ETH price drop after stop hunter . Ethereum grows in price to stop those who buy shorts and then suddenly drops.
? Welcome to TradeCityPro! Today's analysis will focus on NEAR, a Layer 1 and AI crypto project with a market cap of $3.17 billion, ranking 31st on CoinMarketCap. ? Weekly Timeframe In the weekly timeframe, as you can see, following an upward leg from $0.993 to $8.298, a range box formed over a year from $3.615 to $8.298. Recently, with the market's downturn, the price finally broke below this box's floor at $3.615. ✅ Currently, the price has pulled back to this area after breaking $3.615 and has dropped to $2.574, where it's currently forming a supportive green candle. ⚡️ The $2.574 area is robust, showing positive price response, and it remains to be seen what happens next. If this support breaks, the price could move towards lower areas like $1.830 and $0.993. ? Conversely, if the price can sustain this support and move above $3.615, a significant upward momentum could enter the market, potentially driving the price at least up to $8.298. A break above $8.298 could see the next target at $16.839. ? Market volume has increased following the range break, which is natural as the price has finally moved out of a range, and increased volume has entered. Continuation of this volume increase could heighten the likelihood of breaking $2.574. https://www.tradingview.com/x/iQS7itcK/ ? Daily Timeframe In the daily timeframe, we can observe more detailed price movements. ? As seen, the main support at $3.615 has broken, and subsequently, a price box formed between $2.804 and $3.615. Coinciding with an RSI divergence, the floor at $2.804 broke, and the price dropped to $2.161. ? Currently, the price is correcting back towards the $2.804 area. Market volume is rising, and the RSI divergence trigger has not yet been activated, indicating ongoing bearish momentum. ? If the RSI breaks the 50 area, the divergence could impact the market and eliminate the bearish momentum. This would be the first sign of a trend change, but the main ceiling at $3.615 must be broken to confirm a trend reversal. ? For short positions, breaking the $2.161 area is suitable, and if this area breaks, the price could drop to $1.682. For long positions, breaking $2.804 is a risky trigger, with the main trigger at $3.615 for a more solid 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! ❤️
BTCUSD Technical analysis BTCUSD short trade setup btc can do this becouse btc reject my prevous predict level. we can see good sell from here manage your risk. not financial advise.
Just recently opened a long position on Brett. Targeting $0.03425 area
From the point where we placed an arrow on the chart, it appears that Litecoin's complex correction has begun. Currently, we seem to be in wave C of this correction. Wave C, based on the 3D structure, could end at demand 1, leading to wave D, which is a bullish wave. However, ultimately, wave E could conclude within the demand 2 zone. Liquidity pools for waves C and E are marked on the chart, and it is expected that each will be swept in turn. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
overall bullish look if the triple bottom pattern is completed
? Market Structure: Uptrend vs. Downtrend ? Uptrend Market Structure (Higher Highs & Higher Lows) Price makes higher highs (HH) and higher lows (HL). Indicates buyers are in control. Traders look for buying opportunities at key support levels. Example Structure: ? HH → HL → Higher HH → Higher HL (trend continuation). ? Downtrend Market Structure (Lower Highs & Lower Lows) Price forms lower highs (LH) and lower lows (LL). Sellers dominate the market. Traders look for selling opportunities at resistance levels. Example Structure: ? LL → LH → Lower LL → Lower LH (trend continuation). ? Steps to Trade Trends Effectively 1️⃣ Identify the Trend ✅ Use a higher timeframe (H4, D1, W1) to determine the major trend. ✅ Look for HH & HL (uptrend) or LH & LL (downtrend). ✅ Use trendlines, moving averages, and price action for confirmation. 2️⃣ Find Key Support & Resistance Levels ✅ Use previous swing highs and swing lows to mark key levels. ✅ Identify trendline support & resistance zones. ✅ Look for breakouts or retests for entry confirmation. 3️⃣ Use Technical Indicators for Confirmation ? Moving Averages (MA) – 50 EMA & 200 EMA for trend direction. ? RSI (Relative Strength Index) – Overbought (>70) or Oversold (
