👋 Welcome to TradeCity Pro!
In this analysis, I want to review PI, which has been highly requested in the comments. This project was one of the oldest crypto airdrops, and its coin has finally been launched. Now, I want to analyze it for you.
✨ This coin doesn’t have much chart history, so I will analyze it using the 4-hour and 1-hour timeframes.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, as you can see, after the launch of this coin, we saw a massive bullish leg, moving from $0.6498 to $2.9304. Currently, the price is undergoing a correction phase.
📊 Volume initially surged during the launch, which is expected, but it has been decreasing during the correction. RSI is also near the 56.08 trigger, and if this level is broken, strong momentum could enter the market.
🔼 The correction has continued to the 0.382 Fibonacci level, and it seems that a range has formed between the 0.382 and 0.236 Fibonacci retracement levels. If the top of this range is broken, we can enter a long position.
📉 If the correction continues, the next important levels are 0.5, 0.618, and 0.786 Fibonacci retracement levels, and we have to see which level the price reacts to.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, we can see price movements in more detail.
🧲 As you can see, after the price hit the $1.6342 low, it has been forming a bullish structure and has now reached the $1.9807 level.
📈 If this level is broken, we can enter a long position. The next resistance level is $2.3479.
💥 The RSI oscillator is in a sensitive zone, and as long as it stays above the 50 level, market momentum remains bullish. However, if $1.8770 is broken, we can enter a short position.
📝 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! ❤️
In this analysis, I want to review PI, which has been highly requested in the comments. This project was one of the oldest crypto airdrops, and its coin has finally been launched. Now, I want to analyze it for you.
✨ This coin doesn’t have much chart history, so I will analyze it using the 4-hour and 1-hour timeframes.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, as you can see, after the launch of this coin, we saw a massive bullish leg, moving from $0.6498 to $2.9304. Currently, the price is undergoing a correction phase.
📊 Volume initially surged during the launch, which is expected, but it has been decreasing during the correction. RSI is also near the 56.08 trigger, and if this level is broken, strong momentum could enter the market.
🔼 The correction has continued to the 0.382 Fibonacci level, and it seems that a range has formed between the 0.382 and 0.236 Fibonacci retracement levels. If the top of this range is broken, we can enter a long position.
📉 If the correction continues, the next important levels are 0.5, 0.618, and 0.786 Fibonacci retracement levels, and we have to see which level the price reacts to.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, we can see price movements in more detail.
🧲 As you can see, after the price hit the $1.6342 low, it has been forming a bullish structure and has now reached the $1.9807 level.
📈 If this level is broken, we can enter a long position. The next resistance level is $2.3479.
💥 The RSI oscillator is in a sensitive zone, and as long as it stays above the 50 level, market momentum remains bullish. However, if $1.8770 is broken, we can enter a short position.
📝 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! ❤️
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.