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TradeCityPro | AAVE: Key Triggers in DeFi Lending Giant's Trend👋 Welcome to TradeCity Pro! In this analysis, I want to review the AAVE coin for you. The AAVE project is one of the largest DeFi projects, operating in the lending sector, and holds the highest TVL among all projects in this category. ✔️ Currently, the coin of this project has managed to achieve a $2 billion market cap and with this market cap, it ranks 39th on CoinMarketCap. 📅 Daily Time Frame In the daily time frame, as you can see, after a long-term uptrend that reached up to 383.59, the price entered a corrective phase and, following the break of the 278.56 zone along with a descending trendline, dropped to the 124.31 level. 💫 The 124.31 support is a very strong one, and the price has reacted well to it. The buying candle volume has increased after the price reached this zone, which indicates the strength of this support. 💥 If this support breaks, the price could begin its next bearish leg. The next support that AAVE has in this time frame is at 77.45, which could prevent further decline in case of a sharp bearish move. 📈 For a long position or spot buy, we first need to wait for the descending trendline to break, and for the price to form a higher low and high above this trendline to confirm a trend reversal. 🔼 Currently, the main bullish trigger is at the 194.97 level, and if this level breaks, the price could move back toward the 278.56 and 383.59 zones. 📉 For a futures position, the 148.17 level is a suitable trigger and can offer a risky long position. However, the spot buy and main position trigger is the 194.97 level. A break of the 50 level on RSI would bring bullish momentum into the market and can serve as a good confirmation for a long position. 🧩 For a short position, breaking the 124.31 level is a good trigger, and if this level breaks and RSI enters the oversold zone, the price could make a sharp bearish move. 📊 But more important than all is the market volume, which currently doesn’t have a clear trend. We’ll have to see whether, upon breaking 124.31 or 148.17, sufficient volume enters the market or not. 📝 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
The 4 Crypto Market Cap charts and SMA's comparedTop Left TOTAL CRYPTO MARKET CAP Top Right TOTAL 2 CRYPTO MARKET CAP ( Minus Bitcoin ) Bottom Left TOTAL 3 CRYPTO MARKET CAP ( Minus BTC and ETH ) Bottom Right OTHERS CRYPTO MARKET CAP ( Top 125 coins Minus Top 10 by dominance ) 50 SMA RED 100 SMA BLUE 128 SMA GREEN TOTAL Cap is the ONLY one that has broken above the 2021 ATH and has subsequently dropped back under but is still "touching the line" with a Wick up from the current candle. It can also be seen how it is only the TOTAL chart that has remained easily above the 50 SMA since late 2023. The toer charts can be seen to have needed to bounce of it in 2024 The TOTAL 2 & 3 charts have very similar Candle moves and 50 SMA use. To me, this is telling us about the Higher Cap ALT coins. The fact that both TOTAL 2 ( Minus BTC ) and TOTAL 3 ( Minus BTC and ETH ) are similar shows me the little impact of ETH on price rise. These Charts are held up by the Higher ALT coins like SOL, INJ, SUI, XCN, HBAR to name a few. Most of these are still less than 100% gains over the last 12 months. But what the slight Difference there is between the two charts does show us that ETH is a burden. It is dragging the TOTAL 2 chart down lwoer than the TOTAL 3 and that difference, though small on a monthly chart, is VERY SIGNIFICANT OTHERS tells a huge story of how the Mid to Lower Caps are paying the price of Bitcoins adoption by Corporations and the fact that, as a result of these Corporations HOLDING, Bitcoin Dominance remaining High. The money that has once been used to Feed the ALT Market is static. OTHERS is also the only chart that has fallen below its own 50SMA That is not Bullish and very clearly shows how the Crypto Market has now matured and the absolute Tidal wave of New, worthless, useless ALT coins are failing. This does not mean that will continue but I am inclined to believe that while we have such uncertainty in the world, the utter risk of investing in something with no use or history and security does not appeal to many. To many extents, this could be seen as the beginning of the " Dot Com" Bubble burst for Crypto, where the best Coins / Projects are adopted and the rest, well, fall aside...... We shall see
