tradecitypro

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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. 🔍...

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🔻 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...

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🔍 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...

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🔺 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...

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🔵 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...

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🔻 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...

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🚨 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...

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🔺 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...

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🔺 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...