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Support and Resistance

ANTICIPATED (BITCOIN) 4H+ SWING IDEA Currently, BITCOIN is on an overall uptrend but at the moment making retracements downwards to fill LQ gaps and balance its price level before pushing further upwards to hit new highs and levels, so my speculation identifies its current price at $95k. Which is expected to move further down to a visisble order block (OB) situated around GETTEX:87K Level before heading back up but if it breaks further below to $80K then we restrategize and make decisions according to what the market shows us or what we may see after. NOTE: That my Speculations & Analysis are not Financial Advice but strictly only for educational purposes only I won't be held liable for any losses incured, Trade Responsibly.
COINBASE:BTCUSD
by BlaedTrading
Is Micro strategy about to collapse 70% in 2024??There is a number of reasons for this outlook. 1) Price action and RSI support breakouts. (price action breakout observable on regular chart, this is a logarithmic). 2) Strong negative divergence between price action and the oscillators. The strongest recorded since 2018 when it was bullish. Same oscillators. 3) The long ideas on this platform and elsewhere is incredible. Everyone is bullish on Saylor shill. Like Pied Piper leading his flock out to sea, they gladly follow. 4) Why 70% ?? Very simple, it is a first confirmed level of support. There is nothing between here and there without confirmed support. Is it possible price action continues upwards? Sure. Is it probable? No. Ww
NASDAQ:MSTRShort
by without_worries
10
I came back with ADA **🔴 Cycles Analysis for BINANCE:ADAUSDT ** 1. **Cycles Overview:** - **HWC (Higher-Wave Cycle):** Price is range-bound (fluctuating within a specific range) with no clear direction. - **MWC (Medium-Wave Cycle):** Downtrend. Therefore, the likelihood of continued downward movement is higher. - **LWC (Lower-Wave Cycle):** Range-bound movement. - **Conclusion:** A slight bearish tendency due to overall cycle dynamics. --- **🔍 Key Breakout Strategy:** My goal is to identify price interactions with resistance and trend lines. Observing these areas helps: 1. **Likelihood of Breakout:** Determine which levels are more likely to break. 2. **Buyer and Seller Strength:** Analyze which group (buyers or sellers) holds more power. For beginners: a breakout refers to a price moving outside a defined support or resistance level, often signaling a strong directional move. --- **💎 Long Position Setup:** - **Trend Line Analysis:** - The trend line has multiple touches, increasing the probability of a breakout. - In the **15-minute timeframe**, a decline in volume (a decrease in the number of trades) was observed as the price approached the trend line, indicating potential weakness. - **Key Considerations:** - Keep the cycles in mind! Given the slight bearish tendency, opening a long position carries higher risk. Ensure proper risk management. --- **🔻 Short Position Setup:** - **Key Resistance Level:** $0.8587. - **Wait and Observe:** Allow the price to test this level to assess its reaction. Watch for: - Volume spikes, which might indicate a price rejection (when sellers overpower buyers at a certain level). - Confirmation of selling pressure to initiate a short position. --- **🛑 Risk Management Reminder:** Capital management is the cornerstone of trading success and survival. Reduce risk when market conditions are uncertain, and always adapt your strategy to the current market environment. --- **✨ Final Thoughts:** This analysis highlights the importance of understanding cycles, volume trends, and price action at key levels. If the price breaks above $0.8587, it could signal a bullish reversal, while rejection at this level may confirm continued bearish pressure. 📢 **Do you agree with this analysis? Share your thoughts or let me know if there’s a specific coin you’d like me to analyze next!** 🪯
by parsa_xa
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone. 💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation. 💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet. 💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes. 💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop. 🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ETHEREUM 1 HR ANALYSIS 🚨 ETHEREUM 1-Hour Analysis 🚨 Here’s what we’re watching: 📈 Upside Targets: • TP1:3400 • TP2: 3450 📉 Downside Targets: • TP1: 3300 • TP2: 3266 So we have to watch out for $3370- $3350 level. If ETH stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit) Keep an eye on key levels and trade smart! 💹 What’s your take? Drop a comment below and share this with your trading crew! 🚀
COINBASE:ETHUSD
by ProfitMatrix
Buy gold first, then short gold at the right timeBros, after reaching the 2622 level, gold has gradually pulled back and is now trading near 2600. Fortunately, we managed to capture the short-term peak and closed our long positions near 2622, successfully locking in profits. However, following the pullback, I have re-entered long positions in gold. I initiated a buy position around 2606, and as gold dipped further to approximately 2600, I added to my position with the same lot size. The psychological support level at 2600 remains a critical threshold, and it’s unlikely to be decisively breached in the short term during the market’s tug-of-war. Therefore, gold bulls may recover some ground during this phase, which is why I remain committed to taking long positions in the short term. That said, given the strength of bearish momentum as gold declines, expectations for the rebound’s upside potential should be adjusted downward to the 2610-2615 range. If gold’s momentum remains weak after testing this range, we can then consider initiating short positions once again. Bros, are you bullish on gold rebounding and regaining some lost ground? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
BTC/USD - Critical Technical Setup: Fake Breakout Alert TECHNICAL ANALYSIS: 🚨 Market Structure: - Price: $91,644 (-1.84%) - Timeframe: Daily (1D) - Exchange: Bitstamp Key Elements: - Strong resistance zone: $105,000-110,000 - Potential fake breakout warning - FVG (Fair Value Gap) identified on 1W timeframe - Multiple trendlines converging Projected Scenario: - Current fake breakout pattern suggests potential reversal - Initial pump to $115,000-120,000 zone - Sharp reversal target: $95,000-92,000 - Critical support zone: $85,000-88,000 Risk Management: ▪️ Key Resistance: $110,000 ▪️ Support: $88,000 - 86,000 ▪️ Yellow Trendline: Critical for bullish structure Timeframe: Daily Pattern: Fake Breakout Setup Bias: Cautious, potential distribution phase Note: High-risk setup. Capital preservation is crucial. Not financial advice. #Bitcoin #BTC #TechnicalAnalysis #Crypto
