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Support and Resistance

SUI → The coin is coming out of an uptrend. Capitulation?BINANCE:SUIUSDT is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible? A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver. At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline. Resistance levels: 4.489, 4.84, 5.12 Support levels: 4.25, 4.00 A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin! Regards R. Linda!
Short
by RLinda
6
XRP in Bull-ChannelXRP/USDT Analysis 📊🔥 🔹 XRP is moving within a bullish channel on the 4-hour timeframe, showing positive signs for a continuation of the uptrend. 📌 Key Levels: Strong Support: 💪 $2.68 (critical level for potential bounce if correction happens). Major Resistance: 🚀 $3.70 (next target for breakout). 📈 Trend Analysis: A significant pump was seen in the previous move, and the price is now in a consolidation phase. Breaking out of the triangle pattern could define the next trend direction: An upward breakout targets the $3.70 resistance 🟢. A downward move could retest the $2.68 support 🔴. ✨ Suggestion: Wait for a breakout confirmation and trade accordingly. Keep an eye on how the market reacts to the support and resistance levels. 📌
BINANCE:XRPUSDLong
by ehsancrypto72
TradeCityPro | STXUSDT Sellers Final Attempt👋 Welcome to TradeCityPro Channel! Let’s analyze one of my favorite coins, STX, which serves as Bitcoin's layer 2 and is currently in a better condition compared to other altcoins. 🌐 Overview Bitcoin As always, before analyzing STX, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin bounced off the 102873 support, with its recent fluctuations caused by the Trump-related events and their accompanying market noise. Bitcoin dominance continues to climb, and it’s likely we’ll see a new high along with bullish movement in Bitcoin dominance. It’s a good idea to either open long positions on Bitcoin or hold your existing long positions. Altcoins paired with Bitcoin that are showing bullish signs might also see upward movement. 📊 Weekly Timeframe On the weekly timeframe, STX stands out as one of the most bullish coins in the market, alongside Solana, Doge, and Sui. This highlights the strong current position of this project. The key resistance level is at 2.708, while the 3.696 ATH can be considered a fake breakout. For trading, it’s better to base your entries and positions on the 2.708 resistance. The coin has been moving along an important supportive trendline that had multiple successful retests. However, this trendline has been broken, a pullback occurred, and the trendline trigger activated with the breakout at 1.299, which currently serves as a critical support. This level is both a major weekly support and the 0.382 Fibonacci level. If broken, the price could drop further to 0.738. For new entries, either wait for the 1.765 level in lower timeframes or the primary trigger at 2.708. Exiting below 1.299 in profit might be a smart move. If the price reclaims this box, you can re-enter. Although this strategy reduces the number of coins, it ensures no USD losses. 📈 Daily Timeframe On the daily timeframe, the price is at the 1.355 significant support level, with lower highs and relatively flat lows forming a compression pattern and a trendline. I won’t exit my spot holdings below 1.355, but I may take the risk of opening a short position after breaking this trigger. Part of the profits from this short position can be used to accumulate more STX coins for long-term holding. For re-entry on the daily timeframe, momentum or a trend reversal is necessary. This could happen with a fake breakout of 1.355, which is a critical support level. Buyers will likely make an effort to defend it. Alternatively, you can wait for the trendline breakout and the 1.674 level to open your spot positions with a risky stop-loss below 1.355. A breakout above RSI 50 can also serve as confirmation. ⏱ 4-Hour Timeframe On the 4-hour timeframe, the chart shows consolidation near the 1.355 critical support, oscillating within the 1.355 to 1.674 box, with sellers slightly stronger. 📉 Short Position Trigger The short position trigger is clear. After breaking 1.355, I’ll open a short position. If the price moves closer to this level, I might also place a stop-sell order if bearish volume increases. 📈 Long Position Trigger Long positions are trickier with this chart. For such positions, I’d either check other charts or wait for a higher high and low or a fake breakout of 1.355 before considering opening a long position. www.tradingview.com 📝 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
8
Bitcoin Wave Analysis 24 January 2025 - Bitcoin reversed from support zone - Likely to rise to resistance level 109,675.00 Bitcoin cryptocurrency previously reversed up from the support zone between the round support level 100,000.00 and the 50% Fibonacci correction of the upward impulse from the middle of January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long-legged Doji, which stopped the previous minor correction 2. Given the overriding uptrend seen on the daily charts, Bitcoin can be expected to rise to the next resistance level 109,675.00 (top of the previous impulse wave 1).
