Get started

Technical Analysis

DOT Poised for a Breakout: Key Levels and Price Recovery OutlookHello, Traders! After reaching its highest point since last March, DOT price entered a correction phase, dropping over 40% from its recent peak. However, it's showing signs of recovery and is currently trading above the $7 price level. At this stage, it's highly probable that DOT has established a local bottom at the $6 level, making it unlikely that the price will drop below this support area under current market conditions. Looking ahead, there are two key resistance levels to monitor at $8 and $9. Breaking through these levels could open the door for a significant rally, with the potential to push DOT above the $12 mark — a price point not seen since 2022. From a mid-term perspective, DOT continues to exhibit bullish tendencies, supported by improving market sentiment and increasing interest in the broader Polkadot ecosystem. As development activity and adoption grow, it's only a matter of time before the price begins to climb again. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
TradeCityPro | LDOUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel! Let’s analyze LDO again, which I uploaded for you before the New Year, and review the triggers we had set. Thanks to TradingView for choosing that analysis as an Editor's Pick! Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting the altcoin analysis, we take a look at Bitcoin on the 1-hour timeframe. All our entry triggers have been activated, and we currently hold a position from our primary trigger at 95554. I personally moved the stop-loss to the entry point. Bitcoin dominance also increased with this move, which is excellent news. Personally, I believe we might see Bitcoin registering a new ATH with its dominance rising. It feels like Bitcoin could reach around $115,000, and then we’ll see an altcoin season. 🕵️‍♂️ Previous Analysis Updating our previous analysis, we provided a spot-buy entry point for this coin with a breakout at 1.345. This trigger was activated, and currently, we are up by about 50%. For now, I suggest holding your position, and even if your stop-loss is hit, continue staying with it. 📊 Weekly Timeframe We are still within our long-term range box and transitioning from smaller boxes to larger ones. For weekly timeframe buying, the logical and safe trigger is at 2.553, and you can confirm the breakout with an increase in volume. Set your stop-loss below 0.935. For selling, the most logical and prudent exit would be below 0.935. Until then, I will continue to hold this coin and search for new entry triggers. 📈 Daily Timeframe In the previous analysis, we were in the daily box ranging between 0.909 and 1.361. For spot buying, we provided a trigger with a breakout at 1.361. Personally, I purchased at this breakout and am currently holding the coin, being 50% up in profit. At present, this coin, like other coins in our market category, is one of those altcoins trading above its daily range after a breakout. This is a good sign. Moreover, several pullbacks to the 1.361 support level with rapid upward reversals indicate strong buyer presence. We already have a spot-buy trigger, but for those looking for a new one, a risky entry can be made after breaking 2.096, while a safer entry can be made after breaking 2.44, setting your stop-loss at 1.361. ⏱ 4-Hour Timeframe After hitting 1.395 and breaking the 1.68 long trigger, the price moved toward the 2.096 resistance and is currently below this daily resistance. 📈 Long Position Trigger instead of entering a spot buy at 2.096, I would open a futures position with a breakout at this trigger and later use the futures profit to buy spot positions with a breakout above 2.44. 📉 Short Position Trigger currently, I am not searching for short positions in this market. However, if Bitcoin changes its trend, we will revisit and analyze the possibilities together. 📝 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
5
HBAR Analysis and Future OutlookHello, Traders! The HBAR price demonstrated an impressive rally, surging by 850% in just one month, followed by a natural correction phase. After retracing over 35% from its local top, HBAR managed to recover all losses and established a new local high at the $0.4 level, showcasing strong bullish momentum. Current Price Dynamics: It appears that HBAR has already formed its local bottom, and the price is preparing for a potential breakout to higher levels. However, it has now entered a critical resistance zone ranging from $0.4 to its ATH, which currently stands at $0.575. Breaking through this zone will require significant buying pressure, but the token recent performance suggests that the market sentiment remains highly optimistic. Market Sentiment and Hype: With increasing hype and attention around HBAR, driven by its technological advancements and ecosystem developments, there's a high probability of the token achieving a new ATH within the next couple of months. Entry Points and Strategy: For those who missed the previous correction phase, it's advisable to wait for another potential retracement around the $0.3 level, which could provide a solid entry point. From there, setting targets above $0.6 would be a realistic strategy, given the current bullish outlook and market conditions. Key Levels to Watch: - Resistance: $0.4–$0.575 (ATH) - Support: $0.3 (potential retracement) - Target: $0.6 and beyond Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
2
EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Long
by AndrewsMarket-Mastery
1
