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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
7
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 | NIKKEI 225 Market Trends and Key Levels👋 Welcome to the TradeCityPro channel! Today, we’ll analyze the NIKKEI 225, the stock market index for the Tokyo Stock Exchange, identifying key entry and exit points. 🌏 Overview of NIKKEI 225’s Recent Movements Recently, the NIKKEI 225 has experienced volatility due to: Concerns over tech stocks - Yen appreciation. - Possible interest rate hikes by the Bank of Japan , Declines in major stocks like SoftBank and Tokyo Electron have contributed to recent drops. On the other hand, indices like the Hang Seng in Asia have performed better, supported by positive news about stock buybacks, highlighting contrasting trends in regional markets. 🕒 Weekly Timeframe Analysis The primary trend remains bullish but shows weakness due to rejections near the key resistance at 41,185. However, the formation of a higher low indicates weak sellers and supports a longer-term bullish outlook. As long as the price stays above the curve line and critical support at 33,903, the bullish trend remains intact , Breaking 41,185 would confirm a new primary uptrend. 📆 Daily Timeframe Analysis On the daily chart, a rejection from the 40,104 resistance has led the price to consolidate within the range of 37,367 to 40,104. This rejection has formed a Double Top pattern, a bearish structure. Target for this pattern: After breaking 37,367, the price may drop towards 35,152. ⏱ 4-Hour Timeframe Analysis The price is currently in a range box, resting on critical daily support. If this support at 37,747 breaks with selling pressure, a move towards 36,677 is likely. 💥 Short Trigger: Confirmed break below daily support at 37,747 , Alternatively, a rejection from the trendline could also trigger a short position. 📈 Long Trigger: If the price finds support and moves upward, breakouts above the trendline and the trigger level at 38,466 can confirm a long position. 📝 Final Thoughts NIKKEI 225 remains in a pivotal zone, with key supports and resistances guiding potential moves. Ensure proper risk management and monitor price action at critical levels for optimal trade entries. 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! ❤️
SPREADEX:NIKKEI
by tradecitypro
3
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
🌟🔍 Bitcoin's Critical Phase 🚀💹 🔺 Bitcoin's Ascending Triangle in 4-Hour Frame: Bitcoin (BTC) is currently in an ascending triangle pattern in the 4-hour timeframe, which resembles a flag pattern in the daily chart. A breakout could potentially lead to a significant price pump. 📈 BTC Dominance and Altcoin Movement: As Bitcoin’s price rises, so does its dominance, which might limit altcoin movements. But this isn't the whole story. 🔑 Key Resistance at $37,850: In the 4-hour timeframe, BTC is grappling with the significant resistance level of $37,850 and hasn't yet secured a position above it. 🚀 Potential Move to Supply Zone: Upon a successful break and confirmation (not a fake-out), BTC could move towards the supply zone between $40,000 and $41,500. There's a high chance of reaching this zone due to short liquidations and FOMO in the market, followed by a correction after touching this area. 📌 Holding Strategy for Current Bitcoin Holders: For those who already own Bitcoin at good entry points, holding seems like the best current strategy. Personally, my entry points are at $18,000, $21,000, and $25,000, with a stop loss still set at $25,000. 🛑 Caution for Bitcoin Buyers: It's advisable not to rush into buying Bitcoin. Even if Bitcoin hits $180,000, it would represent a 300% gain, and the crypto market has the potential to offer much more. 📊 Futures Trading Approach: For futures, it might be wise to wait for Bitcoin to complete its movement and enter a ranging phase, and for BTC dominance to decrease or stabilize. This would be a more favorable time to open positions on altcoins. 🔑 Related Categories: Chart Patterns Bitcoin Analysis Market Strategy 📣 : What’s your Bitcoin strategy at this juncture? Let’s discuss in the comments! 💬🌐 #BitcoinTrend #CryptoStrategy #TradeCityPro 📚 Remember: Cryptocurrency investment is high-risk. Stay informed and invest wisely! 🧠💼
by tradecitypro
28
🌟🔍GALA's Remarkable Recovery 🚀💡 💹 GALA's Impressive Price Increase: Since the 98% drop from 2021, GALA has remarkably rebounded, gaining nearly 120% from its support at $0.01271. 🤝 Team Issues and Strong Comeback: After some internal issues among the GALA team, including disagreements between the CEO and founders/co-founders, the coin has made a notable comeback. 🔒 Current Resistance Challenge: GALA is currently facing a significant resistance at $0.02816. 📊 Rising Wedge in Daily Timeframe: The coin is in a rising wedge pattern, which is typically risky for continuation. If this pattern breaks down, there's a potential for a 33% drop to $0.01742, though this scenario seems less likely. 👀 Watching Bitcoin's Move: The next steps depend on Bitcoin’s reaction to its support at $36,358. A break below this level could lead to a decline to $32,800. 📉 Potential Impact on GALA: If Bitcoin loses its support, GALA may break its wedge pattern and experience a sharp decline. 🚀 Bullish Scenario for GALA: If Bitcoin holds its support and moves towards its high, and simultaneously Bitcoin dominance fluctuates or drops, GALA could be one of the best coins to buy. 🛒 Buying Strategy: Consider buying GALA after it breaks the $0.02816 resistance, especially for long-term holdings. Don't use a tight stop loss for long-term trades. For a safer entry, consider entering after it surpasses $0.03135. 👁️ Volume Importance: Pay attention to the volume to confirm the trend. 🔑 Related Categories: Pattern Analysis Resistance and Support Volume Analysis 📣 What’s your take on GALA's future? Share your insights! 🌐💬 #GALAToken #CryptoInsights #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile. Always conduct thorough research before investing! 📈🔎
Long
by tradecitypro
21
Gold's Impressive Rally 🚀💰 ✅ Strong Start for Gold: Today's daily candle for gold has opened with strength, successfully breaching the significant resistance level of $2006. 📈 Potential for Historic Highs: If gold manages to settle above this level today, the likelihood of it reaching its all-time high increases significantly. 🎉 Excitement Over Fourth Peak Attempt: Gold approaching its historical peak for the fourth time could bring substantial excitement. The market giants are closely watching this development. 🔑 Related Categories: Trend Analysis Support and Resistance Historical Analysis 📣 : What do you think about gold's current momentum? Will it break new records? 💬✨ #GoldRush #MarketAnalysis #TradeCityPro 📚 Remember: Investing in markets requires careful analysis and consideration. Stay informed and make wise decisions! 🌍💡
FOREXCOM:XAUUSDLong
by tradecitypro
4