CRYPTOCAP:OTHERS
by Orriginal
QUICK Ready for a Major Breakout!#QUICK is in a strong uptrend and currently testing the 0.618 Fibonacci retracement level—a golden buying zone! Technical Outlook: 🔹 Price is consolidating at the key support level of 0.618 FIB—historically a strong reversal zone. 🔹 A breakout above 0.02830 (previous high) could lead to new higher highs! 🔹 High probability of a bullish continuation if momentum holds. Trading Plan: 🔹 Entry: Current Market Price (0.02570 - 0.02490) 🔹 Target 1: 0.02830 🔹 Target 2: New highs after breakout 🔹 Stop-Loss: 0.02570 - 0.02490 What’s your take on #QUICK? Will it break 0.02830 and fly higher? Drop your thoughts in the comments! LIKE & FOLLOW for more high-probability trade setups! #QUICK #CryptoTrading #Fibonacci #Breakout #Bullish #CryptoAnalysis #TradingView
Long
by mudusir
OTHERS Market Cap Monthly Candle close colours tells a Story OTHERS - Top 125 coins MINUS top 10 by Market dominance. OR The MID to LOW caps ALT coins. The closeness of these Candles close colours tells a Story to me There are only two months since 2017, where the count is not 6 to 5 Febusary has the biggest difference with a majority GREEN at 8 - 3 But that had little effect this cycle with the last 5 Months ( including this april) being RED There is only ONE occasion that has happened before, and then went on to be 9 consecutive RED months and that was after the height of the ALT Season in 2017 The only positive I can offer here is that, After the RED March, April was Green on 3 occasions. What we can take away from this is that the MID to LOW cap ALTS are NOT seasonal, it is a Hit an dMiss chance of taking the right coin at the right time and trading You will also notice how the Actual Market Cap is currently LOWER than the height of the 2021 Infact, this is true for ALL the Market Caps EXCEPT TOTAL This Very Clearly shows us all that it is BITCOIN that holds the market up and it is that Dominance that has Hurt ther ALTS so much. Will this change ?
CRYPTOCAP:OTHERS
by Orriginal
TOTAL Crypto Market Cap Monthly Candle Close numbers & sequence This is the TOTAL version of the Bitcoin chart I post every month It is not always the same but, on average, it has the same Candle colour but not always the same Size, due to influences of ALT coins. But what I want to draw your attention to is where that arrow is pointing. We have just had a RED Febuary and March candle close. This has only ever happened ONCE before. Late 2019 - Early 2020 Infact, in 2019 we had Dec RED, Jan GREEN, Feb RED, March RED And currently we have Dec RED, Jan GREEN, Feb RED, March RED, The 2020 March RED was the Covid dive, that was swiftly recovered Currently we have the "Trump Tariff Dive" In so many ways, we are repeating the early 2020 Sequence in the TOTAL Cap The Bitcoin Chart however, seems to be repeating the 2017 Sequence. In 2020, TOTAL market Ca [pApril and May both closed GREEN. while en-route to a New ATH in March 2021. A New cycle ATH in early 2026 is entirely possible though it would be Very Much out of sequence. Things are different in many way with Crypto now...We are under new Regimes.. Discount Nothing Interesting days indeed
CRYPTOCAP:TOTAL
by Orriginal
BTCUSDT has reached a pivotal point.Market Alert: Bitcoin's Crucial Moment The battle lines are drawn! BTCUSDT has reached a pivotal point, slamming into the trendline resistance zone that's proven to be a formidable foe for bulls. Will the bears finally break through, or will the bulls rally for another attempt at higher grounds? Our analysis reveals a high probability of rejection at this critical level, setting the stage for a potential downturn. If our expectations play out, we could see BTCUSDT plummeting towards the $81K and $80K support zones. These levels will be make-or-break for the short-term trend, and traders would do well to keep a close eye on them. Stay alert, stay informed, and let's ride the waves of volatility together! The market is full of opportunities, and with the right insights, you can navigate even the most turbulent of times.