SOL on the edge ETF Decision & Strategic Reserve News to TriggerTechnical Analysis 1. Descending Channel The price has been consolidating within the descending channel since November, consistently bouncing off the upper and lower boundaries. A breakout above the channel would signify a bullish reversal and a possible surge toward higher resistance levels, such as $220 and $240. 2. Current Momentum The price is near the upper boundary of the channel at $204. A successful breakout accompanied by strong volume would confirm a bullish move. 3. Targets After Breakout Immediate target $220 (previous support turned resistance). Extended target $240-$280, depending on momentum and news impact. News/Event Driven Catalysts: 1. Solana ETF Decision The U.S. SEC decision on a Solana ETF within the next 8 days is a crucial factor. If approved, this would open the doors for institutional investment in Solana, significantly increasing demand and price. Historically, ETF approvals for assets have led to sharp price rallies, often breaking technical resistances. 2. Trump’s Strategic Reserve Plans The announcement that the U.S. President-elect is considering cryptocurrencies like Solana for a national reserve creates a bullish sentiment. If implemented, this could position Solana as a strategic asset in the crypto space, attracting major investors and long-term holders. 3. Market Sentiment: Positive news about an altcoin reserve and Solana’s inclusion could further amplify its status as a leading blockchain in the market, pushing prices higher. Potential Scenarios 1. Bullish Scenario (Breakout) If the SEC approves the Solana ETF and positive sentiment continues, the price is likely to break above the channel. Key levels to watch post-breakout: $220 (immediate resistance), $240, and $280. 2. Bearish Scenario (Rejection) If the ETF is rejected or market sentiment turns negative, the price might face rejection at the upper boundary of the channel. Downside levels to watch: $180 (support within the channel) and $165 (channel bottom). This chart and the accompanying news strongly indicate that Solana is at a pivotal moment. Traders should monitor the channel breakout closely and pay attention to ETF-related news and market reactions. With the potential approval of the ETF and increasing institutional interest, Solana could experience a significant rally, making it a key asset to watch in the short term.
Long
by wolfchemist
DOGE Ready to Soar Breakout Confirmed with Consolidation AboveBreakout Confirmed The price has broken out of the symmetrical triangle pattern on the 4-hour timeframe, indicating a bullish momentum. Higher Time Frame Alignment If higher time frames (like daily or weekly) are also showing bullish signs, it strengthens the breakout's validity and suggests the trend is likely to continue upwards. Consolidation Above Trendline The price is consolidating above the previous resistance (upper trendline), which has now turned into support. This consolidation is a healthy sign of market strength, as it allows buyers to gain control before the next leg up. Next Move A breakout from this consolidation phase would confirm the continuation of the uptrend. Immediate targets are $0.42 and $0.45, with a potential to move toward $0.50 if bullish momentum sustains. Entry Strategy Wait for a bullish breakout from the consolidation with increased volume for a safer entry. Place a stop-loss just below the trendline or consolidation zone. Risk Management Maintain proper risk-reward ratios to account for any potential pullbacks.
Long
by wolfchemist
LINK on the Verge Bullish Breakout Sparks Momentum !Pattern The chart shows a descending wedge pattern. This is generally a bullish pattern, indicating potential price reversal or breakout to the upside. Breakout The price has broken above the upper trendline of the wedge. This breakout is a positive signal, suggesting that bullish momentum is building. Volume Confirmation Check if there’s an increase in volume during the breakout. A breakout with strong volume provides confirmation. Retest After a breakout, it's common for the price to retest the previous resistance (now turned support). Waiting for this retest can provide a safer entry point with reduced risk. Targets First target: The recent swing high near $24.50. Second target: $28.50, where there’s visible resistance. Risk Management Place a stop-loss below the breakout level or the lower trendline of the wedge in case the breakout fails.
BITGET:LINKUSD.PLong
by wolfchemist
6
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries. The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup. Golden Pocket Zone Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision. This zone aligns with Fibonacci retracement levels or historical pivot points. Support Levels A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation. Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge. Short Position Setup Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone. Profit Levels The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support. A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure. Target Levels First target: 107.248, aligning with the Good Trading Zone. Second target: 106.780, which is the bottom of the Trading Zone. Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short. Stop-Loss Placement A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum. Technical Patterns and Indicators Rejection Candlesticks The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure. Trendline Confluence The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown. Momentum Analysis The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control. This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Short
by wolfchemist