BITSTAMP:BTCUSDShort
by Supachai-Taechapisit
BTCUSD.market target 92800entry point 91800 stop loss 91000Here's a summary of your trade plan for BTC/USD: Trade Plan 1. _Target_: $92,800 2. _Entry Point_: $91,800 3. _Stop Loss_: $91,000 Your plan indicates a bullish outlook, expecting the Bitcoin price to rise from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, regulatory updates, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current BTC/USD market data, analysis, or insights? 100% perfect signal my Telegram link join
BITSTAMP:BTCUSDLong
by Stevenexpert
Gold is Ready to Attack to Heavy Support zone!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the 100_SMA(Daily) , the Support zone($2,613-$2,608) , and the lower line of the ascending channel and is currently moving in the Heavy Support zone($2,605-$2,584) . According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 . In terms of Classical Technical Analysis , with the breaking of the lower line of the ascending channel, we can also see the Bearish Flag Pattern well in the higher time frame . I expect Gold to GO down at least as wide as the ascending channel and go down to the Potential Reversal Zone(PRZ) and 21_SMA(Weekly) . ⚠️Note: If Gold breaks the 100_SMA(Daily) and Resistance lines, we should expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
1
Daily Candle , Create Downtrend Coding Structure for Gold Guys , 30th Dec 2024 , Daily Forecast - Likely Downtrend , 1. Daily Structure Coding indication to became a downtrend HH-LL-LH- LL (waiting for Confirmation)? 2. Confirmation LL in area 2582 , if its break, confirm downtrend 3. Daily Candle Likely Break Inside Bar Indication Price will continue Down (Waiting Closed of today Session). 4. there're 3 Support Area need to watchout (look at m30) S1 : 2600-2605 S2 : 2590-2595 S3 : 2580-2585 in Conclusion , I maybe put short for XAUUSD , lets see
OANDA:XAUUSDShort
by nofpank
LINKUSDT: Bullish Setup or Breakdown Ahead?Yello, Paradisers! Could this head & shoulders structure spell trouble for LINKUSDT? Or is the market setting up for a bullish reversal? 💎LINKUSDT appears to be showing signs of a retracement due to its head and shoulders pattern. If the price retraces to the identified support zone and presents a bullish I-CHoCH, W-pattern, or inverse head and shoulders on lower timeframes, the probability of a significant bullish move increases. 💎However, if the price drops further to sweep below the current zone (inducement), it’s prudent to wait for confirmation at the strong support zone. Although reaching this level might seem unlikely, if the price does drop, it would strengthen the likelihood of a bullish rebound. In this case, watch for bullish patterns such as I-CHoCH, W-patterns, or inverse head and shoulders to form before taking any action. 💎On the flip side, if a breakdown occurs and the candle closes below the strong support zone, this would invalidate our bullish outlook. In such a scenario, patience will be key—waiting for better price action and clearer market structure before considering the next move. 🎖 As always, the disciplined and patient approach wins in this market. Stick to the plan, follow the confirmations, and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
#SWINGTRADE SETUP - JIO FIN SERVICES NSE:JIOFIN ❇️ Strong volume breakout on daily chart. ❇️ Flag and poll pattern in bigger time frame (1day, weekly,monthly). ❇️ Stock can achive 320 to 350 target range in upcoming days/weeks. ❇️ Short and log terms targets 340+ (10%). ❇️ Nearby support(sl) 295. ❇️ Above 310 we can see a real move🔥 👉🏻 thetradeforecast Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:JIOFINLong
by thetradeforecast
1
TSM Showing Solid Support At The 20 Day Moving AverageTSM with support off the 20 day but can it hold? You can start a position here if you like low risk/high reward trades. A stop at the low of the day is <1% risk. If I was taking this trade I'd wait for it to take out the high of the day and I'd open a 1/4 full size position. Or better yet I'd wait to see if it holds support today and then buy on a follow through tomorrow. Current market conditions are gloomy so I'm not taking this entry. Let's see what happens tomorrow.
NYSE:TSMLong
by CardinalRuleTrader
Nifty analysis for intraday 31/12/2024.Nifty has been trading in a range for the last 7 trading sessions. Index is trading around the 20 EMA and giving sharp recovery on both sides. Today it has closed below the moving averages. If the market starts trading below the No trading zone, bearish entry can be created for next support levels. On the upper side the break out 23900 can clear the round number figure and test the Daily 20 EMA. Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by Mambotrade
Nifty after multiple efforts not able to close above 23900.Nifty again tried to climb up and made a high of 23915 however there was tremendous selling pressure at that level and not only it could not sustain 23900 but also it failed to sustain 23800 or even 23650 levs. Nifty closed at 23644 levels. This is a closing below the Father line (200 days EMA) which was at 23693. This closing is indicative of weakness. Shadow of the candle has turned negative as of now. There is a strong support at 23567. If this support is broken the door way towards 23273 or even 22800 will open up. Relative strength index is 37.40 and RSI support is at 30 and 27.54 levels. Incase of positive closing tomorrow which looks little difficult as of now the resistances will be at 23650, 23693 (Father Line), 23809, 23961 and finally 24159 and finally Mother line (50 Days EMA) Resistance at 24266. So as of now it looks like we will have a modest close for the year. It has been an year for Nifty which Amplifies with 'what could have been'. Right now we are around 10% of the peak and at 9% yearly gains as compared to yearly closing. Hoping that law of averages catches up next year and we reach new highs next year and close the year robustly. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment