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Supportandresistancezones

Critical Levels in Focus: PENGU at 0.02450 Support BINANCE:PENGUUSDT is currently trading near a significant support level at 0.02450 , which has historically acted as a key zone for price rebounds. This presents a potential buying opportunity for traders watching this level closely. For those seeking confirmation, waiting for a break and retest of 0.02670 could provide stronger validation for an upward continuation. This would offer added security to the trade setup. The stop-loss for this trade is placed at 0.02239 , as a price closure below this level would invalidate the bullish scenario and indicate potential downside movement. The target is positioned at 0.03587 , the nearest strong resistance, providing an attractive risk-reward ratio for this trade idea. 👨🏻‍💻💭What’s your take on PENGU? Share your perspective in the comments below! __________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
2
GOLD/XAUUSD Aiming for New Highs? While the US and BRICS (Brazil, Russia, India, China, and South Africa) aren’t in a formal trade war, tensions are rising. BRICS nations are working to reduce reliance on the US dollar, challenging its dominance in global trade. This “de-dollarization” effort and geopolitical shifts, like sanctions on Russia and US-China disputes, are fueling uncertainty. The USD surged by over 7.1% and was the only currency to see a positive growth in 2024. What This Means for Gold? Gold thrives during uncertainty. As BRICS push for alternatives to the dollar and tensions with the US escalate, demand for gold could rise: Hedge Against Currency Risks: If BRICS reduce dollar usage, the dollar might weaken, boosting gold’s appeal. Geopolitical Tensions: Gold is a safe-haven asset investors flock to during economic instability. Global economic shifts are driving gold’s narrative. Trade wisely! Apex out!
OANDA:XAUUSDLong
by Apexfx_Alpha
ARTYUSDT Approaching Key Support Level OKX:ARTYUSDT is approaching a key support level at 0.60, a zone where the price has historically reacted. The market structure remains bullish, and we are watching for a move toward the 0.69 level or a potential breakout of the descending trendline. If the price successfully breaks these levels, the target is set at 1.50. However, if the 0.60 support fails to hold, the setup becomes invalid, and the next area of interest would be the 0.40 level, which presents a strong opportunity for long-term accumulation. 👨🏻‍💻💭 What are your thoughts on this setup? Let us know below! __________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
Is ZENUSDT Ready for a Reversal or More Downside? BINANCE:ZENUSDT is nearing a key support zone around 18.00, which has been a reaction level in the past. The EMA ribbon is bullish, and the Signal Builder has previously sent buy signals. The market structure remains bullish, as the price has broken above the last significant high. A potential trade setup involves waiting for the price to test the 18.00 level. If the level holds, the next target is 39.00. However, if the price breaks below 18.00, the setup becomes invalid, and the 6.00 level could serve as a long-term accumulation area. 👨🏻‍💻💭 Do you think ZEN will hold the 18.00 level or drop further? Let’s discuss! __________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
RUNEUSDT at a Crucial Level: What’s Next? BINANCE:RUNEUSDT is trading at a critical support and resistance zone around the 3.269 level, a price point that has historically acted as a reaction area. Bullish continuation: Look for a break and close above the swing high at 4.141. Price needs to maintain above the 3.269 level to confirm support. Bearish scenario: A close below 2.538 could trigger bearish momentum. The 3.269 zone might flip into resistance. This setup highlights the importance of these levels as the market decides its next move. 👨🏻‍💻💭 What’s your outlook for RUNE? Will it hold this key level or break down? Let me know your thoughts! __________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
by 3Commas
New analysis on CADCHF OANDA:CADCHF we are have bullish push in last periods, ASCENDING CHANNEL is visible, its be breaked, price is make push around 40PIPS and its start reversing at end my ex. analysis on CADCHF i am CANCEL. Currently price again pushing on same zone from last idea-strong zone(violet line), +H&S pattern looks like will not be continued after its have confirmation, which for me here is one more sign for bullishness. NOTE: Analysis on CADCHF before this one will be attached SUP zone: 0.63200 RES zone: 0.64000, 0.64200
Long
by DepaTrading
Intraday Levels for Nasdaq 100 Futures - 01/22/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Intraday Levels for Nasdaq 100 Futures - 01/21/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
GBPCAD - Bullish Setup at Key Support ZoneThe GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level. This setup suggests a possible short-term rebound in line with the broader market structure.
Long
by TrendDiva
NZDCAD - Potential Long from Support ZoneThe NZDCAD pair is currently approaching a significant demand zone near the 0.80200 level. Historically, this area has acted as strong support, leading to bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would support the likelihood of a move upward. If the scenario materializes, the price may head toward the 0.81438, where sellers might step in again. This setup aligns with a potential short-term rebound within the broader market structure. Traders should wait for confirmation of buying pressure before considering long positions. What are your thoughts on this outlook?