Long
by FxProGlobal
GBPUSD Wave Analysis 24 January 2025 - GBPUSD broke resistance zone - Likely to rise to resistance level 1.2555 GBPUSD currency pair recently broke the resistance zone lying at the intersection of the resistance level 1.2365, resistance trendline of the daily down channel from October and the 38.2% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the active C-wave of the ABC correction (2) from the start of January. GBPUSD can be expected to rise to the next resistance level 1.2555 (target price for the completion of the active ABC correction (2)).
Long
by FxProGlobal
RUNEUSDT: Is This Falling Wedge About to Trigger a Major Move?Yello, Paradisers! Have you been keeping an eye on RUNEUSDT? The price is following a textbook falling wedge pattern—a bullish formation that’s caught our attention after a healthy retracement. But here’s the main question: Will this breakout bring the pump we’re all waiting for, or is more pain on the horizon? Let’s dive in. 💎If RUNEUSDT breaks out of the falling wedge, the probabilities for a bullish move will significantly increase. However, don’t jump the gun—confirmation is key! Look for big volume spikes accompanying the breakout to validate the move. Without sufficient volume, it’s just a fake-out waiting to trap impatient traders. 💎On the other hand, if we see more retracement or even panic selling, the price could dip below the current inducement levels. In this scenario, we’d expect a bounce from the strong support zone, which is sitting at a crucial level. To improve the odds in our favor, keep a close eye on bullish I-CHoCH (Internal Change of Character) forming on lower timeframes. This will provide an early signal for potential trend reversal. 💎Now, let’s address the flip side. If the price breaks down and closes below the strong support zone, it will completely invalidate our bullish idea. In such a case, the smart move is to exercise patience and wait for better price action to develop. There’s no need to rush when the market isn’t showing clear opportunities! 🎖 As always, Paradisers, discipline is your greatest trading edge. Don’t act on emotions or rush into trades without proper confirmation. Only the patient and strategic will profit in the long run. Stay focused, stay smart, and play this game like a pro! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
GOLD XAUUSD New All Time High? A Cheeky Short SELL Maybe? XAU A🌟Gold has been a monster and very kind to all those who have been accumulating this precious metal.🌟 🟢 As XAUUSD approaches another ALL TIME HIGH. 🔴 A fair case can easily be made for a SHORT UP HERE. You know already I don't advocate for trying to catch tops and bottoms Buttttt... THIS TIME IT'S DIGFERNT RIGHT? lol🤣 Only kidding. In all seriousness anticipating a retracement from all time highs is always a fair trade if your TRIGGER SIGANL arrives. Risk is easy to identify x points above the new high bar test is always an option. ✅️ You know I always require a HIGHER HIGH & LOWER CLOSE when trying to catch a short reversal. Have A GREAT WEEKEND & REMEMBER manage your risk well and you will always be arround to trade another day.✅️ ⭐️No trigger No Trade⭐️ ℹ️ I will be digging into the Crypto charts this weekend so stay tunned
FOREXCOM:XAUUSDShort
by seekingpips
GOLD TODAY'S EXPECTED MOVEIn this analysis we are focusing on 2H time frame for finding the upcoming moves and changes in Gold price. So let's see what's happens and which opportunity market will give us. Make sure Bearish confirmation must important, when you execute your trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. Feel free to share your thoughts on this in the comments below. I’d love to hear your reflections. #XAUUSD 2H Technical Analysis Expected Move.
