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Support and Resistance

Costco Wave Analysis – 25 February 2025 - Costco reversed from support level 1025.00 - Likely to rise to resistance level 1080.00 Costco recently reversed up from the support level 1025.00 (which stopped wave iv at the start of February) intersecting with the 20-day, moving average and the 38.2% Fibonacci correction of the upward impulse from January. The upward reversal from the support level 1025.00 stopped the previous minor correction 2, which belongs to wave (5) from December. Given the clear daily uptrend, Costco can be expected to rise to the next resistance level 1080.00 (top of the previous impulse wave 1).
NASDAQ:COSTLong
by FxProGlobal
IBM Wave Analysis – 25 February 2025 - IBM reversed from resistance level 264.40 - Likely to fall to support level 247.25 IBM recently reversed down exactly from the strong resistance level 264.40 (top of the previous impulse wave iii from the start of February). The downward reversal from the resistance level 264.40 started the active short-term correction ii, which belongs to wave 3 from the start of January. Given the strength of the resistance level 264.40 and the overbought daily Stochastic, IBM can be expected to fall to the next support level 247.25 (low of the previous correction iv).
NYSE:IBMShort
by FxProGlobal
$TOSHI bounce incoming!I’m expecting a reaction near the previous breakout zone. At the moment, I’m not comfortable holding positions, especially in altcoins, until I see more confirmation. Only a few altcoins have strong structures, but the majority are just P&D setups. Most meme coins are not worth buying right now, except for some of the newer ones within the $Binance ecosystem. CRYPTOCAP:SOL appears to be forming a new range, so it’s moving slowly there. The only coins I’m currently eyeing are $TOSHI, with potential for a nice bounce soon, and possibly $FARTCOIN and $AI16z for the longer term. Targets & Strategy: My target for COINEX:TOSHIUSDT is a bit ambitious, so I plan to take profits or adjust my position as necessary. It all depends on CRYPTOCAP:BTC , it’s crucial that it holds above 90k for bullish continuation.
Long
by ZelfTrade
Solana Wave Analysis – 25 February 2025 - Solana reversed from support level 134.15 - Likely to rise to the resistance level 155.30 Solana cryptocurrency today reversed sharply from the key support level 134.15 (former Double Bottom from October) standing well below the lower daily Bollinger Band. The price will likely form the daily Japanese candlesticks reversal pattern Hammer today (strong buy signal for Solana) – if the price closes today near the current levels. Solana cryptocurrency can be expected to rise to the next resistance level 155.30 (former strong support from November, acting as the resistance now after it was broken earlier this month).
BITSTAMP:SOLUSDLong
by FxProGlobal
WTI crude oil Wave Analysis – 25 February 2025 - WTI crude oil broke support zone - Likely to fall to support level 67.00 WTI crude oil recently broke the support zone between the round support level 70.00 (which reversed the price multiple times from the start of February), the support trendline from September and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of this support zone accelerated the active short-term correction ii of the intermediate upward impulse sequence (3) from September. WTI crude oil can be expected to fall further to the next support level 67.00 (former monthly low from December).
FX_IDC:USDWTIShort
by FxProGlobal
GOLD (XAU/USD) – Breakdown from Flat Range? Hello traders 💰 Gold Spot (XAU/USD) - 2H Chart Analysis 🔍 Market Insights: 🔹 Uptrend Channel Breakout: Gold was trending in a bullish channel but broke out and transitioned into a flat consolidation. 🔹 Flat Price Action: After multiple rejections at the top, price has failed to continue the bullish momentum. 🔹 Potential Breakdown: The price is now showing bearish momentum and could test the $2,880 support level. 📉 Key Levels to Watch: ✅ Resistance: $2,950 - $2,960 (Flat Range Top) ✅ Support: $2,880 (Key Support) & $2,760 (Major Support) 📊 Possible Scenarios: 📌 Bearish Continuation: If the price fails to reclaim $2,925, we may see a drop to $2,880, and potentially $2,760 if bearish pressure continues. 📌 Reversal Opportunity: A bounce from $2,880 could lead to a retest of the upper range near $2,950. 💬 Will gold break down further or find support for another push higher? Let me know in the comments! 🔥👇 #gold #xauusd #forex #trading #priceaction #technicalanalysis
OANDA:XAUUSDShort
by NexusTradesZone
MORPHO - NEUTRAL WITH POTENTIAL BULLISH REVERSALMORPHO/USDT: Key Levels Analysis & Trading Opportunities Current Analysis: Price is at a critical decision point around $1.94, forming a potential reversal pattern. Key Levels: → Major Resistance: $2.60 → Minor Resistance: $2.30 → Current Support: $1.94 → Major Support: $1.75 Trading Scenarios: BULLISH SCENARIO ▲ • Entry: Break and close above $1.90 • Targets: $2.40-$2.60 • Invalidation: Loss of $1.82 support • Confirmation: Strong volume on breakout BEARISH SCENARIO ▼ • Targets: $1.75-$1.37 • Invalidation: Price above $2.60 • Confirmation: Volume increase on breakdown Risk Management: Always use proper position sizing and stop-loss orders. This is not financial advice. Remember to do your own research and trade responsibly! 🎯
Long
by ONE1iMPACT
MSFT ChannelBetween January 2023 and July 2024 NASDAQ:MSFT had a nearly 100% expansion showing aggressive growth. For the last 8 months however, MSFT has been trading sideways in a channel between ~$455 and ~$400. During the last earnings report future growth guidance came in under expectations. Technically, there was large gap down following earnings and a retraction to the 21 EMA offering a short entry window. I took a short position here with a stop loss placed above the 21 EMA, I will be adding to this position when price breaks the support of $400 and again if it continues to fall and retracts to the $400 level. First target is the previous $373 support level, second target is the $330 support level.
