TradeCityPro | FTM : Preparing for a Potential Rally👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the FTM chart. This project is a Layer 1 blockchain, which has recently gained significant attention and buying volume due to its new airdrop initiative.
📅 Weekly Timeframe: Preparing for Another Rally
In this timeframe, after several months of base formation around $0.1793, the price has now broken through $0.5535, with the next resistance at $1.0785. If the price successfully stabilizes above this resistance, the probability of reaching the ATH at $3.292 increases significantly.
📈 If the RSI oscillator breaks through 62.1, bullish momentum will enter the market, increasing the chances of breaking the resistance and pushing toward the ATH. However, the most crucial factor right now is volume. So far, the main buying volumes haven’t entered the market. Until this happens, the likelihood of breaking the resistance remains low.
📅 Daily Timeframe: Close to Breaking Resistance
On the daily timeframe, after breaking $0.5384, the price has pulled back toward this level and the SMA 99. It has now reached $0.8401, with a significant support level at $0.613.
🔼 The first long trigger in this timeframe is $0.8401, with a target of $1.1448 if this level is broken. However, as mentioned in the weekly analysis, volume remains low, and until larger volumes enter the market, the moves in the market cannot be deemed reliable.
🔍 If the price is rejected at $0.8401, it may pull back again toward the SMA 99 or even revisit $0.5384.
🔽 Currently, there isn’t a suitable short trigger in this timeframe. Personally, I will wait for lower highs and lower lows before considering short positions.
👑 FTM/BTC Analysis
On the daily timeframe for the FTM/BTC pair, there’s a long-term range between 0.00000676 and 0.00001129, with price once moving to the high at 0.00001794 and another time to the low at 0.00000541. Currently, the price is battling resistance at 0.00000817, which is within this range.
🚀 Breaking this resistance, coinciding with $0.8401 on the USD pair, would be a solid confirmation for entering spot buys or futures positions. The next resistances are at 0.00000991 and 0.00001129.
📝 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! ❤️
DEFI
TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel!
Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth.
👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move.
⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline.
🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins.
📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets
In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH.
🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75.
✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance.
🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected.
📅 Daily Timeframe: Beginning of a Correction?
In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern.
📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17.
📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action.
🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial.
📅 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis.
🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines.
🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe.
📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422.
💎 SUI/BTC Pair Analysis
The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins.
Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
FARM: A DEFI Platform with Explosive Potential"FARM is a solid and innovative DEFI platform, comparable to big names like AAVE, Compound, and Yearn Finance, offering efficient staking and yield generation. Recently, it has gained attention for its unique structure and fundamentals that suggest extraordinary growth potential.
With exactly 672,183 tokens in circulation and a market cap of just $30 million, FARM is positioned for significant movement. Comparable platforms have already surpassed $100 million, and all signs indicate FARM could reach that milestone soon.
If FARM hits $100 million in market cap, it would represent an approximate 300% increase from its current valuation. This extreme scarcity of tokens, combined with its functionality as a DEFI platform, places FARM in a uniquely advantageous position in the crypto market.
Opportunities like this are rare. For those keeping an eye on the market, FARM showcases the characteristics of a project poised for rapid and significant growth. Stay alert—this could be one of the most exciting moves we see in the near future. 🚀 COINBASE:BTCUSD BINANCE:BTCUSD COINBASE:ETHUSD
ETHUSD PREPARING FOR LONG ENTRYHello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well with you!
Here's a quick update on ETH on the daily timeframe. The trading system just flipped short, but since we're in a bull market, we don't take short positions. Instead, we wait for the system to flip long again.
In the meantime, we can monitor three key levels of interest:
1. The 0.382 Fibonacci retracement level (all-time range).
2. The lower highs trendline.
3. The 200-day moving average (200 MA).
If the price holds above at least the 200 MA and the 0.382 Fib level, and the system flips long again, that would give us the green light for a long entry.
