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SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support. In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months. The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000. ------------------------------------------------------------------------------- ** 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:SUIUSDLong
by TradingShot
4
Phemex Analysis #49: How to Trade FARTCOIN Like a Pro. FARTCOIN ( PHEMEX:FARTCOINUSDT.P ) has taken the crypto world by storm this week, skyrocketing nearly 100% in value and capturing the attention of traders everywhere. This meteoric rise is fueled by its unique positioning as a blend of AI agents and meme coin culture, a combination that has resonated with the market. Riding the wave of the surging AI Agents category—led by heavyweights like VIRTUALS and AI16Z—FARTCOIN has solidified its place as one of the hottest tokens in the space. But with such explosive growth comes volatility, and traders are now asking: What’s next for FARTCOIN? Today, we’ll analyze its key support and resistance levels to craft a trading plan that prepares for multiple scenarios. Whether you’re chasing highs or looking to buy dips, understanding these levels is crucial to navigating FARTCOIN’s unpredictable journey. Scenario 1: The Bullish Surge Continues Imagine this: FARTCOIN’s rally shows no signs of slowing down. Buyers keep piling in, pushing the price past its immediate resistance at $1.433, followed by $1.482—both key levels that could signal continued bullish momentum. If this breakout happens with high trading volume, it might present an opportunity for traders to ride the wave higher. However, it’s essential to remain cautious as prices approach psychological resistance levels like $2.00 and $3.00. These round numbers often act as profit-taking zones where traders cash out, creating potential pullbacks. For those looking to capitalize on this scenario, timing is everything—chasing highs can be lucrative but also risky if momentum fades. Scenario 2: A Healthy Retracement Even the hottest coins need to catch their breath after a massive rally, and FARTCOIN might be no exception. In this scenario, we could see a temporary retracement as the price dips back toward $1.25—a key support level—to consolidate and build strength for another move upward. If trading volume decreases during this pullback, it could signal that sellers are losing steam while buyers quietly accumulate positions. Prices might bounce between $1.25 and $1.43 during this phase, forming a base for the next leg up. For traders considering an entry during this consolidation phase, risk management is critical. Setting a stop-loss just below $1.25 can help protect against unexpected drops. Alternatively, you could wait for a confirmed breakout above $1.43 before entering to ensure momentum is back on your side. Scenario 3: The Bearish Reversal While optimism surrounds FARTCOIN’s recent performance, it’s important to remember that anything is possible in the volatile world of crypto trading—including a bearish reversal. If prices break below $1.25 with high selling volume, it could signal a deeper correction ahead. In this case, traders should watch for support levels at $1.08, $1.00, and even as low as $0.88. These zones might attract long-term bullish investors looking to “buy the dip,” but caution is warranted if bearish momentum continues to dominate. For those who believe in FARTCOIN’s long-term potential, these lower levels could present attractive buying opportunities—but only if you’re prepared to weather short-term volatility. Trading FARTCOIN Like a Pro Navigating FARTCOIN’s wild price movements requires discipline and adaptability. Here are some tips to trade like a pro: •Stay flexible: Prepare for all three scenarios—bullish breakout, consolidation, or bearish drop—and adapt your strategy accordingly. •Manage risk: Use stop-loss orders to protect your capital in case of unexpected reversals. •Take profits strategically: Don’t get greedy; consider taking partial profits near key resistance levels like $2.00 or $3.00. •Follow the Volume: High trading volume often confirms the strength of a breakout or breakdown, so keep an eye on this critical indicator. •Be patient: If you’re unsure about entering during consolidation or retracements, wait for clear signals before committing your funds. FARTCOIN’s story is far from over—it’s just getting started. Whether it continues its meteoric rise or takes a breather before its next move, understanding key levels and scenarios will help you trade with confidence amidst the chaos of crypto markets! Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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
BTCUSD: Williams bounce points to $119k next.Bitcoin is neutral on its 1D technical outlook (RSI = 52.385, MACD = -483.200, ADX = 34.048) and just today it hit its 1D MA50, which is the first sign of restoring the bullish trend. The strongest bullish indicator is the Williams%R, which has rebounded rapidly since turning oversold at -93.00. Every time it hit that level and rebounded since July 2024, it rallied by +30%. Consequently, we aim for just under that level (TP = 115,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
