TradeCityPro | STX : A Healthy Uptrend with Promising Momentum👋 Welcome to TradeCity Pro!
In this analysis, I’ll review STX, the native token of the Stacks project, a prominent Layer 1 blockchain. The analysis focuses on the weekly timeframe.
⏳ Weekly Timeframe: A Healthy Uptrend
On the weekly chart, a strong uptrend has been in place since reaching the low of 0.201. Thus far, two bullish legs have propelled the price to 3.737, with the price currently testing the resistance at 2.471.
📊 Buying volume continues to increase, showing robust support for the ongoing trend with no signs of weakness. A visible ascending trendline has interacted with the price three times, further reinforcing the bullish momentum.
🔼 The 37.65 support level on the RSI is critical. As long as the RSI remains above this level, the probability of a bullish scenario outweighs the bearish one.
📈 If the price breaks above 3.737, it could move toward new all-time highs. In the event of such a breakout, I will update the analysis to include new targets.
🔽 Bearish Scenario
If the ascending trendline and the 1.264 support level are broken, the possibility of a trend reversal arises. In this case, the first major support level to watch would be 0.442.
📝 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! ❤️
Tradinview
It's an inherent market behavior !!Bitcoin has completed its third upward wave, and now it's time for a price correction down to around $83k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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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!!
GOLD FORCASTThe current analysis indicates a bullish trend for OANDA:XAUUSD , provided it stays above the pivot line at 2410. the price seems poised to consolidate between 2430 and 2410 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2410, the trend will continue upwards.
If the price dips below 2410, it'll try to get 2397 and stabilizing bellow 2397 will try to reach 2376 as well.
The price is expected to rise to 2450, and stabilizing above 2450 could lead to a further increase to 2463 and 2475.
Key Levels:
Bullish Line: 2430, 2450, 2463, 2475
Pivot Line: 2410
Bearish Line: 2397, 2376, 2357
GOLD FORECASTThe current analysis indicates a bearish trend for OANDA:XAUUSD , as long as it remains below the 2382 threshold. At present, the price seems primed for consolidation between 2395 and 2370 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2382, a decline to 2368 is likely. Although there might be temporary fluctuations, with a potential retracement to 2392 before further movement, the scenario changes if a 4-hour candle closes under 2382, possibly leading to levels at 2369 and 2357.
Key Levels:
Bullish Line: 2392, 2400, 2406
Pivot Line: 2382
Bearish Line: 2369, 2364, 2357, 2344
GOLD FORECASTGold New Forecast
The price of XAUUSD (Gold) is expected to be volatile today due to the release of the CPI news. The movement will depend on the results: if the CPI is higher than expected, it typically indicates rising inflation, which could lead to increased interest rates and potentially cause gold prices to fall. Conversely, if the CPI is lower than expected, it suggests lower inflation, which might result in lower interest rates and potentially drive gold prices up. The price will respond accordingly to the CPI results.
So, if the CPI is higher than expected, the price will try to reach 2364 & 2357 & 2344 then 2331. otherwise if the CPI is Less or equal to expectations will try to do a Bullish trend which is 2384 & 2392.
and the expectations are more positive, so it will effect a bearish trend to OANDA:XAUUSD
Key Levels
Bullish Line: 2384, 2392.
Pivot Line: 2374
Bearish Line: 2364, 2357, 2344, 2331
#SILVER.. only one supporting area, hold or not?#SILVER... well guys after a funtastic.ride in gold now silver at his one of the most important supporting area 24.90
That was our supporting area in yesterday as we discussed in our video.
Keep close it because in today if market clear it then another selling ride in table.
Good luck
Trade wisely
Why You Should Never Hold on to Your Positions Beyond a Certain Good day, traders.
I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes downward after a loss of 10% because a gain of 11% is required to make up for it.When the loss is 20%, it takes a 25% gain to make up the difference and return to break-even. To recoup from a 50% loss, a 100% gain is needed, and to reach the initial investment value after an 80% loss, a 400% gain is needed.
