TradeCityPro | EGLD: Navigating MultiversX's Market Dynamics👋 Welcome to TradeCityPro!
In this analysis, I want to examine the EGLD coin for you. This coin is part of the MultiversX project, which is a Layer 1 blockchain active in the fields of DeFi and the metaverse.
📅 Weekly Time Frame
In the weekly timeframe, we are observing a bearish trend that began after the 2021 bull run. After the price reached its all-time high (ATH) at 429.83, the market's downward phase started.
🔍 Currently, the price is near a crucial support at 22.23, and in this candlestick, it's closing below this level for the first time after several attempts. This area also serves as the base of the consolidation zone, and for us to maintain hope for an uptrend, the price should not settle below this level, because then there is no significant support until 7.46.
🔑 There's a hidden trend line in the chart that used to act as resistance and is now serving as support, preventing further price drops in this candlestick.
📊 The market's selling volume is increasing, indicating a greater inclination for further declines. The RSI has recently broken below 50, introducing bearish momentum into the market.
📈 If buying volume re-enters the market and the price can return above the consolidation box, and if it breaks above the box's upper boundary, the price could begin an uptrend. In such a scenario, the primary resistance levels will be 125.86, 197.30, and 429.83.
⏳ 4-Hour Time Frame
🧩 In the daily timeframe, I didn't see anything special, so I'm moving directly to the 4-hour timeframe to identify potential futures triggers.
✨ As seen, in the last bearish leg, the price moved to a support at 20.72, forming a base there, and is currently correcting from this trend. If the support at 20.72 breaks, we could witness the next downward leg.
📉 The target for this downward movement could be around the Fibonacci extension 1 area, which is located approximately at 16.34. The RSI entering the Overbuy zone could increase the likelihood of reaching this target.
🔼 For a long position, the first trigger would be 24.63, but given the bearish momentum currently seen in the market, it would be prudent to wait until the price reaches and goes above the SMA99. If the price remains above this average, the bearish momentum may decrease, making it logical to open a long position. The significant resistances in this long position would be 26.71 and 29.83.A breakout of 43.88 in the RSI could serve as a momentum entry confirmation for this 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! ❤️
Cryptomarket
$BTC BITCOIN TRADERS EYE ‘HUGE’ US JOBS DATA AS BTC RISKS $95K BITCOIN TRADERS EYE ‘HUGE’ US JOBS DATA AS BTC RISKS $95K DIP
1/7
Bitcoin is hovering around GETTEX:97K , after dropping 3.5% yesterday. 🚀📉
Now, all eyes are on the upcoming US January jobs report—could it ignite the next major BTC move?
2/7
Prediction markets signal a 28% chance of a “huge beat” (300K+ jobs) vs. Wall Street’s 169K forecast. 📊
A stronger-than-expected jobs print might fuel more Fed hawkishness, pressuring risk assets like BTC.
3/7
Market Sentiment: If job numbers soar, the Fed could keep rates higher for longer. ⬆️🏦
CME’s FedWatch Tool shows a 14.5% chance for a 0.25% cut in March, meaning rate reductions are still unlikely.
4/7
Price & Liquidity: BTC sits in a narrow trading range. 💹
Traders see liquidity around $95K—we could dip there before another leg up.
5/7
BTC is “pinned” until a catalyst—like the jobs data—sparks real volatility. ⚡️
Will an oversized payroll number push BTC toward $95K or trigger a surprise bounce?
6/7 Where do you see BTC heading after the jobs data drop?
1️⃣ Dip to $95K
2️⃣ Sideways chop
3️⃣ Break above $100K
4️⃣ Something else?
Vote below! 👇🗳️
7/7
With strong job numbers, the Fed might keep its foot on the brake 🏁, challenging $BTC. But if the data disappoints, a relief rally could be on the table. Keep your risk management in check!
ENA/USDT LONG TERM🚀 Position: Long ENA/USDT
🎯 Strategy: Buy the Dip, Sell the Peak!
📈 Entry Targets:
Buy at 0.52 USDT (Initial Entry)
Accumulate at 0.39 USDT (Support Level)
💰 Take Profit Targets (Based on Fibonacci Levels):
TP1: 2.5 USDT
TP2: 3.88 USDT
TP3: 7.1 USDT Very risky... consider it as a top peak bonus.