TradeCityPro | MEMEUSDT Potential Breakout from the Range Box👋 Welcome to TradeCityPro Channel! Let’s dive into analyzing our coins in the current market conditions to identify potential triggers before the next move begins. 🌐 Overview Bitcoin Before starting today’s altcoin analysis, as usual, let’s first check Bitcoin on the 1-hour timeframe. Bitcoin has finally initiated a wave, breaking through the 95753 resistance. However, I’m not fond of the volume in these recent candles, and it needs to increase. You can consider opening positions upon entering the overbought zone. Additionally, today saw a short-term wave with some green candles, accompanied by a decline in Bitcoin dominance. Now, as Bitcoin prints green candles, its dominance is also rising, indicating that the next wave moving toward Bitcoin’s peak might come with increased dominance. 📊 Weekly Timeframe On the weekly timeframe, the altcoin MEME rejected the top of the range and the significant 0.01790 resistance, pushing it back toward the range’s bottom. The buy trigger hasn’t activated yet, and this rejection has made the trigger even more critical. If you’re interested in buying this altcoin, consider adding it to your mid-term portfolio after breaking 0.01790. If you’ve already bought at any level on this chart, it’s logical to exit and cut losses if the range’s bottom breaks. A break below 0.00997 would suggest forming new lows, so it’s better to liquidate and look for a fresh trigger later. 📈 Daily Timeframe On the daily timeframe, following a heavy rejection from the 0.1795 resistance, MEME returned to the range, resulting in continued oscillations within this area. We must consider that, price-wise, the market is at a logical level for buying. However, time-wise, it might range here for a while before starting a potential upward move. This makes it somewhat reasonable to take small spot risks during these days. Based on the above, you can make a risky buy at 0.01132, with a stop-loss at 0.00861, after breaking the level. However, personally, I’ll hold onto liquidity for lower levels. For example, if I have 30% of my funds in cash, any purchases I make here would amount to just 5% overall, assuming stop-losses are hit! For a more logical entry, I’ll monitor for a break above 0.01795. ⏱ 4-Hour Timeframe On the 4-hour timeframe, MEME has been ranging for days within the 0.01007–0.01139 box. A breakout from either side of this range will provide a clear trigger without bias. 📈 Long Position Trigger the rejection at the 0.01139 resistance has increased its significance. Once this level breaks, I’ll open a futures long position with a large stop-loss at 0.01. 📉 Short Position Trigger momentum can be tracked on lower timeframes, and positions can be opened with triggers on these smaller timeframes. The 0.01 support level could be used for a small stop-loss and low-risk, quick profit management. 📝 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
19
BITCOIN Dominance drop is about to trigger a massive Altseason!Bitcoin (BTCUSD) closed December on a marginally bearish 1M candle and is expected to start the 3rd year (2025) of the current Bull Cycle on strong bullish pressure. As you can see on this chart, BTC Dominance (blue trend-line) has started to decline already since October 2024. That is when Bitcoin completed 36 months (1096 days) from the previous Cycle top (green candle). This is a highly cyclical pattern as BTC Dominance during previous Cycles dropped every time Bitcoin completed 36 months from the previous All Time High (ATH). That was when the Altseason started, which is the most aggressive part of the Altcoin market. Based on this chart we are about to see an accelerated drop on Bitcoin's dominance, with earnings and added capital being transferred to Altcoins, causing a new Altseason. ------------------------------------------------------------------------------- ** 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
11
First Bitcoin Super Cycle closingWe might be nearing the end of the first Bitcoin Super Cycle. There will be lots of volatility and fear among the retails. But on-chain observation shows that big players are storing coins on unprecedented levels. What the next Super Cycle will be, can't tell. More data is needed in its beginning. But financial institutions needs a more predictable, more controllable and most of all fixed cap assets. I am not talking about Bitcoin only, but in general about crypto currencies. There are interesting PoW projects that resembles Bitcoin, but has added extras like privacy and smart contracts. But when time comes, crypto prices will skyrocket and there will be no corrections and no bear markets until the transitional period ends. Most retails will sell cheap and re-enter with more than 90% loss in coins. It is NOT a financial advice.
