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Support and Resistance

Technical Analysis of Vanry Based on Historical Support LevelsIn the 2-day (2D) time frame, BINANCE:VANRYUSDT Vanry ( BINANCE:VANRYUSDT VANRY/USDT) has been displaying a clear support level around the $0.0522–$0.0659 zone, marked by the blue line and highlighted as a key historical support area. This region has been tested multiple times in recent months, suggesting that buyers are stepping in to defend this level whenever the price dips near it. Here’s a breakdown of key insights from this chart: Historical Support Area: The price has approached the historical support range of $0.0522–$0.0659 several times. This area has acted as a solid foundation, preventing further decline on multiple occasions. The continued testing of this support suggests its significance, as failure to break below may initiate a reversal. Potential Rebound Opportunity: Given the significant volume accumulation near this support, it may serve as a strong base for a potential price rebound. Traders often look for such areas as entry points, anticipating a bounce if the level holds. Upside Resistance Levels: If the price starts to rally from the support zone, the following resistance levels can act as short-term targets: First Resistance at $0.1350 Second Resistance at $0.2390 Third Resistance at $0.3155 These red lines represent possible hurdles where selling pressure might emerge, given their role as previous high points. Volume Confirmation: The chart shows moderate volume around the support area, indicating that market participants are paying attention to this level. A spike in volume during a breakout above the current level would add strength to a bullish scenario. Downside Risk: A sustained break below the historical support area would indicate a bearish shift, with the potential for further declines. In this case, traders should monitor volume closely and consider stop-loss levels to manage risk effectively. Conclusion: BINANCE:VANRYUSDT Vanry is currently trading near a significant historical support zone, which could provide a potential entry for bullish traders. However, the price needs to stay above this area to maintain positive momentum. A breakout above this support zone could push the price towards the outlined resistance levels, while a breakdown may signal a bearish continuation.
Long
by tsavvyegy
1
USOIL - Key Levels for Bullish Stabilization or Bearish ReversalTechnical Outlook The price may stabilize within the bullish zone upon a 4-hour candle close above the pivot line at 68.53, targeting 70.49 initially, followed by 71.78. Bullish Scenario: While trading above 68.53, the price is likely to move toward 70.49 as the first bullish target, with 71.78 as the next level. Bearish Scenario: A reversal and stabilization below 68.53 would open a move toward 67.03, with further downside potential to 65.85. Key Levels: Pivot Point: 68.53 Support Levels: 70.50, 71.78, 72.75 Resistance Levels: 67.03, 68.85, 63.51 Trend Outlook: Bullish while the price remains above 68.53 PREVIOUS IDEA:
TVC:USOILLong
by SroshMayi
EURGBP to attract buyers at market price?EURGBP - 24h expiry Yesterday's Marabuzo is located at 0.8412. The primary trend remains bearish. Preferred trade is to sell into rallies. Trading has been mixed and volatile. We look for a temporary move higher. We look to Sell at 0.8412 (stop at 0.8434) Our profit targets will be 0.8357 and 0.8347 Resistance: 0.8397 / 0.8420 / 0.8448 Support: 0.8369 / 0.8353 / 0.8340 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.
