This #1 Chart Pattern Will Help YouI was trying to buy the break out in natural gas
about 2 weeks
ago, and then it crashed
and then bounced back up..
the volatility in the futures markets is insane
Also the lack of liquidity can be a challenge
Now if you look at this chart you
will notice this candle stick chart patterns
its called the piercing pattern
now this pattern is basically
when the green bar- opens below
the previous "wall of sellers"
and then closes above the last close
this is a bullish pattern, which I learned from
reading Steve Nisson's Book
on candlestick charting.
Also if you combine this technical analysis with
the rocket booster strategy
you will
get to see the full picture
of this price action going up
if you want to learn more about the rocket
booster strategy check out the resources below.
Rocket boost this content to learn more.
Disclaimer: Trading is risky you
will lose money so please learn risk management
and profit-taking strategies
also, use a simulation trading tool before
you trade with real money
Tradingview
TradeCityPro | APEUSDT Calm in the NFT Market👋 Welcome to TradeCityPro Channel!
Let’s analyze one of the most well-known coins in the NFT space, which instantly reminds us of the NFT market whenever mentioned.
🌐 Overview Bitcoin
As usual, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe, where it seems the 92722 support has been faked. On the 4-hour timeframe, a good engulfing candle is forming near the year-end, which could be a positive sign.
Today's daily candle is very important. If it closes with good volume, we might consider a risky entry while keeping an eye on the market. If Bitcoin dominance rises, we might see Bitcoin's upward movement toward 115K, and if dominance falls, the altcoin market could offer better opportunities!
📊 Weekly Timeframe
In the weekly timeframe, we can see APE has risen from its last support at 0.557, finally showing signs of life and activity, which is promising for the NFT market, although more active projects like BLUR exist.
After being rejected from 1.883, the resistance level shifts to 2.335, which could mark the breakout point of the weekly box. Breaking this level could act as a trigger for buying, with a stop loss at 0.892.
If 0.892 breaks, it’s logical to set your stop loss below 0.557. Even if you are holding from before, it makes sense to exit your position and cash out below this level.
📈 Daily Timeframe
On the daily timeframe, after the break of 0.894, it was possible to buy with either a Risky stop loss at 0.67 , Secure stop loss at 0.545
If this trade was taken, it would have been reasonable to exit the initial investment at 1.943. If not, it’s better to currently do nothing and let the stop loss hit.
For re-entry, I’d likely wait for 1.943 or 1.269 to break while watching for capital inflow into the NFT market. Personally, I’d focus on other coins in the NFT space with newer features.
During the upward movement, volume increased, and during the correction, volume decreased, which is a positive sign for the bullish trend. Unlike some coins that returned to their daily boxes, APE hasn’t, which makes it slightly more bullish.
⏱ 4-Hour Timeframe
In the 4-hour timeframe, after the drop and rejection from 1.903, sellers are currently active, and the coin is within a box that defines its next move.
📈 Long Position Trigger
The strategy is clear—wait for a break of 1.280 with increased volume to open a long position. Be mindful of market conditions and manage risk with smaller position sizes. The current 4-hour candle looks promising.
📉 Short Position Trigger
After breaking 1.174, a short position can be opened with a target of 1.024, but use a tight stop loss. Once you hit your desired risk-to-reward ratio, manage the position or take profits quickly.
If stopped out, take a temporary break from the market.
📝 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! ❤️
TradeCityPro | CAKE: Weekly & Daily Price Dynamics👋 Welcome to TradeCityPro!
In this analysis, I will examine the CAKE coin. Pancake Swap is a DEX platform on the BSC network, ranking first among DEXs by TVL. This analysis will technically review the platform's coin, CAKE.
📅 Weekly Timeframe: Reaching the Demand Zone In the weekly timeframe, following the break of the $3 support, the price dramatically fell, and after several weeks, it found a bottom at $1.093. With incoming buying volume, it rebounded from this zone and eventually reached up to $4.753.
🔍 After the initial contact with this area, the price was rejected and fell sharply again to $1.549, where the second bottom was formed. After a confirming candle, the price moved towards the supply zone near the resistance at $4.753.