by Peter_Wade
On a year on Year basis Bitcoin is where it was in early 2017 I have been talking about Bitcoin following the 2013 - 2017 Fractal and this chart shows us, in a different way, how this is still Valid. The vertical lines on this chart are January of each year. You can see from the Arrow on the left and right, where we are in relation to 2017. Things to note When we first touched the dotted line on both occasions, it led to a GREEN RED GREEN candle, however, in 2024, we got there earlier than we should have maybe and so we have had to "Wait" to fall back into date sequence. Why ? If we look back at 2017, we remained below that dotted line till end of April - Statistically MAY is a great month for Big moves In my monthly candle analysis, I have also mentioned that using monthly candle close patterns, May is likely to be the better month for PA to rise higher We seem to be playing this out BUT we need to notice how PA is Below that Dotted line. PA is under pressure and yet in a great position though the trading volume is Low and consequentially, the candle sizes are not that impressive. We are half way through April . Things will change and Fast...... Hang on
INDEX:BTCUSD
by Orriginal
OntologyGas —Praying For A Long-Term Bull Market (4,000%+ Pot)Another interesting chart. Just a slight increase in trading volume last week but this increase is the highest volume since April 2024. Last week, OntologyGas (ONGUSDT) activated a support level from December 2020. This same low back in December 2020 was followed by a 2,000% advance. From bottom to top, in the 2021 bull market, ONGUSDT grew an incredible 9,000%+. We have a long long-term higher low. On the medium term and normal long-term, there has been a breach of all support. The August 2024 low and support was taken out easily and even the 2023 support zone was broken. ONGUSDT only bottomed after going as far back as December 2020 and this is good and I will explain why. It is good news because we know the low is in. That's the only reason. Oh wait, another reason; because we can buy and hold easily and enjoy maximum growth. That's the best part. The more than four years strong low has no bearish volume, instead, a green reversal candle and the next candle which is the current active candle is full green and going up. This means the reversal signal is in and confirmed. This means OntologyGas is set to grow. » Once we hit bottom... Hit follow! 434 days lasted the last bullish cycle. The period we are seeing now, 2023, 2024 is nothing compared to the conditions the market was in pre-2021. The market was good to us pre-2025. Pre-2021, the market was brutal and a major crash happened, we all know about it, before the bullish phase. Pre-2025, the market was quite friendly, sideways we a stable base and some bullish waves. Now, in 2025, we are seeing a strong correction before the major bull market run. But this correction is nothing compared to what happened before 2021. So conditions are much better now. The market is holding better. Fundamentals are better and everything continues to improve on the side of Crypto. We can assume that the bull market will be better, growth will be better and hopefully extended but that's me trying to impose my believe on the market; anything goes. The low for ONGUSDT is not like DGBUSDT. The low happened last week. Just a year, 365 days of growth, would put a new All-Time High in April 2026. Six months you ask? That would be November 2025. I don't even want to think about it. I don't want to see a rush run develop in six months. I want a full flown bull market lasting 2 years or 3 years or more. We want money and for this to be possible we need to adapt, to develop and to grow. If things move to fast, it will be another "it happened; it is over; back to boring again." No, let's hold these Cryptocurrencies long-term. Namaste.