Patience is key here! I'll keep this idea updated for both of us.
Thank you for reading!
MNT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is Mantle Network (MNT) on the daily timeframe. The system has just flipped short right under the 200MA, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again, ideally above the 200MA. Only then will we consider entering the market on the long side.
We can also see that the price has just broken below the 0.618 Fibonacci level (all-time). This indicates two important points:
1. The system signals that we should wait.
2. The price is below a key support zone, which adds to the caution.
Conclusion: We wait for two confirmations:
The system flipping long above the 200MA.
The price reclaiming the 0.618 Fibonacci level as support.
Patience is key, so we’ll revisit this chart tomorrow.
Stay safe!
HIFI Finance PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is HIFI on the daily timeframe. The system is already in a long position, so we won’t take any action for now. We are simply waiting to see if the price can:
1. Hold above the 200MA, and
2. Break through the 0.786 Fibonacci level, which has been acting as resistance since July 2024.
Patience is key.
METISDAO PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is METIS on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.236 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.236 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
FTMUSDT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is FTM on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.786 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.786 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
ETHUSDT WEEKLY ENTRY SIGNAL LONGHappy weekend, dear hodlers!
I hope you’re having a great time and enjoying this wonderful bull run.
This is ETH on the weekly time frame. It has passed the 0.382 FIB level and is now at a resistance level that accounts for one-third of all historical price action. Volume is decent, but there’s room for improvement.
The trading system is signaling an entry at this level, which aligns with last week’s close.
Overall, everything looks promising for a long-term entry for those looking to HODL.
I’ll keep this idea updated!
Alikze »» BEL | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- BINANCE:BELUSDT It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, a correction has been encountered, which is met with demand in the OB area and an upward wave has formed.
- Currently, it can face the demand again and touch the specified targets by returning to the bottom of the channel and the green box area.
💹 Support zone: 0.48 - 0.39
🏹 Goals: 0.78 - 0.87 - 1.07 - 068
⚠️ In addition, if the 0.39 area breaks and is below the stabilization range, it can continue the correction process.⚠️
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Alikze.
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Chainlink goes for the title of top-1 blockchain in the worldChainlink is going mainstream! The project is being implemented in a number of major European banks and has also reached an agreement on partnership with SWIFT! This is an incredible result for cryptocurrencies. Chainlink also has multiple applications in other areas: DeFi, Gaming, NFT, DePin and RWA. Take note, don't miss out on an Apple-level project in its infancy!
ALTcoins Are Trying To Follow Bitcoin; DeFi Bulls Are HereWe talked about DeFi Index back on August 21, when we actually spotted a completed complex W-X-Y corrective setback that gave us a bullish setup formation of a larger degree.
Since August it's been mostly accumulating and with a broken channel resistance line connected from the highs, it's probably forming a bullish setup formation with a sharp wave (1), which was followed by an A-B-C flat correction in wave (2) that nicely retested upper channel line as a support.
So, with current sharp and impulsive rally, watch out for a strong bullish continuation within wave (3) of a five-wave bullish cycle that can send the price back to March highs, especially if breaks base channel resistance line and 1000 bullish confirmation level.
CRYPTO TOTAL DEFI MARKET CAP BOUNCE OFF 200MA WEEKLY Hello, dear HODLers, especially DEFI HODLers!
This is **TOTALDEFI CRYPTOCAP** on the weekly timeframe. The 200MA has acted as support for 18 weeks, and this week has pushed the level to a new high compared to the last 18 weeks. If the current week closes at this level and confirms a new high, we may see new resistance levels being tested—but more on that when the time comes.
I strongly believe in DEFI, so my bias is very bullish. That said, I strive to provide unbiased information, so I recommend taking my analysis on this with a pinch of salt.
Tomorrow’s weekly close will bring more updates.
Stay safe and humble, and enjoy the weekend!
Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago
the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into.
Clear trend of lower high's and lower low's.
The trend has not been friendly to the Link Marines!
