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Support and Resistance

Intraday Levels for Nasdaq 100 Futures - 01/16/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Is FLOKIUSDT About to Explode or Collapse?Yello, Paradisers! Are we on the verge of a breakout for FLOKIUSDT, or is a deeper retracement looming? Let’s break it down with clear action steps to keep you on the right side of the trade. 💎FLOKIUSDT has recently shown a bullish I-CHoCH (Internal Change of Character) and is currently undergoing a healthy retracement. This retracement is a critical moment that could lead to significant price movement depending on what happens next. 💎If FLOKIUSDT bounces from the current price and successfully breaks the resistance trendline, it will significantly increase the probability of a bullish continuation. This would signal the market’s intent to push higher, making it a potential opportunity for well-planned entries. 💎Should the price dip lower to grab inducement before bouncing, keep an eye on the strong support zone. A bounce from this level paired with a bullish I-CHoCH on lower timeframes will increase the odds in your favor, making it a better entry for those looking to go long. 💎If the price breaks and closes a candle below the strong support zone, it will invalidate the bullish setup entirely. In that case, the best strategy would be to wait patiently for clearer price action to form before making any moves. As always, it’s essential to stay disciplined and follow a high-probability strategy. Trading without confirmation can expose you to unnecessary risks, so be sure to wait for the market to show its hand before committing to a trade. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
BCHUSD at Key Support – Potential Buy SetupCOINBASE:BCHUSD is trading within a significant demand zone where buyers have previously stepped in, causing strong reversals. The recent pullback into this area indicates the potential for a bullish reaction. If the price shows bullish confirmation—such as engulfing candles or wicks rejecting lower prices—a move toward the 460.00 level is expected. This zone could act as a base for buyers to regain control. However, if the price breaks below this support zone, the bullish outlook will be invalidated, and further downside could follow.
COINBASE:BCHUSDLong
by DanieIM
DeGRAM | DXY seeks to close the gapDXY is in a descending channel between trend lines. After the gap formation, the price has reached the lower boundary of the channel, the support level and the lower trend line, which previously acted as a rebound point. The chart approached the 38.2% retracement level and is now holding above the resistance level. We expect the rebound to continue if successfully consolidated above the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
Detailed Analysis of the Chart: Gold (XAU/USD) This chart represents the 4-hour price action of Gold (XAU/USD) against the U.S. Dollar. Here are the details observed from the chart: Key Observations: Price Range: Current Price: $2,719.418 Recent High: $2,724.080 Recent Low: $2,718.715 Green Zone (Supply Zone): The chart indicates a supply zone (marked in green) where selling pressure is anticipated. This zone appears to be between $2,730 and $2,740. Sellers are likely to dominate when the price enters this zone, leading to a potential reversal. Red Box (Stop-Loss Region): This zone represents the stop-loss for short positions, just above the supply zone. Positioned around $2,738.927, indicating cautious risk management for short trades. Downside Target (Take-Profit Area): The chart suggests a bearish bias, with a potential downside target near $2,695.956. This is the take-profit level for sellers, anticipating a downward movement after the price fails to break through the supply zone. Bearish Rejection: The price recently attempted to break into the supply zone but faced rejection. This reinforces the likelihood of a short-term downward move. Technical Indicators: The chart does not display indicators like RSI or MACD, but the pattern indicates a potential bearish momentum based on price action alone. Prediction: If the price continues to respect the supply zone at $2,730–$2,740: Expect a pullback towards $2,695, which aligns with the bearish setup shown. If the price breaks above $2,738, this could invalidate the bearish scenario, leading to a potential bullish breakout. Recommendation: Watch for a price retest of the $2,730–$2,740 zone for confirmation of selling pressure. A break above $2,738 would signal a trend reversal.