📊 The buying volume was very strong in the bullish candles that formed, but after reaching $4.753, we observed a heavy rejection and the price retraced the entire bullish leg. With the RSI reaching the 50 level, the bullish momentum also dissipated.
🚀 For an uptrend, as long as the price is below the supply zone, I do not expect large and sharp candles. However, if $4.753 is broken, the price could move towards targets at $9.723 and even $41.575.
🔽 If further correction occurs, the most crucial support is at $1.093, which must not be lost.
📅 Daily Timeframe: More Chart Details and Price Behavior In this timeframe, we can observe more details about price behavior. Currently, the price is in a very tight range box from $2.243 to $2.627, and breaking either of these areas could start a new trend.
📈 If $2.627 is broken, the price could again move up to the $4.753 ceiling. Entry of buying volume and a break of 50 in the RSI will significantly impact this bullish leg.
⏳ On the other hand, if $2.243 breaks, the price could move down to the $1.549 support and, if bearish momentum increases, could even break this support and move towards lower lows.
📝 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! ❤️
GBPUSD - at ultimate region, holds or not??#GBPUSD.. perfect holding of our area as we discussed couple of time's in history, market again at his swing region.
guys it will be our ultimate region and swing region.
if there is any kind of bounce in pound then it should hold this region.
that is around 1.2500 to 1.2520
keep close and don't until market hold it.
and keep in mind below that we will go for cut n reverse on confirmation.
good luck
trade wisely
Nothing !!!The price is currently within a triangle and will reach the end of the triangle in the coming days. At that point, we should look for a position, considering two scenarios: one is that the triangle breaks upward and the price rises to the 0.382 Fibonacci line, and the other is that the triangle breaks downward and the price drops. However, we must consider the "father" of this coin, Toncoin, which plays a significant role in valuing this coin.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TradeCityPro | CRV: Daily & 4H Correction Patterns👋 Welcome to TradeCityPro!
In this analysis, I will examine the CRV coin, which belongs to the Curve project, a DEX platform in the DeFi space. The analysis is conducted on both daily and 4-hour timeframes.
📅 Daily Timeframe: Beginning of Correction In this timeframe, after negative news for CRV, the price reached the support level at $0.2309, forming its main bottom there and starting its upward movement after accumulating.
📊 With the influx of buying volume, resistances at $0.3425 and $0.4070 were easily broken, and the price reached the resistance at $1.2630 with high momentum. The buying volume peaked and, with a Blowoff candle, the price correction began.
✨ The RSI exiting the Overbuy zone triggered the start of the price correction down to $0.382. Currently, the bottom of the correction is forming at $0.7890, and breaking this area could reach the $0.5 and $0.618 Fibonacci levels, which I have marked as limited areas for you. If these areas break, the next supports will be at $0.4070 and $0.3425.
🔍 If the price wants to continue in the same cycle with the next upward wave, it should not lose the range between $0.5 to $0.618 Fibonacci. Breaking this range would reset the market momentum, and the chart would need to create a new structure.
📈 For going long, the best trigger is breaking $1.2630 targeting $1.9116. If this area breaks, the volume and RSI should converge with the price. A divergence in volume greatly increases the likelihood of a fake break. For riskier triggers, it's better to look into the 4-hour timeframe.
⏳ 4-Hour Timeframe: New Price Structure in the Correction Phase
In the 4-hour timeframe, we can see the last upward leg in more detail and apply a new Fibonacci Retracement.
🧩 Currently, the price has corrected to the $0.5 Fibonacci zone, which overlaps with $0.7890, forming the primary bottom of the correction.
🔼 For an early and risky long position, breaking the resistance at $1.0451 is suitable. However, as mentioned in the daily timeframe analysis, the main resistance and trigger for going long is $1.2630.
🔽 For a short position, breaking the $0.382 Fibonacci, which overlaps with $0.9069, is suitable, but be cautious as you are shorting in a correction of an upward trend. Engage minimal risk so that if the upward trend continues, you do not incur significant losses.
🔑 The market volume has been decreasing since the peak at $1.2630 and is now at its lowest. The RSI is also ranging between 39.82 to 59.27, with a break of either area potentially introducing new momentum into the market.
