TradeCityPro | ATOM: Major Support Test in Cosmos Ecosystem Coin👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the ATOM coin for you. This project is part of the Osmosis network ecosystem.
🔍 ATOM, with a market cap of $1.68 billion, is currently ranked 51st on CoinMarketCap.
📅 Daily Timeframe
As you can see in the daily timeframe, ATOM is currently sitting on a very significant support zone. It has tested this area multiple times, and once again, it’s hovering around that level.
⭐ If the price finds support here and begins to move upward, we can consider entering a long position with a trigger at 4.588. The main bullish trigger will be the 5.380 level, and if that breaks, spot buying can also be considered.
✨ As I always mention with spot triggers on altcoins, it’s best to wait for Bitcoin dominance to start declining before entering. If that happens, ATOM could potentially move toward targets at 7.514 and 10.4.
⚡️ If the key support at 4.075 breaks, we can open a short position targeting 3.501. The 35.68 level on the RSI is a critical support, and a break below it would serve as a momentum confirmation.
📊 Also, keep an eye on market volume. It has been declining recently, and once volume starts flowing in on either side, we can prepare to act on the corresponding 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! ❤️
DEFI
TradeCityPro | APT: Triangle Squeeze Near Crucial Support Zone👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing the APT coin. The Aptos project is one of Ethereum’s Layer 2 solutions.
✔️ This project’s token currently holds a market cap of $3.1 billion and ranks 32nd on CoinMarketCap.
📅 Daily Timeframe
On the daily chart, you can see a very strong support level at 4.718, which has been tested multiple times. The price has once again reached this zone.
💥 A descending trendline can also be drawn, showing clear reactions from the price. The area between this trendline and the 4.718 support forms a triangle pattern.
⭐ If the 4.718 support breaks, a short position could be considered. A breakdown below 37.78 on the RSI would serve as strong confirmation of bearish momentum.
📉 The initial target for the short would be 4.338. However, if a new bearish leg forms and the market heads toward lower lows, a drop toward the 3.12 support level is also possible.
📊 Confirmation of a bullish reversal would come from a breakout above the descending trendline. If this trendline is broken and the 6.152 trigger activates, it would justify opening a long position or even buying in the spot market.
🛒 When it comes to spot purchases, the most important factor is a trend reversal in Bitcoin dominance. Personally, I do not buy any altcoins on spot until Bitcoin dominance shifts downward on the daily chart — I only trade them in futures.
📝 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! ❤️
CETUS Hack Giving Opportunities Within SUICRYPTOCAP:SUI SUI is one of the fastest growing L1 chains. Previously extreme intra SUI dominance within swapping volume by KUCOIN:CETUSUSDT CETUS. This hack is a direct threat to the confidence of not just the application but the chain itself just like Ethereum was exposed during the MakerDAO hack.
Volume market wants to know their funds are secure to certain degree and predictable. Volume flow is more than fine with centralisation, esp with low barriers. Should the deposits be mostly secured and exploit fixed then it can bring confidence roaring back not just to CETUS but more importantly, SUI.
CETUS dominance within SUI is falling to rising applications. My favourite is Bluefin with its low barriers to account creation like google login. KUCOIN:BLUEUSDT BLUE has rising dominance within SUI volume market.
TradeCityPro | CORE: Watching Trendline and RSI for Next Move👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing the CORE token. This project is one of the DeFi infrastructure developers for Bitcoin and also runs its own Layer 1 blockchain.
💥 The token currently holds a market cap of $826 million and is ranked 86th on CoinMarketCap.
⏳ 4-Hour Timeframe
As seen on the 4-hour chart, CORE is in an uptrend supported by an ascending trendline, with price consistently moving higher along it.
✅ In the last bullish leg, price only managed to retest the previous high around 0.8727 and is now undergoing a pullback.
⚡️ This shows signs of weakness in the bullish momentum. If the price fails to close above 0.8727 and drops back to the trendline, the risk of a trendline breakdown increases.
🔍 There’s also the potential for price to form equal highs and higher lows, forming an ascending triangle, which would favor a bullish breakout scenario.
