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ONDO beaten down, resistance aheadLSE:ONDO has work to do but I am a forward looking narrative trader and believe we have a major RWA (Real World Asset tokenisation) narrative ahead to pump these coins. Ahead lies High Volume Node resistance, previous channel lower boundary, descending daily 200EMA and the daily pivot to overcome... not easy but this is crypto and can be all taken out in 5 seconds. Price terminated with a front run of the golden pocket showing strength over other alts. Daily RSI hit oversold, no divergence Safe trading
COINBASE:ONDOUSD
by Maddox_Metrics
YYAI oversoldHard to say what has happened in the past week, but see below. In any case, I believe PA is about to reverse. NASDAQ:YYAI Facts: - YYAI has authorization to issue $200 m ATM shares - YYAI has agreed to fund their new venture for $250 mil along with a second $250 mil from JuCoin - YYAI has received $30 mil in SOL (see my other posts) - If YYAI issued shares totaling more than approximately 20% of outstanding shares, they would need to file an 8-k within 4 business days of issuance, or else face legal problems - There has been no 8-k and we are on day 5 post-dumparoo - YYAI daily volume has gone 1000x from typical days (why?) - YYAI short volume has been 5-10x the current outstanding shares - YYAI is down 94% from two weeks ago The question remains, was there dilution, if so how much? If no 8-k this week, can assume there was none or little (or worse, company is fraudulent). If no 8-k the dump is from a massive coordinated short attack. If dump was a massive coordinated short attack, price will likely rebound, unless attack continues.
NASDAQ:YYAILong
by nothximgood
8
$ONDO wave (2) Bottomed?LSE:ONDO appears to have completed wave 2 with WXY complex correction ending at the major High Volume Node support just above the golden pocket. Weekly RSi has printed bullish divergence but is not yet confirmed. A dip into the wick and High Volume Node is to be expected before high but may not get there. Wave (3) has an initial target of the R2 weekly pivot at $3.18, a strong move from here. $1.22 weekly pivot and High Volume Node will put up a fight. Safe trading
COINBASE:ONDOUSD
by Maddox_Metrics
1
TradeCityPro | AVAX: Downtrend Persists Near Key Support👋 Welcome to TradeCity Pro! In this analysis, I want to review the AVAX coin. One of the older crypto projects active in RWA, it has a market cap of $8.48 billion, ranking 18th on CoinMarketCap. ⏳ 1-Hour Timeframe On the 1-hour chart, we see a downtrend in this coin, which has continued after last week’s decline. ✨ After the 23.06 level was faked, bearish momentum entered the market, and a new downwave began. After breaking the 20.68 support, the price dropped to 19.10 and is now in a correction and pullback phase. 📊 Volume has significantly decreased during this correction, indicating the strength of the downtrend. Although today is Saturday and the overall market volume is low, if the price moves back toward 19.10 with increasing volume, we can confirm the volume for the bearish trend. 💥 The RSI oscillator is correcting alongside the price and, after exiting Oversold, is currently around 50. ⭐ If the 50 level breaks, it signals that bearish momentum in the market has decreased, and AVAX could enter a range-bound or corrective structure. ✔️ On the other hand, if selling volume returns and RSI moves toward 30, breaking this level would bring bearish momentum back into the market. In this case, breaking the 19.10 trigger allows us to open a short position. 🔍 For now, there are better coins for long positions that have recovered more. On AVAX, as long as it stays below 20.68, long positions don’t make much sense. 📝 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! ❤️
Short
by tradecitypro
1
TradeCityPro | LINK: Eyeing $18 for Potential Drop👋 Welcome to TradeCity Pro! In this analysis, I’m going to review the LINK coin — one of the RWA projects, currently ranked 12th on CoinMarketCap with a market capitalization of $12.57 billion. ⏳ 1-Hour Timeframe In the 1-hour timeframe, after Friday’s drop, the price fell to $16.78. 💫 Following this decline, the price made an upward correction up to the 0.618 Fibonacci level. After one reaction to this zone, bearish momentum returned to the market, and volume has been increasing. ✅ Currently, the price is moving toward the $18.31 level. Breaking this zone could trigger the start of the next downward leg. ⭐ The main support level remains at $16.78, and as long as the price stays above this zone, I won’t be opening any short positions. 📊 For long positions, the current trigger is $20.02.For earlier triggers, we need to wait for the market to form more structure and generate new entry signals. 📝 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! ❤️