Long
by MasterAnanda
DigiByte Will Launch The 2025 Bull Market (2,753% Or 4,479% ???)Just for context. After a strong decline between mid-2019 and March 2020, DigiByte produced a 7,000%+ bullish wave. The cycle peaked in April 2021 and the rise had a duration of 413 days. A year and two months. This info opens up some questions and gives fuel for some speculation: » Will DigiByte grow for 3 months and that's it? » Will it grow for 6 months and then retrace and start a four years long bear market? » Will DigiByte grow for more than a year as in the last bull market cycle? » Will this cycle be different because market conditions are different? » Will DigiByte grow straight up for 2-3 years or more? DigiByte has been closing green four weeks straight —Alert! This is a bullish signal that cannot be ignored. While the entire market was producing a major bottom just a week ago, DGBUSDT was consolidating up. Alert! The market bottom was hit in November 2024. DigiByte is still trading within a wide sideways channel but the signals are bullish for a breakout. Four weeks green while moving higher. Trading volume rising significantly. The entire Altcoins market already bottomed and preparing to grow. Alert! Let's keep it simple. DigiByte is set to grow. Now, how far up can it go? Market conditions are so different now compared to four years ago... But, let's go by past action. If DGBUSDT were to grow for an entire year, a new All-Time High can be hit in November 2025. That's the trick. If prices start rising today, it doesn't count as the start of the bull market, the start counts from the last major low. So November 2025 is the best approximation, just a map, give or take a few months. December 2025, January 2026, February 2026 who knows... Or maybe October 2025. Late 2025 is the main date to look for very high prices. New All-Time Highs all across. Prepare and be ready. This is a friendly reminder... Alert! Namaste.
Long
by MasterAnanda
4
GBP/CAD – Price Hits Key Supply ZonePrice has now reached a key supply zone around the 1.8468 – 1.8500 level, a region where strong selling pressure previously caused a sharp drop. This area aligns with previous structure and volume imbalance, making it a critical zone to watch for potential rejection or reversal. We can observe: Strong bullish momentum leading into the zone Previous distribution and drop from this level Clean break of internal structure on the way up What to watch for next: Bearish reaction or confirmation candles from this zone could signal potential short setups A strong breakout and retest might invalidate the zone and open room for further upside This area deserves close attention — patience is key before committing to a trade. Wait for price action confirmation.
Short
by jshafx
ETHUSDT: No Bottom yet, Bears still in control?Hey Realistic Traders, is ETHUSDT just a dead cat bounce, or are we looking at an actual reversal? Let’s dive in... Since March 26, 2025, ETHUSDT has struggled to break above the EMA100 line, signaling a bearish trend. Additionally, a symmetrical triangle pattern has broken to the downside, further confirming bearish momentum. The Stochastic indicator has crossed and is moving downward within the neutral zone, confirming that selling pressure may continue. These signals indicate that Ethereum could drop toward our first target at $1,403. After hitting this level, a short pullback is likely as traders take profits, before the price potentially continues its descent toward a new low around $1,239. These targets were identified using a combination of Fibonacci ratios and classic support/resistance levels, as shown in the chart. This outlook remains valid as long as the price moves below the stop-loss level at 1,754. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
Short
by financialfreedomgoals101
1
Bitcoin - This Is Just Wonderful!Bitcoin ( CRYPTO:BTCUSD ) creates textbook market stucture: Click chart above to see the detailed analysis👆🏻 The entire stock market is selling off significantly but Bitcoin and most cryptocurrencies are still holding their strong levels. This is clearly a sign of bullish strength and even if we see a retest of the previous all time high, the overall uptrend remains perfectly valid over the next months. Levels to watch: $70.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
16