INDEX:BTCUSDLong
by Decentralized_LLC
AAVE, Break out and bullish move eminent? Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration. The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out. Either way you cut it, AAVE is good price here for long term growth. Let me know what you think AAVE and this analysis down below. Kind regards WeAreSat0shi
BINANCE:AAVEUSDLong
by WeAreSat0shi
12
SOLUSD charging for the 1D MA50. New rally started.Solana (SOLUSD) made a new 10-day High as it is rising aggressively today towards the 1D MA50 (blue trend-line), which is the first level of Resistance. We expect this rally to be the start of the new Bullish Leg of the 5-month Channel Up for three reasons. Firstly, last week's Low was exactly on Support Zone 2, which is the pivot level of the October 29 High. We've had the same bounce on Support Zone 1 when the previous Bullish Leg of the Channel Up started on September 06 2024. Secondly, the December Low almost tested the 1D MA200 (orange trend-line) before rebounding, which is the long-term Support. This is now exactly on the bottom of the Channel Up. Thirdly, the December 22 Low also made the 1D RSI rebound on the oversold barrier (30.00). As you can see, every time the RSI touched this oversold level since April 13 2024, it was a strong buy signal to at least the 0.786 Fibonacci retracement level. As a result, our short-term Target 1 is $242.00 (the 0.786 Fib). Beyond that, if the price breaks above Resistance 1 (265.00), we will buy the bullish break-out and target the top (Higher Highs trend-line) of the Channel Up at $380 (Target 2). As you can see, that would be a +119% rise from the December Low, similar to the % rise of the first Bullish Leg. ------------------------------------------------------------------------------- ** 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:SOLUSDLong
by TradingShot
1
TradeCityPro | ANKR: Weekly Long-Term Box and Gradual Channel👋 Welcome to TradeCityPro! In this analysis, I will examine the ANKR coin, which is part of the infrastructure for Web3 and other blockchain projects, with significant partners like Binance and Polygon. 📅 Weekly Timeframe: Long-Term Box with a Slight Incline Channel I will perform this analysis mainly using Fibonacci levels to identify crucial areas. In this timeframe, we can see the price movement from the previous alt season, which had significant growth followed by a decline after breaking the 0.236 Fibonacci level, correcting down to the 0.5 Fibonacci level. 🔍 The support at $0.01728, which coincides with this Fibonacci level, is currently the most crucial support on this chart. Since the price bottomed out in this area, we have seen a very gently sloping upward channel that has reacted three times and had one fake break above the ceiling before returning to the box. 📊 Given the greater ratio of buying to selling volume, I see a higher likelihood of the channel breaking upwards and the price increasing. The RSI has also risen from the 50 level, which could generate bullish momentum. The current main ceiling appears to be $0.06131, which coincides with the 0.236 Fibonacci level and represents a strong resistance. 📈 If the price rises and breaks through $0.06131, the next resistance will be at $0.19012, which is the all-time high (ATH) for the price. I will determine higher targets using Fibonacci extensions. 🔽 In a bearish scenario, the first support is the dynamic floor of the channel. If this support breaks, the primary supports at $0.02223 and $0.01728 are very important levels, and reaching any of these supports could introduce bullish momentum into the market and prevent further declines. If these supports break, the next support will be at the 0.618 Fibonacci level. ✨ Moving on to finding targets based on Fibonacci, as you've seen, the price has corrected to the 0.5 Fibonacci retracement and has good momentum for continuing the upward move. According to Fibonacci rules, when a price corrects to 0.5, the likelihood of moving to the previous high with a break increases. 🧩 The previous price peak is at $0.19418, which coincides with the 0.5 Fibonacci extension. From a market cap perspective, this coin's price could move up to $0.34361. Therefore, we can consider logical targets between $0.19418 and $0.34361. Although the target box size is large and nearly 100% different, this is a weekly trend, and this target is approximate; we must wait for the price reaction to this range to find a more precise target. 🚀 I believe this range is a logical target for this coin, but if the market cap of the project increases and it becomes one of the more significant cryptocurrencies, the price could potentially move to the 1 or even 1.272 Fibonacci points. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