TVC:GOLDShort
by binsalmanfx
INDUSTOWER Overall Trend: Upward Trend: The green lines suggest an overall upward trend in the stock's price. This means the price has been generally increasing over the period shown. Price Movement: Volatility: The price has experienced significant fluctuations, with periods of sharp rises and falls. This is indicated by the vertical lines, which represent the price at different points in time. Support and Resistance: The green and red lines might represent support and resistance levels. Support levels are price points where the price tends to find support and stop falling. Resistance levels are price points where the price tends to encounter resistance and stop rising. Technical Analysis: This chart is likely used for technical analysis, which involves studying past price and volume data to predict future price movements. Technical analysts use various tools and indicators (like the lines and boxes in this chart) to identify patterns and make trading decisions. Disclaimer: This is a basic interpretation of the chart. Technical analysis is complex, and interpreting charts requires expertise and experience.
NSE:INDUSTOWERLong
by iVishalPal
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A nice start to the week with price attacking the red box, giving the RIP and long trade back into the red box which is where we started to see a whole day of ranging. We're at a crucial price point now with MA's drawing together and accumulation in progress so please play caution here. We would ideally like to see another swoop of the low before an attempt higher, however, if they break above overnight we're likely to go up without another pullback. The difficulty here is this small range so unless you're already long from below, it's probably not a great idea to start trading within the accumulation and range. Let's wait for the breakout, which looks to be imminent. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
XAUUSD TOD POSSIBLE MOVEMENT MUST READ CAPTIONGold prices have surged to a 10-week high, reaching $2,727.19 per ounce, as the U.S. dollar weakened following President Donald Trump's inauguration and indications of a gradual approach to implementing tariffs. Technical analysis suggests that while the overall trend remains bullish, a short-term bearish correction could occur, potentially testing the support level near $2,695 per ounce. However, the broader outlook remains positive, with analysts anticipating that gold prices may reach $3,000 per ounce in 2025, driven by factors such as geopolitical tensions and central bank buying.
OANDA:XAUUSDShort
by TradeAdvisory
DeGRAM | EURUSD has consolidated above dynamic supportEURUSD is in a descending channel between trend lines. The price is moving from the support level and the lower boundary of the channel. The chart has already consolidated above the dynamic support, which previously acted as a rebound point. We expect a rise in the channel with a successful consolidation above the resistance level, which coincides with the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
2
Made in England.. FTSE 100 Triangle BreakoutFinally the long term triangle pattern in blue chip UK stocks has broken - and the weekly chart for the FTSE 100 index is looking very positive. The breakout weekly candle is a long one with a close right near the highs - showing bulls are well in control of the market. We can see the triangle break in more granular detail on the daily chart with the break confirmed on Thursday and a strong follow-through move on Friday. Support is found first at the former all time high (8450-8475) then back at the broken trendline from the triangle pattern. These support levels define our risk - the price back inside the triangle will inform us the breakout has failed - this time at least. But if things move as we expect, using the height of the triangle pattern as a price objective from the breakout point, the UK 100 could reach 9,000. But - as always - that’s just how the team and I are seeing things, what do you think? Share your ideas with us - OR - send us a request! Comments welcome :) cheers! Jasper The material provided in this article is for information purposes only and should not be understood as trading or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Trading Writers and has not been prepared in accordance with the legal requirements designed to promote investment research independence. If you rely on the information on this page, then you do so entirely at your own risk.
TVC:UKXLong
by jasperlawler
CHoCH (Change of Character) in Crypto TradingWhat is CHoCH? CHoCH (Change of Character) is a concept from Smart Money Concept (SMC) used in technical analysis. It signals a shift in market behavior and often marks the beginning of a new trend phase, whether a trend reversal or consolidation. Unlike Break of Structure (BoS), which confirms trend continuation, CHoCH indicates a potential change in direction. --- How to Identify CHoCH? 1. In an Uptrend: Price forms Higher Highs (HH) and Higher Lows (HL). If the price breaks the last HL but fails to create a new HH, this is CHoCH, signaling a potential bearish reversal. 2. In a Downtrend: Price forms Lower Lows (LL) and Lower Highs (LH). If the price breaks the last LH but does not form a new LL, this is CHoCH, suggesting a bullish reversal. --- How to Trade CHoCH? CHoCH is a powerful tool for spotting trend weakness and entering trades early. 1. Spotting Trend Weakness: In an uptrend, if the price fails to make a new HH and breaks the last HL, a trend shift might be occurring. In a downtrend, if the price fails to form a new LL and breaks the last LH, expect bullish momentum. 2. Entry Strategies After CHoCH: Wait for confirmation with a retest of the key level. Use volume indicators to check if the breakout is significant. Enter the trade after the retest of the broken support/resistance level. 3. Combining CHoCH with Other Tools: CHoCH works well with Order Blocks, Liquidity Zones, and Fair Value Gaps (FVG). Volume analysis helps confirm institutional activity in the trend change. --- CHoCH Trading Example Imagine an uptrend where price forms Higher Highs (HH) and Higher Lows (HL). Suddenly, the price fails to create a new HH and breaks the last HL. This is CHoCH, suggesting a potential shift from bullish to bearish. 💡 Traders can use this signal to exit long positions and prepare for short setups.
