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TradeCityPro | LINK : Volume Surge and Key Levels 👋 Welcome to TradeCityPro! In this analysis, I will review LINK. This coin operates in the DeFi space, aiming to facilitate cross-chain functionality in the crypto ecosystem. ⏳ Weekly Timeframe: Higher Low After Box Breakout In the weekly timeframe, after breaking the 9.81 resistance, LINK experienced a notable price increase, climbing to 21.6 before entering a correction phase. 🧲 The first correction phase retraced to the 0.382 Fibonacci level. Subsequently, after breaking this level and the 12.21 support, the correction extended to the 0.618 Fibonacci level, which coincided with the 9.81 support and the SMA99, creating a PRZ (Potential Reversal Zone) that halted the price decline. ⚡️ Currently, following increased volume and a break above the 57.72 level in the RSI, as well as the 12.21 resistance, the next bullish leg has begun. The primary target for this move is the critical 21.6 resistance, which marked the end of the first bullish leg. Whether this level can be breached remains to be seen. 🔼 If the resistance is broken and the uptrend continues, the long-term targets are 33.93 and 52.13. In case of a market downturn, key supports are 12.21 and 9.81. Should these supports break, the final stronghold will be at 5.55. A breach of the 37.49 RSI support could introduce intense bearish momentum. ⏳ Daily Timeframe: Noticeable Volume Increase In the daily timeframe, there was a ranging box between 9.53 and 12.36, which broke to the upside, initiating an uptrend. The standout feature here is the sharp increase in candle volume post-breakout, which continues to rise steadily. 📊 If the volume continues to grow, the price could easily break the 18.73 resistance and test the main ceiling at 21.6. However, if the volume starts to decline, given the divergence and significant distance from the SMA99, the price may begin to correct or consolidate. In this scenario, the key correction supports are 15.33 and 12.36. 🧩 If the RSI breaches the 53.8 support, divergence will be activated, erasing the market’s bullish momentum. Conversely, breaking the 73.38 RSI level could signal a price surge, potentially breaking the 21.6 level. ⏳ 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, we see a steep ascending trendline. The price briefly faked out below this trendline but resumed its upward movement. ✨ In the latest leg of the uptrend, after breaking the 15.33 resistance, volume has started to decline, signaling potential exhaustion. Additionally, there is a strong divergence in the RSI. The divergence trigger lies at 44.67, and if activated, the bullish momentum will dissipate. 🔽 Breaking the trendline, the 16.47 level serves as the first short trigger. However, personally, I avoid opening positions based on this trigger since it goes against the primary trend. Instead, I wait for a confirmed trend reversal using Dow Theory principles. ✅ In case of a decline, the next support levels and targets are 15.33 and 12.36. 📈 For long positions, the 18.73 resistance offers an excellent trigger. The first target for this move is 21.6. 📝 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
3
Frontline FRO possible Breakout targeting $28Analysis Trendline Breakout: Recently broke above a downward trendline; potential for bullish momentum. Support and Resistance: Watch for support near the trendline and next resistance around 25-26 levels. Recent high volatility. Key Points for Trading: Entry Point: Consider entering on pullbacks to the trendline if volume confirms. Risk Management: Set tight stop-losses below the trendline. Target: Aim for resistance levels at $26,60 and $28,60 for potential profit taking. Continued Monitoring: Watch price action and volume for sustained breakout strength. Trend Forecast: Bullish Bias: Short-term bullish trend possibly forming. Support Level: Watch for support around the $23 mark. Resistance Level: Immediate resistance near $25-$26. Forecast Summary: Expected Movement: Potential retest of resistance near $25-$26, with pullbacks to support. Triggers: Earnings reports, market news, or geopolitical events could impact movement. Risk: Tighten stop-losses to manage risk effectively.