Gold (XAU/USD) has recently broken out of a symmetrical triangle pattern, signaling strong bullish momentum. This breakout was accompanied by a price surge of approximately 4.47%, pushing the price towards the $3,005 resistance level. The question now is: Will gold continue its bullish trend, or will we see a pullback before the next move? ? Technical Analysis: 1️⃣ Symmetrical Triangle Breakout The symmetrical triangle pattern formed over several weeks, with price consolidating within the narrowing structure. A clear breakout above the triangle confirms the bullish momentum, suggesting further upside potential. 2️⃣ Measured Move Target The breakout's measured move (equal to the height of the triangle) projects a potential target near $3,056. This level aligns with a historical resistance zone, making it a key level to watch. 3️⃣ Key Support & Resistance Levels ✅ Resistance: $3,005 – Recent high where price is currently facing resistance. $3,056 – Next major upside target, based on the breakout projection. ✅ Support: $2,931 – Previous breakout zone; a retest could confirm support before another rally. Ascending Trendline – Acting as dynamic support for the ongoing uptrend. ? Potential Scenarios to Watch: ✅ Bullish Case: Trend Continuation If the price consolidates above $2,984-$2,931, buyers may push gold towards $3,056 and beyond. A strong breakout above $3,005 with volume confirmation will likely signal further bullish strength. ❌ Bearish Case: Pullback Before Rally Gold may retrace towards $2,931 (previous resistance turned support) before resuming its uptrend. A break below $2,931 could lead to deeper retracement, possibly testing the ascending trendline. ? Trading Strategy & Considerations: ? Bullish Traders: Watch for support at $2,931 and a break above $3,005 for confirmation of the next bullish leg. ? Bearish Traders: Look for a failed breakout above $3,005 or a rejection at $3,056 for short-term pullback opportunities. ? Final Thoughts: Gold remains in a strong uptrend, with bullish momentum intact. However, a pullback before the next leg up remains a possibility. Traders should monitor key levels and price action confirmations for the next move. ? What’s your outlook on gold? Drop your thoughts in the comments!
Technical summary 1D- price is in a corrective upward move in reference to the overall downtrend. Momentum has started decreasing indicating we a near a potential are where price can start falling once again....BUT it can easily go to 1.30414 before beginning the descent. 4H- RSI divergence is evident indicating a change of trend is likely to occur, I don't think it has completed forming so we shouldn't rush to sell as of now LOWER TFs- There is no a clear CHoCH yet....so it still can rise before considering to fall Fundamental summary Wednesday and Thursday next week are full of high impact news such as FOMC and unemployment claims, so we should expect some crazy moves during those times. Not advised to enter any position shortly before now release if you are not an experienced fundamental trader.
? SOLUSDT (30M) Analysis - Should You Short? Based on the 30-minute timeframe, SOL is currently trading at 132.85 USDT (-0.52%). Here’s an analysis to help you decide whether to open a short position. ⸻ ? Factors Supporting a Short Position ✅ Bearish Signal (50% Down) • Increased selling pressure with indicators signaling a potential downtrend. ✅ Fibonacci Retracement Suggesting Downside Targets • TP1: 130.31 USDT (-4.5%) • TP2: 128.48 USDT (-6%) • TP3: 126.64 USDT (-7.6%) • TP4: 124.02 USDT (-9.8%) • TP5: 122.46 USDT (-11%) • TP6: 120.69 USDT (-12.9%) ✅ EMA 20 Acting as Resistance • If the price stays below the EMA 20, it could confirm a continued downtrend. ✅ Key Support Level at 130.11 USDT • If SOL breaks below this level, the price may drop further toward 128 - 126 USDT. ⸻ ? Risk Factors to Consider Before Shorting ❌ Support at 130.11 USDT May Cause a Bounce • Monitor whether SOL holds above this level before entering a short position. ❌ Stop Loss at 139.93 USDT (If the Price Reverses Upward) • If SOL breaks above the 136 - 139 USDT resistance zone, it could flip bullish instead. ⸻ ? Recommended Trading Strategy ? Short Entry Conditions: • If SOL closes below 130.11 USDT, a short position targeting 128 - 126 USDT could be considered. • If SOL retests the 136 - 139 USDT resistance and gets rejected, a short entry may be valid. ? Long Entry Conditions (If Trend Reverses to Bullish): • If SOL breaks above 139 USDT, wait for confirmation before considering a long position. ⸻ ✅ Final Recommendation • Wait for a break below 130.11 USDT before shorting for better confirmation. • Set a stop loss at 139.93 USDT to manage risk. • Use volume and RSI indicators for further validation. ? Overall: Shorting is viable if SOL breaks below 130.11 USDT, but monitor support levels closely! ?