TradeCityPro | CRV: Key Support Test in DeFi Token👋 Welcome to TradeCity Pro!
In this analysis, I want to review the CRV coin for you. It is one of the DeFi projects under Ethereum with a market cap of 1.17 billion dollars, currently ranked 72 on CoinMarketCap.
📅 Daily Timeframe
In the daily timeframe, CRV has a very important support zone, and right now the price is trading near this area.
✔️ The overall trend of CRV can currently be considered bullish because the main highs and lows it has formed are higher highs and higher lows, and at the moment, the price is in the corrective phase of this trend.
⚡️ If the support zone is broken, this corrective phase will deepen, and the price could move toward lower levels. The main supports for this coin in the daily timeframe are 0.497 and 0.349.
💥 Considering the ongoing bullish trend, long positions are currently more logical. If CRV gets supported at this zone, we can look for triggers in lower timeframes to open positions.
📈 The main triggers for long positions on this coin are the breakouts of 1.086 and 1.2502.
📝 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! ❤️
Cryptomarket
BTC at the bottom of GTF range🎯 Key Levels to Watch:
• Above: 114150 / 115700 / 116455
• Below: 112300 / 111850 / 110653
🔥 BTC Liquidation Heatmap:
• Above: 114957 / 116098 / 116953
• Below: 112866 / 112201 / 110061
Liquidity pool under 111850 remains major magnet for the price. Will it be wiped out or not, no one knows for sure, but chances are very high. Especially since stocks took a hit yesterday. So either BTC dips and pumps back up fast, or that can turn into full scale correction down to 109k at least.
Developing quarter VWAP and Daily 20sma now form the strongest resistance on the way from 116010 to 116455 (values are approximate).
⏰ TG alarms set for: 111850, 110432, dev Quarter VWAP/VAH & Day 20-sma
Important level here for ETH🎯 Key Levels to Watch:
• Above: 4240 / 4340 / 4470
• Below: 4090 / 4010 / 3940
🔥 ETH Liquidation Heatmap:
• Above: 4229 / 4275 / 4316
• Below: 4082 / 4040 / 3972
Ethereum just touched Daily 20sma at price ~4066
I bought some there, but frankly, I expected it to fall lower and most of my orders are still there. Unless ETH grows above 4300 and start trading there, chances for another dip to 3940-4010 stay valid.
TRON "THE CLEAR COIN".* In this video, I'm talking about the price movement of the Tron coin.
* Making the main focus on how few little drops this coin is making. With percentages.
* Talking about Tron VS Ripple and other cryptocurrencies.
Enjoy your Tron's and don't forget it's a special coin and one of the leader in the crypto world.
Potential bearish reversal?The Bitcoin (BTC/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support, which is a multi swing low support.
Pivot: 116,456.65
1st Support: 112,346.982
1st Resistance: 118,969.64
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
“Bitcoin (BTC/USD) – Ascending Support Holding,Eyes Set on $119KChart Analysis
Price Structure & Pattern
The chart shows Bitcoin (BTC/USD) on a 30-minute timeframe, revealing a rising support trendline—price has rebounded from this upward-sloping base.
Previously, price formed a rising green channel, climbed toward the resistance zone near $119K, but was drawn back—creating a consolidation beneath that key level.
A horizontal resistance line at $119,582.80 marks a crucial ceiling. The drawn blue arrow suggests a potential bounce from trendline support aiming to test that resistance again.
Key Technical Levels
Support: The ascending trendline acts as dynamic support—if it holds, it may support another test of resistance.
Resistance: The $119K area remains a key barrier. Breaking above this level could be a strong bullish trigger.
Broader Technical Context & Market Sentiment
From recent technical insights and market commentary:
Resistance at $119K and Beyond
Analysts note Bitcoin is testing long-term resistance near $119K, a level tying back to major peaks. A breakout could catalyze a renewed bullish momentum
AInvest
+1
Brave New Coin
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Described by some as a descending wedge or consolidation, this structure suggests a potential breakout toward $123K–$125K if $119K is breached with conviction
AInvest
Brave New Coin
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Support & Consolidation
BTC has been channeling between roughly $116K support and $119K resistance, setting up a tightening range ripe for breakout
Brave New Coin
TradingView
+1
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Short-term support zones near $115K–$116K align with buyers stepping in, and a hold above these levels supports bullish continuation
TradingView
Mitrade
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Technical Sentiment & Momentum
Key resistance around $118.6K–$119K is underscored by moving averages and trendlines, with MACD and RSI metrics still nudging upward on hopes of a breakout
Mitrade
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Some analysts highlight a cup-and-handle pattern and potential for a 14% rally toward $134.5K if price breaks through and sustains above current highs
Business Insider
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Summary Table
Zone Description Potential Impact
Ascending Trendline Support Price recently bounced here Offers a base for bullish continuation
$119K Resistance Established ceiling of current range Breakout could fuel a rally to $123K–$125K
$115K–$116K Support Lower bound of consolidation Holds the structure—break below could trigger deeper pullback
Final Thoughts
Your chart beautifully captures BTC’s moment of decision—riding support and potentially preparing for another rally attempt at $119K. Watch for:
Bullish scenario: A bounce off the ascending support trendline, followed by clear volume-backed break above $119K—opening a path to $123K+.
