? Welcome to TradeCityPro Channel! Let’s analyze one of my favorite coins, STX, which serves as Bitcoin's layer 2 and is currently in a better condition compared to other altcoins. ? Overview Bitcoin As always, before analyzing STX, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin bounced off the 102873 support, with its recent fluctuations caused by the Trump-related events and their accompanying market noise. Bitcoin dominance continues to climb, and it’s likely we’ll see a new high along with bullish movement in Bitcoin dominance. It’s a good idea to either open long positions on Bitcoin or hold your existing long positions. Altcoins paired with Bitcoin that are showing bullish signs might also see upward movement. https://www.tradingview.com/x/4CudoXc6/ ? Weekly Timeframe On the weekly timeframe, STX stands out as one of the most bullish coins in the market, alongside Solana, Doge, and Sui. This highlights the strong current position of this project. The key resistance level is at 2.708, while the 3.696 ATH can be considered a fake breakout. For trading, it’s better to base your entries and positions on the 2.708 resistance. The coin has been moving along an important supportive trendline that had multiple successful retests. However, this trendline has been broken, a pullback occurred, and the trendline trigger activated with the breakout at 1.299, which currently serves as a critical support. This level is both a major weekly support and the 0.382 Fibonacci level. If broken, the price could drop further to 0.738. For new entries, either wait for the 1.765 level in lower timeframes or the primary trigger at 2.708. Exiting below 1.299 in profit might be a smart move. If the price reclaims this box, you can re-enter. Although this strategy reduces the number of coins, it ensures no USD losses. https://www.tradingview.com/x/njTkcWJk/ ? Daily Timeframe On the daily timeframe, the price is at the 1.355 significant support level, with lower highs and relatively flat lows forming a compression pattern and a trendline. I won’t exit my spot holdings below 1.355, but I may take the risk of opening a short position after breaking this trigger. Part of the profits from this short position can be used to accumulate more STX coins for long-term holding. For re-entry on the daily timeframe, momentum or a trend reversal is necessary. This could happen with a fake breakout of 1.355, which is a critical support level. Buyers will likely make an effort to defend it. Alternatively, you can wait for the trendline breakout and the 1.674 level to open your spot positions with a risky stop-loss below 1.355. A breakout above RSI 50 can also serve as confirmation. https://www.tradingview.com/x/08pZx4dG/ ⏱ 4-Hour Timeframe On the 4-hour timeframe, the chart shows consolidation near the 1.355 critical support, oscillating within the 1.355 to 1.674 box, with sellers slightly stronger. ? Short Position Trigger The short position trigger is clear. After breaking 1.355, I’ll open a short position. If the price moves closer to this level, I might also place a stop-sell order if bearish volume increases. ? Long Position Trigger Long positions are trickier with this chart. For such positions, I’d either check other charts or wait for a higher high and low or a fake breakout of 1.355 before considering opening a long position. https://www.tradingview.com/x/ecBjKJk/ ? 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!
https://www.tradingview.com/x/FHlnwpeX/ ✅EUR_JPY is trading in a Local uptrend and the Pair made a bullish breakout Of the key horizontal level of 163.130 And the breakout is confirmed So we are bullish biased And we will be expecting A further move up LONG? ✅Like and subscribe to never miss a new idea!✅
NYSE:VET is showing some strength in the chop zone. If the current structure holds support, we are looking for another move-up. If not, you can see the volume gap below showing weakness. Trading a chart because of the clarity it provides is valid, plus it's a boomer project. It may run.
The price is in a downtrend where it has reached a strong zone and made a rebound. Now, the price could move in the direction of buying without returning to our zone. However, if the price approaches our zone again, it improves the entry point for our trade. On the other hand, if the price breaks through our support, we can expect the continuation of the selling trend with appropriate market confirmation.
NVIDIA is trading inside a Channel Up with the MA50 (1h) in firm support. The price is approaching that level and of course the bottom of the Channel Up, which is a technical buy entry. Trading Plan: 1. Buy on the current market price. Targets: 1. 153.15 (Resistance 1). Tips: 1. The RSI (1h) is testing Support (1) formed on the January 16th Low, which was a higher low for the Channel Up. Please like, follow and comment!!
APPL Short trade idea, positions already taken off, only leaving a runner. Two positions in two different directions but technical analysis supports both ideas. NASDAQ and ES will play a role on which of these will play out first.
there is no positive and fundamental news in this analysis. and its technical view just
As anticipated!!! Watch how the market trades into the 30 percent of the fib Thats the TGIF of the week There's retracement once a higher timeframe PD array is met. Especially on Friday
Bitcoin / BTCUSD hit last month the once unthinkable benchmark of $100k. It took 2 Cycles to do so since it reached the previous benchmark of 10k. The log sequence of hitting those benchmarks started at $0.10. It took quarter (0.25) Cycle to go from 0.10 to $10, i.e. x100 jump. The next x100 increase was from 10 to $1000 and it took BTC half (0.5) Cycle to do so. Then we move to the x10 jumps, 1000 to $10000, which took it a perfect 1 Cycle. We already discussed above 100k and the pattern is obvious. For each of those logarithic jumps, Bitcoin needs double the time, i.e. it doubles the previous Cycle expectancy. This means that for the million dollar mark ($1million), it should take 4 Cycles to do so (2 Cycles it needed from 10k to 100k x 2). This gives us a rough estimate for the end of 2041! Realistic or not in your opinion? Follow us, like the idea and leave a comment below!!
Price consolidating above 100K demand zone . Expecting one more drop to this support area. BTC long from 101/102K