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Support and Resistance

FETUSD H&SHead and Shoulders Formation Fetch.ai (FET) against the US Dollar (USD) has formed a classic head and shoulders (H&S) pattern, which is one of the most reliable reversal patterns in technical analysis. The price has recently broken below the neckline, a critical support level, and is now expected to retest the broken support structure to confirm the pattern's validity. This development suggests a potential shift in market sentiment from bullish to bearish, and it’s worth exploring the implications of this pattern in greater detail. 1. Breakdown of the Head and Shoulders Pattern The head and shoulders pattern is a bearish reversal formation that typically occurs at the end of an uptrend. It consists of three distinct peaks: Left Shoulder: The price reaches a high, retraces, and forms a trough. Head: The price rallies to a higher high, surpassing the left shoulder, and then retraces again. Right Shoulder: The price forms a lower high, failing to reach the height of the head, and then breaks below the neckline, which is the support level connecting the troughs of the left shoulder and head. The breakdown below the neckline confirms the pattern and signals a potential trend reversal. The price often retests the neckline from below before continuing its downward move, which is what we’re currently anticipating in FET/USD, my area of immediate target is 0.80000. What do you think of this analysis?
BINANCE:FETUSDShort
by sirkamal
2
XAU/USDGold remains in a strong uptrend but is currently testing a key resistance zone near $2,820. A rejection from this level could lead to a corrective move toward the $2,740-$2,720 support area, aligning with trendline support. A deeper pullback could extend toward $2,660 if bearish momentum increases. However, a breakout above $2,820 with strong volume could push price toward new highs, with the next target around $2,850-$2,860. Current sentiment is bullish but overextended, so waiting for confirmation of either a rejection or breakout is crucial for the next move.
FOREXCOM:XAUUSDLong
by PrimexCapital
#DOGEUSDT 🔹 #DOGEUSDT | Update 🔹 📊 Analysis: #DogeCoin, the popular cryptocurrency, after experiencing an approximate 400% growth, has encountered a short-term resistance zone and entered a correction phase. As mentioned in the previous analysis, the coin is expected to drop towards the channel's lower bound in the medium term. ✨ Key Levels: ✅ Short-term Support: $0.25 ✅ Strong Support: The lower bound of the hypothetical ascending channel around $0.17 📌 Prediction: The movement within the ascending channel structure is still valid, and a reaction to the mentioned support levels is expected. ——————————————————— 📅 Date: 2025/02/04 📢 For more analyses: @MohsenHasanlu
by Mohsen_Hasanlu
US30 04FEB 2025 TRADE IDEA The **Dow Jones Industrial Average (US30)** remains in a long-term bullish trend, with price continuing to form higher highs and higher lows. However, in the short term, a pullback is expected after a recent push higher, as indicated by the current price of 44,285.9. The key resistance zone lies between 44,803 – 45,124, where selling pressure could emerge, while major support zones are found at 43,113 – 43,047 and further down at 41,757 – 41,527. If the price fails to break above the resistance, a decline toward the lower demand zones is likely before any potential continuation of the bullish trend. From a Smart Money Concepts (SMC) perspective, liquidity is positioned both above the 45,103 – 45,124 zone, where stop-losses of retail traders might be targeted, and below at 43,047 – 42,000, which could serve as a liquidity grab area before a bounce. Fair Value Gaps (FVGs) are present near 43,113, making it a potential retracement target. Additionally, a bearish order block (OB) is evident at 44,803 – 45,124, reinforcing the likelihood of rejection from this zone, while a bullish OB at 41,684 – 41,527 suggests a high-probability area for a price reversal. Given these factors, smart money could drive price down toward these key liquidity levels before another upward move. In terms of supply and demand, the market is currently testing a strong supply zone (44,803 – 45,124), which may result in a short-term decline. Meanwhile, significant demand zones at 43,113 – 43,047 and 41,757 – 41,527 could provide support where buyers may step in. A sell-off from the supply zone, followed by a reaction at the demand levels, aligns with the overall market structure. On the fundamental side, several macroeconomic factors are influencing US30’s trajectory. The Federal Reserve’s interest rate decision in February 2025 will be a key driver. A hawkish Fed stance could strengthen the USD, putting pressure on stocks, while a dovish approach (rate cuts) could provide upward momentum. Additionally, the US jobs report (NFP and unemployment rate) will be closely monitored; a strong labor market could reinforce the Fed’s tightening policy, negatively impacting equities. Geopolitical risks, including ongoing tensions in Russia-Ukraine, the Middle East, and the US-China trade war, may also introduce volatility. Rising geopolitical tensions could lead investors to seek safe-haven assets, causing US30 to decline, whereas easing tensions could bolster market sentiment and support the index. Given these technical and fundamental factors, the short-term expectation for US30 is **bearish**, with price likely to retrace toward the 43,113 level and possibly 41,527 before any renewed bullish momentum. Traders looking for short opportunities may consider selling near 44,803 – 45,124, with a stop-loss above 45,200, targeting 43,113 and potentially 41,757. On the other hand, long positions could be considered around the 41,684 – 41,527 demand zone, with a stop-loss below 41,400 and targets back toward 43,113 – 44,800. Overall, while the broader trend remains bullish, short-term corrections are expected before the market resumes its upward trajectory. Traders should keep an eye on key economic releases and geopolitical developments, as they could significantly impact market sentiment and price action.
