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Resistence

Levels I'm Watching For The Downside.Inverted BTC chart. i wouldn't start looking for lower targets until 26.5k is broken as support. Levels marked in red: Losing these levels will most likely lead to a market bleed. (The two higher at 46-53k are our peak 150 day moving average for the past cycle, btc has always retested these levels before the halving, first sign something may be "wrong" if we don't see these levels by early Q2 2024) Levels marked in black: I'm viewing as strong resistance/support Levels marked in green: Will act as soft supports/ resistances, but they most likely wont be pivotal levels. (Lighter the green the lower amount of play that levels has seen) Levels marked in gold: Pivotal levels/ very bullish if we can crack through them. Larger green/red zones is our consolidation ranges where market participants like to take risk on the table/ take risk off the table. 25.2-27.2k, as seen on the chart, has never been consolidated in. It would make sense for market participants to fill that trading gap before choosing a direction. Below 26.5k i'm aiming at our first Black level at 21.5k. Above 26.5k and i can see us trying to come back up and try and tag 33k one last time. That's it for now. As Always, Good Luck and Safe Trading.
BITSTAMP:BTCUSD
by CapitulationCalls
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As we can see, the price has fallen below the uptrend line. Let's start with the support line and as you can see the first strong support is at $ 26656, if the support is broken then the next support is $ 25281, $ 23929 and $ 21967. Now let's move to the resistance line, as you can see the first significant resistance is $ 29813, if you manage to break it the next resistance will be $ 31503 and $ 32856. Looking at the CHOP indicator, we see that the energy is charged on the short interval, the MACD indicates a return to the local uptrend, while the RSI after a strong rebound we have a slight increase.
by cryptodailyuk
MATIC/USDT 1DInterval ReviewHello everyone, let's look at the MATIC to USDT chart on a one-day time frame. As you can see, the price is holding just above the uptrend line. Let's start with the support line and as you can see the first support in the near future is $0.95, if the support is broken then the next support is $0.80, $0.58 and $0.31. Now let's move to the resistance line, as you can see, the first resistance is $1.03, if the price breaks it, the next resistance will be $1.20, $1.43 and $1.75. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates entering a downtrend, however, we see a strong rebound on the RSI, which may indicate that the support point on the trend line may end the correction.
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by cryptodailyuk
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 30451$ 🔴Resistance Line 30191$ 🔴Resistance Line 29148$ 🟢Support Line 28136$ 🟢Support Line 27846$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
DOT/USDT 1D ReviewHello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price remains above the uptrend line. Let's start by drawing a support line. And as you can see, the price is in front of a very strong support at the so-called golden point Fib Retracement equal to $ 5.63, if the support is broken then the next support is $ 5.02 and $ 4.22. Now let's move on to the resistances that the price has to overcome. First, we have a very strong resistance zone from $6.23 to $6.54, when we manage to break it, the second resistance is $6.85, the third at $7.32 and then the fourth at $7.90. Looking at the CHOP indicator, we see that there is still some energy left, the MACD indicates a downtrend, however, the RSI is approaching the lower limit, which may indicate the approaching end of the correction.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start with the support line and as you can see the first support in the near term is $ 326.8, if the support is broken then the next support is $ 321.2, $ 313.4 and $ 303.2. Now let's move on to the resistance line, as you can see the first resistance is $ 334.4, if you manage to break it, the next resistance will be $ 340.5, $ 346.7 and $ 355. Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a local uptrend return, while the RSI also has a rebound.
by cryptodailyuk
How to determine a breakout level ?A breakout occurs when the price of an asset moves above or below a significant level of support or resistance. For traders, identifying a breakout can be a profitable opportunity to enter or exit a trade. Here are some steps to help you identify a breakout: Identify the key support or resistance level - This is usually a level where the price has previously bounced off several times. Look for a strong momentum in the direction of the breakout - This can be indicated by a sudden increase in volume, or a significant move in the price. Wait for the breakout confirmation - This is when the price moves decisively above or below the support or resistance level. Confirm the breakout with other technical indicators - Use other technical indicators, such as moving averages or trend lines, to confirm the breakout and determine the strength of the trend. Place your trade - Once you have confirmed the breakout, you can enter a long or short position, depending on the direction of the breakout. Remember that not all breakouts are successful, and it's important to use proper risk management techniques, such as setting stop-loss orders, to limit your losses in case the trade goes against you.
