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Support and Resistance

UNIVERSOFSIGNALS| Bitcoin Daily Analysis #18👋 Welcome to UNIVERS OF SIGNALS ! Let's dive into the analysis of Bitcoin and key crypto indicators. Yesterday, the price broke the critical support level at $87,700 and proceeded to the next bearish leg. Today, we'll explore what might happen to Bitcoin in the future and identify appropriate triggers for opening positions in the New York session. ⏳ 1-Hour Timeframe As you can see, yesterday the price was rejected from $89,458 and moved downwards, breaking the support at $87,070 and dropping to the area of $83,779. ⚡️ As you notice, I have adjusted the Fibonacci that I had drawn. This is because the price did not even correct to the 0.382 Fibonacci level. In fact, the correction and rest that occurred up to $89,458 was not a true correction, but rather a part of the bearish leg. ✅ As you can see in this new form that I have drawn Fibonacci, the 0.5 and 0.382 levels have become very important areas and can be considered significant resistance zones for the price. ♟ Currently, after reaching $83,779, the price has found support at this level, and as observed, the RSI has shown significant divergence with the previous bottom, and after the divergence trigger in the RSI hit 50, we see that the price has managed to form a green candle. 🔍 If the price can rise above this level again and return to the box between $87,070 and $89,458, we can say that the bearish trend has temporarily ended, and the market wants to create a new structure for opening positions. 🧪 As we did before, we supported from $87,070 and took a day of rest in this area. We opened a position when it broke $87,070, and I hope you were with us and opened your position. 🔄 From the positions we previously held from higher areas like $95,108 and $93,433, I suggest using Dow Theory to close your positions if the price establishes a higher floor and ceiling. You can also place your active stop loss above the resistance area of $89,458, which corresponds to the 0.5 Fibonacci level. 📈 However, for opening positions today, if the price moves sharply upward and forms a V pattern, you could consider opening a long position if it breaks $89,458. But this position is very risky, and I personally won't open it because the market trend and momentum are completely bearish, and I see no sign of an upward trend. 🔽 For short positions, if the price is rejected from $87,070, you could open a short position in the lower timeframes if this trigger breaks. However, if you want to behave more securely, you can open a short position if $83,779 breaks. 🎲 I will not be joining this position because I have positions open from higher up, and I don't want to disrupt the average of my position and have it move lower. I think the price has fallen enough and now needs rest, although my view might be wrong, and the price could from here again commence the next bearish leg. 👑 BTC.D Analysis Let's move on to analyzing Bitcoin dominance to determine which coins might be more appropriate to trade today. As we see, there was another drop in Bitcoin dominance, this time breaking the area of 90.61, and dominance has returned to the previous low of 60.48, where it found support. 🧩 As Bitcoin corrected, Bitcoin dominance also increased, causing Bitcoin to perform deeper corrections compared to altcoins. 🧲 When we get to Total2, we'll see that Bitcoin has corrected more than altcoins, but determining the trend in Bitcoin dominance is a bit difficult as it's nearly forming a large range box between 60.48 and 62.19. As long as it's in this box, it's hard to determine a clear trend, and it might move towards the bottom or top of the box. 💥 However, since we are currently at the bottom of this box, if dominance again stabilizes above 60.21, we can take this as confirmation of becoming bullish. If the bottom of the box, which is 60.48, breaks, dominance could move to its next bearish leg targeting 59.84. 