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DOT/USDT 1DInterval ReviewI invite you to review the chart of DOT in pair with USDT, on a one-day time frame. First, we will use the blue lines to mark the downward trend channel where the price remains. Going further, we can move on to marking support areas when we start a larger correction. For this purpose, we will spread the trend based fib extension grid, and we can see a strong support zone from $3.91 to $3.48, as you can see, the price has returned to the levels from which it started in the previous bull market. However, if we fall lower, we may see a drop to the support level of $2.86. Looking the other way, we see that the first significant resistance is the resistance zone from $4.53 to $4.80, then there is resistance at $5.13, and another strong resistance at $6. Please look at the CHOP index, which indicates that the energy is running out, the RSI indicator shows that we are still moving near the lower limit, which gives room for increases, and the STOCH indicator is also above the lower limit, which may be an impulse for an upward movement.
by cryptodailyuk
November Soybeans Test 1300 The November soybean contract tested 1300 per bushel on Tuesday, trading all the way up to 1303 ½, before ultimately settling at 1296 ¾. The question is now - where do we go from here? Psychologically Significant Resistance Failing to close above 1300 means we failed to close above a psychologically significant resistance level at 1300. Moreover, we’ve previously identified 3-star resistance between 1294 and 1299 ¾. Because we closed within that resistance pocket, it’s possible that we test 1300 and beyond once again in Wednesday’s trading session. But what if we don’t? If the market corrects lower on the failure to trade through resistance, where do we find support? Previous Resistance Becoming Support If we reject higher prices in tomorrow’s trade, previous resistance between 1280 and 1285 ¼ should serve as the first line of defense. Meaning, that if we see prices sell off throughout the session on Wednesday, we should expect prices to bounce back somewhere between 1280 and 1285 ¼. If we cut through 1280 rapidly, the next sufficient support pocket may factor in near the 38.2% retracement level between the May 31st and July 24th price extremes - coming in around 1249-1250. The Bottom Line We are in the midst of a pivot in the November soybean contract. Tomorrow’s price action should provide guidance on the intermediate-term’s price trajectory. Last week’s USDA report was mostly supportive of the soybean complex, and export sales have performed well over the past 6 weeks. That said, net-exports remain lower than they were at this time last year, and global demand remains deflated. Pay close attention to tomorrow’s closing prices as they may indicate the direction of the trend over the next 2-4 weeks. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZSX2023
by Blue_Line_Futures
Jai Corp at reversal point and continue the positive uptrendJAI CORP Have been closely following this stock in past. It has given a good breakout from previous resistance level and could possibly continue the uptrend in future. Currently, showing some reversal signs as the price is at it's previous resistance level back again. Could consolidate for some days before reversing for upside. if the market stays stable, My target for this stock is Rs.300 by anywhere in the year 2024.
NSE:JAICORPLTDLong
by StockSession
Gold H4 - Breakout and Retest at 1938 ResistanceIn the dynamic world of trading, spotting key price levels and breakouts can lead to profitable opportunities. We've observed a notable event on the H4 (4-hour) chart of Gold: a strong resistance breakout followed by a price test at the 1938 level. Let's keep it simple and explore this setup. Chart Setup: Asset: Gold Timeframe: 4-Hour (H4) Event: Resistance Breakout and Retest Key Observation: The H4 chart for Gold shows a recent resistance breakout, and the price has tested the significant 1938 level. Trading Idea: Here's a straightforward trading idea based on this setup: Entry: Consider entering a long position if Gold convincingly breaks and closes above the 1938 resistance level. This breakout could signal further upward momentum. Stop Loss: To manage risk, place a stop-loss order just below the breakout point, providing a buffer for potential price fluctuations. Take Profit: Set a take-profit level at your desired target. Given the 1938 resistance breakout, you may consider setting your initial target based on your risk-reward ratio and market conditions. Risk Management: Always prioritize risk management by calculating your position size to align with your risk tolerance. Adjust your stop-loss and take-profit levels accordingly. Final Thoughts: As of the time this post was written, Gold is testing the 1938 level after a resistance breakout. Markets can be unpredictable, so proceed with caution and maintain a disciplined approach to trading. Wishing you successful trades! 📈💰
OANDA:XAUUSD
by TradeGeniusPro
ETC/USDT 4HInterval ReviewHello everyone, let's take a look at the ETC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend Based Fib Extension grid, we see that the first support is at $15.44, and then we have a support zone from $15.19 to $14.98. Looking the other way, we will check the resistances in the same way and the first resistance is at $15.65, then the second resistance at $15.96, the third at $16.20, and then there is a resistance zone from $16.44 to $16, $79. Looking at the CHOP indicator, we see that there is a lot of energy to be used, while the STOCH indicator approached the upper limit, which resulted in a change in the price direction with room for further decline.