Bearish scenario: A failure at resistance leads to trendline breach, risking a slide back toward the $115K or lower support zones.
USDT Dominance – Breakout, Retest & Ready for Next MoveUSDT Dominance has just broken above its descending trendline and successfully retested it as support. After this pullback, the chart suggests a continuation to the upside within the ascending channel.
🔹 Technical Highlights:
• Breakout from the falling trendline confirmed.
• Retest completed around 4.35% → holding as support.
• Price action remains within a short-term ascending channel.
• Next upside target: 4.55% – 4.60% (marked as point G).
📊 Market Implication:
Rising USDT Dominance usually means liquidity flows out of riskier assets (altcoins) into stablecoins. If this uptrend continues, altcoins could face further downward pressure while traders seek safety.
✅ Conclusion:
As long as dominance holds above 4.30–4.35%, the bullish scenario remains intact. A push toward 4.55% is likely the next move.
TradeCityPro | Bitcoin Daily Analysis #158👋 Welcome to TradeCity Pro!
Let’s get into Bitcoin analysis. Yesterday, Bitcoin’s decline continued, and now, after finding support at its key support zone, it is showing an attractive entry point for opening a position.
⏳ 4-Hour Timeframe
Yesterday, Bitcoin made another bearish leg and dropped close to the 112233 zone.
✔️ The recently closed 4-hour candle shows market indecision since it came with high volume and left large wicks on both sides, signaling a battle between buyers and sellers.
💥 The RSI oscillator still hasn’t dropped below the 30 zone and was supported there. Breaking this level would trigger another bearish leg toward 110000.
📊 If 112233 breaks, we can open a short position. It’s not a bad trigger, and the break of this zone would be the first sign of a trend change.
⚡️ However, I personally am still waiting for confirmation of the main trend and won’t open any position yet. For shorts, I think it’s still too early, and for longs, the structure hasn’t formed properly.
🔍 If today Bitcoin makes a bullish leg and climbs above 114790, then tomorrow we can consider opening a long position. But for now, no suitable trigger has been formed yet.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
BTCUSD set to rise $124482?BTCUSD trade setup for today :
Before we look at potential entry in this pair first let’s look at multiple timeframe analysis in this market.
Monthly: 124482 Monthly resistance price has got rejection strongly from the top
Weekly: Price has just got just broken out of the support
Daily: Price on the daily significant support level
Entry timeframe 4H : Price has printed 4h has got rejected strongly from the daily support level.
Possible trade recommendation : Bullish trade with high probability set up
ETH at the Edge: Support or $4K Next?
ETH on the 1H
ETH is still hovering around the green local support zone.
Yesterday it bounced from the daily close (black dotted line). Today it broke the lower limit of the green zone, stalled at the 50MA, and is now retesting that same lower limit, with the 50MA pressing down.
If support holds, a bounce back above the 50MA toward the upper limit of this green zone is possible. If it fails, $4K could be the next support.
Current signals:
MLR > SMA > BB Center, PSAR bullish → trend still favors the upside.
RSI is above 50 but pointing down.
MACD is right on the edge of flipping red.
Important: structure is still lower lows + lower highs, so if you’re looking to go long, tight risk management is not optional.
Always take profits and manage risk.
Interaction is welcome.
Bitcoin | Following the Smart Money Trend🔴 Smart Money positioning just triggered a new Bearish signal on Bitcoin.
This chart highlights how trend shifts in Bitcoin can be tracked by following changes in market positioning from major players – often referred to as Smart Money.
🟢 Bullish phases appear when institutional positioning suggests growing confidence.
🔴 Bearish phases emerge when Smart Money flows signal risk-off sentiment.
📊 The Custom Indicator Histogram visualizes the momentum behind these moves.
Historically, these signals have aligned with key turning points in Bitcoin’s long-term cycle.
👉 A new Bearish signal has just been triggered, suggesting caution for the weeks ahead.
⚠️ This analysis is for educational purposes only and should not be taken as financial advice.