Education
by CScalp_EN
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see we have the first strong support at $ 27798, however if the price falls below the support we can see a correction around the next strong support at $ 25824. Now let's move to the resistance line, as you can see the first resistance is $ 29155, if it breaks down the next resistance will be $ 29709, the third resistance will be $ 30165, the fourth resistance will be $ 30602 and then the fifth resistance at $ 31236. Looking at the CHOP indicator, we see that any collected energy is quickly used up, the MACD confirms the downtrend, while the RSI has crossed the lower limit of the range, which can give you a moment of breath.
by cryptodailyuk
1
SOL/USDT 1DInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a single day timeframe. As you can see, the price is moving above the uptrend line. Let's start with the support line and as you can see the first support in the near term is $23.40, if the support is broken then the next support is $21.78, $20.44 and $19.10. Now let's move to the resistance line, as you can see the first resistance is $26.38, if you manage to break it, the next resistance will be $27.84, $29.04 and $30.21. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing uptrend, while the RSI is moving at the upper limit, which means that the price may recover more.
by cryptodailyuk
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 30487$ 🟢Support Line 30191$ 🟢Support Line 29346$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Support and Resistance Explained WHAT IS SUPPORT AND RESISTANCE Trading support and resistance is like playing a game of tug-of-war between buyers and sellers in the market. Imagine a group of people trying to pull a rope from opposite sides. If one side is stronger, they will pull the rope in their direction. In trading, the buyers and sellers are like these people pulling on the rope. Support is like the floor of a room. It's the level at which the buyers come in and start buying a stock, because they believe that the price won't go lower than that level. So, if the stock price drops to the support level, it's like the buyers have put a floor on the price and won't let it go lower. Resistance is like the ceiling of a room. It's the level at which the sellers start selling a stock, because they believe that the price won't go higher than that level. So, if the stock price goes up to the resistance level, it's like the sellers have put a ceiling on the price and won't let it go higher. Traders use support and resistance levels to make decisions about when to buy or sell a asset. If the price is approaching a support level, a trader might decide to buy the asset, because they believe that the buyers will come in and push the price back up. On the other hand, if the stock price is approaching a resistance level, a trader might decide to sell the stock, because they believe that the sellers will push the price back down. Remember, support and resistance levels are not always exact, and the asset price can break through them if there is enough buying or selling pressure. But they can still be useful tools for traders to make informed decisions. Identifying Support and Resistance 🔷Look for areas where the price has previously turned around: This is one of the most common methods to identify support and resistance levels. You can look at a price chart and identify areas where the price has bounced back from in the past. These areas can become support or resistance levels in the future, depending on the direction of the price movement. 🔷Use trend lines: Trend lines are lines drawn on a price chart that connect the highs or lows of the price movement. A trend line connecting the higher highs can be a resistance line, while a trend line connecting the lower lows can be a support line. 🔷Pivot points: Pivot points are calculated using the previous day's high, low, and close prices. These levels can act as potential support and resistance levels for the current day's trading. You can find pivot point using Tradingview built in "More Technicals tools" 🔷Moving averages: Moving averages are used to smooth out the price action and identify the overall trend. They can also act as support or resistance levels, depending on where the price is in relation to the moving average. 🔷Fibonacci retracements: This method uses Fibonacci ratios to identify potential support and resistance levels. The levels are calculated by dividing the vertical distance between two significant price points by the key Fibonacci ratios (38.2%, 50%, and 61.8%). It's important to note that support and resistance levels are not exact and can sometimes be broken. So, it's essential to use other indicators and confirm the levels before making any trading decisions. Here are some other key facts about support and resistance that you may find useful: 🔸Support and resistance levels can switch roles: When a support level is broken, it can turn into a resistance level, and vice versa. For example, if a stock price breaks through a resistance level, that level can become a support level for future price movements. 🔸Multiple support and resistance levels can exist: A price chart can have multiple support and resistance levels at the same time, depending on the time frame and the volatility of the market. Traders can use different levels to make informed decisions about buying or selling a stock. 🔸Volume can confirm support and resistance levels: High trading volume at a support or resistance level can confirm its validity. For example, if a stock price bounces off a support level with high trading volume, it's a sign that there is buying pressure at that level. 🔸Support and resistance levels are not exact: As I mentioned earlier, support and resistance levels are not exact and can be broken. Traders should use other indicators, such as trend lines, moving averages, and candlestick patterns, to confirm the levels before making any trading decisions. 🔸Support and resistance levels can be influenced by external factors: Economic events, news releases, and market sentiment can also influence support and resistance levels. For example, a positive earnings report can break through a resistance level, while negative news can break through a support level. Traders should keep an eye on these external factors to adjust their trading strategies accordingly.
BITSTAMP:ETHUSDEducation
by ChristopherDownie
24
EUR/USD at a 23 year pivot lineThe Euro dollar has reached a critical long-term resistance level between 1.1050 and 1.1075. This area marks the 23.6% retracement of the entire downward move from the peak in 2008 to the low in 2022. It is also where the previous long-term uptrend, dating back to the low in 2000, intersects. This intersection is expected to serve as strong resistance. Considering the daily Relative Strength Index (RSI), which indicates a loss of upside momentum, it would be reasonable to expect some profit-taking at this level. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
2
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher. Chart Analysis: EUR/USD Resistance and Support The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line. Economic News Impacting EUR/USD The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement. Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights. Upcoming Economic News Keep an eye on the economic news scheduled for the week, including: Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks Tue, Apr 18: EUR German ZEW Economic Sentiment Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
by ClintOnos