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Trend Lines

GOLD (XAUUSD): Important Zone to WatchThe Federal Reserve's rate decision and FOMC meeting negatively impacted gold prices yesterday, leading to a bearish trend. Observing the 4-hour time frame, we can see how the pair responded to a downward trend line during the day. The market had been consolidating within a broad range for nearly a month. However, following the Fed's announcement yesterday, there was a significant downward movement that confirmed a break below the support level of this range. With the broken structure and a prominent downward trend line now defining the supply zone, we can expect further bearish movement, potentially reaching down to 2580.
TVC:GOLDShort
by linofx1
4
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk... The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins. Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority. Resistance levels: 4086, 4100, 4372 Support levels: 3530, 3440, 3261 Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth. Regards R. Linda!
Long
by RLinda
5
NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing. The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562. Resistance levels: 0.577, 0.5817 Support levels: 0.575, 0.562 I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562 Regards R. Linda!
Short
by RLinda
2
From Decline to Opportunity: Total3 Poised for RecoveryAfter breaking below the critical $1.04T support level yesterday, Total3 experienced a sharp decline, finding its footing at a key horizontal support level. This drop coincided with many altcoins also reaching their respective support zones. For traders, this presented an attractive opportunity to enter the market at more favorable prices, effectively halting the downward momentum. Currently, the chart shows a promising reversal forming. As long as this horizontal support level holds, there is a strong likelihood of continued upward movement, potentially paving the way for a new all-time high.
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
XAUUSD Head And Shoulders PatternOn the 15-minute gold chart, a Head and Shoulders pattern is forming. If this pattern completes, the price could experience a significant drop, potentially reaching the $2638 level. "Market fluctuations in the final month of the year, especially in the commodity market, are very low due to liquidity shortages. Therefore, trading during this period is highly risky. Use reasonable trade volumes and do not trade without setting stop-loss and take-profit levels." OANDA:XAUUSD
OANDA:XAUUSDShort
by imodaresi
BTC Dominance Breakdown? Bearish Setup Ahead!Analysis: 📉 BTC.D is trading within an ascending channel, currently at the upper resistance line (~58.4%). A potential bearish setup is forming, indicating a decline toward the lower channel support and a possible breakout downward. Targets can be set within the shaded support zone Key Levels: Resistance: ~58.4% Support: ~55% (critical zone for consolidation) Channel Breakdown Target: ~54% Ascending Channel: The price is trending within an ascending channel, marked by parallel resistance and support lines. The chart suggests the price has recently touched the upper resistance of the channel. Bearish Divergence Projection: The shaded horizontal box towards the bottom represents a critical support area around the 55% dominance level. then The current level (~58.35%) is identified as a possible resistance, reinforcing the bearish outlook. 🚨Risk/Reward: Attractive if the price confirms the breakdown. Watch for volume and price action around the lower channel support for continuation or reversal signals. Disclaimer: Not financial advice. Trade with proper risk management.
CRYPTOCAP:BTC.DShort
by Supachai-Taechapisit
GBPUSD InsightHello, subscribers! I hope you’re all doing well. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The Federal Reserve cut rates by 25 basis points during the December FOMC meeting. - Through the dot plot, the Fed hinted at a total of 50 basis points of rate cuts next year. - Fed Chair Jerome Powell mentioned during the press conference that the Fed’s policy stance is now significantly less restrictive and that it may be more cautious when considering further adjustments to the policy rate. - Markets interpreted the Fed’s rate cut as reluctant and viewed it as extremely hawkish. - The BOJ and BOE are set to announce their rate decisions today, with expectations of no changes. Key Economic Indicators + December 19: BOJ rate decision, BOE rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index GBP/USD Chart Analysis The dollar’s strength, influenced by the Fed’s hawkish stance, has led to a steep decline in GBP/USD. The pair has broken below the 1.26000 level, signaling a potential further drop toward the 1.25000 level. In the short term, additional declines are possible, and if GBP/USD falls below 1.25000, the pair may extend its losses to 1.23000. However, if a rebound occurs at the 1.25000 level, a rise toward 1.27000 could be expected.
