MATIC - will there be further increases?Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
Resistence
NZDUSD Short after a short bullish moveOverall the trend should be our friend. NZDUSD is in big bearish trend and after a sharply down movement it is time for a tiny correction. There is a bullish diviregence on the RSI 1H time frame, which may be is going to happen. Once the correction is done and the price hit supply zone it is good idea to look for a enter after candlestick confirmation or bearish diviregence on some of the oscillators.
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Gold Analysis: Will the Critical Resistance Hold or Break Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel!
Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities:
1. Gold may fail to break above this resistance and continue its downward movement from this area.
2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058.
Pay attention to the news! News events shape all trends! 📈
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis).
Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move.
Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout.
We hope for a test of the previous high and a runner.
FTM/USDT 1DInterval ChartHello everyone, I invite you to review the FTM chart on a one-day interval. As we can see, the price has broken the downward trend line, above which the price movement is currently maintained.
When we look at the EMA Cross 10 and 30 indicator, we can see that the red EMA Cross 10 line has crossed the green EMA Cross 30 line from below, which indicates a local return to the uptrend.
Looking at the current price increases, it is worth moving on to determining the resistance that we should take into account. And here there is a strong resistance zone from $0.56 to $0.66, only when the price overcomes it and then tests positively should we see an upward movement to the level of approximately $0.97.
In the second direction, you can see how the price stays above the newly formed support at $0.42, then you can see support at $0.32, and then you can see how $0.25, which previously maintained a move in one and the other direction.
The RSI indicator shows an upward movement with room for the price to go a little higher, but caution should be exercised because the STOCH indicator reflects at the upper limit, which may limit the growth.
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice.
Hey Folks !
I have marked all the important levels for the year,
All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area.
These levels are very simple yet very important.
Use these levels with your existing trading strategy and experience to get most odds in your favour.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges.
If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
All the Best Folks ! Stay tuned for updates.
Cup and Handle Pattern Breakout Arbitrum (ARB), observed on the 1-day timeframe, has constructed a substantial Cup and Handle pattern, signaling a potential bullish sentiment in its price movement. The recent breakout above this pattern confirms the bullish bias. The analysis suggests an expectation of a retest around the support zone, with an ideal entry point identified at $1.44.
🔄 Cup and Handle Pattern Formation:
ARB has successfully formed a significant Cup and Handle pattern on the daily chart, a technical formation often associated with bullish reversals. The breakout above this pattern indicates a potential continuation of the upward trend.
🚀 Bullish Momentum Confirmation:
The breakout above the Cup and Handle pattern serves as a confirmation of bullish momentum in ARB. This pattern suggests a shift from a consolidation phase to a potential uptrend, and traders are likely to monitor for opportunities aligned with this shift.
📉 Anticipated Retest and Entry Point:
The analysis anticipates a retest of the support zone following the Cup and Handle breakout. The ideal entry point for traders could be around $1.44, coinciding with the potential retest zone. This level provides an opportunity for traders to enter bullish positions.
💡 Trading Strategy:
Traders considering ARB may strategize for a potential entry around $1.44, contingent on the anticipated retest of the support zone. Confirmation of support at this level could serve as a signal for bullish positions. Implementing risk management strategies, such as setting stop-loss orders, is crucial.
🔮 Future Outlook:
The technical analysis suggests a bullish outlook for ARB following the Cup and Handle pattern breakout. Traders should closely monitor the anticipated retest around $1.44 for potential entry opportunities. As with any trading decision, adaptability and risk management remain essential in navigating the cryptocurrency market's dynamic nature.
Alchemix ($ALCX) Bullish OutlookAlchemix ($ALCX) is so undervalued right now, a hidden gem of De-Fi projects.
Falling wedge spotted in 1W time frame, if the price break the swing high then we are good to go. My target is the first major resistance/supply area around 250-400 USD. Don't miss out on this, atleast buy some small amount you will thank yourself in the future.
OPUSDTHi guys
The resistance area on the time form of the day is not yet fully consumed, look carefully!
As long as the price range of $6,763 is maintained, a downward trend similar to the scenario is very likely.
What do you think?
USDJPY sell (swing trade)This trade is considered being more risky as it does not really follow my strategy.. I am just testing something to potentially improve my strategy.
It rejected off a resistance on the 4hr and Daily timeframe. So I enter this long term swing tade... might scale in and out along the way, but the core pos will be held for potentially days or even weeks.