19
Doubts are confirmed. Watching for 100.5KMorning folks, Last time we decided to take a pause, because too weak performance on supposedly bearish market has confused us. Now our doubts are confirmed, indeed the action that we see now is not typical and natural for bearish market. It is too wobble and slow. This is not the way how bearish market normally moves. It doesn't mean that potentially bearish scenario and deeper retracement are cancelled totally. It means that they could start with different patterns. Thus, on daily we're watching for something like this, although do not exclude that it might be Double Top later as well: Since the shoulder stands around ~100.5K, we do not consider any shorts until it will be reached. 1H chart shows upside AB-CD with the same extension target. We consider no longs.
COINBASE:BTCUSD
by Sive-Morten
Pnut/UsdtBINANCE:PNUTUSDT "$Pnut is currently priced at 0.7032, but the resistance levels are pretty close—around 0.7545, 0.8433, and 0.9345. 🚧 What that means is that the price is likely to face some strong pushback when it tries to go higher, so don’t expect a massive surge in the short term. ⚠️ If you’re holding $Pnut right now, I’d be careful. 💭 I wouldn't recommend holding it at these levels for too long because it could potentially retrace. Instead, you might want to keep an eye on the support levels, which are at 0.600 and 0.0600. 🛑 If the price drops towards those areas, it could be a good spot to watch for a possible bounce or buy opportunity. 📊 Just a reminder—this isn't financial advice, just sharing my observations. 💡"
Long
by Wolftrader1337
Bitcoin Analysis (1 hour time frame)According to my personal analysis I observes a clever bearish trend here. Read for more details Note: This post is for educational purpose only. I am not a certified trader or a financial advisor 1. Key Observations on the Chart Resistance Zone: The price is near $95,300, which is a resistance level (red zone). The chart shows that the price is struggling to go above this level. This often indicates that sellers are stronger than buyers at this point. Support Zones: Below the current price, there are green zones that represent support levels. These are areas where the price may stop falling if it moves downward because buyers may step in. Indicators: The Exponential Moving Averages (EMA) (blue and yellow lines) are currently below the price, showing that the market is still bullish for now. The CCI (Commodity Channel Index) at the bottom of the chart is coming down from a high level, which could mean that the buying pressure is reducing. --- 2. What Does This Mean? If the price fails to break above $95,300 (the red zone), it is likely to go down toward the green zones (support levels). The red arrows drawn on the chart suggest the expectation of a bearish movement (price falling) toward the lower green zones if resistance holds. --- 3. Possible Scenarios Scenario 1: Bearish Trend (Price Falls) The price fails to break the resistance ($95,300). It starts to move downward toward the first support zone around $94,400–$94,300. If this level is broken, the price could fall further to the second support zone near $93,000. Scenario 2: Bullish Trend (Price Rises) If the price breaks above the resistance at $95,300 and stays above it, the market might continue upward toward $96,000 or higher. --- 4. What to Watch For? Price Behavior Around $95,300: If the price forms long wicks (indicating rejection) or red candles, it’s likely to fall. If the price closes strongly above this level, it might continue upward. Support Zones: Watch if the price holds or breaks the support levels below ($94,400 and $93,000). --- Conclusion The chart currently suggests a bearish possibility because: 1. The price is facing resistance. 2. Momentum (CCI) is reducing. 3. The drawn arrows show an expected downward move. However, you should wait for confirmation from the next price movements before making any decisions.