XRP/USDT I Reverse Short Squeeze Alert! Resistance at 2 USDTHey Traders after the success of my Previous trade this month on NASDAQ:HOOD hitting Target 1 & 2 in 2 days more than 16%+ With a Similar Trade setup But Crypto I bring you today BINANCE:XRPUSDT Short opportunity - Market structure - Head and shoulder pattern - Currently will be trading at supply zone which was a recent support and now an ideal place for a reversal which is taking place as we speak- 4 Hour TF. - Breakdown and retest - Risk Aversion Dynamics in Cryptocurrency Markets PROTIP/- Entry on Bearish candle stick pattern on Current Levels Stop Loss : 2.2292 Target 1 : 1.4707 Target 2 : 1.0507 Technical View The orange circle marks a double top within the supply zone, acting as the shoulders of a larger head and shoulders pattern, suggesting strong resistance. Bearish Trendline breakdown + Retest Risk Aversion Dynamics in Cryptocurrency Markets Fundamental View - How Current Affairs can effect this pair! The proposed imposition of significant tariffs, such as the 60% levy on Chinese imports suggested by former U.S. President Donald Trump, could trigger a chain reaction across global markets. This scenario would likely amplify risk aversion among investors, potentially catalyzing a sell-off in risk-sensitive assets like XRP (Ripple) in favor of perceived safe havens such as the U.S. dollar (and by extension, Tether/USDT). Below, we analyze the mechanics of this relationship and its implications for the XRP/USDT trading pair. 1. Tariff Escalation and Its Macroeconomic Consequences 1.1 Direct Impact on China’s Economy A 60% tariff on Chinese exports to the U.S. would directly reduce China’s export competitiveness, potentially lowering its GDP growth by 1.5–2.5 percentage points annually, according to UBS economists. This slowdown would exacerbate existing vulnerabilities in China’s economy, including a property market crisis, weak domestic demand, and deflationary pressures (June 2024 CPI: 0.2% YoY). Reduced economic activity in China—the world’s second-largest economy—could dampen global trade volumes and commodity prices, indirectly affecting risk sentiment in financial markets. 1.2 Global Spillover Effects The UBS analysis highlights that retaliatory measures by China or other nations could amplify trade fragmentation, further destabilizing supply chains and corporate earnings. For example, the April 2025 announcement of 25% U.S. tariffs on automotive imports triggered a 2.9% drop in the S&P 500 and a 5–7% decline in major Asian equity indices. Such volatility often precedes broader risk aversion, as investors reassess exposure to growth-dependent assets. 2. Risk Aversion Dynamics in Cryptocurrency Markets 2.1 Flight to Safety and USD Appreciation During periods of economic uncertainty, capital typically flows into safe-haven assets like U.S. Treasuries and the dollar. Tether (USDT), a stable coin pegged 1:1 to the USD, often benefits from this dynamic as crypto traders seek stability. For instance, Bitcoin’s role as a “weak safe haven” for the USD in acute crises suggests that stable coins like USDT could see increased demand during tariff-induced turmoil, while altcoins like XRP face selling pressure. 2.2 XRP’s Sensitivity to Risk Sentiment XRP, unlike Bitcoin, lacks established safe-haven credentials. Its price action in Q2 2025 exemplifies this vulnerability: a 7.5% decline over 30 days (peaking at 2.57 USDT on March 19 and bottoming at 1.64 USDT on April 7). This volatility aligns with broader patterns where altcoins underperform during risk-off periods. A global slowdown would likely intensify this trend, as retail and institutional investors reduce exposure to speculative crypto assets. 3. Mechanism: From Tariffs to XRP/USDT Price Decline 3.1 Investor Behavior in Risk-Off Environments Tariff Announcements → Equity Market Sell-Off: The April 2025 auto tariffs caused a 6–7% drop in Asian equities, signaling growing risk aversion. Liquidity Reallocation: Investors exit equities and crypto (including XRP) to hold cash or cash equivalents like USDT. USD/USDT Demand Surge: Increased demand for USD lifts USDT’s relative value, pressuring XRP/USDT downward. 3.2 Technical and Fundamental Pressure on XRP Supply-Demand Imbalance: As sellers dominate XRP markets, the token’s price in USDT terms declines. The 14.56% 90-day volatility in XRP/USDT suggests heightened sensitivity to macroeconomic shocks. Liquidity Crunch: A broader crypto market downturn could reduce trading volumes, exacerbating price swings. 4. Historical Precedents and Limitations 4.1 Bitcoin’s Mixed Performance as a Hedge While Bitcoin has shown limited safe-haven properties for the USD in short-term crises, its decoupling from altcoins like XRP during stress periods is well-documented. For example, Bitcoin’s 40% rebound post-COVID crash contrasted with XRP’s prolonged slump in 2020–2021. 4.2 Mitigating Factors Stimulus Measures: If China implements aggressive fiscal stimulus, as UBS posits, a partial recovery in risk appetite could cushion XRP’s decline. Crypto-Specific Catalysts: Regulatory clarity or Ripple-related developments (e.g., SEC case resolutions) could counteract macro-driven selling. 