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Supportandresitance

BNBUSD / TRADING BETWEEN TURNING LEVEL SUPPORT LEVEL - 4HBNBUSD / 4H TIME FRAME The overall trend is downward , until trading below turning level at 526.4 . the current technical indicators suggest that BNBUSD is facing downward pressure as long as the price remains below 526.4. This level acts as a resistance, preventing any significant upward movement. The continued decline towards 502.1 is supported by bearish momentum, which is likely to persist if the price stays under 526.4. If a 4-hour candle closes below 502.1, it would confirm the strength of the downtrend, potentially driving the price down further to 472.0. This level could serve as a key support, but if broken, it may lead to a deeper decline. Conversely, if the price breaks above 526.4 and stabilizes, it would indicate a shift in momentum, favoring a potential upward movement. The next targets would be 544.9 and 556.6, where 556.6 acts as a significant resistance. To confirm a true uptrend, breaking and holding above 556.6 would be crucial, as it would signal strong bullish sentiment and a possible continuation of the upward trajectory. KEY LEVELS : TURNING LEVEL : 526.4 . RESISTANCE LEVELS : 544.9 , 556.6 . SUPPORT LEVELS : 502.1 , 472.0 .
BINANCE:BNBUSDShort
by ArinaKarayi
Avanza Breakout: Analyzing the Uptrend and RetestLong-Term Trend Analysis Since its IPO, Avanza has demonstrated a clear uptrend, consistently forming higher highs and higher lows, reflecting a strong bullish sentiment over the long term. Recent Price Action (Weekly Timeframe) On the weekly timeframe, a triangle pattern emerged, which has recently broken out. The price then retraced, suggesting a potential retest of the previous resistance level, which could now act as support. Retest and Key Levels The recent retracement appears to be a successful retest of the previous triangle pattern's resistance. This successful retest often signals a continuation of the upward trend. Examining further, we can see that the previous triangle pattern has now become a critical area for retests, followed by strong upward reactions. This supports the idea that the recent move down was indeed a successful retest. Fibonacci Retracement Analysis Using the Fibonacci retracement tool, the stock's recent reversal aligns perfectly with the 0.618 level, reinforcing its significance as a key support level. This level is often considered a strong area of support in uptrends. Outlook and Potential Patterns After analyzing the chart for patterns and key levels, we can anticipate potential future movements. A key level has been identified, which the stock has respected multiple times. This level could play a crucial role in forming a reversal pattern. Two scenarios could unfold: Inverse Head and Shoulders Pattern: The stock could form an inverse head and shoulders pattern, using the key support level as its neckline. Double Bottom Formation: Alternatively, a double bottom pattern could emerge at the key support level, signaling a strong reversal. Trading Strategy To capitalize on this setup: Conservative Approach: Wait for a clear reversal pattern (like the inverse head and shoulders or double bottom) to form before entering a position. This approach minimizes risk by confirming the trend direction, set a stop loss top minimaze risk. Aggressive Approach: If you believe the stock doesn't require a full reversal pattern, consider entering now. In this case, setting a stop loss just below the key support level is crucial to minimize potential losses.
OMXSTO:AZALong
by Tallblomma
“EUR/USD Gains Weakened”The weakening of the manufacturing PMI and ISM manufacturing PMI figures in the US compared to the previous month has acted as a negative catalyst for the economy. This data has reignited recession concerns in the US, leading to accelerated dollar outflows. In the Eurozone, the manufacturing PMI for August slightly exceeded forecasts at 45.8. In Germany, the manufacturing PMI for August was 42.4, above the previous month’s figure. Following these developments, the EURUSD pair is maintaining prices above the 1.1050 level. In light of these data points, if the index maintains closing prices above the 1.1050 level, buying activity could accelerate towards the 1.1115 and 1.1190 resistance levels. However, in the event of a potential pullback, sell-offs could test the 1.1050 support level and possibly extend to the 1.0965 and 1.090 support levels.
