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Technical Analysis

TradeCityPro | CELRUSDT Coins that are still sleeping!👋 Welcome to TradeCityPro Channel! Let's go together and analyze the coin market in these days of low volume in a brief and single time frame 🌐 Overview Bitcoin Before starting the analysis, as always, we will take a look at Bitcoin. In the one-hour time frame, we had a rejection from the resistance of 99443 in the one-hour time frame. Of course, the market did not trigger before that and was simply breaking the predetermined resistance with low volume and we had no reason to take a position. But after being rejected from 99443, we had a move towards 95445. These fluctuating movements are normal in a market that does not have volume and it is simply recommended that you do not trade for now or, if you do trade, at least do it in your sub-account or do it with less risk. 📅 Weekly Timeframe In the weekly time frame, we see the celr coin, which is in its 950-day weekly box and after rising from the bottom of the box 0.01024 has moved towards 0.03372 and has been rejected by this resistance for now. Now I want to talk a little about why we enter the spot market after momentum enters and when resistance or trigger fails. The most important reason is that we should not be afraid of money and this will cause our money and capital to be trapped in this coin for a long time when we buy inside the box. A market like the crypto market, which is not yet mature and has a low capital volume and is subject to continuous hacks, is not a market where we can let our money be trapped for 3 years and nothing happens. On the other hand, we make our purchases when momentum has formed and our triggers have been activated, which allows us to either take a stop loss or take a profit. Also, if you are holding this coin, I suggest that if the weekly candle closes below 0.01024, it is better to buy the coins. Sell ​​yourself and get cash because it will have the risk of a sharp drop If you like to buy this coin, wait and make your purchase after 0.03372 and place a suitable stop loss of 0.01581 or 0.01024 Now you may be wondering why we should wait and buy 50% higher? Because of this reason, the volume and money have not yet entered this chart and for now it will confirm after the 0.03372 break and if you buy now it is likely to suffer again but on the other hand you do not have the capital to buy, for example, the sui coin and you will lose its profits. Also be careful that after the 0.03372 break you are opening a position to buy spot, the weekly box break, so the 4-hour stop loss is meaningless and it will throw you out of this coin in the fluctuations, so buy with a reasonable stop loss so that you can follow the main trend of this coin after the momentum enters. 📝 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! ❤️
by tradecitypro
14
[INTRADAY] #BANKNIFTY PE & CE Levels(26/12/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 51450 level. After opening it will face resistance at this level and expected downside from this level. Strong upside rally only expected if banknifty starts trading and sustain above 51550 level. Also, Major downside expected below 50950 level. Currently banknifty trading in between the zone of 51050-51450 level. Any major directional rally only expected after breakout this zone.
NSE:BANKNIFTY
by TradZoo
GOLD → One final step remains before a drop. The target is 2587.Hello, dear friends! Let’s discuss and strategize today's gold trading opportunities with Ben! As predicted yesterday, gold prices dropped to $2,608, delivering a profit of approximately 200 pips. This decline was driven by pressure from Wall Street’s underperformance, which bolstered the strength of the US Dollar and Treasury yields. Investors are now eagerly awaiting clearer signals about the Federal Reserve’s monetary policy for 2025. In reaction to these developments, the US Dollar Index rose by 0.4%, hovering near its highest level in over two years. This diminished gold's appeal for holders of other currencies. Additionally, the yield on 10-year US Treasury bonds increased, adding further weight to gold prices. Looking ahead, the market remains focused on the outcomes of last week's Federal Open Market Committee (FOMC) meeting. A more gradual rate hike trajectory for 2025 is currently under discussion, with speculation that the Federal Reserve may pause interest rate changes in January or March. From a theoretical perspective, in the face of a strong US Dollar, gold has limited upside potential. If sellers maintain resistance below $2,620 and push to break the support level, the pair could target $2,587 in the medium term. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
TradeCityPro | MATIC(POL) Fresh Look at MATIC During Christmas👋 Welcome to TradeCityPro Channel! Let’s analyze POL, formerly known as MATIC, due to your frequent requests. 😊 🌐 Overview Bitcoin Before starting, let’s take a look at Bitcoin. In the 1-hour timeframe, it is currently fluctuating below the 98807 resistance. This resistance has been tested multiple times, indicating a high probability of breaking through. It seems likely that Bitcoin dominance will increase along with this potential upward movement. Therefore, it might be better to either Open a position on Bitcoin itself, Look for altcoins that show a bullish trend against Bitcoin and take triggers to open positions, Just make sure to watch out for Bitcoin’s low volume. 