📅 Total2 Analysis As you observed, alongside the drop in Bitcoin dominance, the market also fell, which caused Total2 to not lose its important area of 1.07 and to bounce back from there, moving upwards. ✨ But as I mentioned, the increase in Bitcoin dominance caused Bitcoin to correct more than altcoins, but overall, Total2 is in a better situation than Bitcoin because Bitcoin was supported at a lower level and lower support, but Total2 bounced back from the same support at 1.07 and is moving upwards. 💫 I expect a box to form between 1.07 and 1.13, which overlaps with the 0.382 Fibonacci, and Total2 could create a structure in this box. Today, if any of these structures break according to Bitcoin dominance, you can open positions, but given that Bitcoin dominance is falling, I prefer to open a position on Bitcoin if the bottom of the box breaks and if I want to open a long position, do it on altcoins unless Bitcoin dominance rises from the bottom of its box and starts moving upward again, becoming bullish. 📅 USDT.D Analysis Let's go to the analysis of Tether dominance. As you see, dominance broke the resistance at 5.04 and made another upward move to the resistance at 5.21. ⭐️ Currently, dominance is moving downwards again and has entered a corrective phase. There is a very important floor at 4.92, and as long as it is above this area, I see the trend of Tether dominance as bullish. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by UNIVERSOFSIGNALS
USDCHF to continue in the downward move?USDCHF - 24h expiry Broken out of the channel formation to the downside. Our short term bias remains negative. Previous support level of 0.8965 broken. Preferred trade is to sell into rallies. 50 4hour EMA is at 0.8987. We look to Sell at 0.8987 (stop at 0.9012) Our profit targets will be 0.8915 and 0.8905 Resistance: 0.8974 / 0.9004 / 0.9020 Support: 0.8950 / 0.8930 / 0.8912 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
CEX hacks turn attention to DEX once again, AEVOas market participants quietly allowed themselves to forget about the CEX Ponzi scheme that was FTX supported by its wealthy social media shills, Bybit is hacked by North Korea for $1.5b... not hours after Coinbase CEO Brian Armstrong claims lawsuits against the industry will be dropped. What further evidence is needed as to why this industry is doomed to fail? On the above 6 day chart price action on the decentralised exchange token AEVO has corrected 95% since February last year. Market participants are now bearish, just in the knick of time…. a number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. (see linear chart below) 2) Regular bullish divergence as measured over a one month period. 3) Hook reversal pattern. You either know or you don’t. You’ll see an HRP on the Bitcoin pair also. 4) Two significant areas of resistance are shown, one at 280% and the other at 750%. Is it possible price action continues correcting? Sure. Is it probable? No. Ww breakouts News source: www.trmlabs.com
Long
by without_worries
1
NZDCAD AnalysisNZD/CAD Technical Perspective: The NZD/CAD pair is currently positioned at a key support zone, where price action has historically reversed direction. Following a recent rebound from this level, the pair is now retesting the support area. Given the broader uptrend structure (characterized by higher highs and higher lows), this retest presents a potential opportunity to enter long positions, contingent on bullish confirmation at this critical juncture. Key Observations: Established Uptrend: The pair’s consistent upward trajectory on higher time frames supports a bullish bias. Support Retest: The current pullback to the support zone aligns with typical price behavior in trending markets, where retests of prior levels often precede trend resumptions, but a decisive close below the support would invalidate the bullish setup, potentially signaling a trend reversal or deeper correction. Risk Management Strategy: A prudent approach would involve placing a stop-loss below the support zone to protect against a breakdown, while targeting the next resistance level for profit-taking. Final Assessment: The setup aligns with bullish momentum, provided the support holds. Traders should await confirmation (e.g., bullish candlestick patterns, rising momentum indicators) before committing to long positions.