Mastering Trading with Support and Resistance LevelsTrading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators.
Understanding Support and Resistance
- Support : A price level where a downtrend may pause due to a concentration of demand.
- Resistance : A price level where an uptrend can pause or reverse because of a concentration of selling interest.
The Significance of Confirmation
Confirmation is crucial when trading with support and resistance, as it ensures that the price respects these levels before making a trade. Waiting for confirmation reduces the risk of false signals.
Candlestick Patterns: The Language of the Markets
Understanding candlestick patterns is essential for interpreting market sentiment at support and resistance levels. Patterns like bullish engulfing or bearish engulfing suggest strong reversals.
Finding Confluence with Other Indicators
Confluence enhances the reliability of trading signals. Combining support and resistance analysis with other indicators like moving averages or the stochastic RSI can provide stronger entry or exit signals.
Integrating Support and Resistance into Your Trading
Identify key levels : Mark clear support and resistance levels on your chart.
Wait for confirmation : Confirm the level is holding through candlestick patterns or price action before trading.
Look for rejection patterns : Observe candlestick formations for reversal signals.
Seek confluence : Use other indicators to validate your trading signals.
Manage your risk : Always set a clear stop-loss order to manage potential losses.
By employing these strategies, traders can enhance their market navigation skills, focusing on managing risk and seizing the right opportunities. With patience and practice, trading with support and resistance levels can be a vital part of a successful trading approach.
MINA ANALYSISHi Everyone!
MINA Analyze ( MINAUSDT), 1-hour time frame ⏰
- if MINA is able to breakout resistance, then the next target is 1.2630,
- and if MINA is able to break through resistance then the potential decline could be to 1.1350
*Follow For More!
*DYOR
EURNZD - Potential Buy on 4hrVANTAGE:EURNZD
We have strong support/resistance here and if history repeats itself we may enter a buy.
Still being patient on this and waiting for further confirmation of a change in direction.
I will need the 2 Stochastic Lines above, or crossing above the Purple 50 Line for longs, at least
ENS USDT long positionObserving the current market dynamics, it is evident that the price has recently breached a significant resistance area. Presently, it is in the process of completing a pullback to that same area. Notably, there is a robust order block situated within this region, emphasizing its strategic importance. Furthermore, the 0.5 Fibonacci retracement level coincides with this area, adding another layer of significance. Considering these factors, my expectation is for a potential increase in price.
please follow and support for more analyses
AUDUSD - Support / Resistance / Breakout trade - 06 Feb 2024Price makes a breakout on 1H levels and returns back into the level. Topline of the level is still waiting to be touched, where many session tops are formed, then breakout to downside and makes a retest on 1H level-low.
USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zoneOANDA:USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order:
Sell now at 0.86692
SL at 0.86866
TP1 at 0.86541
TP2 at 0.86364
TP3 at 0.86120
Note: capital management 2%
XAUUSD H1I think the market basically moves from on news event to another. And between them in the range zone and I expect pullback to the resistance zone. MY goal is the support area at 2004.44
✅BITCOIN LOCAL SHORT🔥
✅BITCOIN is trading in a
Local downtrend and the
Coin made a retest of
The horizontal resistance
Of 40800$ from where
I think we will see
A bearish move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
ETH BullishBullish at least the medium term. Two scenarios posted.
I am not a financial advisor and this is not financial advice. DOYR.
New low in EURUSDYesterday, EURUSD broke the previous bottom and reached the first target - 1.0820.
All sales already made must be reduced risk.
New trade opportunities will be available after pushing back from the resistance.
The target is a new test of 1.0820, and on a break, heading towards 1.0740!
The sell idea is broken on a break above 1.0916.
SPY overview - Jan 19Yesterday after gapping up, the market tested the Jan-17 High/Close. Then broke through 8EMA and closed strong.
Now the nearest support level is the short-term moving average - 8EMA.
The nearest resistance levels are now at 478.60, together with TRL.
It's important to note that yesterday's move was driven by strength in the semiconductor sector as well as the leadership of megacaps.
The big question for me now is which other groups of stocks the cash will flow into and whether it will flow anywhere else besides megacaps.
Price returns to the descending range XAUUSD 1HXAUUSD broke and fixed tow important area 2050 and 2030.i LOOK for selling signal, because price returns to the descending channel and testing local lows on the back of a rising dollar
Resistance levels:2024-2030
Support levels:2017-2013-2010