by tradecitypro
ONDO, Time for wave 3 up into ATH?What a mess Friday turned out to be with a recording breaking liquidation event with the numbers still growing - bigger than FTX! SUNK COST FALLACY: THE DAMAGE IS DONE, DO NOT PANIC IN AND OUT OF POSITIONS. So many alt-coins proved there is nothing but thin air holding them up - no real demand whatsoever! I'll take a look at some charts today. Now these wicks can be classed as 'anomalies' in technical analysis but in this case i think we've revealed some of the strong tokens now with real backing. It is expected that with such large wicks we at least test the centre of the wick on one more terrifying shake-out that isnt actually as bad as the one we just has but feels it because traders and investors are been kicked while their down in a state of panic. ------------- LSE:ONDO appears to have completed a WXY wave 2 complex correction finding strong support in the High Volume Node. Price is in a bearish market structure at double resistance- High Volume Node, channel lower boundary. Traders should be cautious. Price is likely to have one more pullback to scare weak hands out before starting wave (3) of 3 to new all time highs. We could see $0.68 challenged at the S2 pivot. If we break back into the channel the daily 200EMA will be the next resistance. Safe trading
COINBASE:ONDOUSD
by Maddox_Metrics
ONDO Extreme opportunity zoneI have been sharing my wave Y of (2) target for a while at the Fibonacci golden pocket and major High Volume Node support, $0.5. Demand soaked up the downward pressure here leaving a long lower wick. The next downside target is the ‘alt-coin’ golden pocket, 0.786, and S1 pivot at $0.31 and would be an excellent buying opportunity! Weekly RSI has plenty of room to fall with no bullish divergence forming yet. Wave (3) target is the R3 weekly pivot at $4.2 a decent move from here! Safe trading
COINBASE:ONDOUSD
by Maddox_Metrics
TradeCityPro | AVAX: Testing Key Support and Resistance Zones👋 Welcome to TradeCity Pro! In this analysis, I will review AVAX, one of the Layer 1 and RWA coins with a market cap of $11.98 billion, ranked 16th on CoinMarketCap. ⏳ 4-Hour Timeframe On the 4-hour timeframe, AVAX has a strong Maker Buyer zone that has been tested multiple times and provided support. ⭐ On the other hand, after creating two equal peaks at 35.20, the next peak was lower, at 31.37. ✅ This indicates that the sellers' strength in the market is greater than the buyers' strength, but buyers also have a significant support level, which has been effective so far in preventing further price decline. 🧩 Since Bitcoin's trend is entirely bullish, and there’s a high chance of Bitcoin's dominance decreasing, altcoins may experience an upward move. So, I am inclined to open a long position on this coin. 📊 The first trigger for a long position is the break of 31.37. The main trigger to start the coin's primary trend will be 35.20. 💥 If you believe the market will move downward and are looking for a short position, breaking the support level I marked could lead to a price decline towards 25.42. 📝 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! ❤️
Long
by tradecitypro
1
$ONDO: Ondo Finance – Tokenizing the Future or Facing Roadblocks (1/9) Good morning, champs! ☀️ LSE:ONDO : Ondo Finance – Tokenizing the Future or Facing RWA Roadblocks? Ondo Finance just joined Mastercard’s Multi-Token Network, aiming to tokenize U.S. Treasuries! But with market volatility, is this RWA gem a buy or a wait? Let’s dive in! 🔍 (2/9) – PRICE PERFORMANCE 📊 • Recent Trend: Transaction volume spiked to 400M in Jan 2025, now ~300M 💰 • Market Insight: Up 1.6% recently (Daily Hodl, Feb 2025) 📏 • Sector: RWA tokenization surging with TradFi interest 🌟 It’s buzzing in the DeFi space! ⚙️ (3/9) – MARKET POSITION 📈 • Market Cap: Not specified; holds 40% of tokenized securities market 🏆 • Holdings: U.S. Treasuries, bonds via USDY, OUSG tokens ⏰ • Trend: Whales hold 88% of tokens, per IntoTheBlock 🎯 Firm, leading RWA tokenization! 🚀 (4/9) – KEY DEVELOPMENTS 🔑 • Partnership: Joined Mastercard MTN as first RWA provider (Feb 26, 2025) 🔄 • Expansion: Teamed with World Liberty Financial for RWAs 🌍 • Market Reaction: Steady growth in transaction volume 📋 Adapting, bridging TradFi and DeFi! 