Long
by sirkamal
1
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone. 💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation. 💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet. 💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes. 💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop. 🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
THE KOG REPORT - UpdateEnd of day update from us here at KOG: As mentioned yesterday, we were looking for the retracement into that 2920 level before another opportunity to short gold following our latest bias level targets and Excalibur. The move presented itself and although it was very choppy we completed the targets below. We now have support below at the 2910 level with resistance again at 2920, for that reason, if we stay above the key level we're likely to see this want to settle around the circled region. We need to monitor this 2925-30 level again tomorrow, as a spike and rejection can cause another bearish day. Morning review: Price: 2914 KOG’s Bias of the day: Bearish below 2935 with targets below 2910✅, 2900✅ and below that 2997✅ Bullish on break of 2935 with targets above 2942, 2945 and above that 2950 RED BOXES: Break above 2916 for 2920, 2927 and 2935 in extension of the move Break below 2910 for 2903✅, 2900✅ and 2893✅ in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
SPX the bullish case to 7k or is the top in now? or bearish?Here are the levels for bull or bear on the SPX based off a fib extension from the macro lows. What is interesting is how the price has reacted off the 0.618 and 0.5 levels suggesting that it has further to go because we have broken out However if you draw another fib extension from the lows it shows a top around 6100-6150 range where we are now. Good luck - lets hope the bulls win out and crypto takes off too. If you do the same analysis on the Nasdaq fib tops out at 26,400 where fib is equal to 1. that implies Nas to over perform to 20-25% from todays levels hence supports the argument here for higher prices on the SPX
CBOE:SPXLong
by William_Playfair
DeGRAM | EURUSD lower volatilityEURUSD is in an ascending channel between trend lines. The price is moving from the upper boundary of the channel, resistance level and upper trend line, which has repeatedly acted as a pullback point. After the chart failed to form an ascending structure, the volatility decreased and after the chart returned under the dynamic resistance level and is currently holding under the important psychological level of $1.05. We expect the pair to pullback to $1.03430 after consolidating under the supply zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
UNIVERS OF SIGNALS| ASTR: Key Support Levels and Market Momentum👋 Welcome to UNIVERS OF SIGNALS ! In this analysis, I want to review ASTR, one of the coins in the Ethereum ecosystem, currently ranked 159th on CoinMarketCap with a market cap of $297 million. 📅 Daily Timeframe On the daily timeframe, as you can see, the price is in a long-term downtrend. The first bearish leg started from the $0.1907 high and moved down to the $0.0505 level. After this move, the price formed a consolidation box between $0.0505 and $0.0813. Once $0.0505 was broken, the price dropped further to the key support at $0.0369. ⚡️ As highlighted on the chart, there is a critical demand zone near the $0.0369 level. If the price breaks below this zone, it could register a new all-time low (ATL), which could put serious pressure on the project’s outlook. 📊 As observed, market volume within the consolidation box was decreasing. However, after the breakout, volume increased. Now that the price is ranging again, volume is dropping once more. If RSI enters the oversold zone and breaks below the 30 level, the likelihood of breaking $0.0369 significantly increases, which could trigger a strong downward momentum, leading the price toward new lower targets. 📈 On the bullish side, if the $0.0369 support holds and pushes the price upward, the first long trigger we can consider is $0.0505. We can also confirm bullish momentum from RSI if it breaks above 54.14. ⏳ 4-Hour Timeframe Now, let’s examine the 4-hour timeframe for a more detailed view of price action. As you can see, the price has formed a ranging box between $0.0369 and $0.0499. 🧲 At one point, the price attempted to break above this range, even forming a higher high and higher low, but failed. After a fake breakout, a double top pattern was confirmed, and when the neckline broke, the price moved downward, reaching the $0.0369 zone once again. ✅ This $0.0369 level remains crucial, as it could keep the price in the current range or push it upward once again. 🧩 However, as seen on the chart, green candles have significantly lower volume than red candles, indicating that bears still dominate the market. The possibility of breaking below this support remains high. 📉 For short positions, the break of $0.0369 would be a strong confirmation. However, keep in mind that below this level lies a strong demand zone, meaning that a reversal could happen at any time. It’s crucial to manage risk carefully when entering shorts. 🔼 For long positions, assuming the previous bullish move was a fake breakout, a break above $0.0419 would be a reasonable entry. However, a more secure long trigger would be at $0.0456. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by UNIVERSOFSIGNALS
USDCHF -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A trough is formed in daily chart at 0.89115 on 02/25/2025, so more gains to resistance(s) 0.90367, 0.91497, 0.92218 and more heights is expected. __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
17
S&P 500 - What after 6010 – Key GDP Data in FocusS&P 500 (SPX500) Analysis – February 27, 2025 The S&P 500 has declined to 5937, as expected , after rejecting the 6010 pivot zone. Market sentiment remains mixed following Nvidia’s earnings, which were neither overly bullish nor bearish, while investors now shift focus to today’s GDP release: If GDP comes in below 2.3%, a bullish reaction is likely. A stronger-than-expected GDP could reinforce downside pressure on indices. Technical Outlook 📉 Bearish Scenario: As long as the price remains below 6010, the downtrend remains active, with the next key support at 5979 and 5937. A 1H or 4H candle close below 5937 would accelerate the decline toward 5920. 📈 Bullish Scenario: A break and 1H or 4H close above 6010 would indicate a bullish shift, targeting 6031. Stability above 6031 would strengthen momentum toward 6055 and 6086. ⚠️ Market Impact: GDP data will drive today’s market movement—watch for increased volatility. Key Levels to Watch 🔸 Resistance: 6031 | 6068 | 6102 🔹 Pivot: 6010 🔻 Support: 5979 | 5952 | 5920 📉 Directional Bias: Bearish below 6010, but a confirmed break above 6010 could trigger a bullish shift.