🎢 Market Overview:
We aim to catch the retracement dip at strong support and ride the recovery towards Fibonacci extension levels.
⚠️ Risk Management:
Stop-Loss: Place your stop below 0.35 USDT for capital protection.
Adjust your take profit levels to secure gains as the price climbs.
📌 Reminder: "Buy the dip, sell the peak!" Stay disciplined and avoid chasing the pump.
XRP Is Warming Up Will This Breakout Ignite a Rally ?XRP is currently trading at 2.30, moving within a descending channel formation. This pattern is typically bullish, suggesting that a breakout may occur soon. The price has been respecting the channel boundaries, making lower highs and lower lows, but momentum is showing signs of potential reversal.
A critical support level lies at 2.25, where buyers may step in to prevent further downside. If this level holds and the price forms a bullish candlestick pattern, such as an engulfing candle or strong green close, it could indicate the start of an upward move. On the upside, the key breakout level is at 2.42, where a decisive 1H candle close above this level would confirm bullish momentum.
Using Fibonacci retracement from the recent high of 2.70 to the swing low of 2.25, important levels align with structural resistance. The 0.382 retracement around 2.40 to 2.42 coincides with the upper boundary of the descending channel, making it the first confirmation zone. The 0.5 level at 2.48 is a mid-range resistance, while the 0.618 level at 2.55 to 2.57 serves as a strong bullish target if the breakout occurs. Additionally, the 1H 50 EMA is positioned near 2.35 to 2.38, acting as dynamic resistance that, once reclaimed, would further validate the bullish move.
Momentum indicators suggest that the market is at a crucial juncture. The RSI is currently below 50, indicating weak momentum, but if it moves above 55 to 60, it would confirm a shift in trend strength. Volume has been decreasing, which often precedes a breakout, meaning a sudden surge in volume above 2.40 would validate buyer interest and increase the probability of a sustained upward move.
For a trade setup, the ideal long entry would be upon confirmation of a bullish candlestick pattern, especially if accompanied by a breakout above 2.42. The first target would be 2.48, aligning with the Fibonacci 0.5 level, followed by 2.55 to 2.60, where further confirmation of bullish momentum is expected. A stop-loss should be placed below 2.25 to mitigate the risk of fakeouts and potential downside continuation.
If the price successfully breaks above 2.42 and sustains momentum, it could lead to a rally toward 2.60 and beyond. However, if support at 2.25 fails, the price could retrace further toward 2.20 to 2.15 before finding stability. It is crucial to wait for a proper breakout confirmation before entering a trade to avoid unnecessary risks.
SOL/USDT Bullish Breakout Loading ? Key Levels & Confluence SOL/USDT Technical Analysis
Price Action & Key Levels
Price is consolidating inside a descending channel, typically a bullish pattern if broken to the upside.
Key breakout level
$195–$196 aligned with Fib 0.382 and trendline resistance.
Critical support: $186 lower channel boundary.
First bullish confirmation
A close above $198 (1H 50 EMA + Fib 0.5).
Target levels
First target: $202–$203 (Fib 0.618).
Second target: $210+ (previous high).
Stop-loss placement : Below $186 to avoid fakeouts.
RSI Analysis
If RSI is currently below 50, it suggests weak momentum, meaning price could still consolidate before a breakout.
If RSI crosses above 55–60, it confirms bullish momentum supporting a breakout.
A hidden bullish divergence (higher low in RSI while price makes a lower low) would strengthen the case for upside movement.
Volume Analysis
Breakout needs strong volume confirmation. If price moves above $195 with low volume, it could be a fakeout.
If volume spikes on a breakout, it signals institutional participation, increasing the likelihood of a sustained move.
Decreasing volume inside the channel is a good sign this indicates sellers are getting exhausted before an upward breakout.
Bitcoin (BTC) – Technical Analysis & Key LevelsCurrent Market Status:
Price: Trading near $97,000, below the $98,000–$100,000 resistance zone.
Weekend Movement: Recovered 10% of losses, but some gains have been retraced.
Directional Bias: Neutral, as BTC consolidates under key resistance.
