Get started

Support and Resistance

Alikze »» DOT| Bullish Wave 3 or C Scenario🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1D 📣 BINANCE:DOTUSDT encountered demand on the weekly time frame after a zigzag correction to the $3.70 range, which succeeded in breaking the supply zone. 🟢 In the analyses presented on the 4-hour and 8-hour time frames, Polkadot managed to break out of the congestion after successfully breaking it, which broke the supply zone due to buyer pressure. 🟢 Currently, given the momentum, Polkadot can continue its upward trend to the next supply zone after a pullback to the green box area. 💎In addition, this motivational wave can also touch its historical major ceiling if the second supply zone is broken. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
2
XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell. Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change. Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615. My strategy remains unchanged: I continue to look for selling opportunities on rallies.
OANDA:XAUUSDShort
by Mihai_Iacob
1