Downloading...
Download

Cryptocurency

TradeCityPro | CAKE: Weekly & Daily Price Dynamics👋 Welcome to TradeCityPro! In this analysis, I will examine the CAKE coin. Pancake Swap is a DEX platform on the BSC network, ranking first among DEXs by TVL. This analysis will technically review the platform's coin, CAKE. 📅 Weekly Timeframe: Reaching the Demand Zone In the weekly timeframe, following the break of the $3 support, the price dramatically fell, and after several weeks, it found a bottom at $1.093. With incoming buying volume, it rebounded from this zone and eventually reached up to $4.753. 🔍 After the initial contact with this area, the price was rejected and fell sharply again to $1.549, where the second bottom was formed. After a confirming candle, the price moved towards the supply zone near the resistance at $4.753. 📊 The buying volume was very strong in the bullish candles that formed, but after reaching $4.753, we observed a heavy rejection and the price retraced the entire bullish leg. With the RSI reaching the 50 level, the bullish momentum also dissipated. 🚀 For an uptrend, as long as the price is below the supply zone, I do not expect large and sharp candles. However, if $4.753 is broken, the price could move towards targets at $9.723 and even $41.575. 🔽 If further correction occurs, the most crucial support is at $1.093, which must not be lost. 📅 Daily Timeframe: More Chart Details and Price Behavior In this timeframe, we can observe more details about price behavior. Currently, the price is in a very tight range box from $2.243 to $2.627, and breaking either of these areas could start a new trend. 📈 If $2.627 is broken, the price could again move up to the $4.753 ceiling. Entry of buying volume and a break of 50 in the RSI will significantly impact this bullish leg. ⏳ On the other hand, if $2.243 breaks, the price could move down to the $1.549 support and, if bearish momentum increases, could even break this support and move towards lower lows. 📝 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
ADA is on fire!Hello Traders, The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception! Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level. This is an incredible performance, especially with altseason just around the corner. What to expect from ADA in the near future? Let’s break it down! ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go? Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level. On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
16
GOATSEUS MAXIMUS IS STILL NO.1 MEME FOR THIS BULL RUNFalling Wedge: A falling wedge pattern is observed, which generally signals a bullish reversal. This pattern typically forms when the price consolidates between two downward-sloping trendlines that converge. The breakout point is expected above the upper trendline, indicating a potential bullish move. Resistance and Support Zones: Resistance Zones are highlighted in orange above the price levels, indicating areas where price may face selling pressure. Support Zone is formed at the lower trendline of the wedge, which has been tested multiple times, showing that buyers are stepping in around these levels. Indicators: VMC Cipher shows potential bullish divergence, suggesting momentum is shifting upwards. RSI (Relative Strength Index) is near the neutral zone (around 50), indicating no extreme overbought or oversold condition. A push above 50 could signal increased bullish momentum. Stochastic Oscillator is in an upward trajectory from oversold levels, suggesting a short-term bullish reversal. HMA Histogram is turning positive, which may indicate an upward trend reversal. Volume Note: Lack of volume data suggests that it’s essential to observe if any breakout is accompanied by significant volume. This would confirm a true breakout from the wedge pattern. Trading Plan Entry Strategy: Breakout Entry: Enter a long position if the price breaks and closes above the upper trendline of the falling wedge with a strong bullish candle. Confirm breakout strength with an increase in RSI and a positive crossover in the Stochastic. Early Entry: For aggressive traders, an early entry could be made near the current level, expecting a breakout soon, but with a strict stop-loss. Take Profit Targets: Target 1: Place the first target at the nearest resistance zone (around $0.80). Target 2: Secondary target can be set at the upper resistance zone around $0.95 to $1.00, as indicated by the blue arrow. Stop-Loss: Set a stop-loss just below the recent low within the wedge, around $0.61, to protect against a false breakout or continuation of the downtrend. Risk Management: Use a risk-reward ratio of at least 1:2 or higher to ensure a profitable trade setup. Adjust the position size to account for volatility and maintain proper risk per trade (e.g., 1-2% of portfolio per trade). Trailing Stop: Consider implementing a trailing stop once the price approaches the first target to lock in profits as the trade progresses. Monitoring Indicators: Monitor the RSI and Stochastic to ensure they continue to support the bullish sentiment. Watch for any change in the HMA Histogram, which could signal early warning signs if it shifts back to a downtrend.