by primequotes
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME Tendency , prices is under downward pressure , until trading below turning level at 19,550 Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market. Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined. NAS100USD / buy above 19,550 SL: 19,480 TP: 19,908 TP: 20,218 NAS100USD / sell below 19,550 SL: 19,600 TP: 19,164 TP: 18,751
OANDA:NAS100USD
by ArinaKarayi
2
XRPUSDT / TRADING BELOW FVG - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 0.58 . Downward Condition : With the price holding steady at the current turning level at 0.58 , it is likely to decline towards the support level of 0.55. If it stabilizes below this level, it could then reach the next target level of 0.51 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 0.58 , leading to a rise toward the resistance level (1) at 0.60 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 0.63 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 0.60 . RESISTANCE LEVEL (2) : 0.63 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 0.55 . SUPPORT LEVEL (2) : 0.51 . TURNING LEVEL : 0.58 .
Short
by ArinaKarayi
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame. There are 3 likely scenarios. A,B,C on the chart. We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume. The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
TVC:DJI
by I3ig_Trades
TON → there is no risk for toincoin so farhello guys. Let's analyze OKX:TONUSDT Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move. Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move. Bearish Scenario: If the price breaks below the neckline, the target for the downside is around the $3.10 level. This level is marked as the "target of breaking down" and could act as strong support if the price reaches it. Bullish Scenario: If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels. Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction. This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
USOIL / TRADING INTO DESCENDING CHANNEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 74.76 Downward Condition: With the price holding steady at the current turning level at 74.76 , it is likely to decline towards the support level of 72.81. If it stabilizes below this level, it could then reach the next target level of 70.92 Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 74.76 , leading to a rise toward the resistance level (1) at 76.15 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 78.55 TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 76.15 . RESISTANCE LEVEL (2) : 78.55 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 72.81 . SUPPORT LEVEL (2) : 70.92 . TURNING LEVEL : 74.76 .
TVC:USOILShort
by ArinaKarayi
4
Euro can break resistance level and continue to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago bounced from the support level, which coincided with the support area and support line to the resistance line, forming a gap also. After this, EUR turned around and started to decline to the support line, and some time later it reached this line, breaking the 1.0865 support level. Next, EUR fell lower the support line and entered to upward pennant, where it at once made a strong impulse up to the resistance level, breaking the resistance line and 1.0865 level one more time. After this movement, the Euro turned around from the 1.1000 level and made the correction, after which it started to grow and later reached the support line of the pennant. Then price bounced up to the resistance line, thereby rising higher than the resistance level with the seller zone, but a not long time ago it dropped back to the support line, making a fake breakout of 1.1000 level. But recently price rebounded and started to grow, so, in my mind, the Euro can fall to the support line and then rebound up to the resistance line of the pennant, breaking the resistance level. For this reason, I set my TP at 1.1055 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Gold SellAs we were watching gold very closely and it has broken down its bullish channel and also its global Resistance became Support lately now it has become support become resistance , we have also exprienced heavy news day today and seems like gold has decided it direction as we have seen a Bearish Momentum candle which has broken the support below now we are waiting for a proper price action as retest is almost complete over gold and we will be Bearish again for next week in gold so fingers crossed lets wait and watch
OANDA:XAUUSDShort
by Wakeel_Saab
1
Nordnet: The question is Breakout or Fakeout? OMXSTO:SAVE 's Position: Breakout or Fakeout? OMXSTO:SAVE is currently at a critical juncture, having recently broken out of its long-term bullish channel. The key question now is whether this move represents a genuine breakout with a successful retest or just a fakeout. Monthly Chart Analysis On the monthly chart, we observe that since its IPO in 2020, Nordnet has been in a strong bullish uptrend, defined by two key trend lines. Recently, however, the stock broke through the upper boundary of this bullish channel, raising questions about its next move. Weekly Chart Analysis The weekly chart shows that after breaking through the upper trendline, the stock made a downward move, testing this line as a new support level. This was followed by a strong upward reaction, suggesting a potential retest and continuation of the bullish trend. However, the possibility of a fakeout remains, which could see the stock reverse back down to the long-term support level. Daily Chart: Key Levels On the daily timeframe, several key levels have emerged where the stock has shown significant reactions in the past. These levels—197 SEK, 217 SEK, and 230 SEK—are crucial for determining the stock's future direction. Recently, the stock bounced upward after touching one of these key levels and is currently testing another. Support Line Identification We can also identify a rising support line that the stock has respected, providing additional context for potential future movements. Outlook: What's Next? I anticipate that Nordnet may form a reversal pattern, such as a double bottom or an inverse head and shoulders, with the 217 SEK level serving as the neckline. If this scenario plays out, the stock is likely to resume its upward journey along the rising support line. Trading Strategy For those looking to trade this setup, consider entering a position near the long-term upper resistance line, provided there are confirmations on lower timeframes (e.g., reversal patterns, volume spikes, or indicator signals) that indicate upward momentum. If you suspect this is just a fakeout, it might be wise to wait for a clearer setup. Regardless, be sure to set a stop loss to minimize potential losses.
OMXSTO:SAVE
by Tallblomma
Novo Nordisk: Analyzing a Potential Pullback and Key levelsLong-Term Overview (3M Timeframe) Looking at the 3-month timeframe, we can observe that OMXCOP:NOVO_B has maintained a consistent bullish trend channel since 1990, characterized by higher highs and higher lows. Medium-Term Analysis (1M Timeframe) On the one-month timeframe, since the last significant pullback in 2016, OMXCOP:NOVO_B has surged by approximately 1000%. Recently, the stock touched the upper resistance trend line and then experienced a sharp downward move, suggesting an impending pullback, which could be followed by another significant bullish run. Key Levels (1W Timeframe) Focusing on the one-week timeframe, we can identify crucial levels at 590 DKK, 735 DKK, and 930 DKK. Historically, these levels have acted as key resistance and support zones, making them critical areas to watch moving forward. Fibonacci Analysis Using Fibonacci retracement, the stock has respected the 0.236 level, reinforcing the validity of these levels as potential reversal points during the pullback. The relevant Fibonacci levels to monitor are 810 DKK, 670 DKK, and 560 DKK. Outlook and Strategy Given the recent price action, I anticipate that OMXCOP:NOVO_B may form a reversal pattern, such as a double top or head and shoulders, leading to a more pronounced pullback. This pullback could have a reversal at one of the identified key levels or the lower support line within the long-term bullish trend channel. How to Capitalize: To capitalize on this potential move, consider monitoring smaller timeframes for signs that the pullback is concluding at the key levels. Once you identify such signals, a strategic entry could be made, with a stop loss placed just below the key support level to minimize risk.
OMXCOP:NOVO_BLong
by Tallblomma
Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows. Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction: During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further. I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move. Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
OMXSTO:ATCO_BLong
by Tallblomma
6
Thing's about to get WILD! Wilder World has to be one of my favourite crypto projects atm, just because I love everything about this project. They are basicly making a GTA metaverse game and are making the cars, the buildings, billboards, items etc purchasable as unique NFT's. I got to say they are putting some real work in to this and it looks amazing.. The good projects will be the one's sticking around in the crypto space the longest.. Can't believe this is still a #400 coin on Coinmarketcap. I will see this among the top 100 cryptos for sure! We're currently doing a really nice 3rd bounce from the channel support line. Stochastic is oversold and are turning upwards. For me this is a longer term #HODL for the bull run, but a nice target would also be at the top of the channel about 400% up from here! Make sure to follow me on X for more weekly updates: @PuppyNakamoto Our wolf pack are hunting profits, one block at a time.. 🐺 BITFINEX:WILDUSD KUCOIN:WILDUSDT CRYPTO:WILDUSD
Long
by WOLFofBlockStreet
BTCUSDT - Price can bounce up from support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price reached resistance line, which coincided with resistance level, and at once bounced down. Price fell to support area and then started to grow near support line, after which BTC rose back to $63800 level. Next, price broke this level, entered to flat, where it later reached top part and then made correction. After this, BTC rose to resistance line, after which turned around and made a strong downward impulse. Bitcoin exited from flat and broke support line, breaking $63800 level, and recently made a fake breakout of $54700 level. At the moment, I think price can bounce up from support area to $60000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2