5. Conclusion: Bearish Outlook for XRP/USDT in Tariff Scenario In a tariff-driven slowdown, the XRP/USDT pair faces downward pressure due to: Risk Aversion: Capital rotation from crypto to stable coins. USD Strength: USDT demand surges as a proxy for dollar safety. Altcoin Underperformance: Historical precedent of XRP lagging during macro stress. People interested should monitor China’s policy response and U.S. tariff implementation timelines, as these factors will determine the severity of XRP/USDT’s downside. A breach below the April 7 low of 1.64 USDT could signal prolonged bearish momentum. This analysis synthesizes macroeconomic triggers, market psychology, and cryptocurrency-specific dynamics to outline a plausible pathway for XRP/USDT depreciation amid escalating trade tensions. Not An Investment Advise
Short
by REUBEN_EUSTACE
4
Caution on Crypto, Tech, SPXI know its a mess, this is just for me anyway. I tend to overcomplicate things so now then, lets over simplify for my monkey brain: Trend line broken = Warning, thing are likely to change ( even though you didnt get the bull market you wanted) Watch said trend retest, look for weakness, struggling price action selling on the retest of the top lows last time would offer you 5% off the peako top, (Thats really good!! stop being a perfectionist) I am very much frustrated with this market, never got the crazy part I was waiting for. But the lack of euphoria is really not that unreasonable when you think about what has been goin on the past 5 years. Everyone is poorer liquidity has been super tight to curb inflation and we still got NASDAQ:NDX up 150% Coinbase NASDAQ:COIN did a 10x and I still am not happy(likely due to the max pain trade of my life COINBASE:ETHUSD ). I have realized that I have been hoping for another 2018 bull run. It may or may not happen, but I can't expect any market to reflect that in any significant way. Markets are much more dynamic than I give them credit for sometimes. They will rhyme but often in ways you do not expect and will not be made clear until that little bastard hindsight kicks in, showing you how obvious it was.
SP:SPXShort
by merchtank19
TradeCityPro | Bitcoin Daily Analysis #62👋 Welcome to TradeCity Pro! Let’s move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York. ⏳ 1-Hour Time Frame In the 1-hour time frame, as you can see, the price has a bullish structure that is still ongoing, and currently, one of the resistance levels at 85482 has been broken, and the probability of a bullish price move is high. ✔️ If you already have a position from the break of 85482, you have likely hit neither the target nor the stop-loss yet. The target for this position could be the 88502 zone. ✨ But if you don’t have an open position and are looking for a trigger, a price pullback to the 85482 zone with confirmation, or even a break of one of the short-term resistances in lower time frames, can be a suitable trigger for a short position. 📉 For a short position, if the price fakes the breakout of the 85482 resistance and moves downward, with confirmation in lower time frames and a break of the Fake Breakout trigger, we can enter a short position. The main short trigger is the break of the 83233 zone. 👑 BTC.D Analysis Let’s take a look at Bitcoin dominance. As you can see, dominance has started another bullish leg and after breaking 63.61, it reached 63.80, and now with the break of 63.80, it's ready to carry out its main bullish move. 🔼 For now, we see the trend in dominance as bullish, so long positions on Bitcoin and short positions on altcoins are suitable. 📅 Total2 Analysis Let’s take a look at the Total2 analysis. As I mentioned, since dominance is bullish, Bitcoin is moving more than altcoins. Right now, we can also see this in Total2, where momentum is less than Bitcoin and it has moved slightly away from its top, while Bitcoin has broken its high. 🔍 For a long position, the break of the 980 zone is still valid, and if it breaks, the price could move up to the 1.2 zone. For a short position, we have two triggers. 📉 The first trigger is the 956 zone, which is a good entry point but risky, and the chance of hitting stop-loss is high. The second trigger is the 947 zone, which is a more reliable trigger, but if it breaks, opening a position will be harder and we might not get a solid confirmation candle. 📅 USDT.D Analysis Let’s move on to Tether dominance. You could say the entire market is waiting for Tether dominance to move, and even Bitcoin, despite breaking its resistance, hasn't moved yet because the 5.39 zone in dominance hasn't broken. 🎲 This zone is a very important one, and if it breaks, we could see a bearish leg down to the 5.24 zone, which would push the market upward. The bullish trigger for dominance for now is the break of 5.53. ❌ 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.