CRYPTO:GOATSEUSDLong
by elfabiiani
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of ​​the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Short
by MrHunterTradeInsight
1
Alikze »» BAND | Descending channel failure🔍 Technical analysis: Descending channel failure - It has been moving in a downward channel on the daily time frame. - It is currently in the supply zone with the breakdown of the descending channel. - In case of a pullback to the broken structure and maintaining the 1.17 area, it can continue its growth until the next supply area of ​​the 1.75-1.95 range. In addition, in case of failure of the supply zone of 1.75-1.95 range, the upward movement will continue towards the next supply zone, which can touch the 2.60 range. 💎 Alternative scenario: In addition, if the 1.17 range is broken down, the bullish scenario will be invalidated and can continue the correction up to the 0.97 area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BANDUSDT
Long
by UnknownUnicorn7266498
Phemex Analysis #13: WIF 63% & 86% Wild RIde!PHEMEX:WIFUSDT.P has exhibited extraordinary price action, plunging 63% from its recent peak and subsequently rallying 86% in a matter of days. Such dramatic swings highlight the inherent risk and reward associated with this asset. Potential Price Scenarios Given WIF's recent volatility, it's crucial to consider multiple price paths before making your trading decisions: 1. Bullish Continuation: If the current uptrend gains momentum, immediate resistance levels are at $2.0 and $2.35. However, a bearish macro environment could cap gains. Traders should monitor volume and RSI for confirmation of strength. 2. Potential Double Bottom: Alternatively, the price might form a second low around $1.0. Ideally, this low would be higher than the previous one, followed by a period of consolidation. A higher RSI compared to the first low could indicate a stronger base, making it a potential accumulation zone. 3. Bearish Breakdown: A decisive break below the $1.0 support with increased volume signals a potential significant downtrend. Given WIF's correlation with BTC, a sharp decline in Bitcoin could exacerbate downside risks. Exercise caution in such conditions. Trading Considerations Risk Management: Due to WIF's high volatility, implementing strict stop-loss orders is essential. Leverage: Using high leverage in WIF trading can easily lead to liquidation. Carefully consider leverage to manage risk effectively. Market Sentiment: Stay informed about overall market trends and sentiment, particularly Bitcoin's, as they can significantly impact WIF's price. This analysis provide a potential outlook and trading consideration for WIF's price movement. However, it's essential to conduct thorough research before making any trading decisions. Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Phemex Analysis #11: TON_Is it Time to Buy the Dip?PHEMEX:TONUSDT.P experienced a meteoric rise from $2 to its all-time high (ATH) of $8.284, representing a staggering 400% increase in just four months. While the broader cryptocurrency market faced a downturn since March, TON demonstrated resilience, continuing its upward trajectory. However, the recent drop below the 1-day 50 EMA and formation of a lower high at $7.64 suggest a potential bearish trend emerging. Given the current market conditions, investors are pondering whether it's an opportune moment to accumulate TON at a potentially discounted price. It's noteworthy that several prominent institutions, including Pantera Capital and DWF Labs, maintain a bullish outlook on the project. To navigate the evolving market dynamics, it's essential to consider potential price scenarios: Consolidation and Subsequent Rally: The price may stabilize around the $6.35 support level before embarking on another upward movement. If TON surpasses its previous ATH of $8.284 with substantial trading volume, it could signal the onset of a sustained bullish trend. In such a scenario, investors might consider chasing the upward momentum to capitalize on potential gains. Extended Downtrend: Alternatively, the price could breach the $6.35 support level and continue its downward trajectory, seeking support at $6.0, $5.60, or $4.60. These levels could present attractive entry points for long-term investors if a reversal occurs, indicating a potential buying opportunity. It's crucial to recognize that the TON ecosystem is still in its nascent stages, with substantial growth prospects on the horizon. The project's potential is undeniable. Note: Our SocialFi Platform - Pulse now had 500 $PULSE Airdrop for all Phemex users. Check it out now.
by Phemex
Potential Bullish Breakout in RIF Coin: Eyeing Next Resistance Description: RIFUSDT is exhibiting a promising setup with a potential bullish breakout on the horizon. If the coin successfully breaks through the current resistance level, it could pave the way for a substantial upward movement towards the next key resistance target. Key Features of the Setup: Current Resistance Level: RIF Coin is currently testing a significant resistance level. A breakout above this level would indicate strong bullish momentum. Potential Risks: False Breakout: Breakouts can sometimes fail, leading to a quick reversal. It's essential to watch for confirmation of the breakout with sustained volume and price action above the resistance level. Volume and Momentum: Look for an increase in trading volume as the price approaches the resistance. Higher volume during a breakout confirms the strength of the move. Next Resistance Target: Upon breaking the current resistance, the next target is the subsequent resistance level. This target is typically identified by previous price action highs or other technical indicators such as Fibonacci retracement levels. Support Levels: Post-breakout, the former resistance level will act as a new support. Monitoring this support is crucial for managing trades and identifying potential pullbacks. Trading Strategy: Entry Point: Enter a long position slightly above the breakout level to confirm the move. Stop Loss: Set a stop loss just below the new support level (former resistance) to mitigate risk. Take Profit: Target the next resistance level for taking profit. Consider scaling out of the position in stages as the price approaches this target to secure gains.
