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TradeCityPro | Blur : Dynamic Support Holding👋 Welcome to TradeCityPro! In this analysis, I will explore Blur, a gaming project, focusing on the daily timeframe to assess its current price action and potential scenarios. 📅 Daily Timeframe: Correction to Dynamic Support On the daily chart, Blur has been following an ascending trendline that acts as a dynamic support, propelling the price upward after every interaction. 🔍 Recently, the price experienced a fake breakout below this dynamic support, which was quickly followed by increased buying volume and a surge in bullish momentum. As a result, Blur managed to break through the $0.2827 and $0.3314 resistance levels, climbing as high as $0.4438. 🔽 Currently, the price has corrected in two stages and returned to the $0.2827 level, which aligns with the dynamic support. The RSI, after breaking below the 50-level, has supported this deeper correction. If the dynamic support fails to hold and the price trend shifts, the primary support will be at $0.1464. 📈 If the resistance at $0.4438 is breached, the first target is $0.5539, a notable resistance level. The main target is $0.8077, the ATH, which doubles as a critical supply zone due to its significance in price history. ✨ The RSI lacks a clear bullish trigger currently, as no new structure has formed. However, if RSI confirms a bullish momentum resurgence and trading volume increases, the chances of breaking through $0.4438 will significantly improve. 🔑 Market Sentiment and Advice The market is currently undergoing broad corrections, causing FOMO and uncertainty among traders. However, these pullbacks are natural and essential for sustaining the market’s broader uptrend. 💥 Here’s a reminder for effective trading during volatile times: Avoid impulsive decisions driven by fear or greed. Ensure risk and capital management is a priority. Proper management safeguards you from significant losses during corrections, preserving capital for long-term growth. 📝 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! ❤️ above.
Long
by tradecitypro
25
TradeCityPro | Theta : Navigating Deep Corrections👋 Welcome to TradeCityPro! In this analysis, I will examine Theta in both the weekly and daily timeframes, providing a detailed breakdown of its market dynamics and critical levels. 📅 Weekly Timeframe: Price Reaches Supply Zone Again In the weekly timeframe, after forming a bottom structure around the $0.58 level, Theta initiated its first bullish wave, reaching the supply zone between $3.251 and $4.184 for the first time in this uptrend cycle. 🔍 Following the initial test of this resistance, the price corrected and established a higher low at $1.009, reinforcing its support. With the breakout above $1.654, the next bullish wave towards the supply zone began. 🚀 Currently, the price has been rejected from this supply zone with significant selling volume and has pulled back to $1.654. Sustained bullish momentum, characterized by sharp upward movements and dominant green candles, will require a breakout and consolidation above the supply zone. ✅ Upon clearing this resistance, Theta could rally towards the ATH at $12.978, with potential for further targets and a new ATH if $12.978 is surpassed. 🔽 A break below RSI 50 may lead to continued corrections, potentially revisiting $1.009. Despite this, as long as the price holds above $1.009, the market outlook remains bullish. Confirmation of a trend reversal would occur with a breakdown of this level, targeting the key $0.58 support, which remains a critical demand zone. 📈 RSI support at 50 and renewed buying volume could propel the price back towards the supply zone with stronger momentum. 📅 Daily Timeframe: Deep Correction in Progress On the daily chart, the most recent bullish wave is visible in greater detail. Applying a Fibonacci Retracement, the price initially corrected to the 0.382 level, followed by a deeper correction after breaking the $2.257 low, extending to the 0.618 Fibonacci level. 📉 If the correction continues, the final retracement level, 0.786 Fibonacci, aligns with the $1.628 support, forming a Potential Reversal Zone (PRZ). A failure to hold $1.628 could see the price drop to $1.009, as noted in the weekly analysis. Currently, bearish volume is increasing, signaling potential challenges for a bullish recovery in the short term. 🔼 A bullish breakout would require strong buying volume, but opening long positions near the supply zone carries significant risk. Instead, consider entering positions at lower levels where price action provides a clear trigger to reduce stress as the price approaches the supply zone. 📝 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! ❤️ above.