CTCUSDT 1D Chart Analysis | Ascending Momentum Targets Major BOCTCUSDT 1D Chart Analysis | Ascending Momentum Targets Major Breakout
🔍 Let’s break down CTC/USDT spot price action and map out the upward scenario as bullish momentum gains traction, with a focus on trendline support, volume dynamics, and key resistance levels.
⏳ 1-Day Overview
CTC/USDT on the daily chart is carving out an ascending triangle formation, supported by a firm rising yellow trendline. Price is pressing against key horizontal resistance at $0.7950 as trading volume builds, hinting at buying interest ahead of a breakout move.
📈 Volume & Structure Insights
- Steady volume expansion as price approaches the apex, confirming accumulation and bullish intent.
- Strong base forming above the yellow ascending trendline, which has consistently held since April.
- Immediate upside resistance stands at $0.7950; higher levels to target are $1.1511 and $1.4411 on a convincing breakout.
📊 Key Highlights:
- Technical structure: Clear ascending triangle signals bullish continuation if resistance cracks.
- Volume spike: Increasing volume supports the validity of the upward move.
- Breakout scenario: If price closes above $0.7950, expect momentum to carry toward $1.1511 (next resistance), followed by $1.4411.
- Price projection: Short-term retests are likely (see mapped path), but trend bias favors upside as long as the rising support holds.
🚨 Conclusion:
CTC/USDT is poised for a breakout, with momentum and volume aligning for an upward move. Watch for a daily close above $0.7950 as the trigger—targets are $1.1511 and $1.4411. Volume acceleration and bullish structure reinforce the setup. Stay alert for invalidation if the ascending trendline fails to hold.
Bitcoin possible correction?📈 Hey Traders!
Here’s a fresh outlook from my trading desk. If you’ve been following me for a while, you already know my approach:
🧩 I trade Supply & Demand zones using Heikin Ashi chart on the 4H timeframe.
🧠 I keep it mechanical and clean — no messy charts, no guessing games.
❌ No trendlines, no fixed sessions, no patterns, no indicator overload.
❌ No overanalyzing market structure or imbalances.
❌ No scalping, and no need to be glued to the screen.
✅ I trade exclusively with limit orders, so it’s more of a set-and-forget style.
✅ This means more freedom, less screen time, and a focus on quality setups.
✅ Just a simplified, structured plan and a calm mindset.
💬 Let’s Talk:
💡Do you trade supply & demand too ?
💡What’s your go-to timeframe ?
💡Ever tried Heikin Ashi ?
📩 Got questions about my strategy or setup? Drop them below — ask me anything, I’m here to share.
Let’s grow together and keep it simple. 👊
ETH/EUR AnalysisI’m waiting for a 15–20% pullback from the recent highs before entering, with the plan to accumulate and hold long term.
On the 4H chart, ETH is currently trading below the Ichimoku cloud, showing short-term weakness and leaving room for a deeper correction.
Strategy: Patience for a better entry, then position for the long-term upside.
BTCUSD H4 | Could the price bounce from hereBitcoin (BTC/USD) is falling towards the buy entry at 110,102.76, which is a pullback support that is slightly above the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could bounce from this level to the upside.
Stop will be at 105,282.37, which is a pullback support that is slightly above the 78.6% Fibonacci retracement.
Take profit is at 116,140.42, which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
ETHUSD H4 | Bullish bounce off pullback supportEthereum (ETH/USD) is falling towards the buy entry of 3,893.21, which is a pullback support that is slightly above the 78.6% Fibonacci retracement and could bounce to the take profit.
Stop loss is at 3,563.13, which is a multi-swing low support.
Take profit is at 4,170.96, which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
LITECOIN H4 | Bullish bounce off 78.6% Fibonacci supportLTC/USD is falling towards the buy entry, which is an overlap support that lines up with the 78.6% Fibonacci retracement and could bounce from this level to the take profit.
Buy entry is at 110.55, which is an overlap support that lines up with the 67.6% Fibonacci retracement.
Stop loss is at 103.64, which is a swing low support.
Take profit is at 119.19, which is an overlap resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
DOTUSD H4 | Bullish bounce off major supportBased on the H4 chart analysis, we could se the price fall to the buy entry which is an overlap supprt and could bounce from this level to the upside.
Buy entry is at 3.479, which is an overlap support that is slightly below the 127.2% Fibonacci extension.
Stop loss is at 3.178, which is a swing low support.
Take profit is at 3.825, which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Identifying High-Probability Support: The Power of ConvergenceHello Friends,
Welcome to RK_Chaarts
Today we're going to learn Comprehensive Guide to Identifying Convergent Support Zones
Which are High Probability Support areas. This post is for Educational purpose only.