💡 (5/9) – RISKS IN FOCUS ⚡ • Volatility: Crypto market swings could hit token value 🔍 • Regulation: Compliance hurdles in tokenized assets 📉 • Concentration: High whale ownership (88%) risks dumps ❄️ Tough, but risks loom! 🛑 (6/9) – SWOT: STRENGTHS 💪 • RWA Leader: 40% tokenized securities market share 🥇 • Big Backers: BlackRock, Coinbase Ventures support 📊 • Tech Edge: Tokenizing U.S. Treasuries for DeFi 🔧 Got fuel in the tank! 🏦 (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️ • Weaknesses: High whale concentration, market volatility 📉 • Opportunities: TradFi integration, DeFi yield growth 📈 Can it tokenize to the moon? 🤔 (8/9) – 📢Transaction volume at 300M, Mastercard partnership live, your take? 🗳️ • Bullish: $2 soon, TradFi loves it 🐂 • Neutral: Steady, risks balance ⚖️ • Bearish: $0.90 looms, whales dump 🐻 Chime in below! 👇 (9/9) – FINAL TAKEAWAY 🎯 SMCI’s transaction volume and TradFi ties scream potential 📈, but whale concentration adds caution 🌿. Volatility’s our buddy—dips are DCA gold 💰. Grab ‘em low, climb like pros! Gem or bust?
COINBASE:ONDOUSDLong
by DCAChampion
TradersCity Pro | INJ Consolidates Below Descending Trendline👋 Welcome to TradersCity Pro! In this analysis, I want to review the INJ coin for you. One of the RWA coins, with a market cap of $1.3 billion, ranked 68th on CoinMarketCap. ⌛️ 4-hour timeframe This coin is on a very important Maker Buyer zone and has reacted to it several times. ✔️ On the other hand, it also has a descending trendline that has followed the price from the 14.94 top and is considered a very important dynamic resistance. ✨ At the moment, the price has reached this trendline, and a red candle has also formed below this trendline, and it seems to have been rejected from it. 🔍 Given the very low volume we have, the probability of starting a trend in either direction is very low, and as long as the volume is low, any move can turn out to be fake. 🎲 In case of a breakout of the trendline and activation of the 13.38 trigger, we can open a long position. But the important point is that when the price moves toward this trigger, the volume should increase so that the probability of a fake move decreases. 🔽 For the short position as well, we can enter with a break of the support zone. For this trigger too, it is very important that the volume increases so that the move does not turn out fake. 📝 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! ❤️
Long
by tradecitypro
1
TradeCityPro | XLM: Key Support Holding Amid Seller Pressure👋 Welcome to TradeCity Pro! In this analysis, I want to review the XLM coin for you. It is one of the RWA projects with a market cap of $12.76 billion, currently ranked 13th on CoinMarketCap. 📅 Daily Timeframe In the daily timeframe, this coin has reached a Maker Seller zone. So far, it has tested this zone twice and has been rejected both times. 🔍 In the second rejection, a lower high was formed, which shows weakness in the bearish trend. There is an important support level at 0.3629, and as long as the price remains above this level, the trend of this coin will stay bullish. ⚡️ If 0.3629 is broken, a deeper correction could extend to 0.3142. If the price continues to drop further, the main support of XLM will be around the 0.2244 zone. ✔️ However, if the price does not break below the 0.3629 level, I will try to open a long position with a breakout above the zone, because this level is very important, and its breakout could start a new bullish trend. 💥 The breakout trigger for this zone is currently at 0.4896, but in lower timeframes, we can find better triggers when the price reaches this level. 🔽 For a short position, we can open one if 0.3629 is broken, but for now, I will not open a short position, and if I take long positions, I prefer to do so on other coins instead of XLM. 📝 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! ❤️
Long
by tradecitypro
TradeCityPro | AVAX Eyes Breakout Beyond Major Resistance👋 Welcome to TradeCity Pro! In this analysis, I want to review the AVAX coin for you. It’s one of the popular crypto projects, with a market cap of $9.93 billion, currently ranked 18th on CoinMarketCap. ⏳ Daily Timeframe On the daily timeframe, after AVAX was supported at the 16.46 zone and broke the 18.77 trigger, it made a bullish move up to the 26.59 high. With the break of 18.77, we could have opened a long position. 💥 There is a Maker Seller zone near the 26.59 area. This is a very important zone, and breaking it can lead to the start of the main bullish trend of AVAX. 🔔 If the 26.59 zone is broken with a trigger, I will open a long position. The first target on AVAX is 35.06, and before this area, there aren’t any major resistances. 📈 If the price does not make a lower low below 20.82, the probability of breaking 26.59 increases and the next bullish move will be easier to form. ✔️ However, if the price stabilizes below this zone, the 26.59 trigger is still valid, but we will probably have more attractive entry points. In that case, I will update the analysis for you and share those entry points. 🔽 For a short position, the first logical trigger in my opinion is breaking 16.46. Although it is far from the current price, this area is the bottom of the box, and its break could start a new bearish trend. 📝 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! ❤️