NYSE:FROLong
by candlefire-trading
2
The #1 Way To Protect Your Profits.Having a strategy is very important and its something I am trying to work on but I am losing my focus especially when everything is riding on me to be the best that I can be its crazy how I have to finish the race of trading and come out Without any scars from the trading mania. The trading competition is very hard and if you luck discipline in the market you will get smoked, and lose all your hard earned profits. For this example am showing you the 4 hours chart for NYSE:ORCL the question is will it work? Will this chart go up? Am really not sure.Because I keep refining my trading strategies. if you like trading stocks then stick to trading stocks And remember that with this strategy you should not place on the margin higher than x3 This will protect you on the risk management side of things. This is what am writing about here its about showing you the risk management strategy Also this chart is following the rocket booster strategy To learn more about it check out the resources below. Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies,
NYSE:ORCLLong
by lubosi
TradeCityPro | AUDUSD Analysis Preparing for Movement👋 Welcome to the TradeCityPro channel! Let’s examine the key triggers for AUDUSD, which appears poised for an interesting move. 🌍 Fundamental Overview: Supported by stable commodity prices, especially iron ore, a key driver of Australia's economy. Recent Reserve Bank of Australia (RBA) comments suggest a balanced stance with no immediate rate hikes. Bolstered by strong economic data and expectations of prolonged higher interest rates by the Federal Reserve. Mixed global risk sentiment keeps the USD favored as a safe-haven currency. ⏱ 4-Hour Timeframe AUDUSD has been in a long-term downtrend, losing multiple supports and forming successive lower highs and lows. However, the price has recently stabilized, ranging between 0.64501 and 0.65412. 📉 Short Position Trigger: After breaking the 0.64501 support, initiate a short trade targeting 0.62910. 📈 Long Position Trigger: In case of a false breakdown of the support or prolonged consolidation within the range, open a riskier long trade above 0.65412 , Safer long entries can be considered once higher highs and lows are confirmed. 📝 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
2
Banknifty | 28th Nov'2024 Forecast | NSEMany retail traders have buy orders (buy-side liquidity) that big players (institutions) can take. First, they grab all the buy-side liquidity. Next, they target sell-side liquidity by creating false breakouts. Then, they push the price down to a strong support or demand zone (bearish move). After that, they reverse the price up (bullish move) and take any remaining buy-side liquidity. DM to learn more about liquidity and how big players think in the market!
NSE:BANKNIFTY
by arjTradingofficial
Altcoin Screener | DOGE Pi Cycle High and Low v2CRYPTO:DOGEUSD has been getting a lot of buzz recently and many attribute this to the Elon effect but I say that all of this can be found in the charts and is no surprise. I have several charts to share on Dogecoin's cyclical nature and why even after this recent rally, it's still not too late to buy. I developed this DOGE cycle top and bottom indicator that I call DOGE Pi Cycle High and Low v2 as it's a modified version of a popular indicator for Bitcoin in identifying its cycle top. When the green moving average crosses under the red moving average, this marks the Doge cycle bottom. When the yellow moving average crosses under the white moving average, this marks the first Doge cycle high. The low for this cycle was already marked and we still have yet to see a pi cycle high trigger. Although DOGE has had a recent rally, I think there is still plenty of room to run here so you could add to a long position and wait for this Pi Cycle High trigger as a short term trade. If you are interested in holding for longer for more potential gains, I have another indicator to share which is based on positive MACD, Bitcoin breaking above ATH and two tops. The first top triggers after Bitcoin breaks above its ATH and we have 12 consecutive weeks of positive MACD which is showing potentially will trigger by end of December 2024. Then there is a second and final top that forms later after a correction and when positive MACD returns for at least 2 consecutive weeks and lasts for 5-6 weeks. And then finally we have another top indicator based on 2 Week RSI when it peaks between 89 and 97. This also forms two major tops so as a short term trade, you could sell on that first RSI peak or wait longer for the second peak.
