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TradeCityPro | INJ: Navigating the Waves of the DeFi Landscape👋 Welcome to TradeCityPro! In this analysis, I'm going to review the coin INJ, which belongs to the Injective project, one of the intriguing networks in the DeFi sector. This coin has seen significant growth in recent years. 📅 Weekly Timeframe: Reaccumulation Box? In the weekly timeframe, we observe a very strong and powerful upward trend full of bullish momentum that started from 1.2, even breaking the ATH to establish a new ceiling at 41.81. 🔍 Currently, after reaching 41.81, the price has pulled back to the support at 16.18 and formed a box between these two areas. The support at 16.18 overlaps with the 0.236 Fibonacci area, and we can also see an ascending trend line that coincides with this level, forming a PRZ that has so far supported the price. 🚀 If the resistance at 41.81 is broken, we can say that the long-term range box was a Reaccumulation phase, and the price could move towards targets of 135 and 494. However, it's important to note that this coin's market cap is currently $2.15 billion, and reaching a target of $494 would require it to enter the top ten coins by market cap, which might be challenging. 🔽 In case of further price corrections, there are solid supports available. If 16.18 breaks, the next Fibonacci support at 0.382 is around $10, and another substantial support is at $5.8. 🧩 Additionally, the RSI is boxed between 38.77 and 63.27, and breaking either boundary could significantly influence market momentum in that direction. 📅 Daily Timeframe: More Details In the daily timeframe, we can see more details of the range box formed. ✨ The price is currently near the weekly trend line and has reacted to this area in this timeframe as well. The first resistance is at 26.75, and breaking this area could be a trigger for entering a long position or buying in spot. A break of 58.26 in the RSI would be a good confirmation. 🛒 The next buying trigger is at 34.76, which is more secure, and simultaneously breaking significant resistances in the TOTAL could drive the price towards higher targets. ⚡️ The most important resistance is at 45.32, and I suggest maintaining a long position before the price reaches this area as there is a high chance of a euphoric break. However, this area is a strong supply zone and could potentially push the price back down to the range box's floor. 📉 For short positions, we should first wait for the trend line to break. In this case, the first trigger is a break at 19.44, and the main trigger is breaking the support at 16.04. 📊 Regarding volume, I cannot provide much insight as both the market and volume are ranging, and specific data cannot be derived. However, it's evident that if volume increases in any direction, market momentum will likely follow. ⏳ 4-Hour Timeframe: Futures Triggers Let's dive into the short-term triggers suitable for futures trading. 🎲 Given that the market has been range-bound in the weekly timeframe for a prolonged period, it has lost momentum. In this timeframe as well, the price remains confined within a range box. 📈 Long Position: You can enter a long position if the price breaks above 25.43. The target for this position would be 34.76. This is a solid trigger and, if aligned with Bitcoin's movements, could introduce bullish momentum into the market. 🔽 Short Position: For shorting, the only current trigger is at 18.82.The RSI oscillator and the SMA indicator cannot be relied upon for confirmation in this scenario, as the market lacks any trend or momentum. 🧲 As mentioned, the trading volume remains range-bound. Upon breaking any trigger level, the volume should increase in the direction of the 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! ❤️
Long
by tradecitypro
4
TradeCityPro | LTCUSDT Potential Approval of ETFs👋 Welcome to TradeCityPro Channel! Let’s delve into the analysis of LTC, one of the oldest coins in the market. Recently, there have been rumors about its potential inclusion in ETFs, which could attract a good amount of capital and lead to promising movements in the future. 🌐 Overview Bitcoin Before starting today’s altcoin analysis, let’s look at Bitcoin on the 1-hour timeframe. Since yesterday, Bitcoin experienced a correction, which was necessary for the market, and it pulled back to the 102135 range. The next trigger for a long position will be a breakout above 104714. Yesterday’s correction, coupled with an increase in Bitcoin dominance, caused noticeable declines in some altcoins. This highlights the importance of monitoring BTC pairs in your checklist these days. 📊 Weekly Timeframe In the weekly timeframe, Litecoin’s chart reminds me of forex charts because it’s one of the oldest coins that has survived and spent a significant amount of time in a ranging market. As a reminder, don’t develop emotional attachments to your coins. Don’t assume that any coin is guaranteed to rise. We are here to trade and improve our lives through trading. The chart is what matters. Many coins that were in the top 10 during previous bull runs no longer exist, and Litecoin remains due to its role as a payment coin. If you entered at the 75.91 breakout trigger, I suggest holding your position for now. It seems like the news of ETF approval is being priced in, but be aware of the risk and continue holding. Breaking the 135.55 trigger will be challenging. For a new buy entry, the current trigger is the 135.55 breakout. Until the price drops below 47.19, holding is a viable option. Personally, I wouldn’t buy into it, as even the founders of this project seem to have abandoned it. 📈 Daily Timeframe In the daily timeframe, Litecoin shows an upward trend. After breaking the 74.72 resistance (the top of its daily box), it moved far from it without even a pullback, indicating its relative strength compared to other altcoins. Following the 74.72 breakout, the price reached the critical weekly resistance of 136.97 and then corrected to 97.91. Drawing a Fibonacci retracement reveals that the 97.91 support aligns with the 0.382 Fibonacci level. A breakout from this level could spark a sharp new upward movement. Currently, the price is below the critical 136.97 resistance. Buying after a breakout here would be logical and worth the stop-loss risk. Given the recent strong volume, a breakout above 136.97 with a stop-loss at 97.91 is a reasonable entry strategy. In case of a drop, the price could pull back to the 116.76 level initially and potentially further to 97.91. However, momentum would likely weaken at this point. If 97.91 breaks, deeper corrections could occur, targeting 83.53 and 74.22, though a drop below 97.91 seems unlikely for now. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after a false breakout below the 97.91 support, Litecoin began a sharp upward movement, shifting its cyclical trend in this timeframe. 📈 Long Position Trigger I plan to open a futures position after a breakout above 137.99 or earlier if I observe strong momentum. I’ve partially locked in profits from my entry at 104.95. 📉 Short Position Trigger I won’t consider it as long as the price stays above 115.42 unless the price forms lower highs and lows. Even then, I’d focus on coins still in their daily range boxes rather than those with an upward trend like this one. 📝 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