BINANCE:1000SHIBUSDT.PEducation
by Max_Pr0fit
PEOPLE Reversal Setup at Channel Bottom | 100% Potential Return BINANCE:PEOPLE/TETHERUSHTTPS - 4H TIMEFRAME 🎯 SETUP STRUCTURE: ━━━━━━━━━━━━━━━━ ✦ ENTRY: $0.03578 ✦ TARGET: $0.07380 ✦ STOP LOSS: -3% Below Entry ✦ RISK:REWARD: 35:1 ✦ TIMEFRAME: 4H ✦ POSITION TYPE: SWING TRADE TECHNICAL CONFLUENCE: ━━━━━━━━━━━━━━━━ 1. PRICE ACTION: • Descending Channel Bottom Test • Multiple Timeframe Support Zone • Previous Strong Demand Area 2. MARKET STRUCTURE: • 6-Month Downtrend Exhaustion • Potential Double Bottom Formation • Clear Volume Profile Support 3. KEY CATALYSTS: • Oversold RSI Divergence • High-Volume Accumulation Zone • Strong Historical Support Level TRADE MANAGEMENT: ━━━━━━━━━━━━━━━━ ENTRY STRATEGY: • Scale in between $0.03578-$0.03600 • Initial position: 40% of total size • Add on first confirmation: +30% • Final add on trend confirmation: +30% TAKE-PROFIT STRATEGY: TP1: $0.05000 (25% of position) TP2: $0.06200 (50% of position) TP3: $0.07380 (25% of position) INVALIDATION: • Break below support with volume • Loss of 4H market structure • Failure to hold entry zone after 4H RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ Trading involves substantial risk of loss. This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research and trade responsibly. #USDT #TechnicalAnalysis #Trading #CryptoTrading #SwingTrading Tags: @TradingView
Long
by Supachai-Taechapisit
GOLD> Price will Reject what's Next move?Hi Traders what do you Think about GOLD given suggestion in comments. Today market analysis suggestion a bullish direction of gold will recently rejected from 2689 after market will back to the resistance zone and cross the level 2700 if we think Price will pull back to the Top as also Price shows in the chart then next possible Targets will be, 2722 and if the price will break 2730 Level then next target 2735 Keep eye on Target how the price will react. if you like this analysis please support my work like and fallow thanks for Love.
FXOPEN:XAUUSDLong
by FxJennefir
EURCAD at Major Resistance – Short Opportunity Ahead?OANDA:EURCAD is currently testing a significant resistance zone. This area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control. A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 1.49017 level. Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
Short
by TrendDiva
1
XRP/USDT: Critical Decision Point - Range or Drop?Here's a concise analysis of the XRP/USDT 12H chart: Technical Setup: - Price in descending parallel channel (blue lines) - Currently at: 3.1666 USDT (-3.82%) - High volume (263.81M) - Notable Fibonacci levels marked: 0.5 and 0.66 Price Action Forecast (marked in yellow): - Potential sideways consolidation with volatile swings - Range between 2.8-3.2 USDT - Risk of -18.76% downside noted (-0.5948) Key Levels: - Resistance: 3.4 (0 Fib level) - Support: 2.8 (0.5 Fib level) - Critical Support: 2.6 (0.66 Fib level) Trading Note: Caution advised - chart shows possible distribution pattern with high volume. Wait for clear direction before taking position.
Short
by Supachai-Taechapisit