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Support and Resistance

Bitcoin Uber Bear If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Uber Bear update. Followed path and patterns laid out 1 month ago. If you are at the hard right edge, and the market followed the path laid out and reacts in an area identified, does that mean the #Elliottwave count is 100% correct? No, need the PA to prove it. A continued swift move down and break of 65k, will add weight to this variation. Trade Safe, Trade Clarity.
COINBASE:BTCUSDShort
by CryptoKnee
Streamr (DATA) - Bullish divergenceOn the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Price action finds support on past resistance. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous. 4) The flagpole measures out at 800% to target. Is it possible price action could fall further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe for long: now Return: 800%
Long
by without_worries
7
Cosmos (ATOM ) to $2.50But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead shall likely print a strong upward move at first until resistance. Is it possible this resistance test at $12 fails to hold? Sure. Is it probable? No. Ww Type: Trade Risk: <=6% Timeframe: Long now this month until resistance Return: 50% or thereabouts
Short
by without_worries
66
Alikze »» FTM | Triple Top - 4H🔍 Technical analysis: Triple Top - 4H - In the analysis presented in the weekly time frame , after the formation of a reversal top pattern, the first target and the 1.272 Fibo area were touched. After that, it faced a selling pressure in the Fibo area of ​​1.272. - Further on in the daily analysis , it was pointed out that due to the selling pressure in the middle of the ascending channel, it can face the demand again with the pullback to the broken structure and the Buyer Zone, otherwise, with the continuation of the selling pressure, it can reach the bottom of the ascending channel. also touch - But in the 4-hour time frame, due to a triple top pattern in the Fibo range of 1.272, it faced selling pressure and has led to the continuation of the correction to the bottom of the ascending channel in the 4-hour time frame. - According to the behavior and structure, it can make a modification to the Order Block area with pullback to the red box area. 💎 In addition, in case of selling pressure, correction can continue up to the 0.3906 area, and in case of demand, it can increase to the 0.62 area. 💎 In addition, if it can break the red box area, it can retest the middle range of the channel and Fibo 1.272. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
Short
by alikze
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:ARVSMART
by AnsariTV
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:SIYSIL
by AnsariTV
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think. Please check the Fundamental of the COMPANY before investing as Penny Stock are Easy to Manipulate.
NSE:PARADEEP
by AnsariTV
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think. Please check the Fundamental of the COMPANY before investing as Penny Stock are Easy to Manipulate.
NSE:JYOTISTRUC
by AnsariTV
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:FORTIS
by AnsariTV
NIFTY50.....Higher Volatility expected!Hello Traders, The NIFTY50 is more or less trading in a sideways range between 24073 and 24500. It has not reached the descending trend line (blue) drawn on the chart. It needs to break this line to the upside in order to bring fresh buying interest into the market and break the gray trend line around the 246xx area. Depending on if and when this happens, the next resistance is the 24850 area (red line)! As you can see, a lot of resistance ahead! On the downside, a break of 24073 (hourly close at least) opens the door to further selling pressure, probably to the 23400 area. The wave count remains unchanged and will be updated in the coming days. Expect more and "higher" volatility in the coming days due to the US vote! I recommend staying out of the market until Wednesday to get a clearer view. No one knows what the reaction in the US will be to the vote! Have a nice weekend..... Ruebennase Please ask or comment as appropriate. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
4
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think .
NSE:BSL
by AnsariTV