Key Levels to Watch
Upside Targets (If BTC Reclaims $100K as Support)
$103,000–$108,000 → Next resistance zone, a breakout above this could trigger further upside.
$115,000+ → Potential medium-term target if bullish momentum strengthens.
Downside Support Levels (If BTC Fails to Hold 97K–$100K Zone)
$91,000–$95,000 → Immediate support range, likely to attract buyers.
$85,000–$87,500 → Stronger support in case of deeper correction.
Market Outlook & Trading Strategy
Bullish Scenario:
A confirmed breakout above $100,000 would shift momentum toward $103,000–$108,000.
Sustained price action above $100K would indicate strength, supporting further rally potential.
Bearish Scenario:
If BTC fails to hold current levels, expect a pullback to $91,000–$95,000.
A break below $91K could expose BTC to $85,000–$87,500 support levels.
Final Thoughts
BTC remains at a critical juncture, with $100K acting as a key decision point. Traders should monitor price action closely for confirmation of either a breakout (bullish) or a rejection leading to further downside (bearish) before positioning for the next major move.
Resistance at 1.3T: Is a Deeper Crypto Correction Coming?The long-awaited Trump inauguration, which was expected to trigger an altcoin season, had the exact opposite effect. This once again proves that when the majority of market participants expect one outcome, the market often does the opposite.
After several days of testing support, the "tax policy" announcement triggered a breakdown below the 1.3T level, causing Total 3 to drop around 30% to 1T.
The market is now experiencing a normal rebound, but I am not very optimistic in the medium term.
Technically, 1.3T has now turned into strong resistance. In my opinion, after this rebound, a new leg down is likely.
I expect a drop below 1T, potentially reaching around 900B in the near future.
ATOM WEEKLY PART I The ATOM weekly chart is exciting. Every time the Stoch RSI oscillator is about to make a bullish cross but gets rejected, the price drops by at least 40%—this has happened the last two times.
However, the first time this fake cross occurred, the price increased by 68% before dropping by 74%.
Considering that on February 3, we saw a high-volume rejection from $3.7 (a 34% drop), I believe there is still room for the price to go lower, possibly even below $3.7.
If you flip the chart, it looks like it could reach around $3.2.
Ethereum - We Will See This Breakout!Ethereum ( CRYPTO:ETHUSD ) is ready to catch up:
Click chart above to see the detailed analysis👆🏻
For the past couple of months, Ethereum has been retesting the previous all time high resistance and was actually not able to break it. However, following the rising channel pattern, the bullish break and retest and price action, the breakout is about to happen.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
BTC/USD Daily Buy the 100 SMA BTC is about to meet a major rising trend line that is converging with the 100 sma on the daily chart. This is where I am expecting the price to reverse. I think the current price is a discount that wont last much longer. Once we meet the trend line and the 100 sma, there might be more fireworks. Keep an eye on this.
Not financial advice, do your own dd.
Thanks for viewing the idea.
Bitcoin is at a decision point.I would not be surprised if Bitcoin started correction waves from the Fibonacci 1.618 point.
RSI also looks weak.
Less likely, correction waves may begin after Fibonacci rises to 2.618 levels.
Harmonic patterns often target Fibonacci 1.618 levels.
Trump has had a major impact on the world economy and politics recently. This impact has also affected the crypto markets. Therefore, it makes sense to revise our analysis.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
QTUM ANALYSIS🚀#QTUM Analysis :
🔮As we can see in the chart of #QTUM that after consolidation there was a huge bullish move. Right now we could see #QTUM is trading around its major resistance zone. After the breakout we would see a good bullish move
⚡️What to do ?
👀Keep an eye on #QTUM price action. We can trade according to the chart and make some profits⚡️⚡️
#QTUM #Cryptocurrency #TechnicalAnalysis #DYOR
TradeCityPro | EOS: Navigating the Downtrend & Key Support Level👋 Welcome to TradeCity Pro!
In this analysis, I will review the EOS coin. This project is one of the Web3 initiatives and currently holds the 76th position in market capitalization with a market cap of $941 million.
📅 Weekly Timeframe
In this timeframe, EOS is clearly in a descending channel, showing a significant divergence from Bitcoin’s trend. While Bitcoin has reached new all-time highs and continues forming higher highs, EOS remains in a long-term downtrend, printing lower lows within the channel.
