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Technical Analysis

TradeCityPro | LPTUSDT Weekly Watchlist Coin👋 Welcome to TradeCityPro Channel! Let’s analyze our triggers before global markets open. It is expected that we might enter a range-bound market phase, experiencing both time and price corrections. 🌐 Overview Bitcoin Before our short analysis, let’s review Bitcoin: Unfortunately, Bitcoin did not break above 99079, which means the bullish momentum did not start. In my opinion, this will lead to an extended range-bound market, possibly lasting through the Christmas holidays. Bitcoin dominance is also trying to create a lower high compared to 61.1%, and it is currently without much movement. This indicates that the range is likely to continue. For now, I suggest avoiding new positions to protect your stop-losses for more critical levels. Instead, focus on learning, finding suitable coins, or engaging in DeFi activities because when the market moves, you won’t have time for these things. 📊 Weekly Timeframe In the weekly time frame, LPT is one of the coins that has created a higher low compared to the previous year. Its upward movement started in 2023, and currently, it is oscillating within its large weekly box, ranging from 9.14 to 22.189. Usually, cryptocurrencies show sharp movements after breaking out of their weekly accumulation or re-accumulation zones, making them worth the risk. Why Not Buy Within the Box? Personally, I do not buy within the box as part of my strategy because I don’t like to keep my funds idle for too long. I want to use my capital actively to generate profits, rather than having it tied up for a year in a coin that may not perform. Instead, I wait for buying momentum with a defined stop-loss. For your purchase, make sure not to miss the 22.189 breakout. After breaking this level, you can enter with a stop-loss at the bottom of the box and hold for the mid-term. If you already hold this coin, I recommend exiting if the weekly candle closes below 9.143. You can re-enter the box later, even though fewer coins may be acquired. This strategy helps you avoid long-term downtrends. Using Fibonacci based on the 2023 low, the coin’s correction reached 50% Fibonacci and Dow Theory. This demonstrates the critical nature of the 9.143 level as support, which will not be easily lost, Price targets based on Fibonacci levels - 37.632 - 55.317 - 90.262 - 168.239 (if 22.189 resistance is broken). 💡 BTC Pair Insight The BTC pair of LPT is within its weekly box and has fake-broken its support, returning to the range. The current weekly candle is closing green, indicating the possibility of moving toward the upper boundary. Confirmation comes with a break of 0.0002088 and RSI above 61.23. Due to the coin's low trading volume, we cannot analyze the lower time frames for this pair. Before buying, ensure a trigger exists in the BTC pair; otherwise, there are likely better coins available for investment. 📝 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
18
TradeCityPro | FLOKIUSDT How to Profit from Meme Coins?👋 Welcome to TradeCityPro Channel! Let’s delve into days where the market might go quiet due to Christmas and New Year, focusing more on educational topics and identifying potential triggers for future movements. 🌐 Overview Bitcoin Before starting the analysis, let’s, as always, take a quick look at our dear Bitcoin . It seems Bitcoin currently has no intention of letting go of its downward correction, and we are witnessing red candles. This is natural, as companies are closing their annual financial reports, making capital outflows logical. However, the major whales are still buying. Bitcoin dominance has finally registered a lower high on the daily time frame. At the same time, Bitcoin dominance is falling as Bitcoin itself prints red candles, indicating that more Bitcoin is being sold in the market. In any case, some money is leaving the crypto market. 📊 Weekly Timeframe In the weekly time frame, FLOKI, a trending meme coin in the crypto market, started its new primary trend after breaking the significant resistance level of 0.00004027. Following a 580% pump, it formed resistance at 0.0002794. Currently, this popular meme coin has been fluctuating in its 55% range box for around 300 days, with support at 0.00011068 and resistance at 0.00027948. If you purchased FLOKI at lower price levels, it’s recommended to withdraw your initial capital and effectively make this coin “free” for yourself while engaging in another project. If you’ve bought within the range box for any reason, after the weekly candle closes below the 0.00011068 support, it’s suggested to exit the position. Why I Avoid Buying in the Range Box ? As I’ve previously mentioned, I don’t buy within range boxes. I prefer not to tie up my capital in a coin or market that isn’t yet mature, even though we have capital and risk management strategies. For instance, during these 300 days, I could have invested in coins like SUI instead of FLOKI. For a new entry into FLOKI, the best trigger is after breaking 0.0002794. Once this level is broken and supported by sufficient trading volume, FLOKI could experience significant growth. Using Fibonacci retracement from its 2023 lows, FLOKI has already corrected to the 38% level. Upon breaking the top of the range box, it could potentially reach the following targets: - 0.0005055 - 0.0007638 - 0.001289 Unfortunately, there’s a widespread misconception about market cap among many individuals. For example, if a meme coin like FLOKI were to reach the level of Dogecoin or Shiba Inu, its market cap must be taken into account. For instance, if Shiba were to hit $1, its market cap would need to be $90 trillion—an unrealistic scenario, especially when the entire gold market cap is $17 trillion. This doesn’t mean the prices of such coins will never increase again, but those 10,000% returns are unlikely to return. Coins like FLOKI need to enhance their utility and add more features to achieve significant price growth, instead of being mere jokes or internet trends. If you’re chasing high returns, avoid coins ranked in the top 100 by market cap. Instead, explore coins ranked closer to 1000, even though they carry higher risks. In your portfolio, you can allocate 5-10% to riskier meme coins. As one friend put it, "A true meme coin can make profits even with $10 :)))))) 📝 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
5
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1
USD/JPY – Just One Step Away from a Drop!Dear Traders, After a notable rally late last week, USD/JPY appears to have lost its momentum. Observations suggest that Wave 5 has completed, paving the way for a potential corrective decline, which aligns perfectly with the classic wave structure. We can now anticipate a downward correction, likely targeting the 155.95 zone initially. Following this, we might see further bearish consolidation below this level, aiming for the liquidity area around 152.85, a region that buyers have yet to revisit, and is currently taking shape. Remember, this is just the starting point of our analysis journey. We will provide regular updates so you can stay informed and adjust your strategies accordingly. Stick to the plan and trade carefully!