NASDAQ:MSFTShort
by Notbadchad
Any rebound is an opportunity to short goldAs I mentioned in my previous article, after a period of sideways consolidation, gold chose to break downward—signaling greater downside potential. We perfectly captured the shorting opportunity around the 2935-2945 resistance zone. Gold not only successfully hit the 2910-2900 target area but even exceeded my expectations, with the price bottoming out around the 2888 region. This was an excellent short trade, and I personally gained over $10K in profits from this position. Currently, gold is hovering around the 2890-2888 region, and while the downtrend has momentarily slowed, the bulls have yet to mount any effective counterattack. This indicates weakening bullish sentiment, and with earlier profits being cashed out alongside follow-up and panic-driven selling, the bearish trend is likely far from over. Breaking below the 2890 support further opens the door for continued downward movement, increasing gold’s potential for deeper declines. For short-term trades, any rebound in gold’s price could present fresh opportunities for short positions. We should closely monitor the 2910-2920 area for potential entries to short gold once again.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
Important Bitcoin levels. The game of expectations.Today, it is important for Bitcoin to close below 88,000. There is a high probability that today the price will drop to the 0.5 Fibonacci level, thereby partially closing the gap on the daily chart, and the RSI will consolidate below 30 even with a closing price below 88,000. All these factors combined will be sufficient to trigger strong accumulation with a breakdown of the structure, leading to a new all-time high within the next 2-3 weeks. However, the market doesn’t always play out perfectly. There remains a possibility of a prolonged scenario. In this case, from the current price block (88k - 86k), the price may form a local bounce with a full ABC cycle in the coming days and test the key resistance level (106,200). After that, the price will likely return to the 0.5 Fibonacci level and possibly retest this important level. A similar scenario occurred last year during a similar phase of prolonged correction, where the price eventually reached the 0.5 Fibonacci level, though not immediately.
Long
by GarateTradeCrypto
Bitcoin broke down- Is 75k next target?Over the past three weeks, Bitcoin has remained virtually unchanged, trading within a range of 95K–97K. However, yesterday, the price broke below this range, dropping to the 91K confluence support—a key level I’ve highlighted in previous analyses. After briefly spiking as low as 87K, BTC has rebounded to around 90K, but if we analyze the price action objectively, there are no clear bullish signals. From a technical perspective, the three-month trading range has broken to the downside, suggesting a continuation of the downward trend. I anticipate further losses for BTC, and a drop to 75K in the coming months wouldn’t be surprising. 📉
BITSTAMP:BTCUSDShort
by Mihai_Iacob
2
LONGS ON THE EUR/NZDEUR/NZD 4H - I am wanting to see price pullback trading down and into the Demand Zone below giving us an area to enter in from. This will allow us to get in with a refined entry. By price trading down and into this zone we are able to get in at a cheaper price meaning we can profit more from long positions, I will be looking to set my TP just below the last higher timeframe high. The Demand Zone I have gone and marked out is an order block, once price trades down and into this order block we can expect Supply to be removed, from those who shorted the market. We can also expect Demand to be introduced as price reached a cheaper area in the markets and an area of significance. This as a result will give us the S&D flip we want.
Long
by Lukegforex
GBP/USD LONG POSITIONSGBP/USD 4H - This is an update from our Sunday Sessions analysis, as you can see price has played out perfectly, trading down and into the Demand Zone we had marked out. After trading down and into this area we have seen price go on to set new highs which is great as price continues to put in bullish structure. We should be actively looking to go long in this market until price breaks a protected low set within the 4h timeframes, once we have relevance to go short we will do but until then look to go long. If you look closely price has recently come to clear the inefficient structure that was created from this large green candle. Now would be the perfect time to look for areas to go long from.
Long
by Lukegforex
PREPARING FOR THE NEXT SHORT OPPORTUNITYUSD/CHF 4H - I am currently waiting for price to pullback up and into the Supply Zone I have marked out as this would act as a great area to get involved in shorts from. This market is quite clearly bearish at the moment and until we have a break in one of the last protected highs we should be looking to short this market, trading with the prevailing trend. I have gone ahead and marked out an area of Demand I feel price may reverse from, with this market being bullish on the higher timeframes price is currently within a corrective phase. Once price trades down and into the Demand Zone below I feel this will be the area to look to go long from longer term as this should be the area that price sets a higher timeframe higher low.
Long
by Lukegforex