CRYPTO:DOGEUSDLong
by altcoin_screener
1
TradeCityPro | RENDERUSDT Analysis Continued Uptrend?👋 Welcome to the TradeCityPro channel! Let’s analyze RENDER, a popular crypto project in the graphics card and infrastructure domain, which also operates as a Layer 2 solution. 🌍 Bitcoin's Market Overview As always, before diving into RENDER, we take a quick look at Bitcoin. According to prior analyses, the recent red candles are purely corrective and indicate no major trend reversal. Corrections are healthy for any uptrend. Bitcoin is showing renewed green candles, with a 4% rise today. After breaking 94,859, you can open long positions. However, due to the decreasing Bitcoin dominance (BTC.D), this level can also be considered a confirmation for entering altcoins. A further wave of uptrend seems possible. 📊 Weekly Timeframe RENDER is one of the most bullish altcoins, similar to SOL, SUI, and OM. It has experienced less decline compared to other altcoins, largely due to the hype around Layer 2 and NVIDIA, which boosted this coin before the bull run. After its upward move and correction from 13.009, it hit the support at 4.405 and formed a green candle that engulfed the prior two candles. This alone serves as a bullish trigger in an uptrend. Currently, it has reached the key resistance level of 7.914. If this resistance is broken, given the bullish structure in higher time frames and the formation of higher lows, the coin can continue its upward movement. A buy position with a stop loss at the 4.405 level is reasonable. RSI entering the overbought zone can confirm the bullish trend further. If missed, a trigger at 13.009 remains valid. 📈 Daily Timeframe The primary resistance at 6.999 was broken, but no significant movement occurred afterward. For now, we consider 8.023 as a key trigger level. After its breakout, the price can aim for targets at 9.765 and 11.240. Additionally, the main resistance level of 13.009 in the higher time frame is adjusted to 11.240 as the broader market has shown more logical reactions to this level. RSI displays notable divergence, but during a bull run, it is often disregarded. Personally, I prefer taking positions with a stop loss rather than missing the potential movement. ⏱ 4-Hour Timeframe After breaking 5.198, the coin experienced a solid uptrend. I opened a long position, and if the resistance at 8.094 is broken, I plan to move my stop loss to 6.532. Currently, the price is ranging between 7.18 and 8.09. 📈 Long Position Trigger: Upon breaking 8.094, I will open another long position and follow the potential continuation. If the price approaches the resistance with strong momentum, I may also set a stop-buy order with a larger stop loss at 7.18. 📉 Short Position Trigger: For now, no short setups are considered during the bullish trend. If 6.532 is broken, I might only close my long position. 💡 BTC Pair Insight Compared to Bitcoin, RENDER remains bullish, bouncing strongly from support levels. Breaking its descending trendline reinforces the continuation of its uptrend. For those needing a trigger, breaking 0.00010090 on its BTC pair confirms further moves, even though by then, its USDT pair may have already pumped 50%. The key movements often come after the trigger. 📝 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
4
TradeCityPro | NFP : Key Resistance and Breakout Triggers👋 Welcome to TradeCityPro! In this analysis, I will review the NFP chart, which, based on a breakout strategy, could offer a good entry point for spot buying and futures trading. Since this coin’s chart has recently become available, I will skip the weekly timeframe analysis and focus on the daily and 4-hour timeframes. 📅 Daily Timeframe: A Critical Resistance Zone In this timeframe, alongside Bitcoin's rally toward 99,000 and the establishment of a new ATH, NFP also experienced an upward move. It began its rise from the 0.1803 support level, testing it once before successfully breaking the 0.2599 resistance on the second attempt. Currently, it has reached a significant resistance zone between 0.3050 and 0.34. 🔍 Within the range of 0.1803 to 0.3050, there’s a rounding formation visible, which I’ve marked with a curved trendline. Over time, this curved trendline has reduced the bearish momentum in the market. Even after the initial breakdown of the 0.1803 support, this trendline provided support, pulling the price back above the level in the subsequent candle and invalidating the breakdown. Afterward, strong buying volume entered the market, driving the price toward the 0.3050 resistance. 