Short
by OANDA
GOLD /Bearish Momentum StrengthensTechnical Analysis The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758. Today, it's possible to see a retest around 2749, followed by a potential bearish trend toward 2712. Bearish Scenario: The price appears set to retest 2749 before resuming a bearish trend toward 2721 and 2,712. Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788. Key Levels: Pivot Point: 2745 Resistance Levels: 2758, 2764, 2775 Support Levels: 2731, 2712, 2695 Trend Outlook: Above 2758: Uptrend Under 2758: Downtrend previous idea:
OANDA:XAUUSDShort
by SroshMayi
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
AMEX:SPYLong
by hermes_trisme
US30 / Consolidation Zone with a Bearish BiasUS30 Technical Analysis The price has a consolidate between 42130 and 41970 Bearish Scenario: Breaking 41970 by closing 1h or 4h candle under it, will be a bearish trend to get 41740 and then 41560 Bullish scenario: any breaking above 42130 will support the bullish trend to get 42290 and 42450 Key Levels: Pivot Point: 42130 Resistance Levels: 42290, 42450, 42590 Support Levels: 41970, 41750, 41560 Trend Outlook: - Bearish by stability below 41970 - Bullish by stability above 42130 - Consolidation 41970 and 42130
OANDA:US30USDShort
by SroshMayi
USNAS100 / Bearish Pressure with Potential Retest OpportunitiesTechnically: The price has dropped precisely as anticipated. It is now expected to reach 20008, with a stabilization below the 20008 level likely extending the decline toward 19740. Bearish Scenario: While trading below 20130, the price may attempt to reach 20008 and 19860. A break below 19740 would pave the way for further declines toward 19520. Bullish Scenario: Stabilization above 20130 would open the path to 20240. Further strength above this level could create a bullish zone targeting 20420. Key Levels: Pivot Point: 20130 Resistance Levels: 20240, 20330, 20420 Support Levels: 19990, 19860, 19740 Trend outlook: - Bullish above 20130 - Bearish below 20020 previous idea:
OANDA:NAS100USDShort
by SroshMayi
Origin Protocol (OGN) to $3On the above 3-day chart price action has corrected 98% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. (Orange circles). Look left. Price action confirms support on past resistance, which is also legacy support. 4) Strong positive divergence between price action and the oscillators. 5) The falling wedge is a reliable chart pattern for forecasting future targets. A measured move from the lowest to the highest touch points (blue circles) inside the wedge is taken to forecast future price action. From the breakout point the target is $3. 6) Has a USD-BTC score of 35-21. Some of you know what this means, some of you don’t! Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe for long: Yesterday Return: 20-30x depending on entry
Long
by without_worries
83
S&P500 / Bearish Pressure Builds: Key Support Levels in FocusTechnical Analysis The price will likely attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643. Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone. Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850. Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675. Key Levels: Pivot Point: 5748 Resistance Levels: 5781, 5803, 5824 Support Levels: 5709, 5675, 5643
OANDA:SPX500USDShort
by SroshMayi
INDIGOPNTS NSE RBC BO SWINGINDIGOPNTS STOCK Analysis TRADE PLAN ENTRY -1525 50% Qty, Add 50% qty 1605 DTF Close SL -1450 TARGET --01-1688 , TGT02--1726 Hold For a 3M or TGT 2 Chart Pattern : STOCK is near to forming a 1Y2M RBC INDICATORS EMA : The Price is Currently Trading above 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in alignment where today an 4.8%+ price rise with Volumes indicating start of a bullish Trend on DTF/WTF. FIBO/E : Currently the price is below 23.6% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 1525. Volumes: The volumes currently are not very exciting though above the 20VMA on lower Time Frame Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry) and re enter when trend reverses... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:INDIGOPNTSLong
by billpramod
2
EURUSD Down Trend ContinuationEURUSD has opened with an upward gap and is moving toward a significant resistance zone within a larger bearish trend. If the market meets resistance here and rejects both the resistance zone and the upper border of the descending channel, it may indicate an impending bearish reversal. Historically, this level has acted as a strong resistance, with price bouncing off it multiple times, which reinforces the likelihood of another rejection. There is potential for a push above last week’s high as an initial move to gather liquidity, followed by a bearish reversal aiming to fill the recent gap. If this scenario unfolds, the target would be the support zone around 1.08510, aligning with the gap-filling objective and providing a solid level for further downside momentum
Short
by RTED_Investing
BTCUSDT Up trend continuationBTCUSDT has shown signs of potential consolidation after a strong retest of the all-time high (ATH), evidenced by a long-tailed bar on the weekly timeframe, which suggests buyer hesitation at elevated levels. Although BTC has broken above key highs from September, August, and July on the monthly chart—generally a bullish indicator—a deeper pullback to the 66,000 support level (September high) could occur. This retest would serve to validate 66,000 as a solid support and provide a potential entry for buyers, likely reinforcing bullish sentiment for a continued upward move. Should BTC find support here, the next target would be the resistance zone around 72,700
Long
by RTED_Investing