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Support and Resistance

S&P500 -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 5677.80 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: There is a divergence in RSI and price between the peak at 6107.47 on 2024-12-06 and the peak at 6150.07 on 2025-02-19, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 6150.05 on 02/19/2025, so more losses to support(s) 6031.27, 5875.31, 5777.28 and minimum to Major Support (5677.80) is expected. Relative strength index (RSI) is 49. Supports and Resistances: 5568.78 5398.95 5194.10 5039.36 4944.41 4843.23 4662.99 4544.26 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
VANTAGE:SP500Short
by ForecastCity
17
EURJPY Wave Analysis – 24 February 2025 - EURJPY reversed from support zone - Likely to rise to resistance level 158.00 EURJPY currency pair recently reversed up from the support zone between the multi-month support level 156.00 (which has been reversing the pair rom last August) and the lower daily Bollinger Band. The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Piercing Line – if the pair closes today near the current levels. Given the strength of the support level 156.00 and the bullish euro sentiment seen today, EURJPY currency pair can be expected to rise to the next resistance level 158.00.
Long
by FxProGlobal
EURUSD short until TP 1.0250 = see my reasons !Hello guys, In the last few months I studied more the currencies in order to make more precise predictions about buying or selling. This time, we have a SELL signal. My reasons : - daily chart : upward band of Bollinger touched twice already and rejected - 4 hour chart : there is a resistence area there should reject also this time So, the quote should go on SELL until quote 1.0250 which is a possible support area and a psychological level as well. See the attachements. /url] What do you think ?
Short
by 10yearsfxexpert
Gold is expected to continue to reach new highs of 2970-2980Dear Traders, Although gold has slightly retreated after touching around 2948, it is still holding above the 2935-2930 region, maintaining a strong bullish trend. Based on the current gold structure, gold has repeatedly failed to break the 2920-2925 support zone during its pullback, and has not formed a sustained downtrend. On one hand, this reflects strong buying support at lower levels; on the other hand, the pullback space is limited. Therefore, before any trend reversal, gold is likely to have another rally to test new highs. I expect that if gold manages to hold above the 2950-2955 region in this rally, it will likely attempt to reach the 2970-2980 zone. So, for short-term trading, leading into Thursday and Friday, we should primarily focus on going long on gold, with key support around the 2940-2930 region. If gold reaches the 2970-2980 region, we can then consider shorting it. Bros, are you optimistic about gold continuing to hit new highs? Do you know how to grasp the trading rhythm? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
RUNE Ready for a Big Move? Accumulation Breakout Incoming!Current Market Structure: #RUNE has been in an accumulation phase after a prolonged bearish trend. The price is consolidating, forming a potential Wyckoff Accumulation pattern. No further bearish signs are present except for the previous break of a strong support level. Key Levels to Watch: 🔹 Support: $0.788 (previous level) 🔹 Resistance: $2.5 (breakout zone) 🔹 Accumulation Range: $1.13 – $1.6 Trading Plan: 🔹 A confirmed breakout above the resistance level will signal the start of a bullish trend. 🔹 Ideal long entry on breakout with a retest confirmation. 🔹 Stop-loss below accumulation range to minimize risk. 🔹 Targeting $7 as the next resistance level. What do you think? Will #RUNE break out soon, or are we in for more sideways movement? Share your thoughts in the comments! Like & Follow for more trade setups and insights!