📊 Currently, the decreasing volume during the pullback suggests a healthy trend. However, we must consider the importance of the resistance zone, as it’s the most critical area for this coin at the moment. ✅ If strong buying volume enters, the price could break through this zone and target higher levels. The next target would be 0.3990. If the RSI enters the overbought zone, we could expect higher targets like 0.5874, and the ultimate target would be the ATH at 1.1522. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, I’ve marked the resistance zone with multiple lines to make it easier to identify potential futures trading triggers. 🔼 Currently, the trend appears bullish, and I prefer to open long positions. A breakout above 0.3061 would be a suitable trigger for a long position. However, the issue is that, despite recent price increases, the volume has been decreasing, which isn’t a positive sign for the continuation of the trend. 📈 If 0.3061 resistance is broken, the next trigger would be 0.3495. This trigger is more reliable than 0.3061 because the latter would lead into a resistance zone, whereas breaking 0.3495 would exit this zone, allowing for smoother price increases. 🔽 On the downside, if the 0.2595 level is broken, the price will likely enter a corrective phase, potentially dropping to 0.2167. The critical RSI support to maintain bullish momentum is 44.01. 📝 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
This Is The 3 Step Rocket Booster StrategyRight now you are probably thinking "This trading thing doesn't work" Even I think that sometimes and its crazy to see moves go the direction I saw after 5 months! My patience is very thin, and so waiting for a move to go up can be a nightmare it's just like farming and waiting for the crops to grow sooner or later the crops will grow you will be ready to harvest. This is the mentality I have to force my self to have when it comes to trading with this strategy in the capital markets. because, again this is not day trading This is trend trading. It's a long-term strategy for beginners. Do not use margin higher than x3 If you look at this chart of NYSE:V you will notice the rocket booster strategy. What is the rocket booster strategy? the rocket booster strategy has 3 steps: #1-The price has to be above the 50 EMA #2-The price has to be above the 200 EMA #3-The price has to gap up in a trend Looking at this chart do you see the trend? Then it's the right time to buy. Disclaimer:Trading is risky you will lose money please learn risk management and profit taking strategies and learn to use a simulation trading tool before you trade with real money.
NYSE:VLong
by lubosi
TradeCityPro | NZDUSD : Will the Range Break Soon?👋 Welcome to TradeCityPro! In this analysis, I will review the NZDUSD forex pair for you. The analysis is conducted on the daily timeframe. 📦 This pair has been ranging within a box between 0.57987 and 0.63543 for nearly two years. As a result, indicators like moving averages are not used in this analysis, as they do not provide reliable data in a ranging market. 🔽 Currently, the price has reached the bottom of the box, and there is a possibility of breaking it to the downside. If the 0.57987 support is broken and the price stabilizes below this level, bearish momentum will enter the market, increasing the likelihood of the price reaching the next support at 0.5541. 📈 However, if the price manages to climb above the 0.58942 level and forms a new high and low above this area, the bearish scenario will be temporarily invalidated, and the price will likely move towards testing the 0.60619 and 0.61962 resistances and even the top of the box. ✨ On the other hand, the RSI is near the 30 level. If it enters the oversold zone, the likelihood of breaking the 0.57987 support increases. Conversely, if the RSI reaches the 50 level or higher, bullish momentum will enter the market. 🔑 In case of a trend reversal and a breakout above the top of the box, the next resistance will be at 0.65069. 📝 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
TradeCityPro | CHFJPY The Battle Between Buyers and Sellers👋 Welcome to the TradeCityPro channel! Let’s quickly dive into another forex trading opportunity this week, analyze it briefly, and identify entry and exit triggers. 🌍 Fundamental Insights Swiss Franc (CHF): Supported by safe-haven demand due to geopolitical tensions and SNB’s tight monetary policy. Japanese Yen (JPY): Weak from BoJ’s ultra-loose policy and disappointing economic data. The divergence in policies between the SNB (hawkish) and BoJ (dovish) continues to favor CHFJPY’s bullish potential, especially during market risk aversion. 📊 Daily Timeframe The pair faced rejection at 177.108, failing to continue toward the 179.691 resistance. Sellers gained momentum, pulling the price back to the 172.592 support zone. If today’s daily candle closes red and engulfing, a bearish continuation to a lower low is likely. ⏱ 4-Hour Timeframe The pair is testing the key daily support at 172.592, presenting both bullish and bearish scenarios. 📉 Short Position Trigger: Break below 172.592 could lead to a target of 170.550. 📈 Long Position Trigger: Prolonged consolidation or a fake break below 172.592, followed by a breakout above 173.949, could indicate a bullish reversal. 📝 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! ❤️