TradeCityPro | MNT: Layer 2 Project's Market Movements👋 Welcome to TradeCityPro! In this analysis, I will review the coin MNT, a layer 2 project that has experienced significant growth in recent months. 📅 Weekly Timeframe: Engaged with ATH Ceiling In the weekly timeframe, as you can see, there is limited data, and since the inception of this coin, it has created a significant ceiling at 1.4264, which it has touched twice and is currently being rejected from again. 🧩 The main supports are at 0.5450 and 0.3278. The SMA25 also acts as dynamic support. Due to limited data in this timeframe, it's better to move to the daily timeframe for a more detailed chart analysis. 📅 Daily Timeframe: Beginning of the Next Correction Wave In the daily timeframe, we observe a strong upward trend starting from a low of 0.5450, reaching up to 1.3997, and forming a range box between 1.0861 and 1.3997. 🔽 Currently, the price is breaking the floor at 1.0861. This area is critical as the price has historically reacted to it, and it coincides with the 0.382 Fibonacci level. If this floor breaks, the price could move towards the 0.618 and 0.786 Fibonacci levels. ✨ The RSI oscillator, with its break below 50, has activated a negative divergence in the market, and with the increasing volume of sales, the likelihood of starting the next correction wave is high. 🛒 If the price returns above 1.0861, the trigger at 1.3997 will be suitable for buying in spot. Otherwise, you should watch for the price reaction to upcoming supports. ⏳ 4-Hour Timeframe: Futures Triggers In the four-hour timeframe, I will only examine futures triggers. 🔼 For long positions, the first trigger is 1.1478, which has shown to be a strong level as the price has already pulled back to it once, highlighting its importance. If this area and 54.85 are broken, more bullish momentum will enter the market, potentially moving the price towards the main resistance at 1.3997. 📉 For short positions, the first trigger is 1.0311, which the price has already reacted to. If the price consolidates below this area, we can expect it to reach 0.8718. Additional triggers might include Dow Theory and breaking lower lows for further positions. 📝 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 | 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
6
TradeCityPro | OKB: Uptrend in HWC with Fresh Bullish Momentum👋 Welcome to TradeCityPro! In this analysis, I want to examine the coin OKB, the official cryptocurrency of the OKX exchange, one of the world's largest exchanges. Currently, with $4 billion in daily spot trading volume and $34 billion in futures, it ranks fourth among crypto exchanges globally. 📅 Weekly Timeframe: Long-Term Ascending Structure In the weekly timeframe, we are witnessing a long-term uptrend in a High Wave Cycle (HWC), which has been evident since the coin's launch, moving within an ascending channel. Initially, the price moved to a resistance at $33.45, and after breaking this level, it created a new high at $67.87 and has pulled back to $33.45 once. 🔍 Currently, the price is in a range between $33.45 and $67.87. After reaching $33.45, this area aligned with the channel's lower trend line, and considering the proximity to the 0.382 Fibonacci level, it formed a very strong Potential Reversal Zone (PRZ), propelling the price upward again. The price is now moving towards $67.87, a strong supply area and the coin's all-time high (ATH) resistance. 🚀 If this area is broken, the price could potentially move towards $110 and $230, targets based on Fibonacci levels. With a market cap of $3.5 billion, if this project enters the top 20 and pushes its market cap above $10 billion, these targets could be easily reached. Entry into overbuy conditions on the RSI could assist in reaching these targets. 🔽 If the price corrects further and breaks below $33.45, the next areas would be the 0.618 and 0.786 Fibonacci levels. However, if $33.45 is broken, it could introduce a strong bearish momentum into the market, possibly turning the HWC into a bearish trend. 📅 Daily Timeframe: Reintroduction of Bullish Momentum In the daily timeframe, we are observing a momentum shift starting from the price reaction at $33.45. After breaking $43.33, more volume and momentum entered the market, and the price has since pulled back to the SMA99 twice. 👀 Today’s candle is a large green one, approximately 20% in size, reaching up to resistance at $62.01. If the RSI enters overbuy conditions and $62.01 is broken, the price could move towards $72.68. If this resistance is also broken, as mentioned, the price could register new ATHs. In addition to the targets outlined in the weekly timeframe, the middle line of the ascending channel could serve as a new target. 🧩 For now, I see no signs of a trend reversal and suggest if you hold this coin and are in profit, keep it as long as the price stays above the channel's lower line. A break below 50 on the RSI could increase the likelihood of this scenario unfolding. ⏳ 4-Hour Timeframe: Futures Triggers I've discussed various scenarios in higher timeframes, and in this timeframe, I want to outline just the futures triggers. 🔼 For long positions, first, I must note that since the RSI is in overbuy territory, I personally prefer not to open a long position and wait until this oscillator returns to a normal range. Then, wait for the price to stabilize above $60.67 before opening your position, with a potential target of $72.68. 🔽 For short positions, I recommend not opening a short on this coin due to the clearly bullish trend seen in the weekly and daily timeframes. If you insist on shorting, breaking supports at $51.30 and $45.21 could serve as triggers, but as mentioned, I will not be joining you in this as it goes against the main market trend. 📝 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
5
TradeCityPro | AIUSDT Attempting to Break the Daily Box👋 Welcome to TradeCityPro Channel! Let’s analyze one of the coins in the AI and big data category to stay prepared if the AI hype resurfaces. 🌐 Overview Bitcoin As usual, before analyzing our altcoin, we’ll first take a look at Bitcoin on the 1-hour timeframe. The 99.485 trigger was broken but quickly dropped back below, with a sharp pullback to 97.434, which could be considered a fake breakout. If this movement is treated as a fake breakout, switching to the 15-minute timeframe shows that the fake breakout trigger is 100.117. Once this level is broken, you can re-enter, and if you missed the position, it provides a new trigger point. 📊 Weekly Timeframe AIUSDT is a newly listed coin with limited data, so technical analysis options are somewhat restricted. This coin has broken out of its 100-day box between 0.3306 and 0.5059 but faced rejection at the significant resistance of 0.8228, pulling back to the 0.5059 zone. It’s worth noting that while many coins have re-entered their previously broken boxes, this coin is holding a higher level, which is a positive sign. If you’re holding this coin, it’s recommended to sell below 0.3306 and exit. For re-entry, wait for a confirmed breakout above 0.8228, with a reliable stop-loss at 0.3306 (or a riskier one at 0.5059). 📈 Daily Timeframe After breaking the 0.5375 resistance—our significant daily box ceiling—AIUSDT moved to 0.8228 but was rejected and entered its broader range. Examining the fake breakouts around the 0.3448 support shows that the second fake breakout led to a trend reversal. Fake breakouts often initiate new trends. Currently, the 0.8228 resistance level, previously a support, has become a key resistance. During this upward trend, volume has been increasing, while the rejection and pullback saw decreasing volume, confirming the upward movement. New entries make sense after breaking 0.8228, but require increased volume and momentum. Place a stop-loss at 0.5375 , Targets are 1.2873 and 2.0136. 📝 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
TradeCityPro | RENDER: Navigating the AI and RWA Space👋 Welcome to TradeCityPro! In this analysis, I will be examining the RENDER coin, a project involved in Artificial Intelligence and Real-World Assets (RWA). 📅 Daily Timeframe: Descending Triangle In the daily timeframe, after breaking the resistance at 6.75 and reaching up to 11.243, we observe a descending triangle forming between these two areas. The price has touched the support at 6.75 multiple times. 🔍 Additionally, the 6.75 area is also significant in terms of Fibonacci levels, lying between the 0.5 and 0.618 zones. The SMA99 is also reaching the candles in this area, turning it into a very strong Potential Reversal Zone (PRZ). 📊 Market volume within the triangle is gradually decreasing, and now that the price has entered the final third of the triangle, the sensitivity in each candle is increasing. If the triangle breaks in any direction, the volume should also increase; otherwise, the likelihood of a false breakout will rise. 🔽 If the price breaks down and passes below 6.75, the next major support will be at 4.18. A breakdown of the 36.45 level in the RSI would support a bearish scenario. 🧩 For long positions, we first need to wait for the descending trendline of the triangle to break. You can then open a position upon the breakout of this trendline trigger. The main trigger will be at 11.243. However, the range from 11.243 to 13.267 is very strong and, being at the ATH, turns into a significant supply 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! ❤️
Long
by tradecitypro
11