🔍Following Bitcoin's breakout above 70,000, EOS rebounded from its 0.4143 low with strong buying volume, breaking the channel’s upper boundary. However, it faced rejection at the 1.31002 trigger level and has since retraced to 0.5514 as Bitcoin enters a consolidation phase.
✨ The 0.5514 zone overlaps with the channel’s midline, forming a Potential Reversal Zone (PRZ) that could temporarily prevent further decline. However, with increasing selling volume, EOS might continue lower after some ranging, potentially testing the channel’s bottom. The main support stands at 0.4143, though dynamic supports could provide better stability.
🔼 On the flip side, if EOS holds above 0.4143 and forms a higher low, there’s a possibility of trend reversal. The first real confirmation of a trend change would be breaking 1.31002, but the key level for confirming a shift to bullish momentum is 1.8695. Until that level is broken, the overall trend remains bearish. If a reversal occurs, the primary resistance would be at 6.5875.
💥 RSI currently lacks a clear trigger for momentum shifts, but entering overbought or oversold regions could serve as signals.
📅 Daily Timeframe
On the daily chart, EOS continues its corrective phase. After losing the Fibonacci support at 0.7599, the price has declined to 0.5959.
⚡️ This level overlaps with the 0.707 Fibonacci retracement, making it a critical support area that could prevent further downside. Right now, waiting for a new market structure is crucial for identifying better trade triggers.
🔽 For a short position, the first trigger is 0.5959, while a more secure entry would be below 0.5334, which coincides with the 0.786 Fibonacci level. If this area breaks, the price could fall to 0.4150.
✔️ For a long position, no strong trigger is available yet. A more conservative approach would be to wait for a higher high or a breakout above 0.7599 before entering with momentum.
🧩 RSI is nearing the 30 support zone, and if it breaks lower, it would confirm increasing bearish momentum. For a long position, breaking above 50 on RSI would indicate a bullish shift.
⌛️ 4-Hour Timeframe
Moving to the 4-hour chart, we can pinpoint intraday triggers for futures trading. A minor high and low have formed, providing potential riskier trade setups.
📈 For a long position, the first trigger is 0.6460, a high-risk entry as it aligns with the 0.382 Fibonacci retracement. If broken, the price could extend to the 0.1618 Fibonacci level, with a target at 0.7188.
💫 Key resistances for futures trades are at 0.8193 and 0.9374. Reaching these targets would be more likely if RSI surpasses 44.73 and approaches the overbought zone.
🕯 Currently, market volume is decreasing during this corrective phase, indicating volume convergence with the downtrend. A break below 0.5806 could trigger a short entry, with RSI entering the oversold zone, confirming further bearish momentum. Targets for this short position would align with support levels from the daily and weekly timeframes.
📝 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! ❤️
Bitcoin Reversal? Demand Zone Holding Strong!
BTCUSD has shown a strong reaction to the Demand Zone, indicating potential bottom formation. The price has tested this level multiple times, suggesting institutional interest and a possible bullish reversal.
🔹 1.272 | Conservative Takeprofit → 116,847.33 USD (+19%)
🔹 1.618 | Most common Takeprofit after retracement → 123,783.73 USD (+26%)
🔹 2 | Strong uptrend Takeprofit → 133,358.11 USD (+36%)
With a favorable risk-to-reward setup, Bitcoin could be positioned for a significant upward move. Will BTC reach these Fibonacci targets? 📈
What’s your view on this setup? Drop your thoughts in the comments! 👇
Ethereum’s Tailwind: How Deregulation Could Fuel the Next RallyCrypto deregulation is gaining momentum and would remove structural barriers for institutional adoption, increasing Ethereum’s appeal as the dominant settlement layer for decentralised finance, tokenised assets, and smart contract applications—driving higher network activity, demand for ETH, and long-term value accrual. Here are some recent developments:
SEC Scaling Back Enforcement: The U.S. Securities and Exchange Commission (SEC) is reportedly scaling back its crypto enforcement unit, with some staff being reassigned within the agency. This move is seen as part of a broader shift towards deregulation under the current administration, led by President Donald Trump. This news was highlighted in multiple sources including The New York Times
Legislative Efforts: There's an initiative in Congress to form a cryptocurrency working group aimed at developing a regulatory framework that favors the growth of digital assets. This was mentioned in a Reuters article where Representative French Hill, a Republican and chair of the House Financial Services Committee, discussed new legislation that would provide "clarity for a regulatory framework."