📉 If further correction occurs, the next supports are the $0.618 Fibonacci at $0.69, and the areas at $0.5553 and $0.4661.
📝 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! ❤️
GMT Analysis - What Shall we Expect !!!The price is within an ascending wedge and this can be a bullish signal for GMT. However, we need to wait for this wedge to be broken and then wait for the price to rise. Currently, the price can be bearish because more funds have been injected into Bitcoin to allow Bitcoin to find more stability in the coming days.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
(Update) !!! Daily Chart Analysis (READ)If the price can hold the support line, it could rise to the 0.618 Fibonacci line.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
(Update) !!! Daily Chart Analysis (READ)As long as the wedge is not broken, it cannot be said that the price is going down, and this is what scares me. So, as long as the wedge is not broken, the price can remain bullish.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The #1 Trading SecretAm still hurt about the argument
i had with that young person
I feel so sad and sometimes angry
young people have so much power
i wish i could help them see the truth
if i was younger i wish i had someone
like me with the experience and knowledge
to help me
sadly it will never happen without
commitment
the only way i can help them is if they
come into my environment
going to help someone without a plan to
bring them into your environment
is not a good strategy
this is why i only share trading
secrets inside trading communities,
Look at this chart
below is the MACD indicator
showing you a buy signal
plus the price action is above the
50 ema and the 200 ema
also, this stock is trending upwards
which means
it's a good trend buy.
Thats the number #1 Secret of trading
buy a stock like NASDAQ:NVDA
that is trending up or
gaping up,
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn
risk management and profit-taking strategies
Also use a simulation trading tool
before you trade with real money.
TradeCityPro | MINA: Daily Uptrend and Volume Spike👋 Welcome to TradeCityPro!
In this analysis, I will examine the MINA coin. The analysis is conducted in the daily timeframe.
📅 Daily Timeframe: Increased Buying Volume Alongside a Curved Trend Line In this timeframe, after the price bottomed out at $0.3838, bullish momentum gradually entered the market, leading to a breakout at $0.5765. This initiated the main upward leg, even breaking the resistance at $0.7268 and reaching $1.0021.
🔍 After reaching this resistance, the market entered a corrective phase, initially pulling back to $0.7268 and currently to $0.5765. This support aligns with a curved bullish trend line formed in this upward cycle, creating a strong Potential Reversal Zone (PRZ).
🔽 If the $0.5765 level breaks, the price could potentially return to the $0.3838 floor. A break below 34.35 in the RSI increases the likelihood of this movement. The $0.3838 support is the most crucial for this coin.
📈 If the price rises, the first risky trigger will be breaking $0.7268, where market momentum will be low. The main trigger is at $1.0021, and breaking this area is critical. If this area is breached, the price could move up to $1.6225.
📊 Currently, the market volume has decreased during the correction, indicating trend confirmation. The RSI, if it returns above 50, will also carry strong momentum.
📝 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! ❤️
The last bullish chance of STX in Mid term!As you can see, the price is in an ascending triangle and is also forming the handle of a cup and handle pattern. Each of these patterns indicates a bullish trend in the medium term. We just need to wait for these patterns to break out to reach the desired target.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Prepare to fly with DOGE!After this heavy drop, DOGE has now formed an ascending triangle in the Daily time frame, which could be a sign of a bullish trend. Please note that this analysis is in the daily time frame.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TradeCityPro | ENJUSDT Analysis Christmas Holiday👋 Welcome to TradeCityPro Channel!
Let’s analyze ENJ during the holiday season and identify triggers across different timeframes to make the most of market opportunities. Don't forget to check the Signature section at the end for updates! 😊
🌐 Overview Bitcoin
Before diving into ENJ analysis, let’s look at Bitcoin. It broke the 95445 short-term support and is expected to move toward the 92722 support, where it might form a new structure. Key support levels for Bitcoin are 91K, 86K, and 81K, which hold significant importance.
Additionally, Bitcoin dominance is also dropping, forming red candles during this decline. This means the market as a whole is correcting:
Coins bullish against BTC are correcting less, Coins bearish against BTC are showing more red candles than Bitcoin itself.