Short
by tradecitypro
24
TradeCityPro | XVS & Bitcoin : Key Levels and Insights👋Welcome to TradeCityPro! In this analysis, I want to review XVS for you. This token is the native token of the Venus project, which operates on the BSC network and specializes in the DeFi sector. It boasts the highest TVL on this network. This platform allows users to collateralize their assets and borrow funds proportionate to their collateral. Currently, the platform's TVL stands at $1.8 billion, and XVS ranks 361 on CoinMarketCap. 👑 Before analyzing XVS, it's better to take a look at Bitcoin to better understand the market conditions. The Bitcoin analysis is done on the 4-hour timeframe. ⏳ 4-Hour Timeframe: Correction Phase in Bitcoin On the 4-hour timeframe, after breaking the $72,771 resistance (the previous ATH), we witnessed a very sharp, high-momentum move up to $99,022. Currently, Bitcoin has entered a correction phase. The first significant support in this timeframe is $92,004, which overlaps with the 0.236 Fibonacci level. The price has already reached this level. At the same time, the SMA99 has also aligned with the candles in this area, turning this level into a very strong PRZ. ✨ The RSI oscillator has triggered divergence, exiting the lower Bollinger Band several times, which has eliminated the bullish momentum. However, the most important thing in a bullish market is that when the RSI approaches the 30 level, it often represents a good buying opportunity. Using the Bollinger Band indicator, we can better determine trend reversals and RSI triggers. However, all of these require price confirmation, which can be achieved through Dow Theory rules or short-term resistance breakouts. 📊 On the other hand, the volume of corrective candles is increasing, which is not a good sign for the correction's end and makes the bearish scenario more likely. 🔑 If the $92,004 support breaks, the next key support is $86,841, which aligns with the 0.382 Fibonacci level and is likely to serve as a major support during this correction. For now, I won't discuss other supports; if $86,841 is broken, I'll determine the rest later. ✅ XVS Analysis: Weekly and Daily Timeframes 📅 Weekly Timeframe: Long-Term Box On this timeframe, the price previously formed a long-term box between $3.17 and $9.19. After breaking this range, a new box was formed between $5.29 and $17.43, where the price currently trades in the lower half of the box and is struggling with resistance at $9.19. 🔼 The previous weekly candle was very strong and powerful but couldn't break the $9.19 level. The current candle is also rejecting from this level. For spot buying, breaking this resistance or $17.43 is suitable. The potential targets are $40.22 and $140.26, with $140.26 being the ATH for this coin. 📉 In case of a drop, the first support is at $5.29, and on the RSI, there is a significant support level at 39.32, which can prevent a price decline. If this support is broken, the next level is $3.17, the all-time low for this coin. 📅 Daily Timeframe: Strong Resistance Zone On the daily timeframe, the $9.19 resistance can be drawn as a range between $8.18 and $8.91, which is very important. Currently, the price is rejecting from $8.91 and has dropped to $8.18. 🔍 The main and significant support on this chart is the ascending trendline, which previously experienced a false breakout. If the price stabilizes below $8.18, the next corrective target will be reaching this trendline. 💣 If the trendline breaks, the next support is $5.98, which is a strong resistance since the market previously reversed from this level after a false trendline breakout and reached the $8.91 high. 🧩 If the RSI stabilizes above 66.27, the price can start pumping because it has already hit this level twice and been rejected. If the RSI breaks below 50, bearish momentum will enter the market, and the bearish scenario will strengthen. 📝 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 | CELOUSDT Suitable Trading Opportunity👋 Welcome to the TradeCityPro channel! Let’s analyze CELOUSDT, a cryptocurrency that appears to present opportunities in both spot and futures markets this week. 🌍 Market Overview Before diving into CELO, let’s take a look at Bitcoin during the London session. BTC continues to print red candles, with its dominance (BTC.D) ranging. This scenario leads to a balanced market correction, where individual coins behave independently based on their BTC pair performance. 