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Support and Resistance

NVIDIA Wave Analysis 27 January 2025 - NVIDIA broke support zone - Likely to fall to support level 115.00 NVIDIA opened today with the sharp downward gap breaking the support zone located between the support level 126.65 (former monthly low from December) and the 38.2% Fibonacci correction of the upward impulse from August. The breakout of this support zone accelerated the active short-term impulse wave i, which belongs to the intermediate impulse wave (3) from November. NVIDIA can be expected to fall further to the next support level 115.00 (former monthly low from October).
NASDAQ:NVDAShort
by FxProGlobal
Apple Wave Analysis 27 January 2025 - Apple reversed from support zone - Likely to rise to resistance level 237.00 Apple recently reversed up from the support zone located between the key support level 220.00 (which has been reversing the price from October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the sharp upward impulse (C) from August. The upward reversal from the support level 220.00 stopped the previous minor impulse wave 1, which belongs to wave (C) from the start of January. Given the clear daily uptrend and the oversold daily Stochastic, Apple can be expected to rise further to the next resistance level 237.00.
NASDAQ:AAPLLong
by FxProGlobal
EURAUD: Sell Setup at Key Resistance Zone OANDA:EURAUD is testing a significant resistance zone, a level where price has historically struggled to break higher. This area represents a potential reversal point, as the market structure suggests sellers may regain control. If the price confirms a rejection at this resistance zone, I anticipate a potential move downward toward the 1.65600 level, which represents a logical target for this setup. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
1
TradeCityPro | ADAUSDT Continued Upward Momentum?👋 Welcome to TradeCityPro Channel! Let’s analyze ADA, one of the popular altcoins in the market, and identify potential entry and exit triggers. 🌐 Overview Bitcoin Before diving into ADA, let’s check Bitcoin’s 1-hour timeframe. After breaking the 104227 support, a short position could have been opened, as I mentioned earlier. With a tight stop-loss and quick profit-taking, you could have achieved a risk-to-reward ratio of 6:1 under strict conditions. Additionally, after the fake breakout at 98867 (a significant support), Bitcoin experienced a sharp move followed by a pullback to 101991, which was rejected. Now, Bitcoin is back at the 98867 support. If this level holds, Bitcoin will likely range within the box. If broken, another short position can be opened, but remember to secure profits quickly. 📊 Weekly Timeframe In the weekly timeframe, ADA stands out compared to most other altcoins. It has effectively broken out of its weekly range box but has reacted to the next resistance level, with Bitcoin holding back further gains. ADA also made a higher low in 2024 compared to its 2023 low of 0.2390, demonstrating bullish behavior and avoiding a drop to the 900-day range box bottom. If you bought ADA at the breakout of the daily range box ceiling (0.4562), continue to hold for now. However, if you’re worried about losing profits or have limited capital, you can consider withdrawing your initial investment while letting the rest ride. For new entries, look for either a strong reaction at the 0.7458 level with daily momentum triggers or a breakout above the 1.1982 key resistance. Personally, I’m planning to add to my position after 1.1982 breaks. 📈 Daily Timeframe On the daily timeframe, ADA found support at 0.3134 after several tests. Sellers failed to break this support, allowing buyers to gradually step in. Following the breakout of the short-term range box ceiling at 0.3659, ADA experienced an impressive 230% rally. After this rally, ADA entered a range box, where it’s unclear whether it’s a re-accumulation zone or a distribution zone. This will become evident when the box is broken, either upward or downward. Currently, the critical resistance is at 1.1299, which has been tested and rejected three times, making it a key level. For new purchases, I’m waiting for a breakout above 1.1299, combined with increased volume and an RSI above 62.52. Inside the box, I won’t take any action as I’m already holding ADA, but I’ll aim to add more if these conditions are met. For short-term profit-taking, you can consider exiting if ADA drops below 0.836, which is a significant support level. However, be prepared to re-enter after reclaiming this level or upon confirming a fake breakdown. If 0.836 breaks down convincingly, we might see further support levels at 0.7049 and 0.6124. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
10
This is What Pro Traders See ;)"Ethereum is sitting at a critical confluence zone where the Monthly and Weekly Fair Value Gaps (FVG) align perfectly with key support levels. 🚀 This is a potential launchpad for a major move! As volume picks up, we anticipate the strong resistance zone to break, paving the way for a mega altseason ahead. The path may be volatile, but the upward potential is undeniable. Eyes on the charts! 🔥 #Ethereum #CryptoAnalysis #Altseason" #TradeWithMky TradeWithMky @TradeWithMky
Long
by TradeWithMky
EUR/USD Bulls Clear January Opening-Range- Fed/ECB on TapEuro broke through resistance a the January opening-range highs last week at 1.0405/48 (now support). Possible upslope in play here but too early to rely on. For now, focus is higher while above the objective yearly open at 1.0354 . Next major resistance zone eyed at the 2023 low-week close (LWC) / April low at 1.0587-1.0602 - look for a larger reaction there IF reached with a close above needed to suggest a more significant low was registered this month / a larger reversal is underway towards 1.0777/82 . FED / ECB interest rate decisions are on tap this week with U.S. 4Q GDP slated for Friday. Watch the weekly close here for guidance. Covered this setup in depth in this week's Technical Outlook Webinar. -MB
by FOREXcom
SeekingPips SELL Level XAU SHORT Call A Picture Paints 1000WordsSeekingPips SELL Level XAUUSD SHORT Call A Picture Paints 1000 Words. ✅️ Another ball out the park moment for SeekingPips. ✅️ Called it at first blue arrow and the confirmation and a perfect opportunity to get back on board at the same price. ⭐️If you took the reentry signal you got virtually zero drawdown⭐️ Be sharp and always pay yourself at pre identified key levels. SeekingPips almost always keeps a runner after being paid. Yes sometimes we are kicked out after but always in a profit after moving stops. By having a runner SeekingPips never missed the big runaway move. It is those outliers that sometimes male the month a GREAT PAYDAY. If you missed it. WAIT for a TRIGGER don't be a DUMBA$$ Chasing is never a good idea.
