Cryptocurrency
BNB thesis investment Current Market Conditions
BNB is trading at $712.19 and shows strong bullish momentum, supported by key technical indicators like RSI and Stochastic above 50.
Key Levels and Strategy
Stop-loss: $700.00 (manages downside risk).
Take-profit: $730.00 (targets near resistance levels).
Exit Point: $720.00 (partial profit-taking to secure gains).
Resistance Levels: Watch $717.95 and $723.77 for potential breakout points.
Recommendation
The data supports an OPEN LONG position with a 75% confidence level, capitalizing on positive sentiment and increasing trading volume. Monitor resistance levels and adjust positions based on breakout or pullback scenarios.
Risk Management
With no current positions open, this presents a good opportunity to enter while implementing tight risk controls. Stay vigilant as the market remains dynamic.
Prediction:
BNB is poised for upward movement, with a high probability of reaching $730.00 in the short term if the market remains supportive. However, traders should watch for consolidation near resistance zones and adjust their strategies accordingly.
TradeCityPro | ONG: Daily Momentum and 4H Futures Triggers👋 Welcome to TradeCityPro!
In this analysis, I will examine the ONG coin, a key project within the Ontology ecosystem and a foundation for other projects within this ecosystem.
📅 Daily Timeframe: Loss of Momentum After a 100% Rally
In the daily timeframe, we observe an accumulation box from $0.2504 to $0.3551. After the last rebound from the $0.2504 support, the price experienced a 100% growth to the resistance at $0.5392.
🔽 After reaching this area, the market momentum completely shifted, and the price fell first to $0.3551 and is now at $0.3002. We can now say that the bullish momentum has dissipated, and for the price to increase again, it needs to build a new structure.
🔍 If further declines occur, breaking $0.3002 would be a suitable trigger. For confirmation of bullish trends, breaking $0.3551 is appropriate, but I will discuss these triggers more in the 4-hour analysis.
📊 The volume for this coin is generally low, which, as you can see, creates many shadows making futures trading challenging. Currently, the volume is also gradually decreasing.
🔼 If $0.3551 breaks and the RSI surpasses 50, the price could move higher. The targets for this move are $0.5392 and $0.7393.
📉 If $0.3002 breaks, the next supports are $0.2504 and $0.2170.
⏳4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, we can see price behavior in more detail.
✨ After the second bearish leg from $0.4071 to $0.3002 and a fake break of this support, the price formed a range box and we can also observe a descending trend line.
🔽 For a short position, if $0.3002 breaks, consider opening a short position. The target for this position is $0.2602. However, a floor above this zone at $0.3100 presents a riskier trigger, and if this area breaks, you could open an early short position. A break of 41.06 aids the entry of more bearish momentum and further market decline.
📈 For a long position, first wait for the descending trend line to break. In this case, you can use the trend break trigger or wait for a break of $0.3564. The target for this movement is $0.4071. The next trigger for a long position is a fake break of the $0.3002 support, which has already happened once and managed to keep the price above it. In case of another fake break, you could open a position with an engulfing candle or another pattern trigger.
📝 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! ❤️
TradeCityPro | APEUSDT Calm in the NFT Market👋 Welcome to TradeCityPro Channel!
Let’s analyze one of the most well-known coins in the NFT space, which instantly reminds us of the NFT market whenever mentioned.
🌐 Overview Bitcoin
As usual, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe, where it seems the 92722 support has been faked. On the 4-hour timeframe, a good engulfing candle is forming near the year-end, which could be a positive sign.
Today's daily candle is very important. If it closes with good volume, we might consider a risky entry while keeping an eye on the market. If Bitcoin dominance rises, we might see Bitcoin's upward movement toward 115K, and if dominance falls, the altcoin market could offer better opportunities!
📊 Weekly Timeframe
In the weekly timeframe, we can see APE has risen from its last support at 0.557, finally showing signs of life and activity, which is promising for the NFT market, although more active projects like BLUR exist.
After being rejected from 1.883, the resistance level shifts to 2.335, which could mark the breakout point of the weekly box. Breaking this level could act as a trigger for buying, with a stop loss at 0.892.
If 0.892 breaks, it’s logical to set your stop loss below 0.557. Even if you are holding from before, it makes sense to exit your position and cash out below this level.