📊 Weekly Timeframe CELO has been ranging within a weekly box for approximately 830 days, with no significant breakout. While buying at the box's bottom might have yielded 100% gains, holding positions for extended periods in a risky market like crypto can lead to "capital dormancy," causing stress. Hence, trigger-based trading is preferred. This time, CELO has printed a higher low within the box, hinting at a potential breakout. Breakout above 0.8412 with a stop loss at 0.4083 for a mid-term buy. If missed, another entry above 1.2530 with confirmation from RSI moving into overbuy territory (76.06) ensures a more secure position. 📈 Daily Timeframe CELO is currently testing the box resistance but shows stronger buyer momentum this time. Last rejection from 0.8683 led to a correction down to 0.5318, but buyers established a higher low compared to 0.3998, indicating a shift in momentum. Daily RSI needs to break 74.22 to confirm a sharp move upward , Upon confirmation, price could rally to 1.0503. ⏱ 4-Hour Timeframe CELO has formed a parabolic movement, with consistent support at the curve line during pullbacks. Despite some weakening momentum, as long as the price holds above the curve, there’s potential for further upside. 📈 Long Position Trigger: Breakout above 0.8683 to initiate a long position. As long as the price remains above 0.7352, higher lows per Dow Theory suggest strength. 💡 BTC Pair Insight CELOBTC is bearish but shows signs of weakening bearish momentum, which might lead to a trend reversal or a new bullish phase. Coins with similar BTC pair setups last week either didn’t move or experienced significant pumps after their triggers. 📝 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
2
The 3 Reasons To Buy This StockThis market cycle is the most crazy and sadly this happens almost every year. They always comes a time when suddenly I get popular then "poof" my popularity disappears. My guess is that every year we have a surge of NEW retail investors both young and old into the capital markets for some it may be because they are looking for alternative investments and others maybe are seasoned traders looking to learn something new This used to frustrate me a lot because you know being popular is addictive and can force you to change your goals And become very aggressive in your marketing if you aspire to be an entrepreneur There is nothing wrong with online business as long as you are willing to help your fellow human being. When you look at this chart of NASDAQ:NFLX I want you to notice 3 things:: 1-The wall of sellers represented by the tall red candlestick this idea I got from Tim Sykes. 2-The bull power has been rising for the past 4 days despite this market price crash 3-The rising high negative volume These 3 things are giving what we call in trend analysis as a "Bear trap" Or a reversal. This can be difficult to understand but you can really reach a point in your life where once you get it You can make serious income from it. if you understand the trap. sadly many people don't see the trap and once they happen the market shakes in opposite Also notice that its following the rocket booster strategy to learn more about this strategy refer to the resources below Thank you so much for following and reading. Trade safe. Rocket boost this content to learn more. Disclaimer: Please use a simulation trading tool before you trade with real money Trading is risky because of this you have to have profit-taking and risk-management strategies.
NASDAQ:NFLXLong
by lubosi
TradeCityPro | MEMEUSDT Analysis Risky Spot Buy?👋 Welcome to the TradeCityPro channel! Let's dive into analyzing MEMEUSDT, a newcomer to the market. We'll see if it's worth considering for a risky spot buy and holding as part of our portfolio. 🌍 Market Overview Before analyzing MEME, let’s review Bitcoin’s performance: BTC experienced a 3% drop today, accompanied by a decline in BTC.D. The market was highly volatile, with some coins correcting, others climbing, and some ranging. If BTC.D continues to drop and Bitcoin consolidates, altcoins could see another bullish wave. Personally, I remain bullish and am not looking for short positions. 📊 Weekly Timeframe MEME is a new coin with limited historical data and has yet to experience a bull run. However, it has already been listed on major exchanges and climbed to the top 160 in market cap. After an 80% decline post-listing, MEME entered a range between 0.00909 and 0.01425, signaling the end of its downtrend. Breaking out of this box could signal the start of a new uptrend. With decent recent volume, a risky buy could be considered. Placing a stop-buy order above 0.01561 with a stop loss at 0.00909 might be an effective strategy for managing risk. 