SKILLING:US30Short
by karabompesi
Trading Signals for GOLD sell below $2,809 or buy above $2,824Early in the American session, XAU/USD is trading around $2,819, above the 21 SMA, and below the 8/8 Murray. A strong technical bounce is observed and gold is likely to continue rising in the next few hours until it reaches the 2,822 area where the daily R_2 is located. If gold reaches its annual high ( 2,822-2,828), a double-top pattern will be formed which could be seen as a technical reversal signal. Thus, we could sell the metal in the short term with the target at $2,600. On the other hand, if gold consolidates above 2,820, the outlook could remain bullish. Hence, we could expect gold to reach +1/8 of Murray located at 2,851. Technically, we could expect gold to make a strong technical correction because the price is approaching overbought levels on the daily and weekly charts. The indicator is showing a negative signal, reaching overbought levels. Therefore, after a technical correction towards 2,785 (21 SMA), gold could resume its bullish cycle.
FOREXCOM:XAUUSDLong
by CEO-PREMIUM-ANALYSIS
HelenP. I Bitcoin will repeat move up and then continue to fallHi folks today I'm prepared for you Bitcoin analytics. This chart shows how the price rose from the resistance level, which coincided with the resistance zone, after which it dropped to the support level, breaking the 103600 level. Also then the price started to trades inside consolidation, where it some time traded near the support level and then rose to almost the resistance level. Then BTC turned around and fell back and even declined to support zone. After this movement, Bitcoin made a strong impulse up to the resistance zone, thereby exiting from consolidation and breaking the 103600 level. Next, the price reached the trend line and then started to decline near this line. Soon, the price broke this line and then broke the resistance level, after which declined below the trend line, but later backed up. After this move, BTC turned around and rebounded from the resistance zone to the support zone, finally breaking the resistance level with the trend line, but a not long time ago BTC rose higher than the trend line. Now it trades close and I expect that BTCUSDT will repeat move up and then continue to decline, and even break the support level and fall to the trend line. That's why I set my goal at 90400 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Short gold when it hits 2820-2830 areaDear traders, gold has shown exceptional strength after breaking through the 2800 level, with aggressive buying flows providing strong support while simultaneously limiting downside retracements. Based on the current gold market structure, there remains upside potential, with prices likely to revisit the 2620-2630 range. However, market sentiment currently plays a more dominant role than technical factors. As strong buying pressure fuels a short squeeze rally, a shift in sentiment could lead to the formation of a high wave candle on the chart, with gold potentially retesting the 2800-2790 support zone. Given these conditions, I do not advocate chasing long positions at current levels for short-term trades. Instead, a more prudent approach would be to consider initiating long positions if gold retraces to the 2800-2790 support and holds above it. Conversely, if prices reach the 2620-2630 region, we can look for opportunities to short gold again. Bros, do you still have the courage to short gold? 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:XAUUSDShort
by Trader_Marvin
Why I Think USDJPY Will Buy This Week...Technical AnalysisHey Rich Friends, This is a technical analysis of USDJPY. I encourage you to check the news and cross-reference your own charts and indicators before taking any trades. I think USDJPY will be buying this week, and here is what I am looking at: - The candles have started to cross and close above the 200 EMA. When candles are above an EMA, it tends to act as an area of support and confirm a buying trend. You can and should backtest this. - The STOCH is facing up, the fast line (blue) is above the slow line (orange) and both lines have crossed above 80%. This is a strong bullish confirmation for me. - I have a few potential TPs and buy stops set at previous highs in case the market does continue to push up, my SL will be a previous low. If this makes sense or you agree, let me know down below in the comments. Peace and Profits, Cha
