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Supportandresistancezones

BOME Trading ScenarioThe asset price chart has completed the correction from the $0.018578 level to the $0.007099 level, which represents more than 60% of the correction. Currently, the asset is trading within the ascending trading channel, pushing away from the sloping support and resistance levels. The volume profile indicates that participants continue to demonstrate interest in continuing the ascent within the channel. Touching and rebounding from the sloping support level may be an optimal entry point for a position that will continue to grow, with a probability of subsequent breakdown of the sloping resistance level and continued upward movement.
by Rick_SimpleSwap
GOLD SHORTPrices Already on Resistance!! If Market Crash Price can go higher up to $2900 (I mean 20% rally). or Opposite, It come down to $2100 to $2000 level It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance. A surge in the US dollar and Treasury yields also brought down the price of gold. Central Banks are adding gold to their reserves. Decresing Tick Volume No matter the asset, investing always involves some risk, but savvy investors usually recognize the value of seeing openings during market downturns. Furthermore, investors now have a compelling opportunity to diversify their holdings, protect themselves from market fluctuations, and maybe profit from a price comeback thanks to the recent drop in gold prices that occurred on April 25. But before making any financial decisions, including adding gold to your portfolio, it's imperative that you carry out extensive study and evaluate your needs, goals, and risk tolerance. "Escalating geopolitical risks significantly bolster gold as hot and cold conflicts, and a record number of elections this year, keep the risk thermometer high," HSBC was quoted as saying by Reuters. - --------------- **First Scenario - Long:** If Market Structure breaks on Daily TF and retest at 61.8% Initial Target: $2900 Entry: $2390 Stoploss: $2325 **Second Scenario - Short:** Initial Target: $2080 Entry: $2415 Stoploss: $2441 - --------------- Take into consideration: Psychological Resistance at $2900 Psychological Support at $2050 - --------------- Price already in my area of value, just waiting for the market to tell me to get in on a sell. NFA DYOR - --------------- Good Luck! ⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
OANDA:XAUUSDShort
by irfanp056
2
Fibo gives important levels for the Election rally. Election rallies can be considered as Bull Rallies on Dope they are extremely fragile at the same time they can break all the resistances in their way like a mad bull in rage. Expecting an extremely volatile day tomorrow. But space to grow on upper side is very limited. The RSI indicating market is close to becoming overbought but an election result which market expects can further the boundaries. Important Resistance levels: 23338 and 23537. Important Support levels: 23109, 23058, 22806 and 22559. Tipping point into bear territory will be a closing below 22417.
NSE:NIFTY
by Happy_Candles_Investment
Sell EURUSDThe EURUSD pair has rejected the resistance zone at least four times and is now indicating a potential reversal to the downside. The price action on the EURUSD chart is showing signs of exhaustion as it struggles to break above the resistance zone. Traders are closely monitoring the key support levels for any potential breakdown, which could lead to a shift in market sentiment towards a bearish outlook. DISCLAIMER The signals provided by LeoDante_FX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.
Short
by LeoDante_FX
USDCHF at Support LevelThis currency pair is at a support level. Prices had rejected that zone several times. Although the structure looks like a head and shoulder pattern, the support level hasn't been broken yet therefore an opportunity to buy is the best choice. The profit target should be the first resistance level. DISCLAIMER The signals provided by LeoFX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.
Long
by LeoDante_FX
1
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving in the lower part of the channel marked with white lines. Let's start by determining support and here, first of all, you can see a strong support zone from $67,238 to $66,289, while further support is visible at a level close to $65,000. Now let's move on to determining the resistance points. And here we see resistance at the level of $68,240, then we have a second resistance at $69,299, and then the resistance zone from $70,041 to $70,959 is important, only when the price positively tests it will we be able to see new increases. Looking at the EMA Cross 50 and 200 indicator, they indicate the continuation of the local downward trend. The RSI indicator, which remains near the middle of the range, has room for movement in both directions, while the STOCH indicator remains in the upper part, which may again translate into a recovery movement.
by cryptodailyuk
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line. Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796 Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917. Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained. There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.
by cryptodailyuk
DJ30 in H1 consolidation / Support Resistance DeviationsI will try to go for buys, when price reaches the hourly floor. We have an Intraday zone above and hourly resistance beneath. Careful, the top is still dominant. Use RSI to get an entry, if you buy, wait until it has hit the floor 2 or 3 times and shows clear momentum upwards (candle close with few pip distance from zone means rejection, candle close touching zone various times means acceptance and might rather break the zone) Use 200 pip SL today and RSI for fine tuning of entry. Note to zones: You see that support and resistance are a little deviated from each other. This is always the case, buyers show support at the floor support zone, while the higher support zone is currently not active at all. This is why we only see clear resistance at the top.
VANTAGE:DJ30
by Heaven10
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0819 2nd Support – 1.0805 Stop-Loss: To manage risk, place a stop-loss order above 1.0885 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
19
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Poin ts: Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7373 2nd Support – 1.7352 Stop-Loss: To manage risk, place a stop-loss order above 1.7425 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
Will XRP rebound from the lower border of the channel?Hello everyone, let's take a look at the XRP to USDT chart on a 4-hour time frame. Let's start by defining, using white lines, a sideways trend channel in which the price moves at its lower border. Let's start by determining the support and as you can see, first of all, as support, we have a support zone from $0.50 to $0.45, when the price drops below this zone, the next support is at $0.37, and then support at the price of 0.32 $. Looking the other way, we can see a resistance line at $0.58, then at $0.62, the third resistance at the upper border of the channel at $0.69, and then we can see an increase to around $0.84. When we turn on the EMA Cross 50 and 200 indicator, we can see how the yellow line tries to cross the blue line at the bottom, which would indicate entering an upward trend.
Long
by cryptodailyuk
EURO - Price can exit from channel and continue rise to $1.0910Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to grow near support line and reached $1.0860 level, which coincided with resistance area. Then EUR made downward impulse, breaking support line and support level, which coincided with support area too. But then, price started to grow inside rising channel, where it broke $1.0655 level, and then continued to grow. A short time later, EUR rose to resistance line of channel and exited, after which rose to resistance area. After this, price turned around and soon declined lower $1.0860 level, breaking it again inside falling channel. In my mind, Euro can decline a little, after which bounces up to $1.0910, exiting from channel and breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
USDRUB.P Long Aggressive DayTradeMonthly context "+ long impulse + SOS level + support - above 1/2 correction + volumed 2Sp + weak test" Daily context: "- short impulse + volumed T1 + support level + volumed manipulation" Hourly context "- short impulse + biggest volume T1 level + support level + volumed 2Sp" 5M set up - short impulse + volumed T1 level + support level + biggest volume Sp + weak test + first bullish bar closed entry Calculated affordable virtual stop loss 1 to 2 take profit
RUS:SI1!Long
by MishaSuvorov
2
Buy AUDCAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9075 Target Levels: 1st Resistance – 0.9114 2nd Resistance – 0.9131 Stop-Loss: To manage risk, place a stop-loss order below 0.9160. This helps limit potential losses if the price falls back unexpectedly. Opportunity Breakdown: Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential. Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout. Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud. Thank you.
Long
by KABHI_TA_TRADING
2