TradeCityPro | XVSUSDT Possibility of a Long-Term Move Starting 👋 Welcome to TradeCityPro Channel! Let’s analyze XVS, one of my favorite coins in the crypto and DeFi space, which operates in the LEND & Borrow sector on the BNB network, as we may work with it more extensively in the future. 🌐 Overview Bitcoin Before analyzing today's altcoin, let’s start by reviewing Bitcoin on the 1-hour timeframe Yesterday, I mentioned opening a long position with Bitcoin’s break of 97343 and even suggested using a stop-buy order. Today, following the news announcement, this resistance was broken aggressively, showing strong whale activity. With this breakout, Bitcoin dominance has begun to drop, so it would have been more logical to place stop-buy orders on altcoins. If you haven’t done so yet, don’t worry! You can wait for the next confirmation by Bitcoin breaking 99485 to take action on your altcoins. 📊 Weekly Timeframe In the weekly timeframe, XVS remains in a large range and has been moving slowly. Recently, after faking a breakout above the range, it did not return to its bottom. In 2024, we haven’t revisited the 3.51 support level. Instead, we formed a higher low at 5.33, suggesting a potential shift. For re-entry, you could consider buying above 12.94. Personally, I entered at the 5.33 breakout in late 2023 and will not make any new purchases at the moment. My stop-loss remains below 3.51. 📈 Daily Timeframe On the daily timeframe, after breaking 8.21 and exiting the daily range, XVS moved toward the 11.83 resistance, where it faced heavy rejection. After that, lower highs were formed, leading to a descending triangle pattern with equal lows. If the descending trendline breaks, we might see the uptrend resume with confirmation from momentum and volume. Otherwise, a break below the triangle’s base at 8.21 could lead to a correction toward 6.09, though this is less likely. Risky Entry: You could buy now with the current daily candle, but ensure your stop-loss is below 6.09 , Safe Entry: Wait for a confirmed breakout above 11.83, aiming for a target of 17.58. ⏱ 4-Hour Timeframe Finally, in the 4-hour timeframe, after briefly wicking to the 7.73 support, XVS has bounced back into its range and is nearing the 9.47 resistance. 📈 Long Position Trigger wait for 9.47 to break with clear momentum and volume or wait for the formation of higher highs and higher lows. 📉 Short Position Trigger monitor for signs of rejection. If 9.47 turns into a fake-out, a short position below 8.52 could be considered. 📝 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
27
TradeCityPro | NOT: Riding the Telegram Crypto Wave👋 Welcome to TradeCityPro! In this analysis, I want to discuss the NOT coin, a project in the Telegram space part of the Tap To Earn category that gave its airdrop to users a few months ago. Following its launch, it experienced significant growth due to the hype it created. 📅 Daily Timeframe: Hidden Trendline After the token launch and price pump reaching a resistance at 0.022602, the market entered a bearish phase. The price has been declining along a downward trendline, breaking down to 0.005699 after dropping past 0.010029. 🔍 Currently, the price is ranging in a box between 0.005699 and 0.010029, where the downward trendline is also defining the price floors, and the price is reacting to it. 📊 The market volume has significantly decreased since reaching the ATH, but during the bullish legs from the box's floor to its ceiling, the volume was higher, suggesting that the bullish momentum in the market might be stronger than the bearish. 📈 The first price trigger for buying is breaking the resistance at 0.006862, which is considered a risky trigger. If you are a risk-taker, you might consider opening a long position at this trigger. The main trigger for a long position will be at 0.010029. 🔽 For short positions, the most crucial support is at 0.005699, with the next area being 0.004733, which is the fundamental floor for the price. However, in my opinion, the support at 0.005699 will be more critical for the price. ✨ The RSI oscillator has clearly defined its triggers for shorts and longs. Breaking 50 on the RSI is a good confirmation for going long, and breaking 30 is suitable for shorts. 📝 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
9
TradeCityPro | FILUSDT Money Stuck in the Weekly Range Box👋 Welcome to TradeCityPro Channel! Let’s analyze another altcoin of the week amidst a market day where interest rate decisions weakened the dollar and strengthened crypto. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, we begin by looking at Bitcoin. On the 1-hour timeframe, Bitcoin has bounced off the $90,655 support and is currently sitting below the $97,343 resistance. After breaking this resistance, there’s potential for new positions. To decide whether to open a long position on Bitcoin or altcoins, we examine Bitcoin dominance. Currently, while Bitcoin is green, dominance is red. However, when the $97,434 trigger is broken, check Bitcoin dominance; if it remains bearish, Bitcoin’s movement can act as confirmation for long positions on your altcoins. 📊 Weekly Timeframe On the weekly timeframe, FIL is clearly stuck in a range, fluctuating within a box for about 900 days over two years. We’ve repeatedly discussed the importance of avoiding purchases within range boxes and instead buying with momentum. While buying at the bottom of the box might offer numerically better entries, how does the risk of capital dormancy in this immature market compare? Remember, in a market like this, coins you hold could face extreme risks, as we saw with LUNA. For exiting this coin, patience is key. If it breaks below $3.214, consider liquidating your holdings and exiting , For re-entry, the primary and ideal trigger is a breakout above $10.163. After such a major accumulation phase, breaking out of the range box can signal a significant upward movement. Look for increased volume and RSI entry as confirmations. 📈 Daily Timeframe In the daily timeframe, after exiting our accumulation zone and breaking $4.791, FIL initiated an upward trend that reached $8.082. This highlights the importance of buying with momentum, such as the “break the box” candle marked on the chart. Currently, the price has returned to $4.791, a significant support level that was previously the box's ceiling and resistance but has now turned into strong support. It also aligns with the 0.618 Fibonacci level, further emphasizing its importance. For future purchases in the daily timeframe, the best triggers are $8.082 and $11.559, in that order. A riskier trigger would be the $6.199 breakout, but this carries higher uncertainty. For exits, activating your stop-loss below $3.214 is more logical for now. After breaking $4.791, I might consider opening a futures position. ⏱ 4-Hour Timeframe On the 4-hour timeframe, it seems FIL has faked out the $4.803 support and is forming a V-pattern. This pattern will activate upon breaking $5.217. 📈 Long Position Trigger i would personally take the risk and open one after breaking $5.217, staying aligned with the move. 📉 Short Position Trigger I currently have no plans. However, if FIL gets rejected from this resistance and moves downward again with momentum and volume, I might consider a short position after breaking $4.803. 📝 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
10