Investors who experience a bear market must understand that it will take some time to recover, but compounding returns will aid in the process. Think about a bear market where the value drops by 30% and the stock portfolio is only worth 70% of what it was. The portfolio increases by 10% to reach 77%. The subsequent 10% increases to 84.7%. The portfolio reached its pre-drop value of 102.5 percent after two further years of 10 percent gains. Consequently, a 30 percent decline requires a 42 percent recovery, but a four-year compounding rate of 10 percent returns the account to profitability.I will be doing a second part to this post on the idea of "DOLLAR COST AVERAGING" (DCA).
The math behind stock market losses clearly demonstrates the need for investors to take precautions against significant losses, as depicted in the graphic above. Stop-loss orders to sell stocks or cryptocurrencies that are mental or limit-based exist for a reason. If the market is headed towards a bear market, it will start to pay off once a particular loss threshold is reached. Investors occasionally struggle to sell stocks they enjoy at a loss, but if they can repurchase the stock or cryptocurrency at a lesser cost, they will like it.
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
SasanSeifi 💁♂️BRK.B / 1D ⏭ $321 /$330 ❗HI TRADERS ✌The possible scenario of BRK.B is specified. I think that if the dynamic resistance is broken and the price stabilizes, it will grow up to the target range of $321 and $330.
It is important to maintain the $306 and $300 support range.
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
Expecting some upside on the US30EIGHTCAP:US30
Here on the 4 hour chart, we can see price action forming an expanding wedge. Knowing there is are still imbalances to the upside that are likely to get filled before any more dramatic moves down, I'm looking for the bulls to take control around the ATR of 33189 where I'll be bidding this market. This area will be the 3rd push on the wedge, meeting ATR and likely to see RSI around the 20. The ultimate situation will see the 4 HR chart finish as an SFP at this level. My stop loss is set below the next swing low and I'm targeting the top of the expanding wedge, which is also a major swing high.
The prophet of profits,
The Meditrader
MAKE MONEY NOW!!! ETHEREUM PUMP!! LETS GOOLIVE UPDATED SIGNALS JUST FOR YOU!!! STOP LEVELS ARE PREVIOUS BUY ZONE ZONES! TREND LINE ANALYSIS. watch me put in all the trend lines. 1 hour breakdown leading into a four hour chart break down!
Time is of the essence on this one. Buying dips is a challenge. Wait until Monday to enter, I expect the market to range on Sunday (next 12 hours until NEW WEEKLY OPEN) be patient and wait for the right time. set some limits no need to chase! Happy Trading stay tuned and thanks for all your support! Chat soon!
CRYPTO TOTAL MARKET CAP MAKING MOVES!Good evening all!
The total market cap is currently ranging even though it has had a large bearish candle on the 4 hourly charts. I cannot predict the market however, I can put a few psychological indicators together and estimate the most likely event to follow.
The most recent move can be seen as a breakout of a bearish flag formation. we are still in a range however, this pattern sets a target that will see the price breakout of this consolidation area if the bears are able to stay in power.
Range explained: The support and resistance levels are placed using the fib retracement on the daily chart, these levels happen to be the strongest levels of support/resistance (50% and 68.2%) thus any move below/above would most likely result in a continuation/reversal. My opinion leans towards the bears as the overall market is bearish and my indicators show strength in the bears.
The 972B price had been tested a couple of times and has been solidified as a strong level of support\resistance to break in the future, as it added confluence in the strength of the bears. This Level is to be carefully watched on the way back up.
If the market had to remain healthy after this dramatic decline in a short period, I would like to see a retracement up to the 944-942B price in order to have more confidence in the flag breakout as well as a prosperous decline to the potential target which lies at 867B
. The 944-942B level acts as a strong middle point in the consolidation range and thus will make a great reflection point before the price continues downwards.
Thank you for your much-valued time! Please feel free to give me your opinion and like the article if you found it interesting.
@TradingView
Alice USDT forming Breakout momentAlice Usdt forming a breakout moment.
As described in the drawing i would prefer to go long if breakout happens upside.
Entry price 3.77 Target 6.43 Stoploss 3.10
So It's a swing trade hence RR is taken accordingly 3:45
This is only for an educational purpose.
Do your own research.
Non financial advice.