FX:XAUUSDShort
by TradeTacticsreal
BTC Long Opporunity on Daily - Continued UpTrendBTC Has been completely outpacing the dollar on a wider frame as noted by the Monthy Time Frame. After the election result BTC has reached a new level and is consolidating on the Daily though it looks innocous on the monthly time frame. These type of opportunities shows the relation between LTF & HTF and how a LTF entry can be timed as long as conviction on the HTF continuation is still fresh (dotted arrow). The same can be done as far as the exit is concerned. The daily is consolidating near the the All Time Highs on a rather ambiguous Supply Area. An idea can be to bite the bullet and enter the breakout of the smaller box. Or wait for some more visual clarity. Considering the pace of cypto market at large and the strong fundamentals supporting bullish sentiment. May be best to enter on the break and call it a day. Inspired by Bob Volman & Adam Grimes
COINBASE:BTCUSDLong
by pipsqueak316
GBPUSD - Potential Buy From Key Support ZoneThe GBPUSD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure suggests a potential reversal. The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 1.24818 level. This setup aligns with the idea of trend exhaustion near support. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario - According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it. - It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger. - A head and shoulder pattern has formed in the weekly time frame. 💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box. 💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5. 🛑 Resistance range: 6.25 - 9.38 - 12.5 🟩 Support range: 3.13 -2.35 »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Short
by alikze
1
GBPCAD Approaching Resistance – Anticipating a PullbackOANDA:GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in. I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
Short
by DanieIM
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A round up of the week on Gold which played pretty well compared to the KOG Report path suggested on Sunday. We managed to get the low, get the high, get the low again and complete the week straight into our target level which was shown on the chart. A fantastic week on the markets in Camelot. We would especially like you to look at the Red boxes and see how well the price behaves around them, using them to bounce for good entries and using them to hold price for decent exits for the swing traders. Now, we have support below 2760 with resistance 2775, this looks like it could be the potential range for the close. We're too late in the session to even consider a trade so we'll see you on Sunday for the KOG Report and our view for the week ahead. End of week: KOG’s bias of the week: Bullish above 2680-5 with targets above 2720✅, 2730✅, 2735 and above that 2745✅ Bearish on break of 2780 with targets below 2670 and below that 2766 RED BOX TRADERS: Break above 2704 for 2710✅, 2716✅, 2735✅ and 2733✅ in extension of the move Break below 2695 for 2788, 2682, 2680 and 2665 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
18
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
Stick to shorting goldDear Traders, As I mentioned in my previous update, we can still consider shorting gold around the 2785 level, anticipating a short-term pullback to the 2770-2760 range. Currently, gold has reached a high of 2785, just a step away from the previous high of 2790. At this stage, technical indicators have become less significant, with the 2790 resistance zone and the psychological level of 2800 serving as the primary reference points for initiating short positions. Although gold is demonstrating strong bullish momentum, I sense some signs of a "short squeeze." If profit-taking or a sell-off of profit-holding positions occurs, gold could experience a sharp correction. For this reason, despite the strong uptrend, I remain cautious and refrain from chasing the rally. Instead, I continue to utilize the **2790-2800** resistance zone as a basis for attempting short positions. Bros, are you still optimistic about the decline of 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
BTCUSDT Strong Push back up to retest resistanceHi Traders what do think about BTCUSDT given suggestion in comments. BTC/USDT Price expecting a pullback after the price reaches 105K If you’re looking for a buying opportunity, you could consider waiting for a rejection near 102K as a potential entry point, provided the price shows signs of reversal around that level. A few things to watch for on the 1H timeframe: 1. Price action around 102K: Look for the support at this level that suggests a reversal, like a hammer or bullish engulfing). 2.Resistance Zone if the price will up from 102K, that could indicate a strong push back up to retest resistance at 110K. If the price breaks above 110K, you could look for higher targets, but a rejection at that level might lead to another pullback. Keep an eye on the price action as it approaches both 102K and 110K for clearer signals. if you like this analysis please support my work and fallow thanks for Love.
Long
by FxJennefir
2