Long
by WaveRiders2
94K Bitcoin ?Looks like bitcoin is retesting the weekly bull flag structure right now. And this week it has touched Weekly, Daily, and 4 Hours support of the flag structure. This week BTC close above 64k will be good confirmation of the structure. And next week we might see a pullback to retest current lows and if the bulls take control and break the current channel at daily and H4 level. Then we could see the bull run to continue and reach the height of the flag poll around 94K. Always analyze BTC and take trades on every other crypto as well. Everything follows BTC.
PYTH:BTCUSDLong
by Shaappe
2
🌟🔍 CRV's Potential Breakout 📈🔐 🔻 CRV in a Falling Wedge: CRV (Curve DAO Token) seems to be in a falling wedge on the weekly timeframe, but the pattern isn't entirely certain due to the shortness of the preceding wave. 🔺 Expanding Triangle in Shorter Timeframes: In the 4-hour and daily timeframes, CRV is moving in an upward expanding triangle (I will update the analysis with this pattern soon). 📈 162% Move Possibility: A 162% upward movement for CRV can be envisioned after breaking the trend line and the resistance at $0.6456. 🚦 Strategy Recommendation: The best approach seems to be waiting for the breakout of the trend and the $0.6456 trigger. 🔍 Volume and Candle Analysis: Currently, the volume doesn't confirm the movement trend, and the candles don't strongly indicate buyer presence. 🔔 Set Alerts: Definitely set alerts if you're interested in buying CRV. 🛑 Stop Loss Consideration: Though it seems large, the best stop loss might be below $0.4185, which is close to a 40% risk. 📈 Futures Trading: For futures, consider taking a long position after $0.6456 with a stop loss set in the 4-hour timeframe. 📉 In Case of Market Downturn: If the market drops, the yellow box will represent the new accumulation zone. 🔝 Confirming New Primary Uptrend: To confirm the start of a new primary uptrend, we need to wait for CRV to reach $1.4554. 🔑 Related Categories: Pattern Analysis Resistance and Support Volume Analysis Do you see a breakout in CRV's future? Share your thoughts and strategies! 💬🌐 #CRVToken #CryptoAnalysis #TradeCityPro 📚 Remember: Investing in cryptocurrencies involves high risk. Always do your own research and consider your risk tolerance before investing! 🧠💼
Long
by tradecitypro
12
🌟🔍 API3's Bullish Signs 📈🔐🌟🔍 TradingView Analysis: API3's Bullish Signs 📈🔐 🔺 API3 in a Weekly Correction Triangle: API3 is currently in a corrective triangle in the weekly timeframe. Notably, there has been significant buying volume in recent weeks. The decreased volume during the last three weeks of red candles is a positive sign for potential upward movement. 🌐 Daily Timeframe Movement: The coin is showing a curved movement in the daily timeframe, but it's not parabolic. It responds well to this curved line, but opening positions based on this reaction isn't part of my strategy. 📈 Entry Strategy: For short-term entries, I plan to enter a long position or buy spot after breaking the daily resistance at $1.591. 🔑 Key Resistance and Monthly Box Entry: Once it breaks the trend line and the $1.591 resistance, API3 will enter a monthly box, with a crucial resistance at $2.443. 🛒 Long-Term Buying Strategy: For a long-term portfolio or hold, it's advisable to buy after surpassing $2.443 to ensure a confirmed bullish trend. 🔍 Important Daily Resistance: Keep an eye on the daily resistance at $1.921. 📊 RSI Oscillator Support: The RSI is finding important support at 40, which could sustain the price. 🚦 Caution in the Triangle: As long as the price remains above $1.272, it's better not to buy within the triangle until it exits the consolidation phase. 🔑 Related Categories: Triangle Patterns Volume Analysis Oscillator Analysis 📣 What’s your perspective on API3's market movement? Let's discuss strategies! 💬🌐 #API3Analysis #CryptoTrends #TradeCityPro 📚 Remember: Cryptocurrency investments are subject to market risks. Always conduct thorough research and consider your risk tolerance! 🧠💼
Long
by tradecitypro
7