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Support and Resistance

GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
DeGRAM | EURGBP rebound from 62% retracement levelEURGBP is in a descending channel above the descending wedge formed by the trend lines. The price is moving from the lower trend line and the lower boundary of the channel. The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
7
Gold: Multi Tie FrameHello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200. At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
OANDA:XAUUSDShort
by AliSignals
Bravura Solutions | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Bravura Solutions - Double Formation * 1.600 AUD | Trend Line Survey Valid * 0.800 AUD | Trend Line Uptrend Bias | Subdivision 1 - Triple Formation * Retracement 1 | Not Numbered | Consolidation | Subdivision 2 * Median)) | Conditions Entered | Survey Valid At 1.800 AUD * Retracement 2 | Numbered | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:BVSAULong
by TradePolitics
WIF/USDT: DOUBLE TARGET SETUP - 160% POTENTIAL MOONSHOT Technical Analysis: - Current price: 1.917 USDT - Strong support level forming at trendline confluence - Significant volume spike indicating potential reversal Entry Strategy: ✅ Strategic Entry: 1.500 USDT - Key historical support zone - Trendline support confluence - Oversold conditions on multiple timeframes Target Projections: 🎯 Target 1: 2.930 USDT (95% ROI) - Major resistance level - Previous market structure - Key psychological level 🎯 Target 2: 3.918 USDT (161% ROI) - All-time high retest zone - Major fibonacci extension level - Huge potential reward zone Risk Management (CRITICAL): ⚠️ Stop Loss: -5% below entry - Clear invalidation point - Protected by major support - 1:19 and 1:32 Risk-Reward ratios Key Catalysts: - Major trend line support holding since August - Volume profile suggesting accumulation - Multiple timeframe alignment - Clear market structure for upside Trading Plan: 🚨 1. Scale in near 1.500 USDT 2. First take-profit at 2.930 (50% position) 3. Trail stops after first target 4. Hold remainder for moonshot target ⚠️ Important Notes: - High-conviction multi-target setup - Patience required for entry - Volume confirmation essential - Scale-in approach recommended 🔔 Remember: - DYOR (Do Your Own Research) - Never risk more than you can afford - Set proper position sizes - Follow your trading plan #Crypto #WIF #TechnicalAnalysis #SpotTrading #CryptoGems #MoonShot 🚀 Would you like me to break down any specific aspect of this analysis further?
Long
by Supachai-Taechapisit
AXL/USDT: MAJOR ASCENDING CHANNEL - 85% PROFIT POTENTIAL SETUPTechnical Analysis: 🎯 - Trading within a strong ascending channel since August 2024 - Current price: 0.7145 USDT - Price retesting major channel support - prime entry zone Entry Strategy: ✅ Strategic Entry: 0.7007 USDT - Perfect channel support confluence - Higher lows pattern maintained - Volume profile showing accumulation signs Target Projection: 🎯 Primary Target: 1.3114 USDT (87% ROI potential) - Channel resistance alignment - Historical resistance zone - Clear upward trajectory within channel Risk Management (CRITICAL): ⚠️ Stop Loss: -4% below entry - Protected by channel support - Clear invalidation level - Impressive 1:21.75 Risk-Reward ratio Key Technical Factors: - Ascending channel providing clear direction - Multiple touches validating channel strength - Price action showing healthy pullback to support - Volume confirming key reversals at support Trading Plan: 1. Enter at 0.7007 USDT 2. Stop loss at -4% for capital protection 3. Partial profits recommended at channel midpoint 4. Final target at upper channel resistance ⚠️ Important Notes: - Channel trades require patience - Watch for bullish confirmation at entry - Volume confirmation crucial - Always use proper position sizing 🔔 Remember: - DYOR (Do Your Own Research) - Risk management is crucial - Market conditions can change - Follow your trading plan strictly #TechnicalAnalysis #AXL #Crypto #SpotTrading #ChannelTrading #CryptoTrading Would you like me to provide alternative title options or elaborate on any aspect of this analysis? 🚨
Long
by Supachai-Taechapisit
LTC | ALTCOINS | Sinking Ship? Verdict is inLTC has been a topic of many discussions during 2024, with the biggest question being around it's ability to reclaim past highs (and make a new ATH). Similarly to UNI and ADA (to name a few), Litecoin has been unable to break out above it's immediate major resistance zones. This goes to show that there are bag-holders creating major supply zones. This is NOT GOOD for any coin, as it really damages it's potential for organic growth. ________________________ BINANCE:LTCUSDT
Short
by CryptoCheck-
Buy gold, there is still a chance to rebound to 2640Bros, gold has fallen sharply due to the hawkish rate cut, and the lowest has reached around 2584, and then rebounded; just now, gold touched around 2687 during the second decline, and then rebounded to above 2690, showing signs of building a W double bottom in the structure. Although the rebound of gold is relatively weak, the downward space is gradually converging. I was optimistic that gold would continue to fall to around 2670, but at present, since gold has signs of forming a W double bottom structure, after consuming a certain amount of short energy, once the W double bottom structure is successfully built, gold may still rebound to 2640 again. So in trading, I think it is best not to continue to chase short gold in short-term trading. We can go long on gold with the 2590-2580 area as the support area, and the defense position is 2570. So in short-term trading, I am currently more inclined to go long on gold. Bros, are you as optimistic about the gold rebound as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
