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Support and Resistance

Be patient with XLMUSD, it's time will comeHello everyone, today I choose to talk about XLM. Many consider it a dead coin, since it did not make a new ATH in 2021. But I prefer trading with verified coins that have been around for long enough to establish patterns in their charts. And I trade based on these patterns. This is a weekly chart of XLMUSD. It is one of the sleepiest coins. But when it wakes up, it is a rocket. How to read my chart: - When XLM is in bull market, it respects 21 weekly EMA -> price action above it. (arrow up) - When XLM is in bear market, it respects 21 weekly EMA -> price action below it. - In accumulation, price action plays with 21 weekly EMA, goes above it then below, then again above it, and below... (rectangle) Sure, this does not help, right. How could you know if we are still playing with 21 weekly EMA or is this cross above start of parabolic rise. Well, the answer lies in RSI. XLM goes parabolic once weekly RSI crosses above 70 (circle). We are not there yet so I do not expect fireworks tomorrow. Remember, XLM is one of the last ALTs in the bull run to wake up, that is why its bull runs are so violent. Because once it wakes up it makes up for all the sleeping in matter of few weeks. More info on XLM: - XLM created its base (red line). It has respected it since 2018. It has touched it in 2023 and 2024. - People think XLM slept through 2023 bull run and hence is dead. But the fact is that the 2023 bull run is still not over and XLM will mark the end of it with its parabolic run. I have started to slopwly accumulate XLM with the money gained from BTC and other ALTs that have already surged. XLM potential is from 5x to 15x. You choose and determine where you want to take profit. BUT MAKE SURE TO TAKE THE PROFIT! And remember: If you buy low, you do not need coin to break ATH to make substantial amount of money. Buying price is much more important then selling price. Good luck. P.S. Check my other posts. If you find value in my ideas, boost and share them. If you want to stay notified, follow me.
COINBASE:XLMUSDLong
by carefulCheese32259
4
DAX to find buyers at current market price?GER40 - 24h expiry Offers ample risk/reward to buy at the market. Posted a Double Bottom formation. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. The sequence for trading is higher highs and lows. The trend of higher lows is located at 19280. We look to Buy at 19230 (stop at 19110) Our profit targets will be 19530 and 19610 Resistance: 19350 / 19420 / 19567 Support: 19200 / 19100 / 19003 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.
OANDA:DE30EURLong
by OANDA
85,354 and 35 cents: BTC next major landmark and a cycle top? Shown here is a single fib series in three different time frames. The Genesis Sequence has caught every major turn since 2015. The Golden fibs are especially powerful, being 1.618 exponents. Charts and prices are from Coinbase, others may vary a bit. $ 85,354.35 is the exact level of Golden Genesis fib. $ 72,937.41 is the current barrier to break and retest. $ 77,672.47 will be a checkpoint/fuel stop on the way. . Previous major turns caught by the Genesis Sequence: March 2024 top: 2021 top: 2020 Covid Bottom: 2018 Bottom: ==================================================================
COINBASE:BTCUSD
by EuroMotif
3
UPDATE ON NZD/USD ANALYSISNZD/USD 30M - As you can see price has recently traded us down and into the Demand Zone I gave out to you all on this weeks Sunday Sessions video. I am now wanting to see Demand being introduced. As a result of this we can expect price to increase, continuing to trade price higher, this allowing us to look to buy into this market. Before we buy in though its important we wait for confirmation to enter, this will come from a BOS to the upside. A BOS will tell us that enough Demand has been introduced to flip the current S&D balance. With more Demand being introduced we will begin to see price follow the laws of bullishness rather than bearishness, hence the break in the last structural high. This is when we can then begin to look to buy into this market, price is already showing good signs with it consolidating within this area, this could be an accumulation.