OANDA:SPX500USDShort
by SroshMayi
Continue to short gold after the reboundAfter sideways consolidation, gold chose to move downward again, and the current situation and direction are very clear. 2956 has basically been confirmed as the current stage high, so in the New York trading session, we only need to find the right time and point to short gold. However, although the decline of gold just now was strong, it still seemed a little hesitant when facing the low point last night. There is still a certain support in the intraday, and the gold price will more or less rebound. The resistance area above is the 2915-2925 zone, so I will short gold with the resistance of this area, and gold will definitely touch the 2880-2870 zone or even lower during this round of decline. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Gold Ascending Channel was brokenGold (XAU/USD) – 1H Chart Analysis (Feb 27, 2025) 1. Market Structure & Trend Analysis Gold has been trading inside an ascending channel, but recently, price broke below the lower trendline, suggesting potential downside continuation. The key support level at $2,836 is highlighted as a major area to watch. If this level breaks, further downside could be expected. Bearish RSI Divergence has formed, meaning price made higher highs, but RSI made lower highs, signaling weakening momentum. 2. RSI & Momentum Analysis RSI is currently at 38.40, approaching the oversold area (below 30), which means we could see a short-term bounce before further downside. However, momentum remains weak, and lower highs on RSI indicate that buyers are losing strength. 3. Key Levels to Watch Resistance: $2,900 - $2,910 (Previous support turned resistance) $2,940 - $2,950 (Upper trendline resistance) Support: $2,860 (Recent bounce zone) $2,836 (Major support; a break below confirms further downside) $2,800 (Psychological level and next downside target) 4. Potential Trade Scenarios 📉 Bearish Scenario (Higher Probability) If price rejects at $2,900 or breaks below $2,860, we could see a move down towards $2,836. A break below $2,836 would confirm further downside towards $2,800. Short Setup: Entry: Below $2,860 Stop-loss: Above $2,900 Target: $2,836, then $2,800 📈 Bullish Scenario (Low Probability) If price reclaims $2,900 and holds above it, a move back to $2,940 - $2,950 could be possible. Long Setup: Entry: Above $2,900 Stop-loss: Below $2,880 Target: $2,940 5. Conclusion & Strategy Short-term bias: Bearish, with a potential retest of $2,836. Watch for rejection at $2,900 or breakdown below $2,860 for a short opportunity. Longs are risky unless price reclaims $2,900 and shows strength.
OANDA:XAUUSDShort
by Forexbeats
BTCUSD: Bearish Signal from Mother Candle on Daily ChartMother Candle - A big candle that engulfs the subsequent candles. The Mother Candle formed on Dec 5th on a Daily Chart still holds good, with a Bear Counter Attack and a Fake Break Down. With the Rising Wedge to get to the Mother Candle, there is a very high probability that this could be a bearish reversal. If there is a Break Down on the Mother Candle, there are known support levels from GETTEX:92K to $85K. The price could dip down to one of these levels. Let's see.
COINBASE:BTCUSDShort
by pmasilamani
8