Long
by tradecitypro
3
TradeCityPro | MAGICUSDT Market Correction and Fear!👋 Welcome to TradeCityPro Channel! Let’s take a look together at a so-called bloody day in the market, as some friends call it, with a quick glance at the chart to analyze the events and help you make more thoughtful decisions without acting on your emotions. 🌟 Bitcoin Overview Before starting the analysis, as usual, let’s take a look at Bitcoin. On the 1-hour timeframe, Bitcoin is experiencing red candles with high volume, indicating that it is currently correcting on its higher timeframe. However, this event is accompanied by an increase in Bitcoin dominance, leading to more significant altcoin sell-offs. Naturally, altcoins are seeing larger red candles and experiencing steeper declines. But does this mean that the trend is changing? From my perspective, no, and as long as Bitcoin remains above $80,000, we are still bullish and have no reason to exit. These red candles are merely corrections, which are entirely natural, as the market hasn’t seen any significant profit-taking since Bitcoin broke above $73,000. Make logical decisions, and during a bull market, don’t sell your assets prematurely unless they hit your predefined levels. 🌞 Daily Timeframe On the daily timeframe, MAGIC broke out of its 112-day range and resistance at $0.4302, moving toward the $0.7130 resistance, almost matching the size of its previous range. Typically, the risk-to-reward ratio of patterns leads to the formation of significant support or resistance levels, shaping collective decisions. After facing rejection and forming a lower high, MAGIC broke below $0.5573 and returned to the weekly box and support at $0.4302, which can act as a strong support for slowing down the bearish momentum and reversing it. Currently, bearish momentum remains strong, and I refrain from buying during declines. However, if the support fails or the RSI re-enters its range, this could serve as a trigger for entry. For now, I prefer to watch, and if there is a significant reversal candle, it will be a pleasant surprise due to the strong momentum, with my stop-loss level already defined. These conditions occur in bull markets and are completely natural. So, avoid FOMO and don’t let your emotions guide your decisions. Practice risk and capital management, follow the analyses, and define your levels. For example, as long as Bitcoin remains above $80,000, I won’t sell and will even look for entry triggers. Futures positions currently make little sense, but if you have any, be sure to take profits and avoid greed! 📝 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! ❤️
by tradecitypro
11
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks. But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
4
Nobody appreciates it !!!The price is within an ascending wedge and this can be a bullish signal for Dogecoin. However, we need to wait for this wedge to be broken and then wait for the price to rise. Currently, the price can be bearish because more funds have been injected into Bitcoin to allow Bitcoin to find more stability in the coming days. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
9
How This #1 Chart Pattern WorksIts been a crazy week as the markets are cold going down into a bear market. I was feeling very sad these past 2 days. But after a special discussion i had With a group of guys, i felt much better. This encouraged me to refine my trading system It makes it so simple that i won't have to think too much about it. This allowed me to stumble into a a Blue Ocean strategy for trading the commodities market Now look at this pattern have you noticed the 3 green candles? According to chart patterns on NYMEX:NG1! what type of candlestick chart pattern is this? This chart pattern, has a consolidation period meaning it will go flat and so you have to account for risk management before you engage in this type of trade. Once you understand this chart pattern you are well on your way to understand the last step in the rocket booster strategy To learn more about the rocket booster strategy check out the resources below. Rocket boost this content to learn more. Disclaimer: Trading is risky please use a simulation trading tool before you trade with real money
NYMEX:NG1!Long
by lubosi
Stock Analysis Report: Aurobindo Pharma Ltd.Overview: The chart presents a technical analysis of Aurobindo Pharma Ltd. on a daily timeframe. The stock shows a recovery pattern with a visible RSI divergence, indicating a potential bullish reversal. Key Observations: 1.RSI Divergence: A bullish divergence is identified as the price made lower lows while the RSI formed higher lows, signaling waning bearish momentum and the likelihood of an upward move. 2.Critical Support Levels: Immediate support is marked at ₹1,273.35, corresponding to the 200-day moving average. A strong base exists at ₹1,199.40 and ₹1,101.55, which acted as previous demand zones. 3.Potential Resistance Zones: Initial resistance levels are observed at ₹1,310.80 and ₹1,346.60. Major resistance is seen at ₹1,403.25 and ₹1,450.35, where the stock could face selling pressure. 4.Buying Strategy: Enter long positions only if the price stabilizes above ₹1,273.35, confirming support. Watch for a breakout above ₹1,310.80 for momentum trades targeting higher resistance levels. 5.Volume Analysis: Increased volume on recent upward moves supports the bullish sentiment. Monitor volume patterns for confirmation of breakouts or trend reversals. Conclusion: Aurobindo Pharma shows signs of a potential bullish reversal. Traders should closely observe the ₹1,273.35 support level and enter only upon confirmation. Targets are placed at ₹1,310.80, ₹1,346.60, and beyond. Implement proper risk management to account for potential volatility.