Short
by Bentradegold
1
NQ Weekly and Longer term Bias (We were fire last week, check)hey guys just my weekly chart and levels going into the week. everyone expecting a santa rally, not so positive... i could see it mooning from here, don't get me wrong. im much more bullish this week than last now that we got some sort of correction (check last weeks analysis for real, read the chart and play the thing for the week, we cooked, hope you all did too, all 3). anyway a lot on there, i think it's downward, people buying the wrong dip in my opinion, much more liquidation to come. good luck
CME_MINI:NQ1!Short
by ajx1124
1
GOLD--> Just one step away from $2700Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices, with the precious metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,623, maintaining a stable position this week. The rebound in gold prices at the end of last week was supported by the weakening USD and a decline in U.S. Treasury yields. This was driven by the latest economic data, which revealed that U.S. inflation is slowing down, easing the pressure on gold prices. Personally, I, Ben, strongly believe that the upward trend for gold will gain more certainty in the coming period. However, gold must break through the current resistance levels to further expand its growth potential. On the other hand, if the price falls below the $2,620 support level, it could drop further to the dynamic support at $2,600. From there, we might expect the upward trend to resume, with potential targets at $2,650 and $2,700 in the foreseeable future. Stay sharp and trade wisely! Yours truly, Bentradegold.
OANDA:XAUUSDLong
by Bentradegold
1
TSM: Growth and Charts Align for 15%+ Target?Hey Realistic Traders, Will NYSE:TSM Create a New All-Time High? Let’s Dive In.... TSMC is the world’s largest contract chipmaker. Recent Earning Call reported whooping third quarter revenue of $759.69 billion, marking a YoY increase of 36.5%. The performance is beating the market forecast. Double Digit Revenue Growth is driven by demand for AI Chips especially with major client like NVIDIA & Apple and 3-nanometer &5 nanometer technology in Smartphones. TSMC Chief Financial Officer Huang Renzhao shared optimistic project for the company. TSMC expect Q4 quarterly revenue growth of approximately 13%, sligtly above the market the market expectation. Strong AI-Related demand predicted to persist for year, inlined with the company’s perfomance and expectation. The positive sentiment support our bullish call on NVIDIA. Technical Analysis On the daily timeframe, TSM has remained above the EMA200 line for over a year, maintaining its bullish trend. On August 5, 2024, TSM rebounded impulsively from the EMA200 line after completing an ABC correction pattern, signaling the start of a new bullish wave. The second and fourth corrective waves have retraced to the Fibonacci 0.382 and 0.618 golden ratios, respectively, aligning with Elliott Wave rules that typically indicate further upward movement. In addition to the Elliott Wave analysis, a breakout from a Descending Broadening Wedge pattern has been identified. Such breakouts often signal the continuation of the prevailing market trend. Therefore based on these technical analysis, I foresee a potential upward movement toward the first target at $217.85 or second target at 234.46 This outlook remains valid as long as the price holds above the stop-loss level at 177.95 Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Taiwan Semiconductor."
NYSE:TSMLong
by financialfreedomgoals101
GOLD → Short to Medium-Term OutlookDear Traders, Ben here! Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward. On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
OANDA:XAUUSDShort
by Bentradegold
2
USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben! Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting. Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout. Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37. Best regards, Bentradegold!
Short
by Bentradegold
3
SOLANA Bull Flag (UPDATE)The solana token move-UP has begun , I published a previous idea where I spotted the bull flag earlier, while building up. Previous idea here below, if you missed it. A near resistance level has just been broken to confirm that CRYPTOCAP:SOL is ready to push up on a parabolic run, despite bitcoin dumping. I am holding from GP price level. My hopeful target is $300 - $500 . CRYPTOCAP:SOL is expected to go back to previous high price. More update to follow as we go along Merry Christmas TRADENATION:SOLANA 🎄🎅 Comment if you agree. Like if you disagree
Long
by CryptonKidd
PNUTUSDT → Consolidating for a Potential Explosive RallyBINANCE:PNUTUSDT following a sharp decline, PNUT is showing signs of a powerful comeback. The chart reveals a classic reversal pattern, indicating the potential for a bullish surge. While Bitcoin remains flat, PNUT is taking center stage with a double bottom formation, signaling strength and an entry into the rally phase. The next big challenge? The resistance zone at 0.75. Breaking above this level and solidifying support could be the launchpad for an impressive ascent. Primary target is 1.0, next targets are 1.15, 1.35.
Long
by Bentradegold
XAUUSD For incoming weekXAUUSD is currently taking a breather after the sharp downward push caused by the FOMC. Personally, I believe it will end up closing the candle that initiated the move after the FOMC, around 2636.80, where I’ve marked the respective order block, to absorb all the liquidity generated during its decline, before resuming its bearish trend. Remember that nothing is certain in the financial markets, and this is just my personal analysis. Keep in mind that the price could still rise further to take more liquidity (Everything is up in the air depending on what happens next). Let me know your thoughts in the comments!!
FOREXCOM:XAUUSD
by ScoccaMarco_
GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here! Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month. The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025. According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened. Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation. From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area. Sincerely, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold