This currency has the possibility of patterning the corner and observes the rule of 3 edges and made a lot of corrections. It has the ability to grow a lot
? ? Entry Point: Enter below $0.383 (breakdown confirmation from the yellow resistance line). ❌ Stop Loss (SL): Set at $0.404 (above the recent resistance zone). ✅ Take Profit 1 (T1): Target $0.358 (red support line). ✅ Take Profit 2 (T2): Target $0.338 (green support line and next key level). ? Execution Tips: Confirmation: Wait for a clear bearish candle close below $0.383. Risk-to-Reward: Risk: SL ($0.404 - $0.383 = $0.021). Reward to T1: ($0.383 - $0.358 = $0.025). Reward to T2: ($0.383 - $0.338 = $0.045). Trail your stop loss after hitting T1 to lock in profits.
While many seem bullish on ADA, I’m keeping a cautious eye on its current price action. Here’s why: BTC has been pumping lately, but Cardano (ADA) has remained stuck in a range. This divergence has me expecting a bit more correction for ADA, especially if BTC experiences a retracement in the near term. Looking at the charts, I anticipate ADA might find its bottom around the midline channel, approximately $0.82. This level looks like a strong potential support zone where we could see some buyers stepping in.
In the last three sessions, EUR/CHF has risen nearly 1% , tilting the balance in favor of the euro as the Swiss franc weakens. Now, buying positions are preparing to face the most significant resistance that has acted as a barrier since August 2024. Solid Lateral Range: The movements in recent months have been indecisive, resulting in a consistent range between the ceiling at 0.94686 and the floor at 0.92997. The price has attempted to return to the upper part of the range in the short term, but recent indecisive candles cast doubt on whether there is sufficient strength to break through the barrier. RSI: The RSI line continues to show a highly positive slope and registers values above the neutral level of 50. However, recent readings indicate that the line is getting closer to the overbought level at 70, which could eventually signal a significant imbalance between buying and selling pressure, potentially leading to new bearish corrections. MACD: Both the MACD lines and the histogram remain above the neutral line at 0. However, the oscillations are not extreme enough to confirm a decisive bullish force. This may indicate a general sentiment of neutrality in the current resistance zone. Key Levels: 0.94686: A nearby resistance level coinciding with the top of the lateral range. Oscillations above this level could reignite bullish pressure and potentially end the current lateral formation. 0.93809 : A nearby support level that coincides with the midpoint of the lateral range. It also aligns with the 100-period moving average and the 38.2% Fibonacci level. Oscillations below this level could erase the current bullish pressure and maintain the lateral range. By Julian Pineda, CFA - Market Analyst
With NVIDIA surpassing APPLE as the worlds largest company in terms of market cap, we want to get your opinion on which one you think will reach $4 Trillion first. NVDA looks to have the momentum over AAPL but of course anything can happen. Fundamentals/ technicals aside, which do you think will become the world's first 4T dollar company? Follow us, like the idea and leave a comment below!!
? Welcome to TradeCityPro Channel! Let’s update the analysis of ICPUSDT, one of my favorite altcoins. We'll review the new triggers for potential early entries together. ? Overview Bitcoin Before diving into the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe. Bitcoin shows potential for upward movement, as recent candles have pushed its price higher. With increasing volume, it could even set a new ATH. A breakout above the 108454 trigger could present a risky long position with a wide stop-loss. As Bitcoin’s dominance is rising, this indicates that bullish movements may first occur in Bitcoin. It’s better to focus on Bitcoin or coins with a strong performance relative to Bitcoin. https://www.tradingview.com/x/s2gGdxya/ ?️♂️ Previous Analysis In our last analysis, the trigger for a long position was 12.476, but it was never activated. Instead, the price rejected from that level, breaking our lower timeframe trigger. Sellers took control, causing Fibonacci levels to be revisited and the price to move towards the 9.821 support. https://www.tradingview.com/chart/ICPUSDT/9IuvigIo-TradeCityPro-ICPUSDT-Missed-the-Market-Move-Don-t-FOMO/ ? Daily Timeframe Currently, after rejecting the 11.333 resistance, the price has entered a triangle pattern and is consolidating. A breakout from this triangle seems imminent. When the price rejected from 11.333, we observed increased volume, which isn’t ideal for bullish momentum as it highlights the strength of sellers. However, the price is now sitting on a critical support level, which is also the 0.618 Fibonacci level and the top of the daily box, now acting as daily support. The daily candle looks promising, sitting on a strong support level. You can consider buying based on this setup, but I prefer to wait for the continuation trendline to break or for the 11.333 trigger to be breached. The 11.333 level is especially significant after the recent rejection. If we see increased volume upon breaking it, I’ll enter a position myself. For exiting this coin, as long as we remain above $7, I’ll continue holding unless negative news arises. Keep in mind that my entry point is 3.582, which I previously mentioned. Exiting below $7 would still be in profit for me. However, I recommend exiting at current levels if your entry was higher. https://www.tradingview.com/x/873vD2zu/ ⏱ 4-Hour Timeframe After rejecting the 12.476 level, the price dropped to 9.466, where it seems to have stabilized, and bearish momentum has subsided. ? Short Position Trigger I’ll consider opening a short position if the 9.466 support is broken. Profits from this trade will be used to accumulate more ICP, effectively making my holdings cost-free. ? Long Position Trigger For a risky long position, you can enter after the continuation trendline breaks. Personally, I prefer waiting for the price to reach 11.411 and break that level before entering a long position. This ensures that momentum has entered the coin, allowing me to trade with greater confidence and potentially set a tighter stop-loss. https://www.tradingview.com/x/CY00abf1/ ? 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! ❤️
The price has broken through our LL. Now the question is: is this just a false breakout and will the price actually continue in the buy direction or will it continue in the sell direction after rebounding from the LL? To avoid bad trades, we need to wait for confirmation from the market. What do you think – will the price continue in the sell direction or is this just a false breakout and it will continue in the buy direction?
? Short Trade Setup: ? Entry Point: Enter below 10.85 (breakdown confirmation). ❌ Stop Loss: Set at 11.48 (above resistance). ✅ Take Profit 1 (T1): Target 10.29 (first support zone). ✅ Take Profit 2 (T2): Target 9.72 (next key support). ? Tips for Execution: Wait for a ? candle close below 10.85 to confirm the trade. ? Monitor Volume: Look for increased selling pressure ?. Trail your stop loss ?️ to secure profits after reaching T1. #WBA #ShortTrade #StockMarket #TechnicalAnalysis #TradingView #ChartSetup #RiskManagement #ProfitToPath #StockTrading #DayTrading #SwingTrading #CandlestickPatterns #SupportAndResistance #BearishTrend
Cuban explained that all proceeds from his hypothetical token would go directly toward reducing the nearly $36 trillion national debt
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