🔑 Watch the RSI oscillator closely. Historically, every time RSI reached the 70 zone during a bullish move, the trend topped out and reversed. So if RSI manages to break above 70 this time, it could trigger a much stronger bullish leg.
📈 For a long position, potential entries include a breakout above 0.8727 or a bullish bounce off the ascending trendline.
🔽 For a short position, the first trigger would be a break of the trendline and activation of the 0.7560 support zone.
📝 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! ❤️
$COOK+$MNT: Low risk buy + airdrop + yieldNYSE:COOK and TSX:MNT are DeFi gems with strong upside. NYSE:COOK governs mETH Protocol (TVL: $2.19B, 4th-largest ETH staking platform), TSX:MNT fuels Mantle L2 ( SEED_TVCODER77_ETHBTCDATA:3B TVL, 29% address growth, 44% new users).
With Methamorphosis Season 3 (until Sep 22, 2025) airdropping 250M COOK via Powder points and the Cook feast rewarding holders, you should not miss out on these.
Ways to farm farm S3 :
*Stake mETH/cmETH (0.02 ETH min, 10 Powder/day per mETH)
* Lock TSX:MNT , or engage with dApps (e.g., Karak, Pendle).
Best of luck!
Cheers,
Ivan Labrie.
TradeCityPro | S: Trendline Break Signals Key Support Retest👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the S coin—one of the Layer 1 coins for the Sonic network.
💥 This coin currently holds a market cap of $1.43 billion and ranks 58th on CoinMarketCap.
⏳ 1-Hour Timeframe
On the 4-hour chart, as you can see, there’s a large range box between the 0.3939 and 0.6147 levels where price has been moving sideways.
🔍 A key support zone also exists between 0.45 and 0.46, which has received strong bullish reactions, pushing the price upward toward the 0.6147 top via a trendline.
✔️ Currently, this trendline has been broken, and a new support level has formed at 0.4888, which has been tested several times.
✨ If this 0.4888 level breaks, a short position targeting the 0.45 zone and 0.3939 becomes viable.
📈 For a long position, the first trigger is the 0.5266 level. A breakout here would confirm support at 0.4888 and open the path toward the 0.6147 resistance.
🎲 The RSI oscillator is hovering near the 50 level. A sustained move above this could increase the likelihood of the bullish scenario playing out.
📝 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 | SOL: Key Retest at Support Before Next Breakout👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the SOL coin—one of the most requested assets and a very popular project in the crypto space.
✔️ This coin holds a market cap of $3.61 billion and is ranked 6th on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see, a bullish leg started from the 142.25 support and extended up to the 177.51 resistance.
🔍 Currently, after a fake breakout of 177.51 and a rejection from 183.86, the price has dropped back below 177.51 and formed a support level around 166.82.
📈 So far, the price has tested the 166.82 level twice and shown a strong bullish reaction. Recently, a powerful support candle has formed at this level, suggesting it’s being defended.
💥 If the price can move back toward the upper levels, a breakout of either 177.51 or 183.86 would provide a long entry trigger. If a higher low and higher high form before the breakout of 177.51, the trigger becomes even more reliable.
📊 Market volume has declined since the upward move ended. If volume increases as price rises again, it would provide a volume confirmation.
🔽 For a short position, the 166.82 level serves as a valid trigger. In my view, it’s a strong enough level to justify opening a short. The next major support below lies at 142.25.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | CAKE: Triangle Squeeze Nears Breakout Decision👋 Welcome to TradeCity Pro!
In this analysis, I want to review the CAKE coin for you. This project is one of the crypto DEXs that operates on the BNB network and is among the most popular projects on that chain.
💫 This project’s token, CAKE, has a market cap of $747 million and ranks 95th on CoinMarketCap.
📅 Daily Timeframe
As you can see in the daily timeframe, a symmetrical triangle has formed, and the price is moving near the end of this triangle.
💥 Personally, I don’t trade when the price is in this area of the triangle and prefer to wait for the triangle to break, because there’s a high chance of random volatility that can cause missed opportunities due to incorrect entries.