📈 Daily Timeframe MEME remains within the weekly range, having recently tested its range high at 0.01476. Sellers appear exhausted, as buyers have consistently pushed the price higher without revisiting the range low. If the daily candle closes above 0.01476, consider entering. Alternatively, wait for a breakout above 0.01740 for a safer entry. Keep in mind that breakout traders might prefer waiting for 0.01740 to be breached, while others might risk entering earlier at 0.01476. It's a matter of trading style and risk tolerance. As long as the price remains above the curve line, I’ll continue focusing on long positions. Confirmation from an RSI overbought condition and increasing volume will further support bullish entries. ⏱ 4-Hour Timeframe On the 4-hour chart, resistance at 0.01488 is currently being tested, with signs of a potential fakeout and short-term correction. However, as long as the price holds above the curve, there's a chance to break this resistance soon. 📈 Long Position Trigger: confirmed breakout above 0.01488 signals a buying opportunity. 📉 Short Position Trigger: I personally won’t prioritize short setups here, as I’m focused on bullish opportunities. 📝 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 | USD/JPY : Divergence and Trend Weakness👋 Welcome to TradeCityPro! In this analysis, I’ll review the USD/JPY forex pair, focusing on the 4-hour timeframe. ⏳ 4-Hour Timeframe: Current Trend Insights At present, the trend in the 4-hour timeframe is upward, with an observable ascending trendline. The SMA99 has also acted as a support level. 🔽 However, the strength of the trend appears to be diminishing. The bullish candles are progressively smaller, and corrections have become deeper. ✨ RSI Analysis and Momentum A negative divergence is noticeable in the RSI, indicating a weakening trend. The 39.98 support level is crucial, and with the divergence and trend weakening, the likelihood of breaking this RSI level is high. If this happens, the market’s bullish momentum will fade. 📉 Short Position Strategy If the trendline is broken and the 153.639 trigger level is breached, followed by price stabilization below this level, it will signal an entry opportunity for a short position. The specific trigger, whether based on Dow Theory, a pullback to 153.639, or another strategy, depends on your approach. 📊 The next key support is at 151.512. If you missed or avoided the 153.639 trigger due to risk concerns, breaking this support could provide a safer short entry point. Subsequent supports are located at 149.177 and 145.826. 📈 Long Position Strategy Despite the weakening trend, the 156.544 trigger is still a valid entry point for long positions. The next resistance after this level will be at 157.702. 🔑 By keeping an eye on these levels and market momentum, you can effectively align your trading strategy with market conditions. 📝 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
1
TradeCityPro | GBPNZD Analysis Ready to Move👋 Welcome to the TradeCityPro channel! Let's start this week's market by analyzing the GBPNZD pair for potential triggers in futures. We'll keep it concise! 🌍 Fundamental Overview GBP: The British pound remains under pressure due to persistent economic slowdown and uncertainty around the Bank of England's policy, with inflation softening but still above target. NZD: The New Zealand dollar is supported by stronger commodity demand and recent hawkish signals from the Reserve Bank of New Zealand (RBNZ), which is holding interest rates steady but remains cautious of global economic conditions. Result: Diverging monetary outlooks and commodity trends make GBPNZD sensitive to risk sentiment and trade flow shifts. 📊 Weekly Timeframe In the weekly timeframe, like most currency pairs, we are in a range but have broken the lower box and are now ranging in a higher box. Additionally, the chart shows a curve-like upward movement, forming higher lows, indicating an uptrend, but recently, the trend has significantly weakened, and the candlesticks are getting smaller. If the curve line breaks, the price can move to 2.10640. If the curve supports, the price may head towards 2.16990 and possibly break this significant resistance. ⏱ 4-Hour Timeframe In the 4-hour timeframe, there is a descending trendline, forming lower highs and creating compression. 📉 Short Position Trigger: Triggered by rejection from the trendline or a break of the 2.14309 support level, targeting 2.12359. 📈 Long Position Trigger: Triggered by a breakout above the trendline and 2.15606, targeting 2.18194. 📝 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
3