BITSTAMP:BTCUSDShort
by Tech2trader
Phemex Analysis #48: How to Trade Ethereum like a Pro Trader. Ethereum ( PHEMEX:ETHUSDT.P ) has been on a rollercoaster ride recently, with its price declining from a high of $4,112 to a low of $3,100. After this significant drop, the market seems to be finding its footing, with ETH now trading around the $3,400 mark. Traders are closely watching the charts to determine the next big move. Here’s a breakdown of the possible scenarios and how they might unfold: The Calm Before the Storm: Consolidation Phase At present, ETH appears to be consolidating within a range, oscillating between $3,550 and $3,215. This phase of sideways movement often reflects indecision in the market as buyers and sellers battle for control. For traders, this is a time to exercise patience. A breakout from this range—either upward or downward—will likely set the tone for ETH’s next major trend. If ETH continues to consolidate, it’s essential to avoid jumping into trades prematurely. Instead, wait for a decisive breakout beyond $3,550 or below $3,215 before making any trading decisions. Consolidation can be frustrating for momentum traders, but it also provides an opportunity to prepare for the next big move. Scenario 1: The Bulls Charge Ahead A bullish breakout above $3,550 could signal that Ethereum is regaining its upward momentum. Such a move would likely need to be accompanied by high trading volume to confirm its strength. If this happens, traders may consider entering long positions. However, it’s important to keep an eye on key resistance levels. The $4,100 mark looms as a significant barrier where selling pressure could intensify. This level represents the previous high before ETH’s recent decline and could act as a psychological hurdle for buyers. As such, taking partial profits near $4,100 might be a prudent strategy to lock in gains while reducing exposure to potential reversals. Scenario 2: The Bears Take Control On the flip side, if ETH breaks below $3,215 with high volume, it could indicate renewed bearish pressure. In this case, the price might test the recent low of $3,100 or even dip further into the $3,000 zone. For long-term investors or those looking for value entries, this could present an opportunity to buy ETH at a discounted price. However, caution is warranted if ETH drops below the critical $3,000 level. A break below this psychological threshold could signal deeper weakness in the market and might suggest staying out until signs of stabilization or recovery emerge. Navigating Uncertainty: A Professional Trader’s Mindset The current state of ETH/USDT highlights the importance of adaptability in trading. Whether the market consolidates further or breaks out in either direction, having a clear plan is crucial. Here are some key takeaways for navigating these scenarios: (I) During consolidation: Stay patient and avoid overtrading. Wait for clear signals before committing capital. (II) In case of a bullish breakout: Watch for volume confirmation and manage risk by setting stop-loss orders and taking profits near resistance levels. (III) If bearish momentum takes over: Look for buying opportunities near support levels but remain cautious if prices fall below critical thresholds like $3,000. By preparing for multiple scenarios and staying disciplined in execution, traders can position themselves to capitalize on Ethereum’s next big move while managing risk effectively. As always in trading: plan your trade and trade your plan! Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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
#Ethereum $ETHUSD One year analysis.CRYPTO:ETHUSD Key Levels: 1. 4500 = Nearest major supply & 12 month target. 2. 4105 = Last year's high. 3. 2700 = Closest majot demand. Analysis: CRYPTO:ETHUSD is currently trading slightly below the 2024 high of approximately $4105. This level has broken above March's high around $4090, therefore it is no longer valid and must be cleared for ETH to reach a new all time high above the upper channel wedge. The current uptrend appears to be losing momentum. For a resumption of the bullish trend, a period of price consolidation near the lower wedge of the current channel, around the $2700 demand zone, may be required to gather momentum. Conclusion, A retest of the $2700 level may provide a very favorable buying opportunity. #AhmedMesbah #Ethereum #ETH #ETHUSD #ETHANALYSIS #CRYPTO #CRYPTOCURRENCY #ETHCOIN #SUPPLYANDDEMAND
CRYPTO:ETHUSD
by AhmedMesbah
2
