tradecitypro

tradecitypro

As you know, in the past week, gold has reached a new high, advancing to the $2483 price range. 🔸In this area, it has retraced from the top of its channel and currently shows a downward trend in the hourly and four-hour time frames. 🔸Given the strength and movement we observe, this decline will likely continue at least to the static level identified in the...

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Hello, my name is Saman Jalilian, and today I'm going to teach you the best way to use chart patterns 📊. One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts. However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow...

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As you know, the Dollar Index (DXY) impacts all major markets, including Forex, cryptocurrencies, and stocks. Therefore, as a trader, you should always keep an eye on this index 📈. We are currently at a critical decision-making point for this index. This decision can determine the medium to long-term trend of the Dollar Index. Support and Resistance...

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🟢Silver has shown a significant uptrend following the global rise in gold prices, breaking one of its major resistance levels on the weekly timeframe. 🔸 Key Points: 1. Correlation with Gold: - General Correlation: Both precious metals typically move in tandem. - Increased Demand for Silver: As gold prices soar, silver demand also rises. 🔸From a...

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Political Perspective 🌍 Given the current unrest and ongoing conflicts, along with potential future wars, our outlook on gold remains bullish 📈. Geopolitical tensions often drive investors to seek safe-haven assets like gold, increasing its demand and price. Macroeconomic Perspective 📊 As major economies approach the end of their contraction cycles, interest...

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Current Market Position: Solana (SOL) has been in a parabolic movement but is currently losing momentum. If the weekly candle closes as it is now, there's a potential for breaking the curved trendline. Key Support and Resistance Levels: Critical Support at $100: If Bitcoin continues to drop and the market remains bearish for the next three months, SOL might reach...

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Fundamental Strengths of Toncoin: Large User Base: Nearly 900 million active Telegram users can potentially join the TON network. Super App Potential: With Telegram's support, TON could become the first super crypto application. Community Potential: The large community brought in through a subsidiary project within the TON network shows high potential. Pavel...

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As we dive into Ethereum (ETH) analysis, it's crucial to note that ETH's value relative to Bitcoin (BTC) is currently declining, and the ongoing ETF approval process could significantly impact its future. Don't overlook these factors! Analysis Overview: Channel Dynamics: ETH experienced a parabolic move after breaking out from its previous ascending channel. We...

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After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro,...

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🟢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...

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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...

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📊 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...

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🔺 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,...

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🔻 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,...

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🔺 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. 🔐...

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🔑 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...

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🔹 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:...

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🔻 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. 🔍...