TradeCityPro | Ethereum Full Analysis👋 Welcome to TradeCityPro! In this analysis, I will review the most popular altcoin in the market, Ethereum. As the second-largest cryptocurrency, Ethereum not only enjoys immense popularity but also has widespread applications, particularly in DeFi. If you've been following our updates, you're likely aware of the potential and profits that DeFi offers. 📅 Weekly Timeframe: Trendline Reaction and Continued Uptrend In the weekly timeframe, a long-standing ascending trendline has supported Ethereum's price four times over the past two years. 🎲 Recently, the SMA99 has aligned with this ascending trendline. Along with the critical $2,199 support, it forms a powerful PRZ (Potential Reversal Zone). Additionally, the RSI found strong support at 38.52, preventing further price drops and resulting in several green candles. Given the significant buying volume, this upward movement seems poised to continue. 🔴 The next resistance for Ethereum is at $3,882. If this level is breached, the only remaining obstacle is the ATH at $4,685. 📈 In the event of an ATH breakout, the Fibonacci targets are $10K to FWB:12K , a highly significant range that could become realistic during an altcoin season. However, this doesn't guarantee that the price will hit these levels or stop there. Always wait for trend confirmation. Exit early if the price reverses at lower resistances, and stay invested if the trend remains strong at higher levels. 🔽 Currently, the bullish momentum appears strong, making a decline less likely. However, if the price closes below the trendline and SMA99, and breaks the $2,199 trigger, the bullish scenario will temporarily be invalidated. The next key supports would be at $1,523 and $1,023. 📅 Daily Timeframe: Second Leg of the Uptrend After Box Breakout In this timeframe, near the ascending trendline, a clear accumulation box accompanied by a positive RSI divergence can be observed. After breaking the SMA99 and the box, the price experienced a solid rally and reached the $3,367 resistance. 🔑 Today, the price has managed to stay above this level so far, but confirmation will depend on the daily candle close. 📊 The candlestick volumes look strong, with no signs of weakening. If the RSI enters the Overbought zone, we can expect a price pump. 📉 Upcoming resistances are at $3,712 and $4,086, with the primary resistance being the ATH at $4,828. Although far from the current price, the strong upward momentum could lead Ethereum to this level soon. ✨ If the price fails to confirm above $3,367 and a correction begins, the key supports to watch are $3,054 and $2,743. However, given the current bullish momentum, any correction might be limited to $3,054. A deeper correction would reset market excitement and reduce bullish momentum. 📅 4-Hour Timeframe: Futures Triggers Now, let's discuss futures trading triggers. As covered in higher timeframes, I will focus solely on futures trading setups in this timeframe. 💥 For long positions, a breakout above $3,533 or a pullback to $3,295 could serve as good entry points. The SMA99 is relatively close to the price, adding strength to these levels. If the RSI breaks above the 70 level and buying volume increases, the price may experience significant growth. ❌ Currently, I won't suggest any short positions as they go against the market momentum. I will wait for confirmation of a trend reversal before entering a short trade. 🔒 The bullish momentum will likely persist as long as the RSI remains above the 50 level. 👑 ETH/BTC Analysis 📅 Weekly Timeframe: Strong Bearish Momentum Let’s compare Ethereum to Bitcoin. In the weekly timeframe, after breaking $0.05154, a double-top pattern activated, pushing the price downward. A curved trendline has acted as a significant resistance, keeping the price below it for nearly two years. 🔫 Currently, the nearest support is at $0.02998, which is crucial. If this level is broken, Ethereum will face significant challenges in gaining value relative to Bitcoin. 🪤 If the RSI breaks above 38.55, it will signal the first sign of a trend change. A breakout above the 56.07 resistance would confirm a momentum shift, and with candle confirmation, a trend reversal would likely follow. 📅 Daily Timeframe: Reaction to the Trendline In the daily timeframe, the bearish trend remains evident, similar to the weekly chart. However, a positive RSI divergence is forming. If the RSI breaks above 50, this divergence will activate. 💣 A trendline near the price’s lower boundary recently saw a fakeout. The price is currently above this level. For the divergence to activate, a price trigger is required, which at the moment is a breakout above $0.04099. ✅ Alternatively, a trend reversal based on Dow Theory could also serve as a long trigger, confirming a change in 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
25