Stablecoin Legislation: There's a push for stablecoin regulation, with mentions of a bill introduced by Senator Bill Hagerty (R-Tenn.) focusing on creating a clear regulatory path for stablecoins. This has been discussed by David Sacks, U.S. President Donald Trump's AI and Crypto Czar, along with Republican lawmakers.
Executive Actions: President Trump has signed executive orders aimed at promoting crypto growth and reducing regulatory overreach on digital assets. Posts on X have echoed these actions, indicating a significant shift in U.S. policy towards cryptocurrencies.
Global Influence: There are indications that global perspectives on cryptocurrency regulation are shifting, with countries like Japan planning to review their crypto tax laws by June 2025, and India reportedly reconsidering its stance on cryptocurrency due to these U.S. developments, according to India Today and Coinpedia.
Trump's World Liberty Finance Holding Ethereum: World Liberty Financial (WLFI), a decentralized finance platform linked to Donald Trump and his family, accumulated a significant holding of Ethereum (ETH).
BTC/USDT at a Make or Break Moment Analysis Bitcoin is currently forming an inverse cup and handle pattern on the hourly timeframe, signaling potential bearish continuation. The price is testing the neckline support around 96,480 USDT, and a confirmed breakdown below this level could trigger further downside momentum. However, the most critical support level to watch is 92,000 USDTit is essential for Bitcoin to hold this level to maintain any bullish momentum. If BTC closes below 92K, we can expect further declines, possibly towards 88,500–89,000 USDT or even lower. On the upside, 97,500 USDT remains a key resistance, and only a sustained recovery above this level would invalidate the bearish structure. For now, all eyes are on the 92K support zone, as losing this level could lead to a deeper correction in the market.
DXY on the verge of a bearish reversal - The Trump EffectDXY has finally started to give bearish indications from HTF monthly supply and i think history is likely to repeat itself here, similar to trumps last term, where he wanted to weaken the dollar and is wanting to do the same again this term! With this in mind, the technicals are also aligning with this thesis as DXY looks more and more topped out as it hits crucial key levels and supply, giving breakdowns from the daily timeframes.
Its gave a 1,2 and 3 day bearish MS, confirming the monthly supply with this bearish breakdown. From here I want to see continued downside momentum into a weekly bearish MS as marked up on the chart with a body close below this level to really give HTF confirmation of this HTF reversal from supply, leading to a full bearish reversal in DXY and a changed macro outlook as EU, GU, AU all flip bullish on their HTF, fuelling a continued bullish phase in BTC as DXY breaks down with their inverse correlation they hold.
Id expect to see DXY target the SSL on the HTF range lows and come into HTF 6 month and 1 year demand ranges below this to act as key HTF reversal levels in the future. If we see the 1 weak bearish structure flip in DXY from here, its likely we start a new HTF downtrend in DXY for the foreseeable until it hits the SSL on the range lows as a minimum, which will result in a positive outlook for crypto.
Trump has also publicly stated he wants to weaken the dollar and did so in his last term too, where the dollar pulled a HTF bearish reversal putting in the high and starting a bear trend for the following 400 days after his entrance to office as you can see on the chart. This only supports the HTF bearish reversal and thesis here and what im seeing on the charts!
Weakening of the dollar results in many benefits to the USA and global economy:
Trump's push for a weaker dollar boosts U.S. exports, reduces the trade deficit, and makes debt easier to manage by inflating it away. It also drives stock market growth and attracts foreign investment into U.S. assets. However, it risks higher inflation and weaker purchasing power.
For crypto, a weaker dollar is typically bullish—investors seek alternative stores of value like Bitcoin and gold to hedge against currency devaluation. A falling USD also fuels liquidity into risk assets, driving higher speculation in crypto markets. If Trump weakens the dollar aggressively, BTC and alts could see significant upside.