📊 Weekly Timeframe
ENJ hasn’t shown significant movement. After breaking its smaller box resistance, it entered the larger timeframe box, only to get rejected from the upper boundary and return to the entry point of its box.
The 0.3743 resistance has become increasingly important. Once broken, it could signal a buy opportunity, preparing for a potential break of 0.6920. However, ensure the breakout is accompanied by increasing green candle volume and confirmation through RSI surpassing 83.90.
If you are holding ENJ and looking to activate your stop loss to exit, it’s logical to sell after breaking 0.1256 and closing a weekly candle below it. Always take stop losses seriously and look for re-entry triggers later.
📈 Daily Timeframe
After hitting the 0.3838 daily resistance, ENJ has formed lower highs and lows, returning to the 0.2116 support zone, which is crucial.
This 0.2116 support holds significance due to Fibonacci alignment,Its position on the 50% level, indicating potential for a rebound if the trend weakens.
Alternatively, breaking this support could lead to lower lows, bringing ENJ back into its weekly box. In this case, it might retest the 0.1854 and 0.1520 support levels.
⏱ 4-Hour Timeframe
Market volume has significantly dropped, suggesting reduced trading activity during the holidays. This low 24-hour trading volume has led to irrational and unnecessary market fluctuations.
📈 Long Position Trigger
After breaking 0.2483, a long position can be opened, but given the low market volume, trades should be executed with reduced risk.
📉 Short Position Trigger
After breaking 0.2105, a short position can be considered. However, logical trading during these conditions involves small stop losses and focusing on risk-to-reward ratios while quickly taking profits.
💡 BTC Pair Insight
Currently, ENJ isn’t performing well against Bitcoin. After showing some signs of life by testing the 0.000000374 resistance, it got rejected and returned to its support level.
Keep in mind that breaking this resistance could finally bring ENJ some gains against Bitcoin, which would likely translate into USDT price increases during a bullish market.
📝 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! ❤️
EUR/USD Breaks Resistance Barrier: Next Target in SightEUR/USD has successfully broken above the blue descending trendline resistance, signaling potential bullish momentum.
The next target to watch is the red trendline resistance, which could act as a key barrier. If the price sustains above the breakout level, further upside toward the red line is likely.
Monitor for a strong daily close above this breakout zone for confirmation.
DYOR, NFA
TradeCityPro | MAGIC: Daily Dynamics and Key Resistance Reaction👋 Welcome to TradeCityPro!
In this analysis, I will examine the MAGIC coin. This project falls under the category of crypto gaming and is one of the major projects in this field.
📅 Daily Timeframe: Reaction to Key Resistance In the daily timeframe, the price recorded its main support floor at $0.2983 and was in the Accumulation phase up to $0.4085. With the breakout above this box, an upward movement began towards the $0.7101 area. The volume of this leg was increasing, showing convergence with the trend.
🔍 Upon reaching the $0.7101 resistance, the price initiated a corrective phase on its first contact, starting with a short-term correction but then extending into a deeper pullback to $0.4085, and now it is again building a new structure.
📊 As we approach the New Year, the market volume gradually decreases, and personally, in this situation, I prefer to hold fewer positions and wait for the volume to re-enter the market.
🔽 If the $0.4085 level breaks, the market momentum will completely reset, and the price will create a new structure for building a new trend. The most important support for MAGIC is the $0.2983 area, which is the historical floor of this coin and a very strong demand zone. Entry of the RSI into the oversell area will increase the likelihood of breaking this resistance.
📈 For a long position, the main trigger for now is $0.7101, and if the price stabilizes above this key area, the next resistance will be $0.9344, which is a minor resistance. The main chart resistance currently is at $1.4473. While not the ATH, it is a very strong supply zone, and the price will need significant bullish momentum to break through this area.
🧩 A risky trigger for a long position is $0.4694, where breaking this trigger presents a suitable early long position but raises the risk of the position higher and increases the likelihood of hitting a stop loss.
📝 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! ❤️
Toncoin Outlook after the Dip. What to expect NOW?As you can see, the price is likely forming a cup and handle pattern. If our assumption is correct, we should wait for this pattern to break out to see a price increase.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Be careful with ADAUSDT !!!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to $1.07 after breaking this wedge, but considering the Christmas holidays, this might take a bit longer.