Long
by tradecitypro
12
$ETHUSD: Long term trend and cup and handle pattern...Ethereum is finally very close to breaking out into a new 52wk high following a long term basing pattern that looks like a classic cup and handle. Timemode signals warned us of its bullishness earlier, as the daily, weekly, monthly and now quarterly trends turned bullish one after the other since April this year. If you're sidelined or short, join the bulls and go long ASAP. Risk is a drop under $1715 for the long term patterns at play here, projected targets range from 10k to 95k long term. Fundamentals as you probably know favor a massive bullish trend as ETH transaction count breaks ATH, institutions race to acquire more ETH day to day, ETF flows are steadily bullish and regulations have become favorable for the growth of defi via stablecoin and RWA adoption, as well as potential for new defi primitives and existing ones to gain traction with widespread use. Ethereum defi now is secure and solid enough, and can handle the required throughput, and the wheels are in motion for a spectacular move from here. Best of luck! Cheers, Ivan Labrie.
KRAKEN:ETHUSDLong
by IvanLabrie
2
TradeCityPro | ONDO Builds Strength Beneath Key Supply Barrier👋 Welcome to TradeCity Pro! In this analysis, I want to review the ONDO coin for you — one of the RWA projects, currently ranked 37th on CoinMarketCap with a market cap of $2.93 billion. 📅 Daily Timeframe In the daily timeframe, as you can see, this coin has formed a range box between the levels of 0.7354 and 1.1933, and the price is currently sitting in the upper half of this box. ✔️ At the moment, the price is hovering around 0.9037, and it’s forming a higher low above 0.7354. If this low gets confirmed, the probability of breaking above 1.1933 increases. ⭐ The 1.1933 zone is a very significant supply level that was previously acting as support in late 2024, and after being broken, has since acted multiple times as resistance. 📊 If this area breaks, we can open a long position, or even buy this coin in spot. Personally, if this trigger is broken, I’ll open a long-term long position. ✨ The target for this position is 2.0565, and once the price reaches this level, we can take profits and consider a spot buy. 📝 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! ❤️
Long
by tradecitypro
6
TradeCityPro | INJ Battles Key Resistance Amid Altseason Buzz👋 Welcome to TradeCity Pro! In this analysis, I want to review the INJ coin for you. It’s one of the RWA and AI projects, currently ranked 63 on CoinMarketCap with a market cap of $1.51 billion. 📅 Daily Timeframe On the daily timeframe, after a drop to the 6.94 level, this coin has bounced back and is now moving upward along with a rising trendline. ✨ A strong support has formed at 10.28, and after price reacted to this level, a new bullish leg started and pushed the price up to 16.04. 🔔 There is a Maker Seller zone around 16.04 that has repeatedly prevented the continuation of the upward move, and currently price is struggling with it again. 📈 Breaking this zone will initiate a new phase of the trend. I plan to have a long position open if 16.04 is broken. 🛒 This trigger is also suitable for spot buying, and if Bitcoin pair and Bitcoin dominance confirm the move, we can consider buying in spot too. But personally, I prefer opening a futures position. 💥 Breaking the 72.87 zone on the RSI will be a solid confirmation for the entry of bullish momentum, and with this breakout, a new bullish leg can begin. 🔽 If a correction happens, I will wait for the trendline to break and will not open a short position for now. Currently, the first trigger we have for a short is at 10.28. 📝 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! ❤️
Long
by tradecitypro
7