📈 Daily Timeframe
On the daily timeframe, after the break of 0.894, it was possible to buy with either a Risky stop loss at 0.67 , Secure stop loss at 0.545
If this trade was taken, it would have been reasonable to exit the initial investment at 1.943. If not, it’s better to currently do nothing and let the stop loss hit.
For re-entry, I’d likely wait for 1.943 or 1.269 to break while watching for capital inflow into the NFT market. Personally, I’d focus on other coins in the NFT space with newer features.
During the upward movement, volume increased, and during the correction, volume decreased, which is a positive sign for the bullish trend. Unlike some coins that returned to their daily boxes, APE hasn’t, which makes it slightly more bullish.
⏱ 4-Hour Timeframe
In the 4-hour timeframe, after the drop and rejection from 1.903, sellers are currently active, and the coin is within a box that defines its next move.
📈 Long Position Trigger
The strategy is clear—wait for a break of 1.280 with increased volume to open a long position. Be mindful of market conditions and manage risk with smaller position sizes. The current 4-hour candle looks promising.
📉 Short Position Trigger
After breaking 1.174, a short position can be opened with a target of 1.024, but use a tight stop loss. Once you hit your desired risk-to-reward ratio, manage the position or take profits quickly.
If stopped out, take a temporary break from the market.
📝 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! ❤️
Arweave ($AR) Reversal in Play: Eyeing $60!BINANCE:ARUSDT (Arweave) is showing signs of a potential reversal after the week of November 4th. While I’m a bit late to the entry, I’m watching for an optimal entry point to capitalize on potential upside.
Strategy:
Entry Point: Looking to enter below $22
Confirmation: I plan to buy on a weekly close above $23.4. This would confirm the reversal and suggest stronger upward momentum.
Target Price: Aiming for $60 in the medium-to-long term, should the bullish momentum continue.
FET ANALYSIS🔮 #FET Analysis - Both Side Scenario 🚀🚀
💲💲 #FET is trading in a Symmetrical Triangle Pattern. If the price of #FET breaks and sustain the higher price then will see a pump otherwise it will retest the support zone first and then a reversal can come in #FET📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#FET #Cryptocurrency #Support #Resistance #DYOR
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart 🧐
Pattern signals potential bullish movement incoming after a breakout.
👀Current Price: $4.845
🚀 Target Price: $5.333
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
Fartcoin/Usdt BITGET:FARTCOINUSDT
### FartCoin Current Price Structure
- **Current Price:** The price of FartCoin is currently **0.8353**. This is a key price level that could determine whether the coin moves upwards or downwards in the near future. It's crucial to observe whether the price holds here or if it moves significantly.
### Resistance Levels
Resistance levels are price points where the coin is expected to face selling pressure, which could prevent the price from going higher. These levels act like "ceilings" in the market, and traders watch them closely because if the price reaches one of these levels, it could struggle to break through without a significant increase in buying volume.
For FartCoin, the resistance levels are:
- **0.100**: This is a very low resistance level, meaning FartCoin may face a bit of resistance here, but it’s likely part of a short-term price structure.
- **1.124**: If the price reaches here, expect more significant resistance. The market may start to slow down or reverse, so watch closely for any signs of price rejection.
- **1.33**: This is another key resistance level. If the price reaches 1.33, it would signal strong resistance, and the coin may have difficulty moving higher unless there’s a surge in buying interest.
### Support Levels
Support levels are where the price tends to find buying interest. When the price reaches a support level, traders might buy, which can push the price higher. If the price falls below a support level, it might indicate further downside potential.
For FartCoin, the support levels are:
- **0.7000**: If the price drops to 0.7000, this could be a level where buying pressure may increase, potentially helping the price bounce back up.
- **0.5000**: If the price continues to fall and reaches 0.5000, it is considered a stronger support level. This could be a point where investors see an opportunity to buy, potentially leading to a rebound in price.
### What to Watch For
- **Price Holding at 0.8353:** If the price holds around this level (0.8353), it could potentially test the resistance levels, especially if there is enough buying interest. This would suggest a bullish outlook where the price might continue to climb toward those resistance levels of 1.124 and 1.33.
- **Price Dropping Below 0.7000:** If the price doesn't hold above 0.8353 and drops below 0.7000, it could be a sign that FartCoin is moving into a bearish phase. In this case, the next major support level would be around 0.5000, and traders would watch for signs of stabilization or reversal there.
