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Resistence

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.
AMEX:SPY
by ivanistrading
BK ⬆️ Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ resistance + RSI Signal 💲 Entry Point : 52.14 🟢 TP 48.87 🔴 SL 53.45 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
NYSE:BKShort
by EMA_Trading
1
GOLDEN STAR|Important demand areas for entering sales orders.Here we currently have support from which we have seen upward scalp reactions. -One point that we should consider is that the selling pressure is more on gold at the moment. Because of this sales transactions can have a higher winning percentage. -To enter sell orders, we should consider the supply areas around the price of 2068 and the price area of 2074, of course, with proper confirmation. If we want to say the important areas for entering into buying transactions, the price areas of 2048 and 2033 are valid areas for buying transactions.
OANDA:XAUUSDShort
by Golden_Star1994
BTC Market Update 12/30/2023BINANCE:BTCUSDT Bitcoin has recently seen a deceleration in the mid-$40,000 range, encountering resistance levels between $43,000 and $44,000 on both a weekly and daily basis. From a technical standpoint, surpassing this resistance zone is crucial for supporting a bullish continuation. Currently, the market is facing challenges in overcoming these levels. To approach this situation cautiously, a positive sign of momentum would be a weekly close above $44,100. Alternatively, a more assertive stance requires a daily close above $43,900, indicating strength in the short-term trend. Traders focusing on technical pullbacks to support levels should consider $37,000 as the earliest significant pullback level on the daily chart. However, this may be deemed an aggressive entry point. Beyond technical analysis, a pivotal factor is the imminent decision on the spot ETF, expected in early January. This event has the potential to significantly influence market dynamics, and we anticipate it to be a "sell-the-news" occurrence that bottoms shortly before a surge towards the halving. Prudent trading strategies involve either maintaining a long position from a lower entry point while anticipating volatility around the ETF announcement or adopting a wait-and-see approach until the aftermath of the ETF decision becomes clear.
by TheArabianWhale
1
EUR/USD ⬆️ Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ Waiting to hot the resistance price 💲 Entry Point : 1.10989 🟢 TP 1.12763 🔴 SL 1.10139 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
STRAX: Building Momentum for a Breakout! 🚀💹Introduction: 🌐 STRAX is under the spotlight as the trader strategically accumulates for potential gains! The coin has been consolidating within the historical resistance zone of $1.19 - $1.27 for the past two months. With substantial accumulation and significant volumes, the trader anticipates an impending breakout, projecting bullish momentum in the coming weeks. Trade Plan: ✅ The trader has acquired a mid-term position on STRAX, observing the coin's consolidation near the historical resistance zone. The accumulation phase, coupled with substantial volumes, fuels the expectation of an impulsive breakout and subsequent upward movement. Technical Analysis: 📊 Examining the chart, STRAX has been approaching the historical resistance zone of $1.19 - $1.27 for an extended period. The trader identifies the impressive accumulation and substantial volumes, signaling a potential breakout. The anticipated breakout is expected to initiate a sustained upward trajectory. Risk Management: 🚨 To manage risks, the trader suggests placing a stop, at the discretion of the investor, at approximately $0.897. Targets: 🚀 The trader has marked potential targets on the chart, providing a visual roadmap for prospective gains. Conclusion: 🌟 STRAX beckons traders to join the momentum-building phase as it eyes a breakout from the historical resistance zone. With strategic accumulation, substantial volumes, and outlined targets, the trader anticipates a bullish surge in the coming weeks. Prepare for potential gains with STRAX! 💹🚀
S
by RICHI_CRYPTO_SIGNAL
BIGTIME Speculative Play: Riding the Waves of Wave Structure! 🌊Introduction: 🌐 Brace yourself for a speculative journey with BIGTIME! The trader is eyeing potential opportunities as the coin forms a wave structure, currently undergoing a correction in the fourth major wave. Let's dive into the details of this speculative play. Trade Plan: ✅ The trader plans to speculatively accumulate BIGTIME, perceiving the coin's formation of a wave structure and correction in the fourth major wave. The anticipated decisive turnaround is expected around the $0.472 level, marked by the 0.618 Fibonacci retracement. Technical Analysis: 📊 Analyzing the chart, BIGTIME appears to be in the process of forming a wave structure, currently undergoing correction in the fourth major wave. The trader identifies the $0.472 level, corresponding to the 0.618 Fibonacci retracement, as the potential point for a conclusive reversal and the initiation of the fifth impulsive wave. Risk Management: 🚨 Acknowledging the speculative nature of the trade, the trader suggests placing a stop at approximately $0.399 (below the moving average). This measure aims to mitigate risks associated with the speculative play. Targets: 🚀 The trader has outlined potential targets on the chart, providing a visual guide for prospective gains. Entry into the trade will be executed through a single limit order. Conclusion: 🌟 BIGTIME beckons speculative traders to ride the waves of its evolving structure. With a strategic entry around $0.472 and risk management in place, this play aims to capture potential gains as the coin moves towards the fifth impulsive wave. Get ready for a speculative adventure with BIGTIME! 💹🚀
by RICHI_CRYPTO_SIGNAL
UNFIUSDT: Riding the Trend Waves with a Long Position! 🚀💹Introduction: 🌐 Uniswap (UNFI) enthusiasts are gearing up for a potential bullish ride! The trader has initiated a long position from $7.837, with a stop-loss set at $7.792. Let's delve into the details of this trade on the 30-minute timeframe. Trade Details: 💰 The long position (#UNFIUSDT) takes off from $7.837, secured by a stop-loss at $7.792. The decision is supported by the coin forming distinct local resistance levels, marked by clear touches and the accumulation of participant stops. The compression along the trendline indicates the presence of limit buyers keen on updating the highs. Technical Analysis: 📊 Zooming into the 30-minute timeframe, UNFI has shaped several local resistance levels with evident touches and the stacking of stops. The compression along the trendline signals the presence of limit buyers, indicating interest in pushing for new highs. Expectations and Strategy: 🎯 The trader contemplates a gradual approach, navigating along the levels and increasing trading volumes ahead of the breakthrough. Trade Target: 🚀 The primary goal is to ride the trend waves, capitalizing on the compression along the trendline and achieving potential profits as UNFI aims for new highs. Conclusion: 🌟 UNFIUSDT invites traders to join the journey of potential gains. Prepare for a bullish ride, watch for compression along the trendline, and get ready to surf the waves of upward momentum! 🚀💹
U
by RICHI_CRYPTO_SIGNAL
2