Short
by shawntime_academy
$DOGEHello Shibs, hope you still HODL Dogecoin. Thi the accumulation part, market correcting itself for another run. Bitcoin also down today, keep that in mind. A crucial support level I’m looking at is .35 to close above in the daily. If that breaks buckle up, and HODL. Dogecoin was recently attacked, and hacked. “Exploited a vulnerability called “DogeReaper” crashing 69% of nodes. A fix was quickly deployed, and network’s functionality was not severely impacted.” Which makes me to believe a lot of people are panic selling. How could you sell DOGE? It’s literally the Department of Goverment Effeciency!! Anyways, don’t panic sell. DOGE TO DA MOON!
COINBASE:DOGEUSD
by forstockzonly
2
AUDNZD strong bullish expectations AUDNZD pair which I am watching last 5 months, other my analysis on AUDNZD are attached, plus I am attach and CADCHF analysis its interesting to look, its almost same based on SYMMETRICAL TRIANGL. AUDNZD price is make bounce on trend line, its break upper trend line-SYMMETRICAL TRIANGL, plus CHANNEL on 4h TF is visible and its also breaked. Technicalls on medium and long term are strong bullish, when take all this parameters i am here still bullish. SUP zone: 1.09200 RES zone: 1.11500, 1.12400
Long
by DepaTrading
Price Retest Scenarios and Key Levels for Trend ConfirmationTechnical Analysis The price has surged to a new historic high. It is now expected to retest 21900. A confirmed 4-hour candle close below 21900 will indicate a bearish move toward 21770. On the other hand, if the price stabilizes above 22120 with a confirmed 1-hour candle close, it will support a bullish trend toward 22230. Key Levels: Pivot Point: 22120 Resistance Levels: 22230, 22400, 22510 Support Levels: 21900, 21770, 21620 Trend Outlook: - Bearish Momentum with stability below 22120 - Bullish Momentum by stability above 22120
OANDA:NAS100USDShort
by SroshMayi
Grinch drop, Santa popSPY is at it's 2 year trend channel resistance level. There's very little upside reward left. There's a greater downside risk. The Grinch may try to steal Christmas with a temporary SPY drop towards support. But then a Santa Claus rally will pop SPY back up to it's resistance level. SPY 2 year trend channel levels: resistance = 605 pivot = 585 support = 565 trade ideas: 1) collar strategy hold 100 shares sell 585 call buy 605 put 2) buy 605 put 3) short call spread sell 585 call buy 605 call 4) long put spread buy 605 put sell 585 put SPY options data: 12/6/24 expiry Put Volume Total 219,329 Call Volume Total 125,297 Put/Call Volume Ratio 1.75 Put Open Interest Total 750,130 Call Open Interest Total 233,054 Put/Call Open Interest Ratio 3.22 12/13/24 expiry Put Volume Total 69,042 Call Volume Total 43,893 Put/Call Volume Ratio 1.57 Put Open Interest Total 317,687 Call Open Interest Total 228,869 Put/Call Open Interest Ratio 1.39 12/20/24 expiry Put Volume Total 336,702 Call Volume Total 139,171 Put/Call Volume Ratio 2.42 Put Open Interest Total 3,273,537 Call Open Interest Total 1,426,800 Put/Call Open Interest Ratio 2.29 12/27/24 expiry Put Volume Total 13,062 Call Volume Total 14,931 Put/Call Volume Ratio 0.87 Put Open Interest Total 72,224 Call Open Interest Total 59,538 Put/Call Open Interest Ratio 1.21 1/17/25 LEAPS Put Volume Total 191,268 Call Volume Total 63,574 Put/Call Volume Ratio 3.01 Put Open Interest Total 2,376,812 Call Open Interest Total 855,976 Put/Call Open Interest Ratio 2.78
AMEX:SPYShort
by Options360
3