Disclaimer : Not Financial Advice
DOGEUSD Don't let this consolidation discourage you.Dogecoin (DOGEUSD) has been trading sideways for the past 10 days, ever since the December 20 Low, following the 1D MA50 (blue trend-line) bearish break-out from the December 08 High. That was a -45% decline and naturally the current inability to reclaim those levels has many investors worried.
Technically however, this is nothing more than a standard Accumulation Phase, where investors tend to take their time and buy DOGE below the 1D MA50 following a rally's correction. During this Bull Cycle, we have already seen two such phases and the one most common to the current one is the one exactly one year ago following the December 10 2023 High.
As you can see both of those Highs were formed after a 1D Golden Cross. The January - February 2024 Accumulation Phase took place also after the 1D RSI bottomed on the 34.00 level. After this 2-month consolidation, the price started the Parabolic Rally sequence that peaked on the 3.0 Fibonacci extension.
If the pattern continues to be repeated, we are looking at a $1.500 Target at least by March - April 2025.
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Retracement will be deeper but what pattern will trigger it?Greetings everybody,
So, our H&S behaves well by far, but now the degree of uncertainty is raising. As you could see on the chart downside action is slowing. What is it? Thin Xmas market or the bearish pressure is becoming weaker?
Long-term charts - monthly, weekly show that deeper retracement has high chances to happen in nearest 1-2 months. The problem is, it is difficult to estimate what particular pattern will trigger it. If market will keep going lower - it could be our H&S.
But what if we will get the different one instead? Something like this on daily:
That's why, if you have shorts - you could keep it, just manage your stops. But for now we take the pause with the new shorts. We do not consider longs as well, because the major context is down. Hopefully after NY we will get more clarity on this subject.
ATCryptoScan: BTCUSD into early 2025... how ah?Previously, called for a moderated 88K BTCUSD by the end pf 2024. Its two days away and currently about 93K.
What I like about these recent downside targets is that they get close but not there nor exceeded. This tells me that there is underlying demand.
However, as previously marked, it really appears that regardless of support currently, there should be a (brief) meeting of 75K around early Feb 2025.
So... just marking out with a purple pencil the path BTCUSD should be taking somewhat.
Targets are projected and technical indicators are not strong, so there is downside risk.
MACD has broken below zerop line, and Rate of VolDiv is decelerating fast.
I'd be waiting and ready...
Have a Happy New Year!
BTC/USDT Chart Analysis
BTC/USDT consolidates within a symmetrical triangle, indicating a potential breakout.
This pattern often translates into a significant price movement, either upwards or downwards.
As highlighted in the chart, if BTC breaks out to the upside, the price projection is approximately 15.77%.
The measured move aligns with historical price action and the triangle's width.
Support Level: Near $93,000
The breakout of the triangle will determine the next directional trend.
Keep an eye on increased trading volume to confirm the validity of the breakout.
If the breakout is bullish: The potential target is $108,000
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
#SCROLL $SCROUSD $SCRUSD PlanCRYPTO:SCROUSD is currently seeking demand. The closest visible demand is located around the current zone where it could possibly accomulate and pick up some speed. However, there's an alternative scenario where the new coin could test ATLs around 0.7000 if a daily close would occur around 0.9000.
#SCROLL #SCRO #SCR #SCROLLANALYSIS #CRYPTO #ScrollNetwork #cryptocurrencies #AHMEDMESBAH
BTC ANALYSIS🔮 #BTC Analysis 🚀🚀
💲💲 #BTC is trading in a Ascending Broadening Wedge Pattern. And we can expect a pullback towards its support area and then a pullbacks from support zone.
💸Current Price -- $93,780
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #DYOR
TradeCityPro | CRV: Daily & 4H Correction Patterns👋 Welcome to TradeCityPro!
In this analysis, I will examine the CRV coin, which belongs to the Curve project, a DEX platform in the DeFi space. The analysis is conducted on both daily and 4-hour timeframes.
📅 Daily Timeframe: Beginning of Correction In this timeframe, after negative news for CRV, the price reached the support level at $0.2309, forming its main bottom there and starting its upward movement after accumulating.
📊 With the influx of buying volume, resistances at $0.3425 and $0.4070 were easily broken, and the price reached the resistance at $1.2630 with high momentum. The buying volume peaked and, with a Blowoff candle, the price correction began.