#PEPE $PEPEUSD Is seaking demand.CRYPTO:PEPEUSD Key levels: 0.00021600 = Nearest Weekly/Daily Supply 0.000014900 = Nearest Demand / Breakout level 0.000010100 = Channel lower wedge last buying level "Below this the coin turns bearish" CRYPTO:PEPEUSD Is currently seeking demand after the price has tested the recent nearest supply around 0.00021600. Price is determined to test the nearest demand around 0.00014900. A daily close below this level is unlocking a new zone that extends until the lower channel wedge around 0.000010100. The coin is abuy as long as it is trading above 0.000010100. Any daily/monthly close below this level is bearish. #AHMEDMESBAH #CRYPTOCOIN #PEPE #PEPEUSD #ETHEREUM #MEMECOIN #MEME #SUPPLYANDDEMAND #CRYPTOCURRENCY
CRYPTO:PEPEUSD
by AhmedMesbah
$BTC 1W Largest Scale Playing with Long Term Ideas (Update)This idea i made today for long term idea just as it is an idea some basic lines and formations were made but it was pretty simple using same red lines the decline lines are same angle as it states. showing prices and times as estimates i will come look at this and progression when iI m older and know more of this trading and chart mechanics etc! I am not a Financial advisor or any way good with number.. sorry that's a lie I am very good with math but I haven't had to make financial gains on markets not crypto at least.! I have crypto but earned it all freely over short time last 2 years have over a few band only a couple,, but free earned and mostly passive about 70% passive :) anyway and so that makes it all gains but i do swap stuff at lows and highs and various coin swaps using special maths and tools no one else does a lot and take advantage of the "virtual arbitrage" between trading oone coin for another and then another .... if you get it you get it! WHAT YOU THINK OF IDEA its one for me to come back to in years and look and go wow we were at 100k moment JUST like the 10k moment. Only I don't remember It so well! hope you enjoy! let me know your opinion and what could be wrong or different! lets learn from one another and take over the markets! Thanks and please share you Opinions so we can all grow and own the markets together!
BITSTAMP:BTCUSDLong
by CryptoFerk
TradeCityPro | APT: Daily Trend Breaks and Bottom Forming👋 Welcome to TradeCityPro! In this analysis, I will examine the APT coin, the primary coin of the APTOS network, which is one of Ethereum's second-layer networks. This analysis will be conducted in the daily timeframe. 📅 Daily Timeframe: Breaking the Curved Trend Line and the First Bearish Leg In the daily timeframe, we are witnessing a strong upward trend that started from the $4.89 area with a curved ascending trend line up to $14.75. This trend line supported the price three times but finally broke on the last contact, initiating the start of a bearish wave from this trend line break. 📊 After the price reached the peak of $14.75, the market volume gradually decreased, and after forming a lower high and breaking the curved ascending trend line, the market momentum shifted and the bearish phase began. 🔽 The main correction trigger after the trend line break was the break of $11.28, which coincided with the 0.236 Fibonacci level, making this area a strong Potential Reversal Zone (PRZ). However, the bearish volume and momentum were strong enough to break this support. 🔍 Currently, the price is attempting to round off and form a bottom. It's also the Christmas holiday season, and the market volume has decreased, which could make it easier for whales and holders of this coin to facilitate bottom formation. Additionally, the price has reached the golden Fibonacci zone between 0.5 and 0.618, which could significantly influence the end of the correction and the continuation of the upward trend. 🧩 The RSI oscillator is also in a critical and interesting area. If it stabilizes below 30 and enters the Oversell region, there might be panic in the market, potentially leading to a sharp drop. For the continuation of the upward trend and a new bullish leg, the RSI needs to rise above the 50 area to introduce momentum into the market. 📉 If further correction occurs, the next support level is at $7.51, and in the event of panic and sharp declines, the next support would be at $4.89. 🔼 For long positions, if the momentum changes, the market will create a new structure and provide triggers, but currently, the only triggers are at $11.28 and $14.75. The next resistance will be at $17.96. 📝 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
14