TradeCityPro | ALGO Unraveling Trends and Forecasting the Next👋 Welcome to TradeCity Pro! In this analysis, I want to examine the ALGO coin for you. Algorand blockchain is one of the layer 1 networks. 📅 Daily Timeframe: Correction and Rest After 375% Growth In the daily timeframe, we have seen a significant price increase from $0.1085 to $0.5138. After bottoming out at $0.1085, coinciding with the breakout of Bitcoin's ATH, it started its movement and after breaking $0.1602, it began its main movement and reached the resistance at $0.5138. 📈 During this movement, due to high momentum and very high buying volume, it easily broke through the very important resistance at $0.3220. Now, after reaching $0.5138, we have entered a market correction phase. 🔍 Currently, after exiting Overbuy, its momentum has decreased and it has corrected to the 0.382 Fibonacci level, which overlaps with $0.3220. It has hit this area several times and each time it has managed to stay above this area, and this support has not yet been broken. 🔽 If $0.3220 breaks, the next areas are the 0.5, 0.618, and 0.786 Fibonacci levels, which we will see how the price reacts to. After these areas, the next supports are $0.1602 and the last support at $0.1085. A break of 41.63 in the RSI increases the likelihood of a correction occurring. 📊 If the resistance at $0.5138 is broken, the next resistance will be $0.7414. Entry of buying volume and a break of 70 in the RSI can help break $0.7414. 📝 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 | VET: Decoding Trends & Revealing Hidden Potential👋 Welcome to TradeCity Pro! In this analysis, I will review the VET coin for you. This coin belongs to the VeChain project, one of the well-known crypto projects. 📅 Daily Timeframe: Entering the Golden Zone In the daily timeframe, we are witnessing an upward leg that, after reaching the resistance at $0.07756, has entered a correction phase and is currently moving into the Fibonacci golden zone between 0.5 and 0.618. 🔍 Previously, it seemed that price bottoming at the area of $0.04361, which coincides with the 0.5 Fibonacci level, would occur, but in today's candle, the price is moving towards the 0.618 area and has broken the 0.5 level. ✨ Additionally, the 99-day SMA is reaching the candles, and this area is also an important support zone, so the price might create an Accumulation Zone within this box. If so, the health of the upward trend is preserved, and the price can more easily prepare itself for the next leg. 🔽 If further correction occurs and this PRZ breaks, the next price support area is $0.03294, which nearly aligns with the 0.786 Fibonacci and will be the next support area for the price. Given the break of 41.96 in the RSI, if this oscillator stabilizes below this area, the likelihood of this scenario occurring increases. 🧩 The main trigger currently for a long position is the break of $0.05284, which you can enter upon in both spot and futures as you open your position on this coin. The next trigger is $0.07756, a significant resistance and supply area, and the subsequent resistance will be at $0.09855. 📉For short positions, the best trigger currently in this timeframe is the break of the Fibonacci zone. However, by moving to lower timeframes, you can find more triggers. 📝 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! ❤️
by tradecitypro
7
TradeCityPro | OPUSDT Starting the Week with a Drop?👋 Welcome to TradeCityPro Channel! Let's prepare our charts during the last hours of the weekend. It’s possible we might see some movement in the coming week, which could likely be bearish. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting our analysis, let’s check Bitcoin on the 1-hour timeframe. Even during this holiday, Bitcoin is still just ranging with no significant events, which makes sense as a new structure is needed. I have a feeling that the upcoming week might be red. However, I suspect this short-term bearish wave will turn out to be a fakeout, leading to a reversal back upwards. This is just one scenario, though. Personally, I might open a long position after breaking the $95,323 level, depending on Bitcoin's dominance conditions. 🕵️‍♂️ Previous Analysis In our previous OP analysis, we highlighted our spot trigger, which was after breaking $2.688. However, it was never activated. This, along with the engulfing candle, caused us to stay in the range box, fluctuating within the same zone. 📊 Weekly Timeframe In the weekly timeframe, there isn’t much need for further analysis, as our previous one still holds. However, the weekly candle closing tonight might indicate a continuation of the rejection trend and a move toward the $1.338 support. The decline in volume clearly shows that no one is trading in this market at the moment. 📈 Daily Timeframe In the daily timeframe, we’re also in a daily range box. Currently, after being rejected at $2.681 and triggering the double top with the $2.161 support break, we moved a distance equivalent to a 1:1 risk-to-reward ratio for the double top pattern. Right now, after a heavy rejection at $2.161—which was somewhat a pullback—we are at the $1.749 support. Previously, this level was the daily range box resistance, but it has now shifted and turned into support. Regarding this shift in support and resistance, let me explain a chart detail. Look at the area labeled as "old support" on the chart. This was our previous resistance, but now it has shifted to $2.681, our new resistance. This is because the future (or the right side of the chart) shows two rejections from this area, making it more significant for us. Meanwhile, the $1.749 support aligns with the 0.618 Fibonacci level when measured from the start of the wave, which holds significant importance in Fibonacci analysis. After breaking this level, we could see a move down to the $1.335 support. If you’re holding this coin, it’s recommended to cash out temporarily below $1.335 and look for reentry points in the future. After breaking $1.749, a short position could also be opened. 📝 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! ❤️
by tradecitypro
9
TradeCityPro | RUNE: Navigating Key Levels and Momentum Insights👋 Welcome to TradeCity Pro! In this analysis, I want to examine the RUNE coin for you. This coin is the official project token of Thorchain and is active in the DeFi and Cosmos ecosystem. 📅 Weekly Timeframe: Hidden Trendline In the weekly timeframe, we observe a hidden trendline that has formed from the ATH, and now, during its bullish trend corrections, the price is reacting to this trendline. 🔍 After the price reached a low of $0.817, as you can see, the buying volume significantly increased, and the price moved up to the area of $7.391, forming a range box between this area and $3.028. The ceiling at $7.391 had a fake breakout once, and in recent weeks, the price has been rejected from the $7.391 ceiling again. ✨ Currently, the price has touched the support at $3.028 again. If this area breaks, a double top could be activated with a target of $1.269. If the RSI breaks below 35.82, the likelihood of this scenario will increase. 🔽 If there is further correction and the $3.028 support breaks, the first important area would be the hidden trendline, and the next areas in order would be $2.037, $1.269, and $1.817. There are other areas in between, but these are the strongest levels on this chart. 🛒 For buying in spot or long-term long positions, the first trigger is breaking $7.391, which seems like a very suitable trigger. If this area is broken, the price could potentially move at least to its ATH, which is $19.816. If the ATH is broken, I will update the analysis to find the next targets. 📝 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! ❤️
by tradecitypro
11
TradeCityPro | XRP : Positive News & complement Analysis👋 Welcome to TradeCity Pro! In this analysis, I want to examine the XRP coin for you. This coin is one of the oldest in the crypto world, and the most complete chart I could find was from Bitstamp. I intend to analyze this coin comprehensively across different timeframes. 📅 Weekly Timeframe: Reaching ATH After Years In the weekly timeframe, we are observing several large and powerful weekly candles that started from the support level at $0.48111, which also coincided with the trendline bottom. This movement continued up to $2.71639, resulting in growth of more than 450%. 🔍 Previously, the price was in a range from $0.48111 to $0.73056, which was broken after nearly 18 months. After breaking through the top of the box and with an influx of buying volume and the RSI moving into overbuy territory, it even surpassed the previous bull run's peak at $1.5761 and reached the main ATH at $2.71639. 📰 This coin was one of the few that did not reach its ATH in the last bull run, mainly due to the lawsuits it faced in the United States. Despite numerous legal cases and being surrounded by negative news, this project managed to survive. In recent months, the court rulings have started to favor XRP, and it is expected that the final verdict will be issued in July 2025. From the documents available, it seems that the case will likely end in favor of XRP. ✨ Another piece of news that benefited this project and definitely influenced this pump was the unveiling and launch of the stablecoin RLUSD, which also helped to bring in volume and bullish momentum to the market and has reached a market cap of $50 million so far. 🔼 If this news continues, the price might break the resistance at $2.71639 and establish new ATHs. However, it's also possible that the price might range until July as market participants wait for both a new price structure to develop and the final legal resolution. 