✨ The RSI exiting the Overbuy zone triggered the start of the price correction down to $0.382. Currently, the bottom of the correction is forming at $0.7890, and breaking this area could reach the $0.5 and $0.618 Fibonacci levels, which I have marked as limited areas for you. If these areas break, the next supports will be at $0.4070 and $0.3425.
🔍 If the price wants to continue in the same cycle with the next upward wave, it should not lose the range between $0.5 to $0.618 Fibonacci. Breaking this range would reset the market momentum, and the chart would need to create a new structure.
📈 For going long, the best trigger is breaking $1.2630 targeting $1.9116. If this area breaks, the volume and RSI should converge with the price. A divergence in volume greatly increases the likelihood of a fake break. For riskier triggers, it's better to look into the 4-hour timeframe.
⏳ 4-Hour Timeframe: New Price Structure in the Correction Phase
In the 4-hour timeframe, we can see the last upward leg in more detail and apply a new Fibonacci Retracement.
🧩 Currently, the price has corrected to the $0.5 Fibonacci zone, which overlaps with $0.7890, forming the primary bottom of the correction.
🔼 For an early and risky long position, breaking the resistance at $1.0451 is suitable. However, as mentioned in the daily timeframe analysis, the main resistance and trigger for going long is $1.2630.
🔽 For a short position, breaking the $0.382 Fibonacci, which overlaps with $0.9069, is suitable, but be cautious as you are shorting in a correction of an upward trend. Engage minimal risk so that if the upward trend continues, you do not incur significant losses.
🔑 The market volume has been decreasing since the peak at $1.2630 and is now at its lowest. The RSI is also ranging between 39.82 to 59.27, with a break of either area potentially introducing new momentum into the market.
📉 If further correction occurs, the next supports are the $0.618 Fibonacci at $0.69, and the areas at $0.5553 and $0.4661.
📝 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! ❤️
Bitcoin Must Correct Around 60K Before Any More GrowthIt seems to me like Bitcoin is overdue for a correction, probably to 58K - 65K levels. It seems pretty hard to imagine that it will go much higher until this correction takes place. Stoch RSI looks very heavy on the weekly. It will be interesting to see if alts tank as well, or if this will signal the beginning of alt season. Let's wait and find out.
XRP To Make or Break in 2025? A Pennant May TellBITSTAMP:XRPUSD has been Consolidating just above the April 2021 High @ $1.96 and shows potential of forming a Pennant Pattern! What does this mean for 2025?? Lets break it down
Resistance Zone: ( $2.90 - $2.60 )
Support Zone: ( $1.96 - $1.76 )
So far Price has made 2 Tests of both the Falling Resistance and Rising Support and 3 Tests is what usually Validates a Trend line, so we want to be vigilant for what Price ends up doing when traveling to either Leg of the Pennant Pattern!
Indicators:
-RSI Above 50 suggests the overall sentiment is still Bullish
-BBTrend Still Printing Green Bars
*If Price Breaks Below the Support, we could see Price Decline further.
*If Price Breaks Above the Resistance, we could see Price Ascend to the All Time Highs of $3.31.
TradeCityPro | MINA: Daily Uptrend and Volume Spike👋 Welcome to TradeCityPro!
In this analysis, I will examine the MINA coin. The analysis is conducted in the daily timeframe.
📅 Daily Timeframe: Increased Buying Volume Alongside a Curved Trend Line In this timeframe, after the price bottomed out at $0.3838, bullish momentum gradually entered the market, leading to a breakout at $0.5765. This initiated the main upward leg, even breaking the resistance at $0.7268 and reaching $1.0021.
🔍 After reaching this resistance, the market entered a corrective phase, initially pulling back to $0.7268 and currently to $0.5765. This support aligns with a curved bullish trend line formed in this upward cycle, creating a strong Potential Reversal Zone (PRZ).
🔽 If the $0.5765 level breaks, the price could potentially return to the $0.3838 floor. A break below 34.35 in the RSI increases the likelihood of this movement. The $0.3838 support is the most crucial for this coin.
📈 If the price rises, the first risky trigger will be breaking $0.7268, where market momentum will be low. The main trigger is at $1.0021, and breaking this area is critical. If this area is breached, the price could move up to $1.6225.
📊 Currently, the market volume has decreased during the correction, indicating trend confirmation. The RSI, if it returns above 50, will also carry strong momentum.
📝 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! ❤️