Long
by mudusir
1
#ETHUSDT: Critical Moment! Breakout or Deeper Correction?BYBIT:ETHUSDT.P is currently in a key consolidation zone after a significant decline in recent months. The price remains within a trading range, with major players accumulating liquidity. The question is: will ETH break out or drop further? 🔍 Key Metrics: ✔ Current Price: $2,682.81 ✔ Volume: 262.98K ETH – moderate, but sellers remain active. ✔ Key POC Level: $2,729.76 – the highest volume area, where the market may decide its direction. ━━━━━━━━━━━━━━━━━━ 🔥 What’s important right now? 📌 BYBIT:ETHUSDT.P is trading below the liquidity zone ( POC: $2,729.76 ) – sellers are still in control. 📌 If the price fails to reclaim $2,729, the downtrend could accelerate. 📌 Upper range resistance – $2,835-$2,872, breaking above which could restore bullish momentum. 📌 Lower support range – $2,595-$2,522, dropping below this level will increase bearish pressure. 🔥 Key Scenarios for BYBIT:ETHUSDT.P ━━━━━━━━━━━━━━━━━━ 🟢 Bullish Scenario: Reversal to the Upside LONG #ETHUSDT from $2872.00 upon a confirmed breakout 🛡 Stop loss: $2835.00 (below the channel boundary) ✔ Holding above $2,910 strengthens the chances of a continued uptrend. ✔ If BYBIT:ETHUSDT.P breaks above $2,872, further upside is likely towards: 💎 TP 1: $2,893 – the next resistance. 🔥 TP 2: $2,910 – a key level where a pullback may occur. ━━━━━━━━━━━━━━━━━━ 🔴 Bearish Scenario: Further Decline If BYBIT:ETHUSDT.P drops below $2,609, selling pressure may increase: SHORT #ETHUSDT from $2609.00 upon confirmed support breakdown. 🛡 Stop loss: $2638.00 ✔ If the price reaches $2,522, a short-term bounce may occur. 💎 TP 1: $2595.00 – first support level. 🔥 TP 2: $2580.00 – deeper liquidity level. ⚡ TP 3: $2570.00 – potential bottom before a new impulse. ━━━━━━━━━━━━━━━━━━ A Critical Turning Point for BYBIT:ETHUSDT.P ! 📌 BYBIT:ETHUSDT.P is in a zone of uncertainty, and a breakout in either direction may lead to a sharp move. 📌 Buyers must reclaim $2,729, or sellers will likely push the price lower. 📌 A break above $2,872 opens the door for upside, while a drop below $2,609 confirms further correction. 🚀 Prepare for a strong move! BYBIT:ETHUSDT.P is on the verge of a breakout! 🔥
by MoriartyTrading
TOTAL3 - Adam & EveOn the above 2 day chart of TOTAL 3 (crypto market total excluding both Bitcoin and Ethereum markets), an Adam & Eve pattern confirms (see link below for details). What follows next is the most exhausting sideways trading period that typically lasts a period of months ending with traders capitulating. So the crypto market so going to crash? The depends, are you holding XRP, DOGE, HBAR, SOL to name a few, there are some tokens that are considerably overbought with 1000-2000% extensions from the last six months. For holders of those tokens there is nothing I can do to convince them of what is about to happen. For everything else, the outcome is actually quite positive. You either know what those tokens are or you don’t! If you don't, focus on the 8 day GRM, it tells you all you need to know. Ww Adam & Eve pattern: forexbee.co
CRYPTOCAP:TOTAL3
by without_worries
17
Is it time to buy the US dollar?With US inflation rising, the US economy performing well, and rates higher for longer (well, I wouldn't be surprised to see the Fed hike rates by the end of 2025), the USD continues to be an obvious buy. The TVC:DXY is currently testing key horizontal support (previously resistance) and is nearing the weekly moving averages. This could be the time to buy the dollar. I'm personally looking to short OANDA:EURUSD OANDA:GBPUSD and OANDA:NZDUSD and buy OANDA:USDCAD and OANDA:USDCHF
TVC:DXYLong
by Samuel_Morton_Trader
GBPUSD - Down We Go!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPUSD has been overall bullish, trading within the rising channel marked in red. However, it is currently retesting the upper bound of the channel which lines up perfectly with the resistance zone marked in blue. 📉As per my trading style, as long as the resistance zone holds, I will be looking for sell setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
16
#BTCUSDT remains in a bearish trend📉 SHORT BYBIT:BTCUSDT.P from $94,831.0 🛡 Stop Loss: $95,276.0 ⏱ 4H Timeframe ✅ Overview: ➡️ BYBIT:BTCUSDT.P is trading within a descending range after forming a Head and Shoulders pattern, indicating potential further downside. ➡️ Volume Profile suggests that the main liquidity (POC) is positioned above the current price ($95,933.6), reinforcing seller dominance. ➡️ A break below $94,831.0 will strengthen the bearish impulse and confirm buyer weakness. ➡️ The main downside targets are in the $94,470.0 – $94,120.0 range, where a short-term bounce may occur. ⚡ Plan: ➡️ Short entry after breaking $94,831.0, confirming bearish momentum. ➡️ Stop-Loss at $95,276.0—placed above the nearest resistance level to minimize risk. ➡️ Main targets: $94,470.0 and $94,120.0, where demand may emerge. 🎯 TP Targets: 💎 TP 1: $94,470.0 🔥 TP 2: $94,120.0 🚀 BYBIT:BTCUSDT.P remains in a bearish trend—expecting further downside! 📢 BYBIT:BTCUSDT.P is forming a bearish trend, and consolidation below $94,831.0 will reinforce it. 📢 Watch for price reactions near $94,120.0, where a slowdown might occur.