Long
by Lukegforex
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD Multi-Timeframe Analysis Current Price: 71,149.92 Bullish Indicators • Cup and Handle Pattern • Descending Broadening Wedge Key Levels • Strong Pivot Level: 62,500 • Ultimate Resistance: 75,000.00 • Primary Price Target: 90,000.00 Cup and Handle Pattern (Weekly Chart) On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend. Descending Broadening Wedge (Daily Chart) Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle. Monitor Key Support and Resistance Levels: The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case. Resistance Checkpoints: Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00. Happy Trading! For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
CRYPTO:BTCUSDLong
by SpicyPips
DXY makes it to the most important resistance zone.H4 12.11.2024💸 Dollar Index DXY makes it to the most important resistance zone 📉 The dollar index still managed to break through to the most important resistance zone 105.80-106.35 from which I expect a medium-term reversal. Honestly, I didn't think it would be pushed to it, but as it is. Other currencies against the dollar have almost reached their reversal zones, lacking the final rebound. As for me, the level of 106 on the index and the area near it is strong. The situation is a copy of 2016, when the index was also pushed hard, and then a long-term reversal was made to weaken it. TVC:DXY
TVC:DXYShort
by KovachTrader
UiPath: Gap Fill to the Upside?UiPath fell sharply in the spring after its CEO stepped down, but now some traders may look for a rebound. The first pattern on today’s chart is the bearish gap on May 30. The AI and automation stock ended yesterday inside that zone. Could prices fill the gap to the upside? Second, PATH is above its 50- and 100-day simple moving averages. That may suggest its longer-term trend is trying to reverse upward. Third, this year’s low of $10.37 near the trough in 2022 may confirm that support is in place. Next, prices have cleared a falling trendline along the peaks of September and October. The lower study with our 2 MA Ratio also shows the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. Those points may suggest that its short-term trend has gotten more bullish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:PATH
by TradeStation
BTC/USD: Low Volume Hints at Bearish ReversalTechnical Overview: 1. Primary Ascending Channel: BTC/USD is trading within a long-term ascending channel, indicating an overall bullish trend that has persisted over multiple years. This channel’s upper boundary has now become a critical resistance zone around the $92,805 level. 2. Historical ATH Levels: BTC reached all-time highs (ATH) in April 2021 and November 2021 within a bullish channel. The price then experienced a bearish breakout from this channel. The most recent ATH in November 2024 is near $92,805, aligning with the upper resistance zone of the primary ascending channel. This level serves as a significant barrier to further bullish momentum unless a breakout occurs. 3. Volume Trend: The chart highlights a diminishing volume trend since previous highs in 2018 and 2021. This lower volume indicates weaker buying interest, which often precedes a potential reversal or significant correction. A notable observation is that low volume, as seen here, could signal an impending strong bearish move due to insufficient support to sustain higher prices. 4. Key Observations: - Bullish Scenario: To confirm the bullish trend, BTC/USD needs to break above $93,000. A sustained breakout beyond this level could signal a continuation of the uptrend. - Bearish Scenario: Failing to break above $93,000 could lead to a pullback towards the pivot area near $71,000 and $49700. The low volume trend suggests a strong bearish move may be imminent if BTC/USD cannot sustain its current position near the resistance zone. 5. Trend Outlook: Consolidation: BTC/USD may consolidate within the resistance and first support line zone, allowing the market to gather momentum for a potential breakout. Bearish Bias: Given the low volume and historical pattern of corrections following ATHs, a bearish move toward $71,000 and $49700 is plausible if resistance at $93,000 holds. Conclusion: BTC/USD is at a critical junction. The resistance level at $93,000 is key to continuing the bullish trend within the primary ascending channel. However, the diminishing volume suggests caution, as failure to break this resistance may lead to a bearish correction toward $71,000. Traders should monitor these levels closely for breakout confirmation or signs of reversal.
BITSTAMP:BTCUSDShort
by SroshMayi
Bitcoin/USDT Analysis – Post-US Election Rally📈 Overview: Bitcoin is experiencing a strong bullish rally, currently trading around $88,739. Following the recent US election, market sentiment has shifted significantly, with Trump’s projected win sparking optimism in the financial markets. Historically, political events like elections often influence crypto movements, and this time is no different. 📰 Election Impact on Crypto: Trump’s win is perceived as favorable for risk-on assets like Bitcoin, as his policies could potentially promote economic stimulus and deregulation. Institutional interest in crypto continues to grow amid global economic uncertainties, driving BTC’s price higher. 🔴 Resistance Levels: Key resistance zones to watch: R1: $92,055 R2: $95,449 R3: $101,443 These levels may serve as profit-taking points or areas where BTC could face temporary rejection before resuming its rally. 🟢 Fair Value Gaps (FVG): Identified gaps that could act as support during pullbacks: Upper FVG: $84,000 – $86,000 Lower FVG: $72,000 – $74,000 FVGs often serve as areas where institutional players step in, making them ideal zones to watch for possible retracements and reaccumulation. Crypto Market Insights: Bitcoin Dominance is rising as altcoins consolidate, signaling a shift in capital towards BTC. Macro View: With increasing inflation concerns and geopolitical tensions, Bitcoin is emerging as a hedge against fiat currency devaluation. Institutional Activity: Grayscale and other institutional investors are continuing their BTC accumulation, reinforcing long-term bullish sentiment. Trade Plan: Bullish Scenario: A break above R1 could see BTC targeting R2 and potentially R3. Pullback Opportunity: If BTC retraces, the FVG zones ($84K and $72K) could provide excellent entry points. Risk Management: Use Stop Losses below FVG zones or key supports to mitigate downside risk. Crypto markets are highly volatile. Always trade with caution and use proper risk management.
by JackofallTradz