with this downside scenario, as volume has been increasing on down moves while declining during relief rallies. Should this bearish momentum continue, the highlighted box region could act as a logical target for price discovery, representing a significant retracement from recent highs while still maintaining the overall bullish market structure.
Short
by financialflagship