📅 Weekly Timeframe MATIC, which once ranked well in the market, is now underperforming. The repeated blockchain hacks have caused significant damage to its ecosystem, leading to the rebranding from MATIC to POL. MATIC could have remained among the top 10 coins, but poor project management caused DeFi activities and TVL to shift to platforms like Solana, SUI, and Base. Personally, I wouldn’t consider buying MATIC unless its DeFi ecosystem becomes active again. For those interested in purchasing, buying above 0.7629 could be an option, but only if the volume increases for both the coin and its chain. If you have been holding MATIC for some time, I suggest selling below 0.3636 in the weekly timeframe. On lower timeframes, I can suggest other exit points. Alternatively, you can use DeFi platforms to create USDT liquidity using borrow & lend mechanisms. Note that MATIC faked the 0.3636 support and rebounded with a bullish engulfing candle, creating a new upward move. Personally, I might become interested in this coin after 1.2457. 🌞 Daily Timeframe After bouncing from 0.2922, MATIC had a solid upward movement. However, most coins experienced similar trends, so it cannot be said that MATIC outperformed. If the price doesn’t drop below 0.4738, it can be considered a sign of gradual recovery. This level is significant both from a Dow Theory and Fibonacci perspective. If 0.5794 resistance isn’t broken and the price gets rejected, there is a high probability of losing the 0.4738 support. I recommend selling your holdings if the 0.4738 level breaks and you have purchased at higher levels. However, if your entry was at 0.3623 or lower, you can continue holding and exit risk-free. ⏰ 4-Hour Timeframe MATIC is currently stuck below the 0.5316 resistance and fluctuates within the range of 0.4654 to 0.5316. 📈 Long Position Trigger I would personally avoid this coin due to its low volume. However, after breaking 0.5316, you can open a risky long position if you’re comfortable with the risk. I’d still prefer to long Bitcoin instead. 📉 Short Position Trigger given the weak condition of this coin, you can consider opening a short position below 0.4654. Keep in mind that your short trades should have quick profit-taking and small stop-losses to exit the market efficiently. 📝 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! ❤️
COINBASE:MATICUSD
by tradecitypro
21
BNB/USDT - (25-12-2024) G-Money's short version analysis basedBNB/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only BNB/USDT still possible that is going return to the Enter level ... It is not too late to enter at the right time... What do you think? Comment and share your thoughts please! Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;) I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money... PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it. Merry Christmas to ALL !
Long
by G-money2022
XRP/USDT25-12-2024 G-Money's short version technical analysisXRP/USDT 2H G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only XRP/USDT still kinda on the watchlist waiting for a signal to enter trade. Some early/partial entries are done as well already. Still waiting for crossing & closing candle over "entry" level... What do you think? Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;) I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money... ;) Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $... PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it. This Technical analysis is my Christmas "Present" for You ! Merry Christmas to ALL !
Long
by G-money2022
TradeCityPro | RONUSDT Possible Market Movement During Christmas👋 Welcome to TradeCityPro Channel! Let’s examine another coin at the end of 2024, analyze its triggers, and set alarms to stay alert before the market moves. 🌐 Overview Bitcoin As always, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe. Today, we had a good upward wave toward the 99079 resistance with strong volume, but the 1-hour candle got rejected, emphasizing the importance of this resistance. As long as we stay above 96403, I will try to go long after breaking 99079 to follow the potential upward trend with lower risk. If Bitcoin dominance also turns red, I’ll use the 99079 trigger as a confirmation for altcoin trades. 📅 Weekly Timeframe On the weekly timeframe, RONUSDT is one of the bullish coins in the market. It performed well in 2023, climbing from a low of 0.405 to a peak of 4.264 with strong green candles. After forming this peak, it started its correction, and after touching 1.434, it created a support level. It briefly dipped below it, rebounded, and moved to the 2.305 resistance, which highlighted the importance of this level. The higher low for 2024 at 1.434, which coincides with the 0.382 Fibonacci level, suggests that if it breaks its peak at 4.264, we could target - 6.548 - 9.37 - 15.64 If you are holding this coin, I suggest taking profits and removing your initial capital. If the weekly candle closes below 1.434, sell your holdings. For those who don’t hold, 2.305 and 4.265 are great triggers. 🌞 Daily Timeframe On the daily timeframe, after being rejected from the 2.354 resistance (the top of the range), it returned to the midline, where it created a good candle and bounced upward. If it moves toward 2.354, it may create a higher low. After breaking 2.354, if you missed the entry, you can make a riskier buy based on the current low being formed and hold for the mid-term. If you entered inside the range due to FOMO, I suggest exiting if the 1.353 support breaks. Don’t hold onto a coin emotionally. ⏰ 4-Hour Timeframe On the 4-hour timeframe, we’ve finally formed a structure, and early triggers for movement can be identified. This setup is worth risking one stop-loss attempt. 📈 Long Position Trigger after breaking 2.074, enter early with confirmation from volume increase, RSI breakout, and overbought conditions. 📉 Short Position Trigger while I’m not focused on these, if a lower high forms or we get rejected at 2.074, the 1.827 trigger becomes significant for a risky short position. Remember to secure quick profits. 📝 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
17