✅ I recommend that you also wait for a breakout from this triangle and open a position only after it breaks—whether to the upside or downside.
✨ For a long position, you can enter after a breakout above 2.5. The main trigger will be the 2.847 zone. An RSI move into the Overbuy zone would also be a great confirmation for this position.
🔽 For a short position, our first trigger is the 1.909 level. If this level is broken, the price could start a downtrend toward 1.461. The main confirmation of a bearish trend will be a breakdown below 1.461.
📊 In any case, whichever trigger gets activated, I believe volume confirmation is essential. If volume increases along with price movement, the likelihood of that move being a fakeout decreases.
📝 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 | LINK: Eyeing Breakout as RSI Signals Divergence👋 to TradeCity Pro!
In this analysis, I’m going to review the LINK coin. This project is one of the well-known DeFi and Cross-Chain platforms, and it's considered one of the top projects in these categories.
🔍 The LINK token currently has a market cap of $627 million and holds a ranking on CoinMarketCap.
⏳ 4H Timeframe
As you can see, LINK has started a bullish leg, rising from $13.30 to $17.62. After a pullback that reached as low as $15.92, it has returned to test the previous high.
⚡️ If the $17.62 resistance is broken, the price could rally toward $19.42. Therefore, a breakout above $17.62 can be used as a long entry trigger.
📊 So far, volume has aligned well with the upward trend, and there are no signs of weakness from the volume perspective. However, if volume rises during a pullback or drops during a bullish move, it would signal a volume divergence, potentially indicating a trend reversal.
💥 Meanwhile, the RSI oscillator shows a bearish divergence. If RSI closes below the 50 level, this divergence would be confirmed, suggesting the possibility of a corrective move.
✨ To confirm a deeper correction or trend reversal, a breakdown below $15.92 would be significant. The next support after that lies at $15.22, with the main support far below at $13.30.
✔️ For short positions, I recommend waiting for clearer signs of trend reversal, such as volume divergence or confirmed RSI divergence. At the moment, there’s no solid short setup, and we need to wait for a suitable structure to develop.
📝 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! ❤️
Ethereum and the Pectra Upgrade: ETH Growth PotentialEthereum is approaching a significant upgrade called Pectra, which, according to analysts at Trenovia Group, could become a major catalyst for ETH’s price appreciation—especially if network activity continues to rise.
What Does Pectra Bring?
Pectra continues Ethereum’s path toward greater technological maturity. The upgrade introduces enhancements to the Ethereum Virtual Machine (EVM), optimizes validator coordination, and strengthens smart contract security. As Trenovia Group highlights, such developments are essential to the platform's long-term competitiveness and stability.
Potential Impact on ETH Price
Based on Trenovia Group’s internal analysis, ETH could strengthen after the Pectra upgrade, assuming a rise in network engagement. Past events, such as The Merge, have historically driven price momentum. However, sustained growth depends on actual increases in user activity, transaction volumes, and new project deployments.
Network Activity as a Growth Indicator
Network usage is one of the most critical metrics tracked by Trenovia Group. A surge in active wallets, decentralized applications (dApps), and DeFi platforms often translates to higher demand for ETH. These indicators are at the core of our investment strategies and client advisory services.
Trenovia Group’s Position
As a company focused on digital asset analytics and blockchain innovation, Trenovia Group views Pectra as a strategically important upgrade. It further solidifies Ethereum’s role in decentralized finance and Web3. We will continue to deliver in-depth market insights and recommendations as the network evolves.
Conclusion
Ethereum is entering a new phase of development. Should the Pectra upgrade lead to a measurable increase in network activity, Trenovia Group anticipates a favorable environment for ETH growth, reaffirming its position as a leader in the crypto market.
TradeCityPro | STX: Watching Triangle Breakout and RSI Reaction👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the STX coin, which belongs to the Stacks project—a Layer 2 solution for Bitcoin.
🔍 STX, with a market cap of $1.45 billion, is currently ranked 59 on CoinMarketCap.
🔄 In the previous analysis, I drew an expanding triangle and mentioned that if this triangle breaks to the upside, we can enter a long position or even make a spot purchase.
