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TradeCityPro | Solana Ready to Rise or Follow BTC.D ?👋 Welcome to the TradeCityPro channel! Today, we’re diving into an analysis of the popular coin, Solana, reviewing past entry points, and scouting for new opportunities in the potential crypto bull run. 🟠 Bitcoin has hit a new high and maintained its dominance at 61.70%, effectively leading the market, Even if you missed opening long positions on BTC, there's good news—its dominance is on the rise, and the altcoin season might kick off soon! 🚀 Weekly Timeframe: Solana’s Stellar Performance Solana has been one of the market’s strongest performers, moving in sync with Bitcoin and outperforming many altcoins. Its market cap has even reached a new all-time high (ATH)! My personal entry point was at $27.67, followed by entries after breaking $47.88 and $124.59 on lower timeframes. If you’re in profit like me, consider: 1 - Withdrawing initial capital. 2 - Moving your holdings to DeFi platforms for added utility. New entries at this stage carry higher risk, as fewer confirmations are available. Wait for a break above $250.36 or even explore lower timeframes for better setups. We drew Fibonacci levels from $208.61, showing a correction around $124. Using Fibo extensions, potential targets are: $284 - $367 - $474 - $682 breakout above RSI 80.85, combined with increasing volume, could trigger these moves. 🌌 Daily Timeframe: Parabolic Growth Solana is forming a parabolic uptrend, with higher highs and higher lows. If the daily candle closes with strong volume, it could engulf previous candles, making it a great entry near $187 with a stop loss. After support at $162 was broken, two red candles were engulfed, confirming a fake breakout , Use this strategy on lower timeframes to enter positions aligned with the bullish trend. 🕒 4-Hour Timeframe Insights After breaking its daily range high at $185.34, Solana continued its rally, now at $244.57. stop-buy order was placed after breaking $221.75, supported by buyer momentum, and the position remains open , break above $246.29 will confirm our long position and momentum continuation. Avoid opening shorts under current conditions, Even in a 20% drop, I’ll focus on confirmations in lower timeframes to re-enter long positions. 💎 Solana/BTC Pair Insights Unlike most altcoins, which are at record lows against Bitcoin, Solana is holding steady. breakout above 0.0027030 BTC could spark a new rally, making it a prime candidate for entries. 📝 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! ❤️
Long
by tradecitypro
8
TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel! Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth. 👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move. ⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline. 🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins. 📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH. 🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75. ✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance. 🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected. 📅 Daily Timeframe: Beginning of a Correction? In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern. 📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17. 📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action. 🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial. 📅 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis. 🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines. 🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe. 📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422. 💎 SUI/BTC Pair Analysis The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins. Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130. 📝 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! ❤️
Long
by tradecitypro
8
TradeCityPro | Gold : World War III Rumors👋 Welcome to TradeCityPro! In this analysis, we’ll delve into gold's performance and its potential scenarios in light of rumors surrounding a possible World War III. 📅 Weekly Timeframe: Upward Leg After ATH Breakou t On the weekly chart, after breaking the critical resistance level of $2020, gold experienced a sharp rally with large bullish candles, climbing to $2400. Following a brief consolidation period, the rally continued, pushing gold to a resistance at $2751, where it registered a new ATH at $2790. 📊 Notably, both of these recent highs were accompanied by the RSI reaching 80.69, signifying a strong resistance level in the RSI. This level could serve as a key indicator to identify trend reversals in the future. 🚀 Overall, 2024 has been a bullish year for gold, with its price increasing by over 30% since the start of the year. Given the shallow corrections and strong weekly candles observed so far, gold now appears to be entering a corrective phase, which is natural and supportive of the ongoing bullish trend. 🔽 Should a sharp correction occur, the first short-term support in this timeframe is at $2409. However, this level isn’t highly reliable, and it would be prudent to wait for gold to establish a new price structure. 🧩 The SMA99 indicator reveals a significant gap between the price and its moving average. Since price and moving averages are often attracted to one another, this large distance suggests a heightened probability of a correction. 📅 Daily Timeframe: Corrective Phase In the daily timeframe, after reaching resistance at $2789, gold has entered a corrective phase, forming a non-failure swing pattern. Additionally, the price reacted at $2558, which aligns with a trendline, indicating a dual level of support. 🧲 For the non-failure swing pattern to activate, the trendline must break along with the support level at $2558. If the price closes a candle below this area, the pattern will confirm, opening the door to further declines. 🔑 The next key supports are at $2472 and $2285. Considering the undeniable weakness in this timeframe and the Dow Theory bearish pattern, further corrections are likely. 🎲 Currently, the RSI is pulling back to the 50 level, while the price has returned to test the SMA25, after initially breaking below it. If the price gets rejected from the SMA25 and the RSI continues to decline, the likelihood of breaking the trendline and activating the non-failure swing pattern increases. 📅 4-Hour Timeframe: Futures Triggers On the 4-hour chart, the price has completed its correction of the upward trend and is now attempting to resume its uptrend. Given the bullish momentum seen in the daily and weekly timeframes, if higher highs and higher lows form in this timeframe, it could signal the start of a Lower Wave Cycle (LWC). The targets for this uptrend are $2713 and $2789. 🔼 If the price continues its corrective movement, breaking and closing below the triggers at $2610 and $2558 could provide a solid entry point for bearish trades. ✅ The RSI has now reached the overbought region, suggesting a potential short-term correction before continuing the upward trend. If no correction occurs, the trend could become unhealthy, and such trends are often unsustainable. Gold remains in focus as geopolitical uncertainty, including World War III rumors, adds to its appeal as a safe-haven asset. Keep a close eye on these levels and scenarios to plan your trades effectively. 📝 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! ❤️
OANDA:XAUUSD
by tradecitypro
UPDATE: Transaction Capital on its way to the 2nd target R11.53Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce then the trajectory has been smooth sailing up. Target remains at R11.53.