FOREXCOM:XAUUSDShort
by seekingpips
USDJPY Potential Reversal Movement Hi Traders what do you think about USDJPY given suggestion in comments. USDJPY Bearish Trend If you expect a bearish trend, you're likely forecasting that the USD will weaken against the JPY, potentially driven by various factors like market sentiment, economic data, or central bank actions. Support and Resistance Levels: Resistance Zone: 157.000 — This is a strong level where the price could struggle to break above. If it faces rejection here, it could reinforce a bearish move. Support Zone: 153.000 — If the price approaches this level, it may find support and potentially reverse, depending on other market factors. If you like this analysis please support my work like and follow Thanks For Love
Short
by FxJennefir
EURNZD - Sell Setup at Clear Resistance ZoneEURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest. If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.82800. However, a break above this zone could signal a potential shift in market sentiment. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective about this setup in the comments. Best of luck , TrendDiva
Short
by TrendDiva
1
SEKJPY at Major Resistance - Could it Reach 14.133?SAXO:SEKJPY is approaching a key resistance level that has previously triggered bearish reversals. While current bullish momentum has driven the price into this zone, it could present an opportunity for sellers to step in. If bearish signals such as rejection wicks or bearish engulfing candles appear, a move toward 14.133 could follow. On the other hand, a breakout above this resistance would invalidate the bearish bias and signal potential for further upside. Key Takeaway: Wait for clear rejection patterns before considering short positions.
Short
by TrendDiva
3
Nikkei 225 Wave Analysis 27 January 2025 - Nikkei 225 fall inside sideways price range - Likely to fall to support level 38025.00 Nikkei 225 index recently reversed down from the strong resistance level 40285.00 (upper border of the tight sideways price range inside which the pair has been moving since October) standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 40285.00 stopped the previous minor wave c, which started earlier from the lower border of this price range 38025.00.                                                       Nikkei 225 index can be expected to fall to the next support level 38025.00 – from where the index is likely to correct up.
VANTAGE:NIKKEI225Short
by FxProGlobal
Gold Wave Analysis 27 January 2025 - Gold reversed from resistance zone - Likely to fall to support level 2711.00 Gold recently reversed down from the resistance zone between the key resistance level 2789.00 (former multi-month high from October), resistance trendline of the daily up channel from November and the upper daily Bollinger Band. The downward reversal from this resistance zone will likely form the daily Japanese candlesticks reversal pattern Bearish Engulfing (strong sell signal for Gold), if the price closes today near the current levels.                                                       Given the strength of the resistance level 2789.00 and the overbought daily Stochastic, Gold can be expected to fall to the next support level 2711.00.
FX_IDC:XAUUSDShort
by FxProGlobal
Agilon Health | AGL | Long at $2.24Agilon Health NYSE:AGL Pros: Revenue consistently grew from 2019 ($794 million) to 2023 ($4.3 billion) and through three quarters of 2024 ($5.6 billion). Expected to reach $8.7 billion by 2027. Current debt-to-equity ratio 0.06 (very low) Sufficient cash reserves to fund operations and strategic initiatives Strong membership growth (525,000 as of Q3 2024, a 37% year-over-year increase) Recent insider buying ($2 - $3) and awarding of options Cons: Rising medical costs - currently unprofitable and not forecast to become profitable over the next 3 years No dividend Targets (into 2027): $2.72 $4.00 $5.00 $7.00 $11.50 $16.00
NYSE:AGLLong
by WorthlessViews
Beyond | BYND | Long at $6.00Beyond NYSE:BYON . The bad: Highly speculative play. Currently unprofitable and not forecast to become profitable over the next 3 years. Has less than 1 year of cash runway. The good: Insider buying below $10 (especially in the $6-$7 range) is outweighing insider selling. The last dip below $7 saw the Officer and Director grab over $1.5 million worth of shares. Chart setup is nice, although a move to the high $4 area is not out of the question. The gap above the current price is a great target area as the price seems to be consolidating. Float=45M, short interest=17%. Could get squeezed, or ... The company's blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values. Recent layoffs may help with future profitability. Acquisition candidate. Santa rally? At $6.00, NYSE:BYON is in a personal buy zone as a purely speculative play. Target #1: $7.50 Target #2: $8.50 Target #3: $9.30
NYSE:BYONLong
by WorthlessViews