by cryptodailyuk
2
GOLD WAITING FOR THE BREAKOUT OF CONSOLIDATION Am going to wait for the consolidation breakout my conform is when the breakout on resistance am going to take the trade and if it breakout on support going to take sell. After breaking either the resistance or the support and retest it am going for the buy or sell entry with the clear conform, if it breakout resistance and retest my entry 1827.82 TP 1849.00 and stoploss 1824.36 and if it breakout support my entry 1816.18 TP 1800.00 and stoploss 1820.70 let's be patient for the breakout and keep eye's open.
CAPITALCOM:GOLD
by UnknownUnicorn13971156
2
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend. The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop. Approaching the Ascending Support Trendline Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news. FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure. The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement. In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance. Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline. Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
by cryptohopper
XAUUSD - Price Action - Today's Key Zones - London/NY SessionToday's potential trades for #XAUUSD - OANDA:XAUUSD It's over 100 pips between today's support/resistance zone. If there's no breakout, we have enough room to trade within these prices, on the smaller time frames with care If there is a breakout of today's support/resistance zone, it will come at these levels. 📈Potential Buys on close above 1829.139 📉Potential Sells on close below 1817.495 Once the price has closed above/below, we will look for an entry on a smaller timeframe. Our targets for today: Buys: Close Part of your trade/TP1 at 1839.583 and set SL to BE (or at around 50-100 pips) Close Full/TP2 at 1863.231 (or at around 150-200 pips) Sells: Close Part of your trade at 1808.355 and set SL to BE (or at around 40-90 pips) Close Full at 1795.320 (or at around 150-200 pips) Happy trading all 🤑
OANDA:XAUUSD
by n0madtrader
ETH/USDT Short-Term 1HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line. After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level of $1,562. Looking the other way, we see that first there is a resistance zone from $1,656 to $1,677, then we have resistance at $1,693, and then a second resistance zone from $1,710 to $1,733. Looking at the CHOP indicator, we see that energy is slowly being collected, the STOCH indicator again shows a strong use of energy for a price drop, while on the RSI, each rebound ends with a stronger downward reaction.
by cryptodailyuk
3
Breakout or Fakeout. USD-CAD Top of Wedge Trade SetupsFor a more detailed analysis, see my former post linked below which highlights many points of confluence for a bullish trend continuation. Here however I want to focus on our current move as we are approaching a strong upper resistance level . On our weekly chart, we're approaching a large resistance level in the top of a HTF wedge and the bottom of a large supply zone that's been mitigated twice. We just created a major CHoCH to the upside and though I do believe the market wants to break out of this wedge, I think another liquidity grab is necessary for buyers - perhaps a mitigation of the demand zone sitting just below. I'm looking for a return to 60% levels within the wedge and a subsequent large upward move for a successful breakout. For a short trade: Look for a rejection at these upper wedge levels and await a CHoCH & BOS to the downside on the 15min For a long trade: Look for a bounce off demand zone and and await LTF CHoCH & BOS
by ReigningTrades
BTC Short-Term Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is struggling to stay on the local upward trend line. After unfolding the Trend Based Fib Extension tool, we see that the price is based on the support zone from $27,407 to $27,089, but when we fall below this zone, we can see the price quickly return to the support zone at $26,169. Looking the other way, we see that the first resistance is at $27,888, then the second resistance at $28,167, the third resistance at $28,580, and then we have a strong resistance zone from $28,879 to $29,309. Looking at the CHOP indicator, we see that a lot of energy has been accumulated for the move, the STOCH indicator indicates that most of the energy is exhausted, which has slowed down the decline, but the RSI indicator still shows room for the price to go lower.