JSE:TCPLong
by Timonrosso
UPDATE: Transaction Capital heading up to target 2 - R11.53Transaction Capital has been the come back duck since October. It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern. Since it broke above the neckline, the momentum has been on fire. This is just an update that the price is on its way to the next target at R11.53. UPDATE: Transaction Capital aims to generate between R900 million and R1.25 billion through the sale and issuance of shares in WeBuyCars. Preceding the proposed separation and independent listing of the successful second-hand car dealership. The strategy includes offering new shares to the asset manager Coronation, along with the issuance of additional shares for acquisition by new investors, which will result in a reduction of Transaction Capital's stake in WeBuyCars from 74.9% to a range of 57% to 67%.
JSE:TCPLong
by Timonrosso
UPDATE TCP target reached at R6.88 next target R11.00Since the last update, Transaction Capital made a breakaway gap. It then reached and tested the supports and bottoms at R4.06. Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money. This sent the price flying up to close the gap and to the first target of R6.88. With the gap closed, we can now see a new formation (Rounding Bottom 2) forming. And if the price stays above R6.88, the next target will be at R11.00. I'm bullish with TCP.
JSE:TCPLong
by Timonrosso
Transaction Capital ready to shoot up to R18.56 thanks to a box?Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the downtrend resistance at R18.56 ABOUT THE COMPANY Core Focus: Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services. Founding Year: The company was founded in 2007. Credit Services: The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market. Taxi Services: The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators. Ride-Hailing Investment: Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies. Risk Management: The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively. Technology Integration: The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience. Social Impact: Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
JSE:TCPLong
by Timonrosso
1
UPDATE: Transaction Capital hit my Take profit but I'm pissedFalling Range formed on TCP and there was a trend channel bearish 200> 7<21 All the signs were showing downside to a target at R26.46. Which it hit. If I held it just one more day it would have gone to R14.50. But that's trading for you. Now with the gaps and panic selling, we can expect some accumulation to form bringing the price up to close the gap. Then we will need to wait for the next formation and pattern to form. I'll await and let you know
JSE:TCPShort
by Timonrosso
2
Transaction Capital in a strong downward range to R26.46Falling Range is a trend channel bearish 200> 7<21 Target R26.46 CONCERNS: A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel. I would wait for a breakout before I decide whether to buy or sell. ABOUT: Transaction Capital (Est. 2001 in JHB SA) is a South African financial services company that provides a range of services, including debt collection, vehicle and asset financing, and insurance services. Transaction Capital has a strong presence in SA including Zimbabwe, Zambia, and Mozambique. The company's debt collection division is one of the largest in South Africa, serving both consumer and commercial clients. With their asset department they provide financing solutions for a range of assets, including vehicles, trucks, and earth-moving equipment. The company's insurance division offers a range of insurance products, including motor, household, and life insurance.
JSE:TCPShort
by Timonrosso
🏂GEMHUNTING #2: The Crypto Prophecies: 200EMA/dynamic supportWelcome to the second episode of my #GEMHUNTING series where I look for micro-cap coins with both good looking chart & fundamentals. The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has not been touched yet. It seems like the price may have formed an ascending wedge, but it's gonna take a while until we see a potential squeeze. The upper trendline of the formation is also over 300% away so that's good enough. I went over their website, whitepaper and everything looks good. The game is being constantly developed, the devs are posting a lot of updates and interact with community. The game runs on Polygon(MATIC) Current market cap: $13,960,588 Let's compare The Crypto Prophecies to a similar project with much bigger market cap: "If The Crypto Prophecies had Axie Infinity's market cap of $8.7B, 1 TCP would be worth $107.32, an upside of 614x" // Source: coinperspective Targets: 0.20 0.25 0.2754 (local level) 0.31 0.39 0.45 0.55 ATH+ -- if things go right possible long-term hodl with no specific targets -- ----------------------- About TCP: The Crypto Prophecies is a decentralised peer-to-peer price prediction game that uses NFT characters called Crypto Prophets. Place your wager and go head-to-head with other players to battle it out over the candles, predicting how each one will close. It’s a real-time points based game and it’s against the clock, so be quick with your predictions and watch out for your opponents magic spells! Source: morioh
TLong
by V0VOLAN
2
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ). ** Price Taken Support On Trendline And Retraced From Demand Zone . ** Hammer Pattern ( Price Rejected From Demand Zone 323-326 ) After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy . Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side . Buy 337.5 SL 324.4 Manage Your Target And Sl According to Your Risk Appetite . Happy Learning .
NSE:TATACONSUMLong
by veensh
Long Term Support about to be broken?On the chart you can clearly see that long term support is broken. Also downtrend is in play since last couple of weeks - 2 trends are forming nice simetrical triangle. My bias is short here. A lot of traders are waiting for confirmation on daily to enter short now. Let's just wait for confirmation and see if the trendline starts acting as resistance (personally I think it will test the line few times). If the trendline becomes resistance indeed, then it's safe to enter Short position and aim to the previous lows in the support line (1.486 or even 1.394). On the other hand if the price goes above RED downtrend line and support trendline holds, we will see it rising even more, but I don't see this happening. Good Luck!
Short
by mryoung