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Support and Resistance

$2 in sightI get the feeling when round resistances break down, the upside is more than a few cents. Sometimes people even go 'why the f not $3 or $5 then!?'. A little pullback would be in order after consecutive green days. Bigly hyped coin, trend is absolutely positive. I understand Chinese New Year lasts 9 more days? Does that mean the Chinese have lots of appetite for trying to score a win in the crypto casino? 2 months to BTC halving and even more to a big SUI unlock. If I get the entry wrong, there's time to make up for it. Log scale shows no slowing down.
COINBASE:SUIUSDLong
by LauriElias
3
Zcash near resistance - breakout or down?Hello, fellow traders! This is my analysis on Zcash (ZECUSDT). 1️⃣ Analysis We see the price slightly above the resistance line of the weekly regression channel. With the strong bullish movements of crypto and stock markets fueled by the outcome of the election, it has shown an aggressive uptrend yesterday. 2️⃣ Expectations We might see a consolidation (orange path) very soon and we can imagine two different scenarios after it - even more aggressive uptrend or downtrend. 3️⃣ Key approach Our first strategy would be entering short. If we confirm a lower breakout after the consolidation, we will view that as price respecting the current trend. We will then enter short, 30.84 being our final target. We then might see another consolidation between the regression line (dotted red line) and the support line (green line). 4️⃣ Other approach Our second strategy would be entering long. If we confirm a upper breakout instead, we might consider a possibility of stronger, more aggressive uptrend. However, keep in mind there's a major resistance at 49.44, making this approach more unlikely. 5️⃣ Considerations There are currently no news about Zcash that might affect the price movements. The interest rate announcement this Thursday might affect the crypto market positively. However, with major resistance being right above the resistance line, price is most likely to respect the current trend. If not, I will update the post accordingly. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Ephesians 5:8-10 (You might have noticed that I changed my chart settings - am trying to stay organized and consistent with my posts from now haha)
Short
by QJEEE
4
ETH Price Setup: Why $2,840 Could Spark the Next Big Move BINANCE:ETHUSD has been underperforming compared to BINANCE:BTCUSD and some other major cryptocurrencies, yet recent developments hint at a potential shift. Despite facing a significant resistance cluster, ETH has shown resilience by breaking above a key volume profile Point of Control (POC) level on the higher timeframe, signaling the early stages of a bullish sentiment shift. However, to sustain this momentum, CRYPTOCAP:ETH needs to conquer a critical resistance zone, marked by a 1-week Fair Value Gap (1W FVG) and a 1-day Order Block (1D OB) – a challenging area that will likely test ETH’s ability to break out. Chart Analysis: Key Levels to Watch Major Resistance Zone (1W FVG & 1D OB) The most immediate challenge for ETH is closing above the resistance zone around $2,840. This area is crucial because it combines a 1W FVG and 1D OB, both of which create a barrier that ETH needs to break through for the next leg up. A decisive close above this level on the daily chart would turn the 1D OB into a breaker block, potentially flipping it from resistance to support and laying the foundation for a more sustained bullish displacement. Volume Profile POC Breakout ETH has already broken above the higher timeframe volume profile Point of Control (POC), a positive sign that suggests market interest and liquidity are shifting upwards. This break above the POC adds to the semi-bullish case, as it often signals a potential move towards filling the FVG above. Entry Into the 1W FVG (SIBI) Should ETH successfully close above the $2,840 level, it would enter the 1W FVG, opening up the possibility for a larger upward move. Once in this zone, buyers could gain confidence, triggering additional buy-side liquidity and a rally towards $3,100 - $3,300. Trade Setups Swing Trade Setup Entry: Look for a close above $2,840. Ideally, wait for a retest of this level to confirm it as a breaker block before entering long. Target: Primary Target: $3,100 - within the 1W FVG zone. Secondary Target: $3,300 - higher end of the FVG, where resistance may intensify. Stop Loss: Set below the 1D OB, around $2,750, to protect against a failed breakout and retracement. Rationale: A breakout and successful retest of $2,840 would signal strength, allowing ETH to push into the