tradecitypro

tradecitypro

🟢The Dow Jones Index has recently begun its ascent towards its historical highs again, after reaching a new peak and undergoing a brief correction. It seems poised to surpass this level once more. 🟢Analysis Highlights: 🔸Combining Fibonacci extensions and Elliott Wave theory, the ultimate target for the current leading wave is pegged at the historical ceiling of...

tradecitypro

Bitcoin (BTC) currently presents two possible scenarios, each with unique potential outcomes. Here, we'll explore both without assigning specific probabilities to avoid bias. Scenario A: The Bearish Outlook 📉 In this scenario, Bitcoin is forming lower highs and lows within a small cycle. A descending channel could also be drawn if desired. For this scenario to...

tradecitypro

📊 SUSHI's Accumulation Box: SUSHI has been in a 610-day accumulation box, with a notable exit and subsequent return to the box, indicating strong interest from traders and investors in purchasing at these levels. 📈 Volume Surge on Return: The return to the accumulation box was marked by significant volume, underscoring the buying interest in SUSHI. 🛒 Long-Term...

tradecitypro

🔺 Cosmos (ATOM) in a Major Triangle: ATOM is currently navigating through a large triangle pattern, indicating a significant correction or a "big sleep" phase. 📈 About Osmosis Chain: Before diving into the analysis, it's worth researching the Osmosis chain. Recognized as one of the premier decentralized finance (DeFi) chains within the digital currency market,...

tradecitypro

🔻 Ethereum's Sideways Movement Towards Channel's Midline: Ethereum is currently moving sideways towards the midline of its weekly channel. The chart has been marked with a box to indicate the best timing for observing a reaction for potential buying opportunities. 📉 Relative Weakness to Bitcoin: Given Ethereum's significant loss in value relative to Bitcoin,...

tradecitypro

🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350. 📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350. 🔐...

tradecitypro

🔑 Critical Resistance at $255.7: The resistance level of $255.7 for BNB is crucial for the entire crypto market. A breakout and consolidation above this level could signify restored confidence in Binance and potentially help the market move past the FUD surrounding its former CEO, CZ. 📈 Futures Trading on Breakout: If BNB breaks this level, it could be a signal...

tradecitypro

🔹 Post Static Level Breakout in Daily Timeframe: Following the breakout of a static level in the daily timeframe and subsequent weakness, there's a possibility of a false breakout with a strong upward movement. 🔹 Entry Trigger on Exiting Consolidation: Exiting the specified consolidation zone can be considered as an entry trigger. 🔹 Potential Downward Movement:...

tradecitypro

🔻 Bitcoin's PRZ (Potential Reversal Zone): Bitcoin is approaching a crucial PRZ around $39,500. This zone is significant due to the convergence of trendline support, Fibonacci levels, and static support, indicating a strong potential for support. 📈 Potential Upward Movement: From this PRZ, Bitcoin could initiate another rise, possibly reaching up to $47,705. 🔍...

tradecitypro

🔻 Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5. 📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area. 🛒 Ethereum Buying Scenarios: Entry...

tradecitypro

🔍 Understanding Fake Breakouts: 🔸Spotting the Fake Breakout: In the chart, as highlighted, a green candle indicates a reversal above a certain level, signifying a fake breakout. This is where the market seems to break a support or resistance level but quickly reverses direction, invalidating the breakout. 🔸Qualities of the Confirming Candle: The candle that...

tradecitypro

🔺 XRP in an Ascending Channel: Ripple (XRP) is currently moving within an ascending channel in the weekly timeframe. 📉 Break of Long-Term Downtrend: About 260 days ago, XRP broke a long-term downtrend line, shifting its movement to a bullish trajectory. 🔻 Current Daily and Weekly Patterns: In the daily timeframe, XRP formed a lower high, and in the weekly...

tradecitypro

🔵 Critical Blue Level in 4-Hour Timeframe: The highlighted blue level in the 4-hour timeframe has historically been a significant point, indicating its importance for future market movements. 🔀 Possible Directions from the Key Level: The market will move from this level - either upwards or downwards. While this might seem obvious, it's a crucial consideration for...

tradecitypro

🔻 Bitcoin's Recent Rejection and Correction: Bitcoin experienced a rejection at the critical resistance of $44,275, followed by a correction down to the significant support at $40,275. 🔍 Key Support Zone: The range between $40,257 and $39,449 is a crucial support area, overlapping with the 0.5 and 0.618 Fibonacci levels. 📈 Overall Bullish Trend in Higher...

tradecitypro

🚨 BNB's Risky Range: Binance Coin (BNB) is currently in a precarious range between $241 and $205. Its position within this zone could significantly impact the broader digital currency market. 📉 Lack of Support Below $205: There is almost no static support below the $205 level. A fall below this point could lead to undesirable market consequences. 📈 Potential...

tradecitypro

🔺 Ethereum's Current Position: In the 4-hour timeframe, Ethereum (ETH) is facing rejection from the top of its ascending channel, but a downward trend hasn't been confirmed yet. It's advisable to hold off on opening short positions for now. 📈 Parabolic Line and Potential Jump: Ethereum is still on its upward parabolic trajectory, suggesting a potential upward...

tradecitypro

🔺 Ethereum in Weekly Ascending Channel: Ethereum (ETH) is currently moving within an ascending channel in the weekly timeframe and has reached the channel's upper boundary. 🎯 Significant Weekly Resistance: A key static resistance lies ahead at $2454, closely aligned with the psychological level of $2500. Ethereum could potentially reach this if Bitcoin continues...

tradecitypro

📈 Bitcoin's Parabolic Move: After the previous analysis, Bitcoin entered a liquidity zone, starting a parabolic movement from $36,647 in the 4-hour timeframe. Breaking through the $38,305 resistance triggered a chain reaction of short position liquidations, accelerating past $40,000 and peaking around $42,000. 🔥 Volume and Candle Confirmation: The 4-hour trend...