Short
by MoriartyTrading
Bitcoin Long-Term Analysis: Heading Toward $666,000! In this video, we provide a comprehensive and detailed long-term analysis of Bitcoin's price movements. 🔍📊 As the leader of the cryptocurrency market, Bitcoin is currently in a strong upward wave. If it maintains a price above $88,000, it could potentially reach $666,000. 📈💥 Will this prediction come true? 🤔 In this video, we analyze key levels and possible scenarios in detail. Watch the video and make sure to share your valuable thoughts in the comments! 💬👇
INDEX:BTCUSDLong
by Elliottwaveofficial
1
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wanted to see price dip into the lower support and give us the opportunity to long into the higher levels targeting the red box targets and the bias levels given. We manged to get this trade and started the week well! We then suggested traders play caution as the set up just wasn’t presenting itself for the short, instead, we updated our plans and published the long idea again which played out well giving us a decent end to the week. The ranging gave us conflicting signals and choppy price action towards the end of the week, so not 100% to plan, but we played it and adapted. We managed another stellar performance on Excalibur, 6 targets on Gold and another trunk full on the other pairs we trade and analyse in Camelot. Difficult, but consistent nevertheless. So, what can we expect in the week ahead? Ideally we would like to wait for the market to open and break out of the range before picking the direction. We have lower support at 2930 and the extension level 2918-14 which needs to be watched for the break in the early part of the week, while the key level above 2950-55 with extension into the 2960 region should act as a barrier which will need to break. We’ll start by saying if the price does support that 2930-25 level on the open, then the opportunity to long into the 2943 and above that 2950 levels should be available to those looking to go long. We have marked a RIP point 2960-65 but that will only give us the flip so scalps into the lower support region are potentially all we will get. Above that we have marked our area of interest, this is ideally where we want to be monitoring the price action and looking for signs of a potential reversal, which, if given should give us a nice swing short into the lower levels which will be published on morning reviews and KOG’s bias of the day. On the flip, If we glitch and make a move downside on the open, look out for the levels of 2920-16 and below that 2910! These region need to hold us up to go higher in order to clear the liquidity from above before another attempt at lower. It’s the last week of the month, it’s going to be choppy and ranges will form. Indications of lower pricing are on the horizon, the set up just isn’t clear at the moment so play it level to level, keep an eye on the red boxes, look back at the KOG reports and see for yourself how well they play with price. Take it easy, “if it’s exciting, you’re doing it wrong”. We’ll update as through the week as we usually do with the red box targets, KOG’s bias of the day and the indicator levels. KOG’s bias of the week: Bullish above 2920 with targets above 2945, 2949. 2952 2955 and above that 2970 Bearish below 2920 with targets below 2916, 2910, 2906, and below that 2898 RED BOX TARGETS: Break above 2943 for 2947, 2950, 2955, 2962, 2966 and 2977 in extension of the move Break below 2930 for 2923, 2920, 2910, 2906 and 2899 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
Incoming 50% for Dogecoin ??**short term analysis - Days and weeks ahead** On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who. A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform. 1) Price action prints bearish divergence. 2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below. 3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted. 4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend. Is it possible price action continues upwards and onwards? Sure. Is it probable? No. Ww
Short
by without_worries
133