📊 If the resistance at $2.71639 is broken without any correction, it is currently impossible to set a target for a new ATH based on Fibonacci, but if the price creates some structure and corrects a bit, both the health of the trend would be confirmed and the next targets could be determined. 🥸 To find the next corrective areas, it would be better to go to the daily timeframe to see more details. 📅 Daily Timeframe: Beginning of Rest After the Uptrend In this timeframe, we can draw Fibonacci retracement. As you can see, the price is ranging between $2.03599 and $2.71639, mainly giving a time correction without much price retracement compared to the trend it had. 🔽 If a price correction starts, the first area would be the 0.236 Fibonacci level, still considered a shallow correction. The main correction zones would be 0.382, 0.5, and 0.618 Fibonacci levels. The pre-existing support on our chart at $1.26887 lies between the 0.382 and 0.5 Fibonacci zones, which strengthens this area. 🔑 The RSI has exited the overbought area, and re-entering this zone could trigger another price jump. Conversely, breaking below 50 in the RSI increases the likelihood of a correction scenario. As long as the price remains above $0.73056, the trend isn’t considered finished, but if trend reversal is confirmed using Dow Theory in higher zones, we might swiftly shift our market outlook. 🚀 To establish higher targets, as mentioned, we must wait for the $2.71639 ceiling to break to determine the main correction zone and use the Fibonacci extension tool. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, I want to specify the futures triggers for you. 📈 For long positions, a trigger at $2.48971 seems appropriate given the overall market trend, and upon breaking this area, the first price target could be $2.77913. The main trigger would be breaking the ATH, where breaking $2.77913 could potentially lead to a new ATH. 🔽 For short positions, the first trigger at $2.26574 is very risky given the bullish trend, so be mindful of risk management. I personally prefer not to short a coin with such significant upward momentum, but if you decide to short, the next area for shorting would be below $2.01756. 📝 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! ❤️
BITSTAMP:XRPUSDLong
by tradecitypro
38
TradeCityPro | NEARUSDT Calm before the storm👋 Welcome to TradeCityPro Channel! Let's go to a day when financial markets are closed and update one of our previously analyzed altcoins, NEAR, and find new triggers together. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin Before starting our analysis, as always, let’s check Bitcoin in the 1-hour timeframe, where the candles have become significantly smaller, the range of our fluctuations has narrowed, and the 1-hour candles now show 0.2% fluctuations. This observation, along with our hourly volume, indicates that there is practically no movement, and no one is deciding to trade. For now, it’s better not to make any decisions and just observe the market from a distance. However, this doesn’t mean abandoning the market entirely and coming back to the chart only after the market moves. 🕵️‍♂️ Previous Analysis In our previous analysis uploaded to the channel last month in the weekly timeframe, it can be said that almost nothing has happened. Our spot entry triggers were not activated, and we were simply rejected from the $8.289 resistance, fluctuating within the $3.73 to $8.28 range. 📊 Weekly Timeframe In the weekly timeframe, as we said, nothing special has happened to our chart. Currently, we are simply ranging within the weekly box, and breaking the support or resistance of this box can result in a sharp move. This week's weekly candle has one day left to close, and if it stays like this, it will engulf the previous two candles, suggesting that we are moving towards the $3.73 support. 📈 Daily Timeframe In the daily timeframe, we are also in a smaller box than our main box, ranging between $4.88 and $6.05, where it might range for a while. On the other hand, the $6.057 resistance can be considered a risky but promising trigger for spot buying, considering that the resistance at the top of the box, or $8.289, is likely to be broken sharply and whale-like. For exiting this coin, I currently suggest doing so below $3.544. Personally, after breaking $4.883, I prefer to open futures positions rather than sell my spot coins. If you pay attention to the $4.883 support, it is the 0.618 Fibonacci level, which is highly significant for our trend. If we rise from this level and break the $6.057 resistance, we can start a good upward move. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after being rejected from the $6.058 resistance and printing a red candle, we moved back towards the $4.914 support. Currently, it can be said that we are stuck in a box ranging between $4.914 and $5.156. 📉 Short Position Trigger our trigger is entirely clear, and after breaking $4.914, we can open a short position, targeting $4.5 and $4.05. 📈 Long Position Trigger however, currently, both the volume is very low, and the chart has a very bearish vibe. But if we continue ranging in this short-term box and the sellers lose strength, staying here for a long time, or faking the $4.914 support, after breaking $5.156, we can open a long position—but with a small stop loss and quick profit-taking. 📝 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! ❤️
by tradecitypro
14
TradeCityPro | ATOMUSDT NFP Report Explanation👋 Welcome to TradeCityPro Channel! Today, as the NFP news comes out, I want to provide an explanation about this report and analyze today’s altcoin, which I frequently use for futures positions. The U.S. Non-Farm Payroll (NFP) report was released today, Friday, January 10, 2025. According to this report, 256,000 jobs were created in December, exceeding the forecast of 164,000. The unemployment rate also dropped from 4.2% to 4.1%. This strong data indicates a continued improvement in the U.S. job market and may push the Federal Reserve to continue its tight monetary policies. As a result, the U.S. dollar strengthened, and interest in high-risk assets like cryptocurrencies decreased. After the release of this report, the cryptocurrency market reacted , Bitcoin initially rose to $95,827 but then dropped back to $95,760. 🌐 Overview Bitcoin Before starting today’s analysis, let’s look at Bitcoin in the 1-hour timeframe. It has been almost lifeless since last night, with very small and weak upward candles. With the announcement of the news, it experienced a volatile candle within a small range. Currently, it is below the $95,753 trigger level. With this event, Bitcoin dominance continues to move weakly upward. If this continues and the market declines, altcoins will experience sharper declines. However, if Bitcoin rises, it is better to open a long position on Bitcoin or an altcoin paired positively with Bitcoin. 📊 Weekly Timeframe In the weekly timeframe, this coin rebounded from the $3.789 support with an engulfing candle and made a relatively good upward move, reaching the $10.149 resistance. This led to a rejection from entering the overbought zone. Like most altcoins, no significant movement has occurred, and it has been range-bound within its box for a long time. The topic of stagnant funds is also relevant here. For re-entry in spot trading, you can buy after breaking $10.149, and if you miss that, after breaking $15.738. If you are holding this coin, the logical exit point in the weekly timeframe remains below $3.789. 📈 Daily Timeframe In the daily timeframe, it has performed better than other altcoins. After breaking the $4.923 resistance, which was the top of its daily range, it made a good move up to $10. Currently, while most coins have returned to their previous daily range boxes, ATOM is on a support level one step higher than the $4.923 support. After being rejected from $10.451, it formed lower highs and lower lows. The last rejection was from the $7.447 resistance, leading to a lower high than $10.451 and making this resistance more significant. If $6.115 breaks, we will see both lower highs and lower lows, and the price will move past the 0.618 Fibonacci support level, possibly reaching $4.923. For a re-entry, conditions are similar to AVAX. After breaking $7.447, you can enter with a stop-loss at $6.115. For a more secure entry, wait for $10.451 to break, or look for reactions at lower levels. However, if $6.115 does not break and the price stays in this daily range for a longer time, the $7.447 resistance will become more significant. 📝 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