NSE:AUROPHARMALong
by AngshumanSaikia
The #1 Reason The Market Crashed It's almost impossible to believe this Market crash! But it's Happening I remember Reading a newsletter by a trading veteran. And he kept comparing the price of NASDAQ:NVDA To the late 2000's stock market bubble And he kept commenting on how this bubble will end. The stock market had a flash crash ⬇️ And this is a signal that the A.I. Boom Is over. Now does this mean that the A.I. technology has no use? Not at all.It just means where are in a 🐻 bear market. And this market may last for the next 6months. Also this gives me a chance to share the 🚀 Rocket booster strategy. Look at this Chart NASDAQ:AMD It has 3 Steps: == #1-The price has to be below the 50 EMA #2-The price has to be below the 200 EMA #3-The price has to gap down == Now that last step is the key to this strategy the "gap" is basically price action. To learn more about price action please study about candlestick patterns This will give you a boost to understanding your entry and exits Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not. Also use a simulation trading account before you use real money
NASDAQ:AMDShort
by lubosi
TradeCityPro | THETAUSDT Has the Market Turned Bearish?👋 Welcome to TradeCityPro Channel! Let’s analyze a day when the market experienced slight corrections, with some coins recording red candles and traders feeling FOMO, moving away from the market. This is the best time to review triggers. 🌟 Bitcoin Overview As always, let’s start with Bitcoin analysis. In the one-hour timeframe, we are witnessing bearish candles, which are merely rejections of the new ATH. Such corrections are not concerning as they come with reduced volume. Bitcoin dominance has also been ranging, causing slight corrections across all altcoins. Coins bearish in their Bitcoin pairs have seen more significant declines, while those bullish in their Bitcoin pairs are showing better resilience. 📅 Weekly Timeframe In the weekly timeframe, THETA is one of the coins that previously had a strong movement. Earlier in 2024, it hit a new high compared to 2023, bouncing back from the 1.028 support level, which gives it a better edge than many other coins. Recently, after breaking the 1.667 resistance, which was our entry trigger, it has reached the early 2024 resistance level and is now reacting to it. Following the correction and red candles, the declining volume indicates a positive sign for the upward trend. The RSI is pulling back toward the overbought zone. If the RSI climbs back up from this level, we can anticipate another sharp move. If you entered with our trigger, it’s reasonable to hold your position for now as you have a solid entry point. For those looking to enter again, either wait for a correction or buy after breaking the 3.136 level with a large stop loss at 1.667. However, this would be a riskier entry. 🌞 Daily Timeframe In the daily timeframe, after breaking out of the accumulation box between 1.543 and 3.136, THETA has experienced a 100% upward movement, providing an excellent profit opportunity. Throughout this uptrend, we’ve seen an increase in volume, which has subsequently decreased during corrections. Even when red candles appear, the reduction in volume is a positive signal for the coin’s long-term trajectory. Based on Fibonacci levels, potential supports are at 2.349, 2.011, and 1.543. After confirmation at any of these levels, long positions can be entered. For continued momentum, breaking the 3.136 level with a stop loss at 2.349 can be considered a riskier option. ⏰ 4-Hour Timeframe In the four-hour timeframe, the coin is moving within a short-term box between 2.534 and 2.749, accompanied by reduced volume and consolidation. This suggests that a breakout is likely soon. 📈 Long Position Trigger breaking the 2.749 level could trigger a trade, as the 3.136 breakout is expected to be led by whales. However, if you miss the 2.749 breakout, 3.136 can also serve as an entry. 📉 Short Position Trigger they are not currently recommended. However, a break below the 2.534 level could offer a risky short setup. Ensure small stop losses and quick profit-taking, as extended downside seems unlikely. 💡 BTC Pair Insight In the Bitcoin pair, THETA is just starting to show strength. It has recently reached its weekly resistance level and has a long way to go before its ATH. Once it establishes a higher low and breaks the 0.00003042 resistance, it could begin a strong upward movement. Stay patient and avoid FOMO if you’ve missed this move. Many other coins in the channel have not yet triggered their entries. 📝 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! ❤️
Long
by tradecitypro
15