✨ The trigger for the triangle breakout was at the 0.731 level. After breaking out and pulling back to this level, the price moved up to 1.049 and is now once again in a consolidation phase.
📅 Daily Timeframe
Currently, after RSI got rejected from the 73.58 zone and exited the overbought area, the price has undergone some correction. A pullback to the 0.871 level is possible.
🧩 If a pullback or deeper correction occurs, as long as RSI remains above 50, I still consider the market momentum to be bullish and believe the price can continue moving upward.
📈 If we see a solid bullish candle confirming continuation, we can enter a long position. However, the main long trigger is the breakout of 1.049. The RSI trigger for sharper moves would also be a breakout above 73.58.
📊 The next resistance level is at 1.332. If this level breaks, the coin enters a new price zone, and we’ll need to see whether it can establish support above that area.
🔽 For a bearish scenario, we should wait for the market to form a structure and provide a valid trigger to confirm a short position. At the moment, it’s better to wait for that setup.
🔑 If the market turns bearish, the key support zones to watch are 0.731, 0.571, and 0.453, which could potentially halt further decline.
📝 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! ❤️
SUSHI - History Repeating Itself!Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
I find the SUSHI 🍣 daily chart intriguing , as it seems to be following the classic Wyckoff Cycle 📈.
If history repeats itself, we’ve just broken out of the accumulation phase ✅, highlighted in green 🟩.
As long as the bulls 🐂 remain in control, the markup phase may have just begun—potentially pushing SUSHI as high as $2.5 🚀.
❓ What's next?
Will SUSHI continue to trade higher from here, or will this cycle play out differently?
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
TradeCityPro | SUI: Bullish Push Faces Key Resistance Test👋 Welcome to TradeCity Pro!
In this analysis, I want to review the SUI coin for you. It's one of the DeFi layer-1 projects that was highly hyped in 2024 and has recently gained renewed attention due to some news from the project.
🔍 This project's coin, with the symbol SUI, has reached a market cap of $11.3 billion, ranking it 11th on CoinMarketCap.
📅 Daily Timeframe
As you can see in the daily timeframe, since the last analysis I shared in this channel, the price has rebounded from the support zone I highlighted and, after breaking the trendline, made a bullish leg up to 3.6402.
📊 A significant amount of buying volume has entered the market, and the RSI has entered Overbuy territory. These two factors drove the bullish move, and the 3.6402 resistance is a key level that has temporarily held off further price increases.
✔️ Currently, we’re seeing a few corrective candles that caused the price to reject from this resistance, but it's holding up well and still looks poised to move back toward this level.
🛒 For spot buying, if the price moves back toward this area, you can enter a position on a break of 3.6402. The next trigger is the break of 4.0866, and the main resistance ahead is 5.2689.
🔽 If a correction occurs, support levels are 2.7830 and 2.2495. If price retraces, these can serve either as short targets or long entry zones depending on the price reaction.
📉 Confirmation of trend reversal would come if the price fails to make a higher high above 3.6402 and breaks the current low. After that, we can consider opening a 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! ❤️
Solana Daily Outlook | Key Levels & Market Momentum👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together .
Ready for smarter trades ? ⭐️
⚡️Today , we're going to analyze the SOL( Solana ) coin together on the daily timeframe and find triggers for our positions .
💠 🔍Daily Technical Overview
Solana (SOL) recently broke out of its descending trendline on the daily chart, leading to an impressive 30% price surge. This breakout marked a key shift in market sentiment and highlighted a fresh wave of buyer interest.
Currently, SOL is moving through a distribution phase, where price consolidates and profit-taking occurs. All eyes are on the $152.55 resistance level – a breakout above this zone, backed by solid volume, would present a strong long entry opportunity.
📊 🧠 Fundamental Insights
Solana isn’t just showing strength technically – the fundamentals are also aligning for a bullish outlook:
✅ After a 65% correction, buyers are returning to accumulate at discounted levels.
✅ Ecosystem growth continues, with strong developer activity and use case expansion.
✅ Trading volume is on the rise, supporting the price recovery.
📰 🔥 This Week’s Positive Solana News
Here are the major developments from the past week that are giving Solana a strong boost:
📈 Price Forecast: Analysts now project that SOL could reach $155–$160 by the end of May, with potential upside toward $180 in the near term.
🏦 Institutional Investment: Upexi Inc. has announced plans to allocate $100 million toward purchasing Solana tokens — a major show of confidence.
📊 ETF Filing: Franklin Templeton has filed for a Solana-based ETF to track SOL’s price, which could open the door for more mainstream investment.
🇺🇸 US Government Involvement: Reports suggest the U.S. government is considering Solana as part of its strategic digital asset reserve, highlighting its growing legitimacy.
📝 Conclusion
🚀 Trendline breakout = bullish confirmation
📌 Consolidation = distribution zone
📊 Break above $152.55 = long setup
📉 Previous 65% correction = attractive accumulation zone
📰 Positive news flow = fundamental support for continued growth
I love you all so much . 👀
don't forget about capital management and risk management .
Be careful with your positions . 🥇
Why Ethereum Could 10x in the Next Few Years🚀
1. Ethereum ETF Approval
ETFs are approved in the U.S. (similar to the Bitcoin ETFs in early 2024), institutional money will flood in.
Grayscale, BlackRock, and others have already filed.
Ethereum’s price jumped significantly after similar events in the past.
2. Deflationary Supply (Post-EIP-1559)
Since EIP-1559, ETH has been burned with every transaction.
Combined with Proof-of-Stake (The Merge), ETH is now net deflationary during periods of high network activity.
3. Layer 2 Ecosystem Is Exploding
Rollups (Arbitrum, Optimism, Base, zkSync) are scaling Ethereum.
These L2s settle on Ethereum L1, driving fees and activity.
Vitalik’s "rollup-centric roadmap" is playing out — this benefits ETH long-term.
4. Real Yield from Staking
Ethereum now offers a real, sustainable yield from staking (~3–5%).
Institutions love yield. ETH becomes more like a productive asset, not just a speculative token.
5. Ethereum as the Base Layer of Web3
DeFi, NFTs, gaming, DAOs — Ethereum is still the dominant smart contract platform.
The most secure, battle-tested, and widely adopted chain.
Developers and enterprises continue to build on Ethereum over competitors.
6. Macro Tailwinds
As the U.S. moves toward looser monetary policy, risk assets (including crypto) historically benefit.
Crypto adoption is growing globally — from Latin America to Asia — and Ethereum is often the entry point.
TradeCityPro | LDO: Watching for Breakout in DeFi Leader’s Range👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the LDO coin — one of the well-known DeFi projects within the Ethereum ecosystem with a significantly high TVL.
✔️ This project’s token currently has a market cap of $748 million, placing it at rank 86 on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see on the 4-hour chart, after a downtrend, LDO formed a bottom around the 0.676 zone and managed to rally up to 0.868.
🔍 Currently, the price is consolidating below that resistance in a ranging box. A breakout from either direction of the box could determine the next trend.
⭐ If the box breaks upward and the 0.868 level is breached, we can consider the prior downtrend over, and the price would be forming a new bullish structure. However, there is another resistance at 0.904 right above, and there’s a possibility of rejection from that level after the 0.868 breakout.
📈 For a long position, I personally plan to enter upon the breakout of 0.868. While it’s possible that the price might reverse from 0.904, I prefer having an earlier entry and using a more accessible trigger.
🔽 On the other hand, if the box breaks to the downside, the price might revisit the 0.676 support and potentially start a new bearish leg in line with the longer-term downtrend.
📉 The first short trigger is the break of 0.818 (the lower boundary of the box), but there’s another minor support at 0.795, which may cause a bounce.
👀 I personally prefer to wait for the 0.795 level to break for a short entry, given that market momentum is currently bullish, and I prefer a more reliable trigger for shorts.
📊 Volume within this range has been decreasing, which is normal in such consolidation phases. The longer the price stays in this range, the lower the volume tends to be — and typically, a breakout will lead to a sharper move.
The RSI oscillator also has a support zone at 43.17. If this level is broken, it could signal incoming bearish momentum and increase the probability of a downside breakout.