ONDOUSDT Daily Chart Analysis | Momentum Shift & Breakout LevelsONDOUSDT Daily Chart Analysis | Momentum Shift & Breakout Levels 🔍 Let’s dive into the ONDO/USDT daily chart and break down the latest momentum signals, key breakout areas, and targets for bulls. ⏳ Daily Chart Overview The daily trend shows significant recovery after prolonged downward pressure, with price action now testing critical resistance levels. A key descending trend line has recently been challenged, highlighting a potential shift in market structure. 🔺 Bullish Setup - Momentum Trigger: The RSI has closed above 75.3, signaling a strong momentum shift and upping the odds for continued upside. - Breakout Confirmation: Watch for a daily candle close above the $1.1111 resistance level. This would confirm a bullish breakout and could serve as a solid trigger for further upside. - Trend Line Dynamics: The price has decisively broken above the major descending trend line, which had capped rallies for months—removing a significant area of supply and emboldening bulls. - Upside Target: Once confirmed, this setup opens the door for an advance towards the $1.60 area, where the next major resistance sits. 📊 Key Highlights - Daily RSI closing above 75.3 reflects strong market momentum and buyer dominance. - A daily candle close above $1.1111 can be used as a bullish trigger. - The long-term descending trend line has been broken, indicating a major momentum shift. - Immediate upside target stands at $1.60, representing a clear resistance level for profits or further evaluation. 🚨 Conclusion Momentum is clearly shifting in favor of the bulls as technical barriers fall by the wayside. For traders looking to position long, confirmation above $1.1111 combined with the powerful RSI reading sets the stage for a move towards $1.60—keep these levels on your radar as the setup plays out!
Long
by AtresCryptoAcademy
Key Insights: Financial Markets Transformation by 2030For years, this page has been my space to share in-depth market research and personal insights into key financial trends. This post reflects my perspective — a strategic outlook on where I believe the digital finance industry is heading. The financial world is evolving at an unprecedented pace, and it's easy to overlook subtle shifts. But the undeniable fact is that we are now standing at the intersection of three powerful industries — financial markets, blockchain, and artificial intelligence. We are positioned at the cutting edge of technology, where innovation is not a future concept but a present reality. This post serves as a reference point for future trends and a guide to understanding the transformative forces shaping financial markets by 2030. These are not just facts, but my vision of the opportunities and challenges ahead in this rapidly converging digital ecosystem. Staying ahead today means more than following the market — it means recognizing that we are part of a technological shift redefining the core of global finance. 📈 1. Electronic Trading Evolution Full transition from traditional trading floors to AI-driven digital platforms. Integration of blockchain and smart contracts ensures transparency, automation, and risk reduction. Real-time data analytics democratizes market access and enhances strategic decision-making. 🤖 2. Algorithmic Trading Growth Accelerated by AI, machine learning, and big data analytics. High-frequency trading (HFT) boosts efficiency but introduces new volatility factors. Adaptive algorithms dynamically adjust strategies in real time. Strong focus on regulatory compliance and ethical standards. 🔗 3. Tokenization of Real World Assets (RWA) Transforming asset management with projected growth to $18.9 trillion by 2033. (now 18.85B) Enhances liquidity, accessibility, and transparency via blockchain. Institutional adoption is driving mainstream acceptance. Evolving regulations (DLT Act, MiCA) support secure tokenized ecosystems. 🏦 4. Institutional Adoption & Regulatory Frameworks Digitalization of fixed income markets and exponential growth in institutional DeFi participation. Key drivers: compliance, custody solutions, and advanced infrastructure. Global regulatory harmonization and smart contract-based compliance automation are reshaping governance. 💳 5. Embedded Finance & Smart Connectivity Embedded finance market to hit $7.2 trillion by 2030. Seamless integration of financial services into everyday platforms (e-commerce, mobility, etc.). AI, blockchain, and IoT power real-time, personalized financial ecosystems. Smart contracts reduce operational friction and enhance user experience. 🛡 6. Financial Crime Risk Management Market expected to reach $30.28 billion by 2030. AI-driven threat detection and anomaly monitoring strengthen AML compliance. Blockchain ensures data integrity and automates cross-border regulatory adherence. Global collaboration (FATF, EU AML) fortifies defenses against evolving financial crimes. 