ANOTHER PERFECT ENTRY. LONG ETHERIUM RIGHT NOWI was watching to see if the price was going to bounce off this line of support. In which it did which was exactly when i entered the trade. I am still watching at the bottom, there is an area of liquidity that I spotted on the 4 hour time frame in which the price may dip down into before it’s retracement to the upside. I entered at the bounce, though, i setup a pretty generous stop loss as seen on the chart. I also set up a trailing stop loss once it passes this area of consolidation, and i put a “take profit” at an old support level (Now possible resistance). Though, I have faith etherium will once again achieve $4000 again. I have yet to been wrong in any of my trades. I currently have a 100% success rate on these big trades, so let’s see how this goes (YOU CAN STILL ENTER AND MAKE MONEY. SO CLOSE THIS IDEA, OPEN YOUR BROKERAGE, AND ENTER A TRADE) And give me a follow if my ideas make sense to you😘
COINBASE:ETHUSDLong
by Ryan_Does_Trading
BONK: MASSIVE 75% BREAKOUT SETUP - DON'T MISS THIS OPPORTUNITY🎯 BONK/USDT Spot Trading Setup - High Probability Play Technical Analysis: - Strong accumulation zone identified at 0.00002697 USDT - Price forming a potential bottom reversal pattern after sustained bearish momentum - Critical resistance levels breached showing strength in buying pressure - 200 volume spike confirms institutional interest at these levels Entry Strategy: ✅ Strategic Entry: 0.00002697 USDT - Optimal entry zone identified at major support confluence - Multiple timeframe alignment suggests strong probability setup - Risk-managed position sizing recommended Target Projection: 🎯 Primary Target: 0.00004722 USDT (75% ROI potential) - Key psychological resistance level - Historical reaction point - Fibonacci extension alignment Risk Management (CRITICAL): ⚠️ Stop Loss: -5% below entry - Tight stop placement below major support - Capital preservation is priority - 1:15 Risk-Reward ratio makes this an extremely attractive setup Key Catalysts: - Market structure showing signs of reversal - Volume profile supporting accumulation thesis - Macro factors aligning for potential upside momentum Additional Notes: - Scale in approach recommended - Position sizing crucial for risk management - Set alerts at key levels: 0.00003075, 0.00003011 for momentum confirmation 🔔 Remember: - DYOR (Do Your Own Research) - Never risk more than you can afford to lose - Market conditions can change rapidly - Use proper position sizing This is a technical analysis-based setup. Feel free to share your thoughts and conduct your own analysis before making any trading decisions. Let's discuss in the comments! #Crypto #TechnicalAnalysis #SpotTrading #BONK #Trading #CryptoTrading
Long
by Supachai-Taechapisit
PEPEUSDT: Technical Insights and Trading Strategy Market Overview - PEPEUSDT is currently in a corrective phase after a sharp decline, with price approaching a key demand zone around 0.00001578 USDT. - The analysis suggests potential accumulation and a bullish recovery if the support holds. --- Technical Analysis 1. Support and Resistance Levels: - Support Zone: - 0.00001578: Key accumulation level identified for potential entries. - Below this level, price may test the next support near 0.00001450. - Resistance Levels: - 0.00001900: Initial resistance for price recovery. - 0.00002514: Target resistance zone aligned with the bullish breakout projection. 2. Fibonacci Retracement: - The price has retraced deeply, approaching the 78.6% Fibonacci retracement level, a common area for reversals in crypto markets. 3. Trendline Analysis: - A potential reversal pattern is visible as price consolidates near the demand zone. - A breakout above 0.00001900 confirms a short-term trend reversal. --- Momentum and Indicators 1. RSI (14): - RSI is approaching oversold conditions, signaling potential bullish divergence. - A rise above 40-50 would confirm increasing bullish momentum. 2. Volume Analysis: - Decreasing sell volume near support suggests diminishing bearish pressure. - A spike in buy volume at this level would reinforce the reversal signal. --- Trading Plan 1. Entry Points: - Accumulate positions near 0.00001578. - Add more positions on breakout confirmation above 0.00001900. 2. Stop-Loss: - Place stop-loss below 0.00001500 to manage downside risk. 3. Profit Targets: - Primary Target: 0.00002514 (aligned with the chart projection). - Stretch Target: 0.00002800, if bullish momentum persists. 4. Risk Management: - Risk no more than 2% of total capital on this trade. --- Scenarios 1. Bullish Scenario: - Price holds the 0.00001578 level and breaks above 0.00001900 with rising volume. - Targets 0.00002514, with possible extension to 0.00002800. 2. Bearish Scenario: - Failure to hold the 0.00001578 support may lead to further downside, targeting 0.00001450 or lower. --- Pro Summary PEPEUSDT is showing signs of accumulation at a critical support level. A breakout above 0.00001900 will confirm a reversal toward 0.00002514 and higher. Traders should exercise caution and set strict stop-loss levels to minimize risks. --- Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies carries significant risk, and you should conduct your own research or consult a financial advisor before making investment decisions.
Long
by Supachai-Taechapisit