📝 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 | ENA: Expansion Pattern Near Critical Break Levels👋 Welcome to TradeCity Pro!
In this analysis, I want to review the ENA coin for you. The Ethena project is one of the DeFi projects in crypto that has attracted a lot of hype in this category.
💥 ENA coin, with a market cap of $1.7 billion, ranks 50th on CoinMarketCap.
📅 Daily Timeframe
As you can see on the daily chart, there is an Expanding Triangle, and the price is fluctuating within this pattern.
📚 One key characteristic of an Expanding Triangle is that while the price is within the triangle, it tends not to respect static levels such as supports and resistances. Currently, the price is within the triangle and, as you can see, it doesn’t respond significantly to static zones.
📈 For this coin to become bullish, the triangle must break to the upside and the triangle trigger at 0.37 should be activated. In that case, the price can move upward and begin a bullish trend. Full confirmation of the bullish reversal will come with price stabilization above 0.4746.
✔️ For continued downward movement, the first trigger is the break of 0.2694. If you already hold this coin, you can use this level as a stop-loss — and once the price closes below it, you can trigger your stop-loss.
📊 For short positions, the break of 0.2694 is a valid trigger, but the issue is that it activates before the triangle breaks, and I personally prefer not to open a position within an Expanding Triangle — I’d rather wait and enter after it breaks.
🔽 Another trigger for a bearish move is the break of 0.2054. This is the main support for ENA, and if it breaks, the price will register a new All-Time Low.
📝 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 | ENSUSDT Huge Breakout Coming? 👋 Welcome to TradeCityPro Channel!
Let’s dive in and analyze one of the DeFi coins, ENS, together. It’s been performing well recently and has some exciting news!
🌐 Bitcoin Overview
Before starting the analysis, I want to remind you that, as per your request, we’ve moved the Bitcoin analysis from the main section to a separate daily analysis. This allows us to discuss Bitcoin’s status in more detail and analyze its charts and dominance together.
This is the general analysis of Bitcoin dominance, which we promised to cover separately and analyze in longer timeframes.
📊 Weekly Timeframe
In the weekly timeframe, ENS is one of the bullish coins in the market with a promising outlook. It began its main upward movement before the start of 2025, back in late 2023.
After breaking the 9.99 level, we entered the main uptrend, and we can say that we broke the market cap ceiling, achieving a new ATH market cap.
We’re also riding a bullish curved line that acts as support. If this line is broken, it signals a weakening of the main uptrend. A drop below 15.90 would indicate a trend change in the MWC (Market Wide Correction).
Currently, our key weekly support has shifted. We were supported at 13.15, easily moving past this level. Our spot exit trigger is now 13.15, whereas last week it was 15.90.
📈 Daily Timeframe
In the daily timeframe, after a rejection from the ATH at 47.68, we entered a range box between 30.75 and 37.77. After some weak movements toward resistance, we saw a corrective wave.
Following a daily engulfing candle that covered the previous three candles, we experienced a sharp downward wave to 13.49. After that, seller pressure seemed to fade, and buyers stepped in. After a fake breakout at 13.49, we saw a move up to 18.41.
Additionally, the trendline formed during the recent declines in this chart was broken after the support at 13.49. However, since the trigger hasn’t been activated yet, we’re not acting on this trendline for now. But if 18.41 is broken, you could consider a risky spot buy.
✍️ Final Thoughts
Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️
DeFi Index Completes Irregular Flat Correction; Bulls Back?DeFi Index may have a completed irregular flat correction within an uptrend, which may cause another rally this year, according to Elliott wave theory.
Cryptocurrencies are recovering and DeFi Index is now bouncing back above EW channel, so a five-wave impulse into wave (C) of an irregular (A)(B)(C) flat correction in blue wave B can be finished. It means that a higher degree blue wave C can now be in play, which can rally this year all the way back to March 2024 highs. Is this the beginning of an ALTseason?
A basic bullish irregular flat correction is a three-wave (A-B-C) pattern where wave B exceeds the start of wave A and wave C dips below wave A before the overall bullish trend resumes.