Are we repeating the tale of #XRP and their faithful army?
Both get dumped on by the their respective foundation or founding company.
Both claim Banks will use their products / software ...
Link does have #CCIP usage but it is not the only #interoperability solution.
We already have #RWA on the blockchain.. they are called #stablecoins.
Either this ratio is in danger of breaking down.
Which maybe signalling a broader #Altcoin market demand destroying period....
Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
Is Trump’s Presidency a Bigger Win for DeFi than Bitcoin? Were decentralized finance (DeFi) assets like Ethereum underestimated leading up to the election?
Ethereum is now outpacing Bitcoin following Donald Trump’s 2024 U.S. presidential win, with Ether (ETH) gaining 4% in the past 24 hours (and 14.1% in the past 5 days). Bitcoin on the other hand is down 0.4% in the past 24 hours)
Analysts suggest that the Republican administration’s expected support for DeFi will play a pivotal role in Ethereum’s growth.
Trump has signaled interest in policies that could nurture blockchain technology, encouraging legislative reform to promote DeFi innovation in the U.S.
Bitcoin may hold its status as a store of wealth (and even a potential alternative reserve for the US treasury), but Ethereum’s recent performance suggests it’s increasingly well-positioned to benefit from the changing policy environment.
AAVE getting the Trump pumpThe past 2 years
Anyone who's been following me for a while knows I have been and continue to be quite bullish on AAVE. My first large buy this cycle having been around $55 in 2022, with additional buys on the way up at $70 and $100. COINBASE:AAVEUSD has been carving out higher highs and higher lows for the good part of 2 years now. Then in July we got a nice bullish engulfing hammer setup off the $90 support level. That set the tone for continued bullishness and set up the next leg that has brought us to where we are at today, currently at $170.
Funnymentals
I am not a fundamentals guy but I think there's some points here that shouldn't be ignored if you're planning on holding this for longer than a short term trade. Aave has proven itself as the best, the largest, and the most trusted DeFi borrowing/lending platform around. As we've often seen with other tech leaders (e.g. Amazon, Google, etc), Aave which was already the largest platform by TVL and market share has only gotten larger and taken even more market share. This isn't by accident. Aave has an absolute superstar team that continues to deliver year after year, rain or shine, bull or bear. I don't see this changing anytime soon.
The Trump partnership
I'm using the term "partnership" very loosely since Aave is a money lego that anyone can build on, but it's important to note that this is the protocol the Trump team decided to build their front-end on. In addition to that, their respective communities are working together on token allocations, which is as close to a partnership as you'll find in the DeFi space.
The Trump pump
With pro-crypto candidates winning across U.S. on election night and Trump, the most pro crypto presidential candidate we've ever had, winning the presidency, this has set up a major tailwind for the crypto space and put a spotlight on Aave. It remains to be seen just how big of an impact this has in the long term, but I know I'm not going to fade it.
TA
Back to the chart technicals, as I said at the start of the post, AAVE has a nice long term bullish chart structure. The way I've been trading this is by having a core position based on the long term setup, and then trading around that core position anytime shorter term setups to present themselves. I've kept this trade simple by going from key level to key level and knowing where my invalidation levels are. The most recent being the $120 major support area. My 1st big price target which I've had marked for the last few years now, sits around around $450. That can change as we get new price action setups, but these are the parameters I'm trading with right now. In the meantime I'll continue watching the short and medium term for new setups to trade around my core position.
DreamAnalysis | REN Futures Key Triggers and Levels✨ Welcome to today’s analysis! Today, I’ll be reviewing REN and identifying crucial futures trading triggers for this coin. We’ll start with the daily timeframe and then move to the 4-hour timeframe for more detailed insights.
📅 Daily Timeframe Analysis
In the daily timeframe, REN has been in a prolonged downtrend since hitting resistance at $0.11457, a decline that has continued for almost 200 days. Currently, the price is at the $0.03268 support, which is the most critical level for this coin. Although this support is robust, repeated encounters with this level have gradually weakened it, having already been tested four times in this cycle.