Long
by MoneyMantraCha
2
Gold Holds Firm as Safe-Haven Demand Rises Amid Tariff UncertainSafe-Haven Gold Rises Amid Tariff Concerns Gold Technical Analysis The price has reached our bullish target, as mentioned in the previous analysis. Today, gold appears to be consolidating between 2,805 and 2,788 until a breakout occurs. However, the overall trend on the Daily and Weekly timeframes remains bullish. For a bullish continuation, gold must close a 4-hour or 1-hour candle above 2,805, which could push the price toward 2,822. On the other hand, if the price closes below 2,788, it may trigger a bearish move toward 2,772 and 2,758. Key Levels Pivot Point: 2805 Resistance Levels: 2812, 2822, 2833 Support Levels: 2788, 2772, 2759 Trend Outlook Consolidation Range: 2,805 - 2,788 Next Bullish Confirmation: A break above 2,805 Bearish Outlook: If the price breaks below 2,788 Previous idea:
OANDA:XAUUSD
by SroshMayi
[02/03] TSLA GEX Outlook for February expiration📌 Key Levels & GEX Insights Gamma Flip Zone: ~400 (until Febr expiration) Tight Transition Zone, Wide Clear Movement Range Above 420 Call Resistance : Every strike has positive Net GEX, meaning a return to this range would likely support further balanced upside or sideways movement. Below 375 : The next PUT support is at 350, so a break below this level could open the door for a deeper drop. There are 3 weeks until expiration. IV and IVR remain high even after earnings. Despite today’s selloff, the high call pricing skew is still attractive if we want to collect credit. In this case, a call butterfly or broken-wing call butterfly could be worth considering—but strictly based on GEX levels. PS: FINAL GEX ZONE COLORING SHEET
NASDAQ:TSLA
by TanukiTrade
US30 Drops 500 Points Amid Tariff UncertaintyUS30 Technical Analysis US Equity Investors to Stay Focused on Global Trade While Watching Out for Earnings, Payrolls This Week Currently, if the 4-hour candle closes below 43,760, it signals a strong bearish move toward 43,350. However, if the price stabilizes above 43,760, it is likely to consolidate between 44,080 and 43,760 until a breakout occurs. A break above 44,080 would push the price higher toward 44,410. Key Levels Pivot Point: 44,020 Resistance Levels: 44,250, 44,410, 44,610 Support Levels: 43,760, 43,580, 43,350 Trend Outlook 🔹 Bullish above 44,080 🔹 Strong Bearish below 43,760
OANDA:US30USDShort
by SroshMayi
GBPAUD - Look for Reversal Short (SWING) 1:4!After a strong bullish move, which can be seen as a correction before continuing the HTF downtrend, we've observed a clear confirmation of a triple top on the LTF. This suggests a potential opportunity to ride the trend south. Additionally, the price has been in accumulation for a few days, likely collecting orders within the marked supply zone. Let’s see how the market plays out — hopefully, it triggers our targeted TP1 and TP2. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
S&P500 : Big Tech Stocks Slide as Trump’s Tariffs Shake MarketsBig Tech Stocks Fall After Trump Imposes Sweeping Tariffs Shares of major Big Tech firms declined after U.S. President Donald Trump announced sweeping tariffs on Mexico, Canada, and China. S&P 500 Technical Analysis The price dropped approximately 1.98% following Trump's tariff announcement. The price is expected to test 5,969, and if it manages to close a 4-hour or 1-hour candle above this level, it may push higher to test 5,996 and 6,020. However, if the price stabilizes below 5,969, it will likely continue its bearish trend toward 5,937. A break below this level would expose 5,893 and 5,863 as additional downside targets. Key Levels: Pivot Point: 5969 Resistance Levels: 5996, 6020, 6051 Support Levels: 5937, 5893, 5863 Trend Outlook: Bullish if the price breaks above 5,969 Bearish while trading below 5,969
OANDA:SPX500USDShort
by SroshMayi