Long
by TrendDiva
Intraday Levels for Nasdaq 100 Futures - 01/16/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Boeing is ready for next leg up to $200On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month. After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus. Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike. If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now. Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI). Target Zones $198-200 Support Zones $165 $160
NYSE:BALong
by LGNDRY-Capital
1
GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher. I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Long
by DanieIM
ADBE near Confluence Support - 33% ROI PossibleNASDAQ:ADBE is currently nearing a confluence support (an area where multiple support elements are combined) at around $410-$420. Nevertheless, opening a first position right now is already an option given the attractive valuation and the horizontal support (blue zone). In addition there are two big daily gaps (red zones) above the current price giving us some potential pulling factor towards $580. The trendline you can see is very weak and has only two real re-tests in October 2022. So, take that with a grain of salt and try to concentrate more on the horizontal support and the $410-$420 area (61.8 fib). Looking at fundamentals (I know most of you are not really interested in such things, but they do help with swing trades) we can see a price-to-sales ratio of 9.xx suggesting upside of 50% when comparing it to the long-term average of 14.xx. ARR increased 23% YoY to $3.48B. In terms of AI, firefly generated more than 16 billion assets so far, and FY24 revenue increased by a little more than 11% to $21.51B. Current PE ratio is just short of 22. So, adding here and more towards that $410 will give us a huge potential ROI over the next couple of months. Support Zones $440 $410-420 Targe Zones $540 $580-600
NASDAQ:ADBELong
by LGNDRY-Capital
2
MSFT – Potential Buy Opportunity at Support LevelThe MSFT stock price is approaching a key demand zone, which has served as strong support in the past. This zone has witnessed significant buyer interest during previous tests, making it a critical area to watch for a potential reversal. The current downtrend could find support in this demand zone, leading to a bullish bounce. If the price shows clear reversal signals, such as long lower wicks or bullish engulfing candles, buyers could push the price higher. The first potential target for this move would be around the $433.25 level. What do you think about this analysis? Feel free to share your insights or alternative perspectives in the comments!
NASDAQ:MSFTLong
by DanieIM
SMLT 1D Aggressive Investment CounterTrend TradeAggressive CounterTrend Trade - short impulse + biggest volume T1 + support level + biggest volume 2Sp+ + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit CounterTrend 1M "+ short impulse + biggest volume TE / T1 level + support level + biggest manipulation?" Trend 12M "+ SOS test level - far below 1/2 correction + support level + biggest volume manipulation?" They say company is going to bankruptcy, but why would it concern technical analysis?!
RUS:SMLTLong
by MishaSuvorov
Weekly GEX Insights: 01/13 SPX dropTotal Correction? What Can an Options Trader Do in This Situation? How Far Might We Fall This Week? We’ll tackle these questions in this week’s options newsletter! It looks like the new president hasn’t even been sworn in yet, but the market is already reacting with fear to every statement he makes. Last week’s economic data didn’t help ease those concerns either. SPX Weekly Analysis Friday’s red candle set a bearish tone heading into this week. Everyone is predicting and pricing in a potential market apocalypse, and I keep getting the same question: “Greg, how far can we fall?” My answer remains the same: we can fall indefinitely—nobody can know for certain ahead of time. What we can do, however, is analyze our charts and use the our weekly GEX profile to identify the key levels, so we can better understand the market’s dynamics. Examining expirations through Friday, every NETGEX profile is negative , so we can expect volatile movements this week. We’re currently trading below the HVL level, which means that market makers are likely to move in tandem with retail traders. This typically results in bigger swings. We already saw this heightened volatility last week—just look at the size of the candles, and you can tell how quickly sentiment can shift. Below 5965 (the HVL level), we are in a high volatility zone what lies underneath? 1st Support Range: 5780–5800 5800: Currently the strongest PUT support level on the downside. A correction may pause here due to profit-taking. Right beneath this level is the previous gap-fill zone. Remember, these areas function as ranges rather than single lines, as I’ve highlighted down to 5780. This could easily be a take-profit target for traders playing gap fills—an approach that’s quite popular. 2nd Support Range: 5700–5650 (Very Strong) Starting at 5700: We encounter another robust PUT support zone. This area is reinforced by previous lows, previous highs, and the 4/8 grid boundary from our indicator. Even if nowhere else, many expect at least a local rebound to occur within these levels. Putting it all together, it’s clear that the weekly trading range is shaping up to be roughly between 5680 and 5965, expecting big & volatile moves. Remember, CPI and PPI data are coming out on Tuesday and Wednesday, which could trigger additional volatility. When looking at SPX, SPY, or /ES futures, my opinion is that the rapidly spiking implied volatility (IV) during a market drop, along with a PUT pricing skew, can present favorable opportunities for options traders. The distance to the strongest lower support zone is around 100–150 points, so you could: Trade directionally for the short term—hoping to be either right or wrong quickly, or Try to profit from the market situation in a more strategic way (which is what I typically do). Personally, I prefer the second approach: I’ll open short-term (a few days) credit put ratio spreads for a small credit, which gives me a wide breakeven range and a big “tent” on the downside.
SP:SPX
by TanukiTrade