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Resistances

BTC STILL STRUGGLING TO BREAK THE RESISTANCE! $30K AFTER BREAK!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is doing fine as of now. It is forming an ascending triangle in 4hr time frame and currently trading inside it. BTC is at the resistance level and trying to break this resistance continuously. You know the more it tried, the weaker resistance become. Once we successfully break out of this ascending triangle and close above the red box then we are ready to go to the $28k-$30k level. Lower supports are $24.2k and $23.5k Invalidation level- If any 4hr candle close below $23.5k then this chart becomes invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
ZECUSDT is testing the weekly resistance The price is in the consolidation phase between the monthly and weekly resistance On the 4h timeframe the price had a breakout and retest the previous resistance as new support. how to approach it? IF the price is going to have a breakout from the weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
THETAUSDT is testing the resistanceThe price is testing the 4h resistance after a range between 4h structures The price created a false breakout from the range, usually, it's not a good sign for the continuation How to approach it? If the price is going to have a clear breakout from the resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
Easy Orderblock Setup On AUD/USD - Wait For The Pull BackToday is NFP Friday. This means that prices can become extremely volatile today. Trade at your own risk today. Be careful of extreme volatility when the markets open. I am looking at AUD/USD on the 1-hour time frame. We have had a few Order blocks in the past few hours that have all hit nicely. However, I am focusing on the current most recent high as a point of entry. I have highlighted the order block zone in yellow. I did this by putting a zone around the most recent bullish candle before the impulsive move downwards. I am waiting for the price to retrace back into this yellow zone before opening up a possible short position targeting the 0.695 price level. There is a lot of interest at this level as we can see it has been treated as support and resistance. I'm looking for a simple one-to-two risk to reward with this position. Keep the setups simple and wait for opportunities to show themselves to you. We have had a large drop in the 4-hour time frame which shows that we have potentially switched trends around for the time being. This is why I am looking for short opportunities. This order block co-insides nicely with the above descending trend line connecting the three tops moving downwards. I would like to see some strong bearish volume show up soon to help add confluence to this move downwards. As we are waiting for a retrace back into the yellow order block zone, I do not want to see strong bullish volume. I'd rather it be weak bullish volume to help confirm that we are still moving downwards. As today is NFP, anything can happen. Markets react differently to NFP so I would rather stay out of the markets today as there is always another opportunity. However, I wanted to show you guys what I would be looking for. I love trading order blocks. They are my primary strategy in the 4-hour time frame. I use them in conjunction with MA lines, the MACD, and volume. I always aim for a minimum of one to two risk to reward. For those of you that aren’t used to trading them but would like to learn more about them, I suggest going through your charts and learning to spot them. Look for places on the chart where you can see a large impulsive move breaking previous support and resistance and then look for the most recent bullish or bearish candle before the impulsive move in the opposite direction. This would be your order block. Highlight that candle from top to bottom and drag out the zone and see if the price respected this zone by retracing back into it before continuing its move. On that note, I wish you all a happy weekend. I will be seeing you next week. The Vortex Trader.
Short
by TheVortexTrader
Simple Technical Analysis for BeginnersIdentifying the Support (lowest price), Resistance (highest price), and Key Levels (areas price gravitates to between Support and Resistance) one two or more timeframes. Today, I have them marked on the 4H and 1H Timeframes. Identifying Support Support is the lowest level a price will go before reversing. A support is created in two ways. The first way is when Sellers in the market close their existing positions and take their profit. The second way is when new Buyers enter the market by opening new positions. Identify all historical Lows in a chart. Circle these zones. Connect as many as possible using straight horizontal lines. These are known as areas of Support. Identifying Resistance Resistance is the highest level a price will go before reversing. A Resistance is created in two ways. The first way is when Buyers in the market close their existing positions and take their profit. The second way is when new Sellers are entering the market by opening new positions. Identify all historical Highs in a chart. Circle these zones. Connect as many as possible using straight horizontal lines. These are known as areas of Resistance. Chart Made Using AlphaMind AM All-In-One Indicator
Education
by elleferrero
ADAUSDT is testing the resistanceThe price is testing the dynamic 4h support above the daily resistance at 0.48%. The market is going to try to complete the W pattern below the daily resistance at 0.54$ where the price needs to grab more liquidity to create a new breakout from the historical resistance how to approach it? IF the price is going to have a breakout from the neckline and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
Like a bouncing ball on a downhill!Like a bouncing ball on a downhill, equities have bounced hard after repeated selloffs but the general momentum remains downward. With Consumer Price Index (CPI), Retail Sales, Initial Jobless Claims & Consumer Sentiments numbers coming out this week, markets are likely to be jittery. Any downside surprises could spur a sharp reaction downwards. The S&P 500 E-mini Futures have been trading in a descending channel since March with current prices trading near the channel resistance. Additionally, prices have been rejected off the 23.6% Fibonacci retracement level twice. The strong technical resistance levels as well as potential negative economic data surprises in the coming week warrant a short position over the short term. Entry at 3842, stops at 4025. Target at 3645 & 3500. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CME_MINI:ES1!Short
by inspirante
Price Moving Into Resistance But Still Looking Bullish!Hello Traders & Spectators, LCID has fallen a lot in the past few weeks like everything else but has found a temporary bottom and is now looking to move higher. It is now at a major resistance that it hasn't been able to pass previously but since this resistance has been tapped so many times, that means it is getting weaker. A relief pump seems to be unfolding and ii can see prices pump to the dashed lines above. What do you think? Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
NASDAQ:LCID
by rnaofs
3
SANDUSDT is going to retest the resistanceThe price had a nice reaction from the daily support as I told you in my previous analysis on 0.8$. The price could retest again the 0.786 - 0.886 Fibonacci level on the 4h timeframe and got a rejection. a RETEST is NOT ENOUGH for a short position, the price needs to satisfy our rules How to approach? IF the price is going to have a reject from the key level, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
ALPHAUSDT is testing the resistanceThe price got the liquidity below the triangle, and now the market is testing the dynamic and static resistance below the 0.5 Fibonacci level, it's a key level. How to approach it? The price needs to create a new Higher High from here, and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2