FVG and potentially rally toward $3,300. If buyers are strong, this could lead to a medium-term bullish trend. Scalping Setup Entry: Enter long on quick pullbacks to $2,750 - $2,770, close to the 1D OB support zone, or during any small dips within this range. Target: First target at $2,840 for a quick profit. Second target around $2,900 - $2,950 if momentum is strong. Stop Loss: $2,730, slightly below the 1D OB level to protect against larger sell-offs. Rationale: For scalpers, buying dips around the 1D OB level provides a quick entry with a high probability of retesting the resistance at $2,840. This setup allows for short-term gains while taking advantage of potential volatility near the key resistance area. Looking forward to hearing your thoughts on this! Trade safe folks, Cheers
Long
by MadeByAK
EURGBP - How will BOE decisions affect the pound?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term descending channel. In case of an upward correction due to the meeting of the Central Bank of England today, we can see the supply zones and sell within those zones with appropriate risk reward. Breaking the specified support range will pave the way for this currency pair to continue its decline Britain’s Treasury Secretary, Reeves, stated that it is still too early to make changes to economic forecasts following the U.S. election. He also expressed confidence that trade flows between the UK and the U.S. will continue under Trump’s presidency, noting that during Trump’s previous term, the two nations had a strong and constructive relationship. Reeves showed optimism about Britain’s role in shaping the global economic agenda. Meanwhile, the risk of a German government collapse appears more serious than ever. The German government has entered a new phase of political crisis that could potentially lead to the final breakdown of the ruling coalition. Last Friday, a document from Germany’s Finance Minister, Christian Lindner, was leaked, outlining his plans for economic reform in Germany. This document analyzes the economic challenges facing the country and offers proposals, such as corporate tax cuts and increased working hours. With internal tensions peaking, the likelihood of government collapse has risen. ECB Vice President De Guindos stated that the European Central Bank is committed to a data-driven, meeting-by-meeting approach and is increasingly confident in achieving the 2% inflation target. Goldman Sachs, in its latest report, has lowered its GDP growth forecast for the Eurozone in 2025 to 0.8%, down from the previous forecast of 1.1%. This revision was attributed to potential threats stemming from Trump’s tariff policies following his reelection.
Short
by Ali_PSND
Best Price Action Pattern For GOLD Trend Following Trading This bullish pattern is very powerful . Being spotted on a daily/4h/1h, any time frame, it will help you to accurately predict a strong bullish movement on Gold . In this article, I will teach you to identify a buying volumes accumulation on Gold chart and as a bonus, I will show you how I predicted a recent bullish rally with this price action pattern. The initial point of this pattern will be a completion point of a strong bullish impulse. At some moment, the price finds a strong horizontal resistance, stops growing and retraces. The second point of the pattern will be a completion of a retracement. It should strictly be a higher low - it should be higher than the low of an initial bullish impulse. After a retracement, the price should return to a horizontal resistance and set an equal high , that will be the third point of the pattern. Then, the price should retrace AT LEAST one more time from a horizontal resistance and set a new higher low. After that, the price should set one more equal high. 3 equal highs and 2 higher lows will compose a bullish accumulation pattern. Please, note, that the price may easily set more equal highs and more consequent new higher lows and keep the pattern valid. Above is the example of a bullish accumulation pattern on Gold on an hourly time frame. The price set 3 equal highs and 3 consequent higher lows. This pattern will signify the weakness of sellers and the accumulation of buying volumes. The point is that each consequent bearish price movement from a resistance is weaker than a previous one. It means that fewer sellers are selling from the resistance and more buyers start buying, not letting sellers go lower. In our example, we can clearly see the consequent weakening, bearish price movements. This pattern indicates a highly probable breakout attempt of the resistance. A candle close above that provides a strong bullish signal. The broken resistance will turn into support and will provide a safe point to buy the market from. In our example, the market broke the underlined horizontal resistance and closed above that. It indicates the completion of a bullish accumulation and a highly probable bullish trend continuation. You can see that Gold retested a broken structure and then a strong bullish wave initiated. In a strong bullish market that we currently contemplation on Gold, this bullish pattern will provide a lot of profitable trading opportunities. No matter whether you are scalping, day trading or swing trading Gold, this bullish accumulation pattern will help you to predict long-term, mid-term and short-term bullish movements. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
BITCOIN - There is no second bestThe absolute most favorable scenario for Bitcoin has just occurred, the US elections have finally brought some clean air to the markets, that being said the fact that the United States has officially become a pro-Bitcoin government could bring years of incredible prosperity for the crypto market. Speaking of technical analysis there is not much to say, Bitcoin closed the month above 69k again and right now it is retesting the old ATH, 150k is in play right now
INDEX:BTCUSDLong
by MC_Capital_
Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD Daily Chart Current Price: 5,812.8 Analysis: Falling Broadening Wedge: Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels. Support Levels: • 5,703.1 • 5,625.0 Resistance Levels: • 5,937.5 • 6,015.6 • 6,097.0 Happy Trading! Stay tuned for further updates and insights.
OANDA:SPX500USDLong
by SpicyPips
SUI - PRICE DISCOVERYLet's go back to talking about SUI, but this time without a doubt, as we have seen, the most favorable scenario for the crypto world is occurring, the US elections have caused Bitcoin to enter price discovery, thus making the bullish trend official. In these cases the wisest thing to do is to find those coins that have been stronger than BTC during the cycle and here the choice is quite easy, SUI has performed better than any other L1 this cycle and continues to do so following the trend of BTC, the chart is very similar, there was a breakout entering price discovery months ago, deviation down and then returning again to ATH invalidating the deviation. That said, I am convinced that it will be the best bet for this cycle, I have personally tried the whole ecosystem and it works even better than Solana (the direct competitor for the title of best smart contract platform). In an ideal scenario, it could close this cycle at $50, let's see...
COINBASE:SUIUSDLong
by MC_Capital_
Dollar index remains under 105.00The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July. From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the support is not enough, the index could continue up to 102.00. Maybe this pullback will be short-lived, and we will see a return to the bullish side again. We will be looking at a jump from 105.00 to a new four-month high.
TVC:DXY
by Aleksin_Aleksandar
TIA is in the accumulation phaseTIA, popularly known as the heart of Ethereum, is showing signs of a "trend reversal". Whales are collecting this coin. To enter the position, we must have a trading setup for TIA and specify the stop loss, which we have done on the chart. We have a liquidity pool in the lower ranges that looks like it will sweep before moving up. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
ETHFI → A door has been opened to the bulls. Resistance retest BINANCE:ETHFIUSDT is forming a bottom. The coin continues to accumulate potential giving signs that the price is preparing to go up. The fundamental background is changing to favorable The U.S. presidential election and Trump's victory have a favorable impact on the cryptocurrency market in the medium and long term. This will be especially visible after the inauguration of the new (old) president :). Fundamentally, the market opened another door.... Technically, there is a clear bottom at 1.092 with no attempts to renew the low, and a basic cascading support is formed, indicating the buyer's strength. The focus is on consolidation of 1.798 - 1.092. The price exit from this channel will be accompanied by a strong distribution (most likely upward) Resistance levels: 1.798, 2.761 3.240 Support levels: 1.302, 1.092 There is a conglomerate of resistances ahead (descending line and channel boundary at 1.798). In the near future the market may continue to test this area with a breakout target. If the bulls can keep the defense above these areas, the rally will not be long in coming. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHFIUSDT.P ;) Regards R. Linda!
by RLinda
2