🌍 7. Consumer Behavior & Financial Inclusion Digital banking bridges the gap for underbanked populations, especially in emerging markets. Mobile solutions like M-Pesa revolutionize access to financial services. Biometrics, microfinance, and AI-powered engagement tools foster inclusive economic participation. 🚀 Conclusion By 2030, financial markets will be defined by technology-driven efficiency, regulatory adaptability, and inclusive growth. Success will favor those who embrace innovation, leverage automation, and engage in cross-sector collaboration. The future belongs to agile stakeholders navigating a landscape shaped by AI, blockchain, tokenization, and smart finance connectivity. Best regards, EXCAVO _____________________ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:BTCUSDLong
by EXCAVO
9
TradeCityPro | HBAR Rebounds Sharply After Trendline Breakout👋 Welcome to TradeCity Pro! In this analysis, I’m going to review the HBAR coin for you—one of the RWA and Layer1 crypto projects, currently ranked 16 on CoinMarketCap with a market cap of 9.95 billion dollars. 📅 Daily Timeframe On the daily chart, as you can see, after a bullish rally toward the end of 2024, HBAR entered a corrective phase and is currently still in this correction. ✨ A major support zone (highlighted on the chart) was established, and a range box was formed between this zone and 0.21765 where price had been consolidating. 💥 There was also a descending trendline within this box that the price recently broke through, triggering strong bullish momentum. The price has now even broken above the 0.21765 level. ✔️ A significant increase in buying volume has entered the market, and with RSI entering the Overbuy zone, this move looks poised to continue even more sharply. 🔔 If this bullish momentum persists, the next targets are 0.26221 and 0.38402. If you already have an open position, these levels could be suitable for partial profit-taking. 🛒 If you're looking to buy this coin in spot, the breakout and confirmation above 0.21765 is a decent entry. However, the current stop-loss range is quite wide, so reaching a good risk-to-reward ratio might take longer with this trigger. 📈 The next potential spot triggers are 0.26221 and 0.38402. A breakout above 0.38402 would likely signal the start of a new major bullish leg. 📝 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! ❤️
Long
by tradecitypro
3
TradeCityPro | AVAX Holds Key Support in Sideways Structure👋 Welcome to TradeCity Pro! In this analysis, I want to review the AVAX coin for you. It’s another Layer1 and RWA project whose coin has a market cap of 7.48 billion dollars and ranks 16th on CoinMarketCap. 📅 Daily Timeframe On the 1-day timeframe, as you can see, the price is sitting on a very important and strong support at the 16.46 zone, which I’ve marked as a range for you. 🔍 This range is where buyer makers are heavily present, and the price has touched it three times so far and has been supported each time. This shows the high strength of this zone. ✨ Currently, after being supported from this zone, the price has reached the 18.77 level and is fluctuating below this level. Volume is also gradually decreasing, and we have to see what happens next. 📊 If the volume keeps decreasing like this, the price will probably continue ranging between 16.46 and 18.77 until volume enters the market. But if strong buying or selling volume enters, the price can make a move and exit this range. ✔️ If buying volume enters and the price wants to move upward, we can enter a long position with a break of 18.77 and even buy in spot. A confirmation for this position could be the RSI breaking above the 50 level. 🛒 I personally consider this trigger suitable for a long position, but for spot I suggest waiting for a break of 25.78. More important than that is Bitcoin dominance, and in my opinion, as long as the long-term trend of Bitcoin dominance is bullish, buying altcoins is not logical and we have to wait until dominance changes trend. 📉 If the price wants to move downward and selling volume enters the market, the break of this same support range would be the best trigger. With a break of 16.46, we can enter a short position, and if you already bought this coin in spot, you can activate your stop-loss as well. 💥 A momentum confirmation for this position would be the RSI breaking below the 30 level and the oscillator entering the Oversell zone. 📝 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! ❤️
Long
by tradecitypro
5