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Supportandresistancezones

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
Sell AUDCAD Symmetrical TriangleThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9070. Target Levels: 1st Support – 0.9028 2nd Support – 0.9007 Stop-Loss: To manage risk, place a stop-loss order above 0.9090. This helps limit potential losses if the price falls back unexpectedly. Bearish Breakdown: Triangle Breakout Retest: The price action recently broke above a bullish triangle, indicating a potential uptrend. However, it has now returned to retest the broken resistance line of the triangle. This retest often precedes a reversal. Ichimoku Cloud Resistance: The price is currently hovering near the Ichimoku cloud, which can act as a resistance zone. A rejection from this area could further strengthen the bearish case. Thank you.
Short
by KABHI_TA_TRADING
2
Buy USDCHF Triangle BreakoutThe USD/CHF 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 0.9150 Target Levels: 1st Resistance – 0.9178 2nd Resistance – 0.9191 Stop-Loss: To manage risk, place a stop-loss order below 0.9125. 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
1
Buy GBPAUD Triangle BreakoutThe GBP/AUD 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 1.9235. Target Levels: 1st Resistance – 1.9334 2nd Resistance – 1.9400 Stop-Loss: To manage risk, place a stop-loss order below 1.9180. 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
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise. Target Levels: 115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point. 115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
1
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA. Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested. The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support. There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
BINANCE:THETAUSD
by Rick_SimpleSwap
US30 Forecast US30 New Forecast Nasdaq and S&P 500 Futures Rise on Chip Stock Rally Following Nvidia’s Positive Revenue Forecast Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied, bolstered by Nvidia's optimistic revenue forecast, which strengthened investor confidence in the rapid growth of artificial intelligence technology. Traders anticipate the U.S. central bank will reduce interest rates by nearly 40 basis points by year-end (FEDWATCH). Additionally, markets closely monitor economic data scheduled for release throughout the day, including weekly jobless claims, S&P Global flash PMIs, and housing figures. Technical Side: As noted in the previous chart, the price corrected to the support line at 39,540. Now, it will remain in the bullish zone as long as it trades above 39,540, targeting 39,790 and potentially 40,005. However, if it stabilizes below 39,540, the price is likely to drop to 39,360. Pivot line: 39650 Resistance Prices: 39850, 40005, 40130 Support Prices: 39360, 39070, 38790 The movement range will be between support 39360 and Resistance 40130
OANDA:US30USDLong
by SroshMayi