TradeCityPro | ENS : Navigating Critical Levels👋 Welcome to TradeCityPro! In this analysis, I’ll evaluate ENS across the daily and 4-hour timeframes. This Web3 project offers an innovative service allowing users to purchase wallet domains, making it a standout in its sector. 📅 Daily Timeframe: Pullback to the Critical Zone On the daily timeframe, ENS has been trading within a broad range since early 2024, oscillating between $12.44 and $32. Despite the large range and significant price volatility, the market hasn’t established a clear trend, repeatedly moving from the bottom to the top of this box. 📈 Recently, alongside Bitcoin’s ATH breakout, ENS broke through the $20.92 resistance, which marked the Medium Wave Cycle resistance. This breakout introduced strong bullish momentum, leading to the price surpassing the $32 resistance as well. After breaking this level, the price retraced to $32 for a pullback and is now preparing for another upward movement. ✨ The next significant resistance for ENS is $47.96, a level previously tested once before. Currently, the price is approaching this zone for a second test. Despite the negative divergence observed in the RSI and trading volume, this is typical in high-momentum uptrends. A successful breakout of $47.96 could propel the price toward the ATH at $77.99. 🔽 In case of a pullback, the $32 zone remains critical support, already tested once. For deeper corrections, the $20.92 level is the next important zone, and losing this level would entirely erode the bullish momentum, pushing the price toward $15.83 and potentially $12.44. ✅ The range between $12.44 and $15.83 represents a key demand zone, which could act as a significant barrier against further declines. For deeper corrections, the first RSI trigger would be a breakdown below 54.66. ⏳ 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, I’ll focus specifically on futures triggers, as the main scenarios were detailed in the daily timeframe. 🔼 A breakout above $48.59 provides a suitable long entry. Defining precise targets in advance is challenging, as potential targets come from historical price levels. It’s better to wait for the price to establish a new structure and use that to identify subsequent resistance levels. 📉 A breakdown below $40.96 is a highly risky short entry, with low confidence in hitting the target. However, if a deep correction begins, this trigger could yield significant profits.Additional support levels include $32.86, $25.65, and $21.36. Breaking each of these could activate further short triggers, but for now, all short setups carry significant risk, as the market hasn’t confirmed a trend reversal. 📝 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! ❤️ above.
Long
by tradecitypro
13
Did you Know ?!!!Did you really think that profiting from the current bull run (a comprehensive upward market) would be easy? Don't be naive. Do you think they will let you buy, hold, and sell at low levels without any struggle? If it were that simple, everyone would be rich. But the truth is: 90% of you will lose. Why? Because the crypto market is not designed for everyone to win. They will shake you. They will make you doubt everything. They will panic you and sell at the worst possible moment. Do you know what happens next? The best players in this game buy when there is fear, not sell; because your panic gives them cheap assets. This is how the game goes: strong hands feed off weak hands. They exaggerate every dip, every correction, every sale. They make it look like the end of the world so that you abandon everything, and when the market starts up again, you'll sit there saying, "What the heck just happened?" This is not an accident. It's a system. The market rewards patience and punishes weak emotions. The big players already know your thoughts. They know exactly when and how to stir fear to make you give up. Because when you panic, they profit. They don't play the market. They play you. That's why most people never succeed. Because they fall into the same traps over and over again. People don't realize that dips, FUD (fear, uncertainty, doubt), and panic are all part of the plan. But the winners? They digest the noise. They know that fear is temporary, but smart decisions last forever. We've seen this hundreds of times. They pump the market after you sell. They take your assets, hold them, and sell them to you at the top, leaving you with nothing, wondering how it happened. Don't play their game. Play your own.
Education
by CobraVanguard
8
Bitcoin Outlook after the Dip. What to expect NOW?if Bitcoin cannot hold the $130,000 range, the price could drop to around $100,000 or even lower. After that, it can continue its growth again. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
MYRO has good signals for continuing the bullish movementAfter this heavy drop, MYRO has now formed an ascending triangle in the 2-h time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 2-h time frame . Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
TradeCityPro | CRVUSDT Favorite Among Ethereum Whales👋 Welcome to TradeCityPro Channel! Let’s analyze CRV, one of the older and more popular coins in the DeFi space, previously a staple in many crypto whales' wallets. 🌟 Bitcoin Overview Before diving into CRV, let’s take a quick look at Bitcoin. It recently hit a new ATH but faced a heavy rejection on the 1-hour timeframe, triggering significant selling pressure in the market. Remember, these kinds of candles are typical during bull runs. They may appear bearish on higher timeframes, but they often induce FOMO and panic selling, leading to potential buying opportunities. 📅 Weekly Timeframe Analysis After losing its critical support at 0.4107, CRV dropped to 0.2219. Following a decrease in selling pressure, the coin consolidated for several weeks in a box range. With renewed whale interest, significant buying volume pushed the price up by 350%, breaking the box and daily resistance. The rally was capped at 1.2060, where CRV has been trading below for the past two weeks. If you entered the market after the box breakout, you should already have a reasonable profit. You can either take partial profits or withdraw your initial investment, holding the remaining position as "free tokens." If you missed the rally, it’s currently not an ideal entry point due to the large stop loss required. Wait for either a time-based correction (range-bound movement) or a price correction to 0.8065, which serves as the next major support level. 🌞 Daily Timeframe On the daily chart, CRV moved upward after breaking out of the 0.2219 – 0.3169 range and is now trading below the 1.251 resistance. Support: 1.0522 (lower timeframe), 0.7985, and 0.6217 for potential price corrections. Resistance: A break above 1.251 could lead to higher price targets, with the first at 1.9109. breakout above 1.2510 may provide a momentum-based entry, but it’s riskier than the earlier entry at 0.3169. Wait for confirmation, such as volume increase and RSI movement, before entering. ⏰ 4-Hour Timeframe On the 4-hour chart, CRV has tested the 1.2693 resistance twice. This level could act as a key trigger for future positions. 📈 Long Position Trigger Open a long position after breaking 1.2693, with confirmation through increased volume and RSI entering the overbought zone. This is a weekly resistance, so a fake breakout is likely if volume is low. 📉 Short Position Trigger No short positions are being considered for now, as they go against the current trend. Instead, focus on finding setups in other coins or monitoring CRV for better opportunities. 💡 BTC Pair Insight Against Bitcoin, CRV has been in a prolonged downtrend but recently started to recover after breaking 0.00000528. However, the real bullish movement will begin only after breaking 0.00001223, forming higher lows, and continuing its upward trend. Avoid FOMO. If you miss CRV, there are plenty of other opportunities in the market. 📝 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! ❤️
Long
by tradecitypro
42
ETH: This May Be Your Last Chance Before Exploding to Upside !!I believe Ethereum is significantly undervalued at its current price. I have set a price target of $7000 for Ethereum. Currently, the price is forming an ascending triangle, and there is a bullish divergence on the weekly chart. This bullish signal is noteworthy and shouldn't be overlooked. With this in mind, there is a strong possibility that Ethereum's price could at least double from its current level in the coming year.In the meantime, five upward waves have started. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
5
TradeCityPro | ETH : Testing Key Levels with Volume Weakness👋 Welcome to TradeCityPro! In this analysis, I’ll review Ethereum (ETH) across the daily and 4-hour timeframes. For a deeper perspective and additional timeframes, you can check my previous analysis linked in the Related Publications section. 📅 Daily Timeframe: Retesting the 4029 Zone On the daily timeframe, ETH is respecting a weekly ascending trendline that has shown significant reactions. In the Accumulation Zone between 2199 and 2760, the price responded three times, leading to a breakout and a strong upward movement toward the 3547 resistance. 🚀 The 3547 resistance initially seemed strong, but given the market’s high momentum, it was broken on the first attempt, allowing the price to test the critical 4029 resistance. ✅ The 4029 level is extremely significant, as a breakout here could initiate Ethereum’s primary bullish trend, with the next target being the ATH resistance at 4833. Higher targets were detailed in my previous analysis, accessible in the Related Publications. 🔍 However, 4029 is also a major supply zone, where many long-term ETH holders might take profits, increasing the likelihood of a correction. ETH already retraced once to 3547, which now acts as a minor support. In case of a deeper pullback, the price could revisit the Support Zone marked on the chart. 🧩 Signs of a possible correction include the RSI breaking below 50, decreasing buying volume, and increasing selling pressure. 📉 If the Support Zone fails, the bullish momentum will temporarily fade, invalidating the current uptrend. In this case, the weekly ascending trendline becomes the first key support, followed by 2199, a critical demand zone and the “last line of defense” for ETH. ⏳ 4-Hour Timeframe: Moving in an Ascending Channel with Declining Volume On the 4-hour timeframe, ETH is moving within an ascending channel, which is clearly visible across many charts. Currently, the price is interacting with the midline of this channel. 🔽 Following the first test of the 4059 resistance, market volume has been decreasing, and ETH has been ranging between 3547 and 4059. Additionally, the RSI is showing a bearish divergence, with a trigger confirmation if the RSI drops below 50. 🔑 These signs of trend weakness could lead to a correction or even a potential trend reversal. However, it’s important to note that in High Wave Cycles (HWC), it’s natural to see temporary weaknesses in the Low Wave Cycle (LWC) or Medium Wave Cycle (MWC), as the overall trend remains bullish. ✨ Given this context, I still view ETH’s trend as bullish. While the 4-hour timeframe shows slight weakness, this hasn’t significantly impacted the broader market momentum. A breakout above 4059 would validate a long position. 💥 On the downside, if a correction occurs, the support zones highlighted in the daily timeframe remain key areas for potential reversals. If the correction is shallow, the channel’s lower boundary will act as a strong support. 📝 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! ❤️ above.
Long
by tradecitypro
30