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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! ❤️
TradeCityPro | KSM: Ascending with Key Breakouts👋Welcome to TradeCityPro!
In this analysis, I will review the KSM coin. This project is part of the Polkadot ecosystem and the analysis is conducted on a 4-hour timeframe.
⏳ 4-Hour Timeframe: Price Correction After Reaching Significant Resistance
In the 4-hour timeframe, after breaking the $22.17 level, the price executed a sharp and substantial uptrend, even managing to breach the resistance at $29.16 and reaching up to the $47.82 area.
🔍 After testing this area twice, the price entered a correction phase and dropped in two legs, first to $33.33 and then to $29.16. With a fake break of the $29.16 support, the bearish momentum in the market decreased, and currently, the price is forming a new structure.
📊 A very important note for the bullish trend is that during the entire correction phase, the volume of candles has been gradually decreasing, and it has now reached its lowest state. The approaching Christmas holidays have also undoubtedly influenced the decrease in volume, and the price may continue to range within this area until the end of the holidays.
🔽 If a third bearish leg occurs, the first trigger is $33.33, which we should wait to see how the price reacts to this area to define it more precisely and become a more reliable trigger. The next trigger is $29.16, which is a significant support. If the price stabilizes below this area, the next support will be at $22.17.
✨ A break below 40.20 in the RSI will aid the entry of bearish momentum, increasing the likelihood of breaking future supports.
📈 Conversely, given the reduced market volume, the bullish momentum in the market remains active. If the trend continues, breaking above 40.58 will be the first trigger. Entering a position upon this trigger helps ensure peace of mind in case of breaking the $47.82 resistance or failing to do so, as the risk of opening the position is accepted beforehand.
✅ The bullish target upon breaking $47.82 is the $59.68 resistance, which will be the initial target of the movement. If this target is reached, I will update the analysis and specify new targets for you.
📝 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 - Time to buy again!As I mentioned, Bitcoin does not have enough volume to break the 0.618 line by the end of the holidays. Therefore, we have to wait and see if Bitcoin can stabilize above 100k in the new year.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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! ❤️
TradeCityPro | GRT : Short-Term Uptrend with Volume Convergence👋 Welcome to TradeCityPro!
In today’s analysis, I will review GRT for you. The Graph project is one of the key infrastructures of DeFi, with most projects like Uniswap and AAVE relying on this protocol for data extraction. This analysis is conducted in the daily timeframe.
📅 Daily Timeframe: Short-Term Uptrend with Volume Convergence
On the daily timeframe, the price was in an accumulation box and exited it after breaking above 0.2003. The strong buying volume has introduced upward momentum to the market.
🔍 Following the price increase and reaching the resistance at 0.3387, the coin corrected alongside Bitcoin and returned to the 0.2003 area.
✨ The price shadow touched the 0.618 Fibonacci level and, so far, has held well above 0.2003, forming a box between 0.618 and 0.382 Fibonacci levels. I believe if the price stabilizes above 0.382, it can resume its upward movement and potentially break the resistance at 0.3387.
📈 Breaking 0.3387 is considered a risky trigger for spot purchases but seems like an excellent trigger for futures trading. If the RSI stabilizes again above 57.36, the market momentum will remain bullish, increasing the likelihood of breaking this resistance.
🛒 The next resistance, representing the high wave cycle, is at 0.4574 and is a significant trigger. Breaking this level in both spot and futures trading could offer a great position. It is crucial for volume to increase and market momentum to turn bullish as the price approaches this area.
✅ The first target for the movement, upon breaking 0.4574, is the resistance at 0.7443, which is suitable for spot trading. For higher targets, I will update the analysis later as the price reaches this resistance to determine further targets based on market conditions.
🔽 If a deeper correction occurs and 0.2003 is broken, the bullish momentum will be completely lost. The price will need to form a new structure within the box between 0.1319 and 0.2003. Breaking below 0.1319 would signal bearish momentum in the market, presenting an opportunity for short positions.
📝 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! ❤️