Resistence
waiting for the big resistanceOANDA: XAUUSD. The trend appears to be bullish, but there is a minor resistance system in its way. It's recommended to wait for the price to react to the trend line. If the price reacts as expected, the next significant resistance would be an excellent opportunity to take a short scalp position.
remember the trend is leading to higher peaks.
Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality.
The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line.
Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307.
Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561.
Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle.
Let's start by setting goals for the near future that we can include:
T1 = $570.8
T2 = $592.50
T3 = $608.4
AND
T4 = $627.6
Now let's move on to the stop-loss in case of further market declines:
SL1 = $547.1
SL2 = $535.3
SL3 = $514.6
AND
SL4 = $482.4
Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future.
Technical Analysis:
Resistance: $8.506 (Monthly)
Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot)
Volume: (Not mentioned in the provided text)
Key Observations:
SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend.
The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart.
If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot).
Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666.
SMA 200 can play a pivotal support role for SAVM
Conclusion:
The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
BTC in the support zone againHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price has created a downward trend channel, from which it tried to get out at the top, but currently it is returning to the channel.
The return to the falling channel also brought a return to the strong support zone from $64,643 to $62,206, further support is visible at $59,042, but if the supports are broken, we can see a dynamic downward movement towards the zone from $53,034 to $49,936 .
Looking the other way, when the current zone maintains the price and we go above the channel again, we can see an increase to the resistance at $68,853, and then the price may again attack the previously created ATH at $73,816.
BTC/USDT 1HInterval ChartHello everyone, let's take a look at the 1H BTC to USDT chart as we can see that the price is staying on the local uptrend line, also at the first support.
Let's start by setting goals for the near future that we can include:
T1 = $67,834
T2 = $69,089
T3 = $70,367
AND
T4 = $72,328
Now let's move on to the stop-loss in case of further market declines:
SL1 = $65,094
SL2 = $63,101
SL3 = $61,813
AND
SL4 = $60,039
Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.
USD CADMy analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: long trades 0-15, in short trades 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
ARBITRUM whether it is worth playing longThe day before yesterday (March 16) there was a very large unlocking of ARB tokens. Exactly, as many as 1.1 billion ARB tokens appeared on the market, whereas before there were 1.45 billion of them in circulation. On this day, due to such high supply pressure, we broke out of the triangle formation (marked in white) and are currently in my first buying zone from $1.70 to $1.58. I believe that locally the worst of the decline in Arbitrum is behind us and we are now in the accumulation zone. I also marked the second buying zone from $1.28 to $1.10, although if Bitcoin does not make a deeper correction, I do not expect such a deep descent to this area.
Additionally, it is worth mentioning that in recent days there has been an update of DENCUN on Ethereum, which, in short, will positively affect layer 2, which is Arbitrum. Therefore, I speculate that capital will soon flow to the layer 2 category and in particular to Arbitrum, because the long-awaited token unlock is already behind us. Assuming further increases here, I would make the first profit taking at the resistance around the current ATH and the next one at $2.80. I believe that the risk-reward ratio is in our favor here, and the low RSI level on the daily market further confirms this.
ETC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H ETC to USDT chart, we can see the movement inside the side triangle marked with blue lines.
Let's start by setting goals for the near future that we can include:
T1 = $36.81
T2 = $38.14
AND
T3 = $40.33
Now let's move on to the stop-loss in case of further market declines:
SL1 = $35.78
SL2 = $34.60
AND
SL3 = $32.69
Looking at the STOCh indicator, you can see how there is room for a potential upward move, while the RSI indicator shows a move in the lower part and room for the resistance line for an upward move.
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart, as we can see, the price remains on the local upward trend line, breaking it may result in a greater recovery.
Let's start by setting goals for the near future, which include:
T1 = $73,206
AND
T2 = $76955
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $71,350
SL2 = $70,435
SL3 = $69,812
AND
SL4 = $68993
Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.
BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $575
T2 = $618
T3 = $649
AND
T4 = $689
Now let's move on to the stop-loss in case of further market declines:
SL1 = $512
SL2 = $484 - $469
AND
SL3 = $425
Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
fomo buying chart pattern gold price made triple bottom at 1620 since then it is rising but crowd is now bullish at top at $2100 price level
if buy the rumor sell the news is real then hedge funds already front running rate cut by fed
same like at bottom $1620 in september 2022
👉 nobody talking where gold will be 18 months from now
👉 what will be next macro theme for gold 18 months from now
💡 in september 2025 we will be selling gold or buying gold
💡in september 2025 fed will be creating inflation or deflation
MINA Analysis: Potential Correction, SELL or BUY Setup?!🍣📈Weekly Channel Breakout and Retest:
MINA previously broke out of its weekly channel and reached its target successfully.
The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement.
🔍📉Corrective Phase and Resistance Levels:
If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly resistance level.
A rejection at this resistance level, coinciding with the RSI reaching the daily blue resistance line, could present a selling opportunity.
🚫Early Sell Setup and Risk Management:
A sell position could be initiated early at the current price level (below the lower channel line) using the red trigger line as confirmation.
Trailing the stop-loss to the lower support zone can help mitigate risk and maximize profit potential.
✅Important Considerations✅
The overall market trend should be taken into account before executing any trades.
Confirming the reversal with additional technical indicators and market sentiment analysis is essential.
🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
🚫
NZDJPY - LONGHello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
GBPCHF SHORT postionAfter reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch and please share you thoughts.
EURNZD wating for Eurozone dataAfter forming of the desceding channel the price reached to supply zone combine with resistance line. The resistance line is not so hard because the prices have touched it only 2 time and now is the 3rd. Everything depends on the data which eurozone will share. If they are positive for the EUR then may be after a retest, an idea for long position will be great. If the news are bad for EUR then a short position will be good.
GBPJPY: Key Resistance in Focus This Week - Breakout Potential?GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way.
Technical Analysis:
GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%.
The pair is now approaching a key monthly resistance level at 193.659.
A break above this level could signal further bullish momentum, with a potential target of 214.005.
There is limited resistance between 193.659 and 214.005, suggesting that the pair could make a significant move if it breaks above the resistance level.
Fundamental Factors:
The Bank of England (BoE) is expected to raise interest rates at its next meeting in March.
This could support the pound sterling against the Japanese yen.
The Japanese economy is facing headwinds from rising inflation and a weak yen.
This could weigh on the Japanese yen and support GBPJPY.
Conclusion:
GBPJPY is poised for a significant move this week. A break above the key resistance level at 193.659 could signal further bullish momentum, with a potential target of 214.005. Traders should closely monitor GBPJPY's price action around the 193.659 level this week. A breakout above this resistance could indicate further bullish momentum, while a rejection could indicate a potential pullback.
Additional Information:
The pair has already broken the monthly pivot and pulled back to it, which could be a bullish signal.
The RSI indicator is also showing bullish momentum, with a reading of 65.
The MACD indicator is also bullish, with a crossover above the signal line.
Disclaimer:
This is not financial advice. I am not a financial advisor. Please do your own research before making any investment decisions.
ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH.
Technical Analysis:
Resistance: $2.1514
Support: $1.7156 ✅
Relative Strength Index (RSI): 65
Moving Average Convergence Divergence (MACD): Bullish!
Volume Analysis:
The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token.
Conclusion:
The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
AUDJPY - risky SHORT ideaAfter a breaking of the main bullish trend, there is a quick short movement. The price did a correction to 0.5 of Fib + supply zone combined with resistance line. This could be followed by a quick short movement to demand zone where doble bottom could be formed. There is a risk because the main movement is upwards and the correction of the main movement was done to 0.5 Fib and demand zone. This is only idea with educational character.
ETC is testing the resistance lineETC in pair with USDT, testing previously broken resistance. Holding it may be a good entry into long positions, with a potential increase to around $38.
More explanation in the chart :)