🔽 If this support fails, the price may move to the next support level at $0.02839. This is the last major support, and a loss here would likely lead to sharp, deep drops on the chart.
🔼 If the price rebounds from support, the first long trigger will be a break above the trendline and $0.03924, followed by a second trigger at $0.04436. Both are risky triggers, so I rely on volume and RSI confirmation before entering positions. (While volume and RSI are essential in all trades, they are even more critical in higher-risk positions.)
📊 Currently, volume is stagnating, showing no clear momentum. If $0.03268 breaks, high selling volume will confirm the breakout; otherwise, it could likely be a false break. For a long position, a strong increase in buying volume is necessary to change the trend.
📈 The primary long trigger is a break above $0.05437, a significant support level for this coin, which can also serve as a spot buy trigger. An RSI break above 58.61 would indicate a bullish momentum. Spot targets include resistance levels at $0.08088 and $0.11457.
⏳ 4-Hour Timeframe Analysis
In this timeframe, we can refine the $0.03268 support to $0.03385, where a breakdown has already occurred, followed by a potential pullback. If the pullback confirms and the price sets a lower high, the support breakdown will be valid, setting $0.02839 as the next target.
📉 One noteworthy detail in this downtrend is that volume is decreasing; however, as today is Saturday, reduced volume is typical across markets, so it’s not necessarily a sign of weakness. Additionally, RSI is near the 30 mark, and a break below could introduce bearish momentum, pushing the price toward the next target if the pullback confirms.
📈 However, if this breakdown proves false and the price reenters the $0.03385 to $0.03963 box, it indicates that buyers have stepped in, pushing the price back up despite the support break. In that case, we can anticipate a bullish move, and a break above the $0.03963 resistance could be a long trigger. A riskier long trigger would be a break above the 50 line in RSI, along with a higher high in Dow Theory. All of these triggers will only be valid if the price reverses the downtrend and reenters the box.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Gala/USD weekly 50-100 sma cross bullish signalThe 50-100 cross is currently occuring for gala on the weekly timeframe. This is very bullish for the token because of the timeframe. RSI is nuetral around 47. Cross occured during downtrend and that downtrend in now clearly broken. A weekly close above the rising support will confirm this. Target is between 1.618 and 1.382 of previous high swing low.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
TGT - ThorwalletDEX - vultisig - banana!Even a child sees that there is a big banana in the making :)
Do some research and look up the tokenomics and the fundamentals behind the potential upcoming banana.
I don't set any short term targets for this token (before upcoming merge), but I predict success, and the chart suggest so.
#payment solutions
#revolutionary wallet
#native assets
The US ELECTION gives Wall St confidence and Bitcoin pumps.Satoshi 4 year cycle neatly intertwines the the USA #election cycle and the debt/interest rate cycle / The business cycle. To gives us predictable patterns of outperformance.
The months of November into Spring post halving is essentially the Banana zone.
Let's make the most of it ...
you should be allocated into you main core coins
and buying into strong #altcoins that are capturing the zeitgeist.
I believe #Solana is likely to outperform on their respective ratio
#Pulsechain may surprise people once #ETH closes in on the $4,000 mark
And #TitanX ecosystem to continue to flourish in a #DEFI resurgence. (TitanX is the best example of DEFI i have seen so far.)
VC coins may likely continue their relative underperformance as the collective crowd shuns the poor deals offered to us.
LRC Long -> 1.36$Long Position on LRC/USDT
We have entered a long position at the current price of 0.1348 USDT. Based on our chart analysis, we expect the price to soon reach the marked levels.
At each target, we suggest taking partial profits to secure gains and reduce risk.
Targets:
0.50 USDT – First target, take partial profits here.
0.80 USDT – Second target, take more profits.
1.40 USDT – Final target, exit the remaining position.
A stop-loss should be placed below the recent low to manage risk effectively.