Long
by tradecitypro
6
Potential Bullish Reversal Setup in LINK/USDTThe LINK/USDT pair recently experienced a false breakdown below the March low, followed by a strong recovery. This move appeared to be a liquidity grab beneath the psychological support level at 10.00, after which the market quickly reversed direction. In addition, the price action broke and closed above a descending trendline, which had previously signalled a corrective phase. Notably, the market also revisited a demand zone—an area where a major price rally originated in November 2024. If the price retraces back toward the support level near the trendline, historical behaviour suggests the potential for another upward move. This confluence of a false breakdown, a trendline breakout, and a revisit to a key demand zone points to a possible bullish reversal, provided the support continues to hold. The next significant resistance level is identified around 14.80
Long
by RTED_Investing
3
Bitcoin breaks resistance trend lineIn another sign of recovery, Bitcoin is trying to break away from a key short-term resistance trend line that has been in place since the cryptocurrency topped out in January this year at above $109K. BTC/USD has already reclaimed a few short-term levels such as FWB:83K and moved above the 21-day exponential moving average to provide the first objective bullish signal. More work is still needed before we get the all-clear, with the 200-day average and more importantly a key resistance range around $90K (specifically in the $88.8K to $91.2K range) to contend with. Still, we have a few tentative signs of a possible reversal, which is evidenced across risk assets including major stock indices. By Fawad Razaqzada, market analyst with FOREX.com
COINBASE:BTCUSD
by FOREXcom
1
TradeCityPro | AXS: Gaming Token at Risk of New Lows or Rebound?👋 Welcome to TradeCity Pro! In this analysis, I want to review the AXS coin for you. The AXS project is one of the crypto gaming projects, currently ranked 124 on CoinMarketCap with a market cap of $357 million. ⚡️ This project was highly hyped during the previous bull run in 2021, but after a while, the hype faded and we witnessed severe declines in this coin. It is still in a downtrend. 📅 Daily Time Frame In the daily time frame, as I mentioned, this coin has been in a long-term downtrend, and recently, with the break of the 4.193 level, the next leg of the trend has begun, and the price has moved downward. ✔️ In the previous analysis , if you remember, I told you that to buy this coin, you should wait for the price to stabilize above the 7.366 level, and if it stabilizes below 5.439, a drop could occur. 📉 As you can see, the price never stabilized above 7.366, and after breaking 5.439, a strong bearish trend began. I hope you used this trigger and made good profits from this bearish move. ⭐ We can draw a trendline from the price lows, and in every move the price has made, it has reacted to this dynamic area and started a new leg after some correction. 🧩 Currently, the price is near an important support at the 2.2 area, and both volume and RSI strongly indicate momentum. If this support breaks and RSI enters the oversold zone, we can expect a sharp bearish move from the price. 🎲 The next support the price has is at the 1.355 level, which is the most important price support, and in my opinion, if the price makes another bearish leg, it will react to this area. ⏳ 4-Hour Time Frame In the 4-hour time frame, as you can see, the price is in a descending channel and has now formed a range box at the bottom of the channel. 💫 The bottom of the box is at 2.2 and the top is at 2.431. A break of the box bottom can bring the price back to the box low again. A break of the box top can start a bullish leg up to the top of the channel. 💥 On the other hand, usually when a box forms at the bottom of a descending channel, the price goes through some time-based correction and likely ranges toward the channel midline. 🔍 Also, pay attention to the RSI oscillator. RSI entering the oversold zone confirms a short position, and a break of the 50 level confirms a long position. 📝 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! ❤️
Short
by tradecitypro
6