by cryptodailyuk
1
DAX TRADING OPPORTUNITY Following the Downtrend on the DAX, price made a lower high and lower low creating a new Market Structure. Digging into the volume-candle analysis the upward move from Wednesday to Friday last week, created under light volume and small range candles. Showing the potential downtrend continuation. Price rejection on Friday below the 50% fib reveals the strength of the bears in the DAX. considering the LHLL and the RSI below 50, both indicated bearishness. On this time frame. If price continues moving lower there is a key level of Support S1 found around 15143 and if price continues lower the next Key Support found at S2 around 15022. Pay attention to this , it is just above the round number 15000. In case the price continues moving upwards, there is a strong Resistance found at R2 that is in between the 50% and 61.8% fib level and this can cause the market to move lower Happy Trading guys
PEPPERSTONE:GER40Short
by MarketMindsMastery
BNB Short-Term Review 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9. Looking the other way, we see that the price is in a strong resistance zone from $215.7 to $218.2, and when it breaks it, it has strong resistance at $221.3. Looking at the CHOP indicator, we see that there is still energy to continue the movement, but on the STOCH indicator, the energy is used up in the short term, which may result in a temporary sideways trend or a small recovery.
by cryptodailyuk
2
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the BTC to USDT chart taking into account the four-hour interval. First, we will use blue lines to mark the local triangle in which the price is approaching the exit direction. When we turn on EMA Cross 200, we can see that the price is struggling to stay in an upward trend above EMA Cross 200. Now let's move on to the distribution of the Fib Retracement grid, and here you can see that the price is based on the support zone from $26,879 to $26,500, when it falls below this zone there is a second support zone from $25,883 to $25,463, and then there is strong support at the price of $24,902. Looking the other way, in a similar way we can check the resistance areas and here immediately above the price there is a strong resistance zone from $26,915 to $27,461, only when we manage to get out of it and test positively, we can see an increase to the resistance level at $28,162. Please pay attention to the CHOP index, which indicates that there is still energy to continue the correction, the STOCH indicator is still in the upper part, which may also indicate a deepening correction, while the RSI index, despite the recovery, has room for the price to go a little lower.
by cryptodailyuk
1
ETH Short-Term Review Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we see that a support zone has formed from $1,663 to $1,647, and then we have a second zone from $1,604 to $1,581. Looking the other way, we can see that the price is fighting against a strong resistance zone from $1,671 to $1,701, only when the top comes out of it can we see an attempt to grow towards the resistance at $1,787. Looking at the CHOP indicator, we see that the collected energy was again used to increase the price, while the STOCH and RSI indicators confirm that the recovery creates room for a greater price increase.
by cryptodailyuk
1
BTC/USDT Short-Term ReviewAs we can see, the price remains in an important resistance zone, the maintenance may result in an increase in the coming hours to around $28,000, but when the zone rejects the price, a support zone from $26,382 to $26,135 will be important. The next scenario will take place near the support zone: Option 1 is to keep the price around this zone and then increase. Option 2: leaving the support zone at the bottom and falling to around $24,900. The CHOP, STOCH and RSI indicators indicate the depletion of energy, which should provide a moment of relaxation in order to gather energy again.
by cryptodailyuk
3