13
TradeCityPro | XLM : Tracking Corrections and Key Levels👋 Welcome to TradeCity Pro! In this analysis, I’ll review the XLM coin. The Stellar project is one of the oldest crypto projects and operates one of the earliest decentralized exchanges (DEXs). 📅 Daily Timeframe: Correction After a 500% Rally In the daily timeframe, we observe a powerful upward trend. After bottoming out at $0.0884, bullish momentum entered the market. Once $0.1101 was broken, this momentum increased further. With higher buying volume and RSI entering the Overbought zone, the resistance at $0.1566 was also broken, and the price is now near its ATH. 🔍 After reaching the $0.5653 resistance, buying volume and bullish momentum slowed, and the market has entered a more stable corrective phase. So far, the price has corrected to $0.3308, which isn’t even the 0.382 Fibonacci level and indicates the correction hasn’t fully reflected the sharp price increase. 📈 The price might resume its upward movement with strong momentum even with this shallow correction. If the $0.5653 ceiling is broken, the price could move to the $0.7247 ATH resistance and potentially form new all-time highs if this resistance is surpassed. 🔽 However, the price is currently forming lower highs, which increases the likelihood of further correction due to insufficient correction thus far. If the market leans towards correction, the price might retest the $0.3308 support and, if broken, could reach supports like the SMA99 and the 0.382 Fibonacci level. Further corrections could lead the price to 0.5 and 0.618 Fibonacci levels. A break below 50 on RSI would strengthen the corrective scenario. ✨ If you’ve previously bought this coin at lower prices and are looking for an exit point, I recommend exiting if the price stabilizes below $0.3308. However, if you wish to maintain your profits and re-enter, you can consider buying again if the price recovers above this level. ⏳ 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, we can observe the price movement during the correction phase in greater detail. As you can see, the price has a critical resistance at $0.4651, which it has tested multiple times. 📊 The best long trigger currently is breaking the $0.4651 resistance, with the first target being $0.5781. Breaking this $0.5781 level would provide a second long trigger. 🔽 For short positions, the first trigger, which is quite risky, is breaking $0.3907, while the main trigger is $0.3240. The targets for these positions have been identified using Fibonacci levels in the daily timeframe. However, since the main trend remains bullish, all short positions carry significant risk. 📝 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! ❤️
by tradecitypro
9
TradeCityPro | UNIUSDT Delay in Crypto Bullrun👋 Welcome to TradeCityPro Channel! Let’s analyze today’s altcoin during these days when most people are focused on red candles and feeling FOMO, inviting you to stay calm. I have a feeling that these corrections and the previously released interest rates have caused the bull run we have in mind to be slightly delayed, but this event has also increased its probability. 🌐 Overview Bitcoin As always, before starting today’s altcoin analysis, we’ll take a look at Bitcoin in the 1-hour timeframe. We’ve reached the 91830 support level and had a good reaction to it, which further highlights its importance. However, after this reaction, we formed a lower high and got rejected, moving towards this level again. If you pay attention, exchange orders have significantly decreased, and we can say that no one is making any specific trades, with most people waiting. If the 91830 support is broken, we can move toward 86,000 USD , In case of breaking this support and Bitcoin moving downwards, if its dominance is also dropping, it’s a good idea to open a short position on Bitcoin. On the other hand, if Bitcoin dominance is breaking through the 58.11% resistance, altcoins will face sharper declines. 📊 Weekly Timeframe In the weekly timeframe, UNI has a relatively better position compared to other altcoins and has shown good upward movements, which is not unrelated to its excellent DEX platform. The weekly candle for this week will close in 3 days. However, what has happened is that last week’s candle has been engulfed, and a lower high has formed, which could indicate temporary profit-taking. For another entry, this 14.844 resistance, which is currently being rejected, is a good trigger. The main ceiling is 18.865, where you can make your purchase, and your first target would be 42.575. 📈 Daily Timeframe In the daily timeframe, after breaking through the 9.394 resistance, we had a good upward movement reaching 18.664, which has been a profitable move. It was logical to withdraw your initial capital when your investment doubled, leaving the rest of your coins free of charge. After rejecting the 18.664 resistance, breaking the temporary 15.289 support, we moved toward 12.501, and after pulling back to 15.289, we formed a lower high than 18.664 and are now back at this critical support. On the other hand, the 12.501 support zone aligns with the 0.382 Fibonacci level, which is of great importance. If we rebound from here, we can experience a good upward movement. However, breaking this support could lead to lower levels, such as 9.394. The key point about UNI compared to other altcoins is that it is currently above a higher support level than the rest of the market. If we fake out the 12.5 support, it’s a good trigger for entry , If we rebound from this support and break the 15.289 resistance, you can buy with a 12.5 stop loss , If you miss these two triggers, buy after breaking the 18.664 resistance with a confirmed 12.5 stop loss. If none of these three scenarios are activated and the price moves toward lower levels like 9.394, I will update the analysis for you after the downward wave's momentum decreases and provide a new trigger. Breaking the 12.5 support can also serve as a trigger for opening a futures position in lower timeframes, but don’t forget about profit-taking and small stop-losses. Overall, this is a chart worth having on your watchlist. 📝 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
8
TradeCityPro | LINK: Key Support and Resistance Analysis👋 Welcome to TradeCity Pro! In this analysis, I will review the LINK token. Chainlink is one of the notable Web3 projects in crypto and ranks 14th in terms of Total Value Locked (TVL). ⏳ 4-Hour Timeframe: Break Below the Range? In this timeframe, after the price reached the ceiling at $30.51, lower highs were recorded, and the price repeatedly tested the $19.98 support. Currently, the price has managed to close below this level on the 4-hour timeframe. 🔍 If the price establishes a lower high and a lower low below $19.98, it will confirm a trend reversal for this token. In this scenario, the price could potentially drop to $16.35. Breaking below 24.87 on RSI and continuing the increasing bearish volume could result in a sharp decline to the $16.35 zone. If this level is broken, the next support will be at $14.08. 📰 The current decline was primarily triggered by positive news for the US dollar a few days ago, which significantly impacted the market, leading to notable drops in many altcoins. If we consider this news to have only a short-term effect, there is a possibility that altcoins might fake out their support levels. Therefore, it’s advisable to identify a long trigger as well. 📈 If the $19.98 support proves to be a fakeout, a position could be opened based on the structure formed in lower timeframes. For the main long trigger, the first level to watch is a break above $25.45, which is the initial trigger. The next trigger is $30.51, the current ceiling of this trend. 📝 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
9