This detailed analysis will walk you through a step-by-step process of combining multiple technical analysis methods to identify a robust support zone. We'll explore how Elliott Wave theory, Anchored VWAP, EMA200, Fibonacci Retracements, and equality to extensions can coincidentally converge on the same support zone.
Step 1: Elliott Wave Analysis
Begin by identifying the Elliott Wave structure. Look for impulse waves, corrective waves, and the relationships between them. In this example:
- Wave Y is potentially completing near the equality zone (100% to 161.8% extension).
- This level marks a potential reversal point.
Support zone as per Elliott Wave theory Analysis
Step 2: Anchored VWAP Analysis
Apply Anchored VWAP to identify key support levels:
- Plot the VWAP from the last swing low and the second-last swing low.
- Note the convergence of these VWAP levels, which can indicate strong support.
Support zone as per Anchored VWAP Analysis
Step 3: EMA200 Analysis
Add the 200-period Exponential Moving Average (EMA) to your chart:
- The EMA200 has consistently provided support during previous corrections.
- Note the price approaching this level, increasing the likelihood of a bounce.
Support zone as per 200 Exponantial Moving Average
Step 4: Fibonacci Retracement Analysis
Apply Fibonacci retracements to the previous rally:
- Identify the 50%, 61.8%, and 78.6% retracement levels.
- Note the current fall has already exceeded the 38% retracement.
Support zone as per Fibonacci Retracement Analysis
Step 5: Convergence of Support Zones
Combine the analysis from each step:
- Note the striking convergence of support zones:
- Elliott Wave equality zone (100% to 161.8% extension)
- Anchored VWAP support zone
- EMA200 support level
- Fibonacci retracement zone (50%-61.8%)
Coincidentally all these are providing nearly same Support area (Price zone)
Trading Implications
With the convergence of these multiple analysis methods, you can:
- Identify a high-probability support zone.
- Look for buying opportunities near this zone.
- Monitor price action and market sentiment for confirmation of a reversal.
- Consider scaling into positions or setting limit orders within the support zone.
Important Note: Failure to Hold Support
If the price fails to hold support at this converged zone, it may indicate a stronger bearish trend. In this scenario:
- Be prepared for a potential significant downfall.
- Consider adjusting your trading plan to account for the increased bearish momentum.
- Keep a close eye on price action and market sentiment for further guidance.
By understanding the convergence of these multiple analysis methods and being aware of the potential risks, you'll be better equipped to make informed trading decisions and navigate the markets with confidence.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TRXUSDT 1H Chart Analysis | Eyeing the Breakout for MomentumTRXUSDT 1H Chart Analysis | Eyeing the Breakout for Momentum
🔍 Let’s break down TRX/USDT price action and identify setups that could unlock the next move, with a spotlight on RSI dynamics and key breakout levels.
⏳ 1-Hour Overview
The chart is currently forming a tightening symmetrical triangle, signaling a squeeze ahead of an expected breakout. Price action is consolidating between the local support at $0.3457 and resistance near $0.3520–$0.3547.
📈 RSI Insights
- The RSI sits around 48, reflecting short-term indecision and neutral momentum.
- There’s a clear RSI trendline forming higher lows, indicating underlying strength building up.
- Watch closely: An RSI breakout above 59 is flagged as a momentum trigger, historically driving stronger moves.
📊 Key Highlights:
- Chart pattern: Tightening triangle points to an imminent volatility expansion.
- Price structure: Breakout (BO) above $0.3520 or, more convincingly, $0.3547 opens up higher targets.
- Bullish targets: $0.3615 and $0.3680—these mark the next resistance zones if upside momentum takes over.
- RSI dynamics: Trendline support on RSI signals hidden demand; BO above 59 on RSI can fuel upside moves.
🚨 Conclusion:
TRX is at a make-or-break juncture. A decisive breakout above $0.3520 or, even better, $0.3547 could unlock a rally to $0.3615 and $0.3680. Keep a close eye on the RSI—trendline holds and a thrust above 59 can serve as early confirmation of buyer strength.
BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
After setting a new high, Bitcoin failed to hold above the broken resistance zone and was rejected, falling back below the previously breached level.
The ascending trendline has also been broken, and price is currently attempting a pullback to the broken structure. As long as BTC stays below the resistance zone, we expect a move lower toward the next key support levels.
Bigger picture outlook remains bullish on higher timeframes, but in the short term, a deeper correction is likely.
Invalidation: A strong breakout and daily close above the resistance zone would negate the bearish short-term scenario and resume the broader uptrend.
Don’t forget to like and share your thoughts in the comments! ❤️