TradeCityPro | C98USDT Weekly Candle Engulfing👋 Welcome to TradeCityPro Channel! C98USDT Weekly Candle Engulfing - Downtrend or Continuation? Let’s dive into a scenario where the market is printing red candles, most traders are lost, and FOMO is rampant. Today, we’ll analyze an altcoin for you, and before that, I recommend checking out the money management guide: 🌐 Overview Bitcoin As usual, let’s start by reviewing Bitcoin. On the 1-hour timeframe, BTC was rejected from the 102,135 resistance level and experienced a 10% drop, significantly increasing the 24-hour liquidation volume. This drop also caused Bitcoin dominance to range, leading to a heavier correction in altcoins compared to BTC. If BTC had surged, altcoin losses could have been even deeper. View BTC Chart 📊 Weekly Timeframe C98 is still within its weekly range, oscillating between 0.1056 and 0.4368 for almost two years. While the range percentage is substantial, it doesn’t change its range-bound nature. If you’ve already invested in this coin, you’ve likely experienced frustration as it remains stuck in this box. Two years of idle capital in a high-risk crypto market can be exhausting. Suggestion: Exit your position if it breaks below 0.1056. Currently, the weekly red candle has four days left to close, but it’s sitting on solid support. However, the last two red engulfing candles suggest a potential continuation of the downtrend. If 0.1451 support breaks, the price may drop to 0.1056. Buying Advice: Avoid buying right now. It’s like catching a falling knife—wait for it to hit the ground first. After breaking the 0.1933 resistance, buying could be more reasonable. 📈 Daily Timeframe On the daily timeframe, C98 was rejected from the 0.1902 resistance, which highlights its importance. A break above this level could present buying opportunities. More importantly, let’s focus on the 0.1533 support level, which: Previously served as the top of the daily range , Now acts as a crucial support, forming the 0.618 Fibonacci level. If the market opts for a deeper correction, breaking 0.1533 could lead to a continuation down to 0.786 Fibonacci support at ~0.1272. Personally, I’d prefer if this price level holds because a deeper correction might delay the next bull run and keep us in this range for an extended period. 📝 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! ❤️
by tradecitypro
10
TradeCityPro | SAND: Analyzing the Key Support & Resistances👋 Welcome to TradeCity Pro! In this analysis, I will review the SAND coin. The Sandbox project is one of the largest metaverse projects in crypto, and during the previous bull run, it received significant attention from market participants. Recently, with Bitcoin’s latest upward move, SAND experienced a growth of nearly 300%. 📅 Daily Timeframe: Corrections and Key Supports As mentioned, the daily timeframe shows a strong upward trend, which extended up to $0.9327. After reaching this level with significant volume, the price entered a corrective phase. 🔍 Currently, the price has corrected to the $0.5414 level, a critical support zone overlapping with the 0.5 Fibonacci level. This creates an important support range between the 0.5 and 0.618 Fibonacci levels. It appears the price is forming a base in this area to potentially regain bullish momentum and start the next leg upward. However, the possibility of a trend reversal and further decline also exists. 📊 In recent candles, buying volume in the market increased. However, with the release of yesterday’s news favoring the US dollar, nearly all assets, including US stocks and crypto, experienced declines. SAND also followed this trend with a red daily candle, engulfing the previous bullish candle. 🧩 It’s possible for the market to form a range box between $0.5414 and $0.6983, setting up a new bullish or bearish structure. Given SAND’s recent 300% growth, the likelihood of forming a bullish structure is higher. However, this is only a possibility, and we need to wait for the market to establish a new structure. ✨ The RSI oscillator is also within a box between 41.60 and 61.04. Breaking either of these levels could introduce momentum into the market. Overall, the current market volume still favors buyers. 📈 Long Positions: The first trigger for a long position is $0.6983, which is considered a risky trigger. However, the rejection candle from yesterday adds importance to this level. The main trigger is $0.93277, which is the major price ceiling. If this level is broken, the next resistance will be at $1.4155. 📉 Short Positions: The first support zone is the range between 0.5 and 0.618 Fibonacci levels, as marked. If this zone breaks, the price could see the next corrective leg down to $0.4042. If this level is broken, it would suggest the bullish trend has ended, with subsequent targets at $0.3068 and $0.2342. 📝 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! ❤️
by tradecitypro
6
TradeCityPro | Deep Search In-Depth Of The Open Network👋 Welcome to TradeCity Pro! In this analysis, I will perform a Deep Search on the TON token. In this category of analysis (Deep Search), projects are fully reviewed. 🔍 TON is an advanced, multi-purpose blockchain network designed to provide a fast, secure, and scalable system capable of processing millions of transactions per second. 💵 The project includes various components such as a multi-layer blockchain, distributed storage, a proxy layer for anonymity, and a payment network. 📝 TON functions as a multi-blockchain platform with features like Turing-complete smart contracts, dynamic sharding, and a "fast routing" mechanism for inter-blockchain messaging. 📚 Additionally, the network supports decentralized DNS services and rapid payment channels.This project falls under the Blockchain and Distributed Technologies category, encompassing subcategories such as Smart Contracts, Decentralized Storage, and Payment Services. ✨ The Open Network (TON) distinguishes itself within the blockchain ecosystem through several unique features: 1️⃣ Integration with Telegram: Originally developed by Telegram, TON seamlessly integrates with the messaging platform, granting its vast user base direct access to blockchain services. FLAGSHIP 2️⃣Advanced Sharding and Scalability: TON employs dynamic sharding, allowing the blockchain to automatically split and merge to accommodate varying loads, ensuring efficient processing even during high demand. WIKIPEDIA 3️⃣ Comprehensive Ecosystem Services: Beyond standard blockchain functionalities, TON offers services like TON Storage for decentralized file storage, TON DNS for human-readable addresses, and TON Payments for swift off-chain value transfers, enhancing its versatility compared to other platforms. WIKIPEDIA 4️⃣High Transaction Throughput: With its multi-layered architecture and Proof-of-Stake consensus mechanism, TON can process millions of transactions per second, surpassing many existing blockchains in terms of speed and efficiency. 💰Total Raised: $ 58.00M 🎯 TON's Roadmap: ◾️2018: ▪️Telegram, led by Pavel Durov, decided to design a Layer 1 blockchain capable of supporting its vast user base.The project was launched under the name Telegram Open Network (TON).Telegram raised $1.7 billion in one of the largest ICOs in history. ◾️2019: ▪️Testnets and Design DocumentsThe first testnet of TON was launched in Spring 2019.In November 2019, the second testnet, named testnet2, went live.Key project documentation, including the blockchain’s design and mechanisms, was published. ◾️2020-2021: ▪️Transition and Community RevivalIn 2020, Telegram ceased the project due to SEC lawsuits and paid a $18.5 million fine.The NewTON team, an open-source developer group, took over the project and rebranded it as TON Foundation.In 2021, testnet2 was renamed mainnet and became a stable blockchain. ◾️2022: TON DNS: Introduced a decentralized domain name system.TON Payments: Launched a fast and scalable payment network.TON Proxy: Privacy tools for user transactions. ◾️2023: ▪️Integration with Telegram: TON Wallet became directly accessible in Telegram Messenger.TON Space Wallet Pay: Enabled payments via wallets in Telegram.Transaction Record: TON achieved over 100,000 transactions per second in its first performance test. ◾️2024: ▪️Consolidation and ExpansionDevelopment of decentralized staking and governance tools.Optimization of deflationary mechanisms to reduce token inflation.Introduction of lockup and vesting tools for developers. ◾️2025: " Current Phase " ▪️Stablecoin Toolkit: Adding support for stablecoins within the network.Jetton Bridge: Enabling token transfers between TON and other blockchains.Validator and Collator Separation: Enhancing network efficiency.Sharding Tools: For better chain management.Slashing Optimization: Improved penalty mechanisms for underperforming validators. 👥 Team : ▪️Pavel Durov: Founder of Telegram and the Russian social network VK. ▪️Nikolai Durov: Brother of Pavel Durov and a lead developer in both Telegram and TON projects. ▪️Steve Yun: President of the Foundation Council at TON Foundation. ▪️Barbara Schüpbach: Member of the Foundation Council at TON Foundation. ▪️Manuel Stotz: Member of the Foundation Council at TON Foundation and founder of Kingsway Capital. ▪️Bill Qian: Chairman of Cypher Capital and member of the TON Foundation board. ▪️Tal Kol: Co-founder of Orbs and Hexa, and recognized as a TON ambassador. ▪️Oleg Andreev: Co-founder of Tonkeeper and core developer of the TON blockchain, also serving as a TON ambassador. 📊On-chain Data: ▪️From an on-chain resistance and support perspective, the price range of $5.6 to $5.74 contains a significant volume of coins at a loss, making it a potential major resistance zone. Conversely, the range of $5.42 to $5.25 holds approximately 100 million TON tokens in profit, which could serve as solid support. However, the higher volume of coins at a loss suggests a relatively moderate risk. ▪️Regarding large transactions, there has been a noticeable spike coinciding with the price drop, likely reflecting whale activity. Despite reduced network activity, partly due to the Christmas holidays, there have been substantial inflows into the wallets of major holders. Additionally, the balances of large addresses have increased, which could have a positive mid-term impact. Notably, approximately 66% of TON tokens are held by whales, further emphasizing their influence on the network. 📌 TVL: ▪️In terms of TVL (Total Value Locked), the long-term downward trend continues, with this decline intensifying particularly in December. However, from late December, specifically on the 26th, there was a notable increase of approximately 4 million TON 👝Some wallets that support TON : ▪️Tonkeeper ▪️Tonhub ▪️TON Wallet (Telegram Integrated) ▪️Trust Wallet ▪️Ledger (via Tonkeeper) ▪️MyTonWallet ▪️Atomic Wallet ▪️SafePal 💵 DEX: ▪️STON.fi v2 ▪️DeDust ▪️Uniswap v3 (Ethereum) ▪️PancakeSwap v3 (BSC) ▪️PancakeSwap v2 (BSC) ▪️THENA FUSION ▪️ Biswap v2 ▪️Nomiswap ▪️SqaudAwap v2 You can use platforms like STON.fi & DeDust to provide liquidity and hipofinance & tonstakers to stake your toncoin token 🔔 The blockchains supported by TON for interoperability and integration include: ▪️Ethereum ▪️BNB Smart Chain ▪️Bitcoin ▪️Solana ▪️Polygon ▪️Avalanche ⛏️ How to Set Up a Full Node on the TON Network: ▪️Setting up a node on the TON network requires familiarity with Linux systems and software configurations. Below is a simplified guide to help you get started. 👁‍🗨Prerequisites: 📌Hardware Requirements: ▪️CPU: Minimum 16 cores. ▪️RAM: Minimum 128 GB. ▪️Storage: 1 TB NVMe SSD (preferably with 64K+ IOPS). ▪️Internet: 1 Gbit/s bandwidth with a fixed IP and 16 TB monthly traffic. 🖥 Recommended Operating Systems: ▪️Ubuntu 20.04 or 22.04 ▪️Debian 11 💻Necessary Software: ▪️Required libraries and compilers for TON. ▪️MyTonCtrl tool for node management. 💡Simpler Alternative ▪️Using NOWNodes: If you prefer a hassle-free setup, you can use the NOWNodes service. 1️⃣ Sign up and get an API key. 2️⃣ Use this key to connect to the node via API. 🔔No need for manual node management. ▪️This chart indicates that trading volume has significantly declined since the beginning of December 2024, dropping from approximately $49.8 million to $14.06 million. This represents a substantial decrease in trading activity. ▪️With the start of 2025, there are signs of recovery, and trading volume has rebounded to $13.5 million, showing relative improvement compared to the end of December. These changes could indicate shifts in user confidence or market conditions. 🔑Key Points: 1️⃣ Sharp Decline in December: This drop might have occurred due to holiday effects or decreased market confidence. 2️⃣ Recovery in Early 2025: The increase in trading volume may be attributed to traders returning to the market at the start of the new year. 3️⃣Overall Pattern: Significant fluctuations in trading volume during the final months of 2024 highlight notable changes in user behavior and market dynamics. 💵 TON presale: ▪️Token Price: 1 TON = $0.5 ▪️Minimum Purchase: 0.02 TON ▪️Maximum Purchase: 5,000,000 TON ▪️Platform: Ethereum (ETH) 🗓 Presale Dates: Started on August 7, 2018, and ended on March 3, 2019 ● Presale 15.00% ● Token mainsale 30.00% ● User acquisition 15.00% ● Exchange listings 15.00% ● Team 10.00% ● ACT Foundation contributors 5.00% ● dExperts 🖇Popular Tokens on the TON Blockchain 1️⃣ Toncoin (TON) ▪️Price: $5.73 ▪️24h Trading Volume: $197,810,118 ▪️Weekly Growth: 3.9% ▪️Market Cap: $14,525,127,671 2️⃣ Notcoin (NOT) ▪️Price: $0.006768 ▪️24h Trading Volume: $80,489,304 ▪️Weekly Growth: 10.0% ▪️Market Cap: $692,498,083 3️⃣ Dogs (DOGS) ▪️Price: $0.0005621 ▪️24h Trading Volume: $29,306,279 ▪️Weekly Growth: 10.3% ▪️Market Cap: $290,189,623 4️⃣ Hamster Kombat (HMSTR) ▪️Price: $0.003342 ▪️24h Trading Volume: $19,115,054 ▪️Weekly Growth: 14.0% ▪️Market Cap: $214,964,346 5️⃣ GoMining Token (GOMINING) ▪️Price: $0.4956 ▪️24h Trading Volume: $11,901,223 ▪️Weekly Growth: 3.1% ▪️Market Cap: $204,983,516 6️⃣ WATCoin (WATC) ▪️Price: $0.001587 ▪️24h Trading Volume: $23,901.32 ▪️Weekly Growth: 6.3% ▪️Market Cap: $79,466,205 7️⃣ Catizen (CATI) ▪️Price: $0.3839 ▪️24h Trading Volume: $22,506,372 ▪️Weekly Growth: 6.4% ▪️Market Cap: $78,969,044 8️⃣ Bitget Wallet Token (BWB) ▪️Price: $0.5168 ▪️24h Trading Volume: $4,467.86 ▪️Weekly Growth: 9.0% ▪️Market Cap: $73,821,308 🪙 Tokenomics and Unlock overview: ▪️Total Supply: 5 billion TON. ▪️Initial Allocation: Team: 72.5 million TON (1.45%). ▪️Pre-mined: 4.9275 billion TON (98.55%). Locked Tokens: ▪️Believers Fund: About 1.317 billion TON locked for five years (two-year cliff, three-year linear release). 🔓Unlocking: ▪️begins in October 2025, with 37 million TON added monthly over 36 months. Approximately 2.4 billion TON temporarily removed from circulating supply through locking mechanisms. 📣 Conclusion ▪️Overall, in terms of on-chain data, fundamentals, and rankings on various platforms such as CertiK, TON has received good scores. Recently, Telegram announced achieving profitability for the first time, with its revenue surpassing $1 billion in 2024. This success was driven by innovative strategies like in-app advertising, premium subscriptions, and new features, along with premium subscribers exceeding 12 million. This milestone could be an indicator of potential growth for TON. Therefore, in the medium term, if macroeconomic conditions remain favorable, TON could experience significant growth ✨ Now,lets dive into technical analysis 📅 Weekly Timeframe: Reaccumulation Box? In the weekly timeframe, we observe an upward trend that is currently in correction mode. Additionally, the price has formed a curved upward trendline, and it is currently near this level. 🔍 The price correction started from the $7.98 resistance and has continued to $4.778, which overlaps with the 0.382 Fibonacci level. If this support zone, which has reacted twice so far, is broken, the next supports will be at the 0.5 and 0.618 Fibonacci levels. If the market sees more correction and declines, the next support will be at $2.491. 🧩 If the RSI falls below 41.89, the likelihood of a corrective scenario increases significantly. Volume plays a significant role in this move, and the selling volume in the market must exceed the buying volume. 🛒 For spot buying, the best trigger is breaking the $7.98 resistance. Additionally, a reaction to the curved trendline or $4.778 could provide a good buy trigger depending on your strategy. Breaking 62.42 on RSI is also very important and could bring significant momentum into the market. 🚀 To determine new targets, I drew a Fibonacci extension for you. According to this, potential targets are at $18 and $42. However, from a market cap perspective, I believe the logical target lies in the $18-$20 range if $7.98 is broken. 📅 Daily Timeframe: More Details In this timeframe, we see more details of the price move. Recently, volume has decreased significantly over a few candles, and the price is fluctuating between the weekly curved trendline and the $5.918 short-term resistance. Breaking either of these zones will likely determine the next LWC or even MWC. 📈 For long positions, the triggers are breaking $5.918 and $6.955, and the ATH resistance ($8.191) will also be a suitable trigger. 🔽 For short positions, the best trigger is breaking $4.616. However, this support is a very strong demand zone, and breaking it is unlikely. If it does break, the next supports will be at the 0.5 and 0.618 Fibonacci levels, approximately between $3.5 and $4. 📝 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
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