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Supportandresistancezones

GBPCHF: Potential Reversal from Resistance ZoneThe market is currently approaching a significant resistance zone, highlighted by multiple previous rejections. The current structure suggests a potential bounce from this area, followed by a move lower. This zone has proven to be a strong barrier in the past, and the overall market context supports a bearish scenario. My target for this setup is around 1.12785. However, I will remain cautious and monitor for any changes in volume or structure that could invalidate this idea.
Short
by DanieIM
EUR/USD Bearish PennantThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0242 2nd Support – 1.0205 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
27
FIL/USDT Trading Scenario From the beginning of November and throughout the month, FIL, driven by the overall positive market sentiment, demonstrated confident growth from $3.125 to $8.322, an increase of over 158%. This movement was accompanied by a rise in trading volumes. Subsequently, a correction occurred, triggered by heightened volatility amid anticipation of the new U.S. president's inauguration, their statements, and the Federal Reserve's reaction to these events. As a result, the asset's price dropped to a mirror level that previously acted as resistance but now serves as support. From a volume profile perspective, this level is confirmed by market participants' interest. In the near term, moderate volatility within this range can be expected, followed by a potential price reversal, a return to the local high, and its possible renewal.
by Rick_SimpleSwap
AMD to $200 (61%) – Strong Support ends ConsolidationNASDAQ:AMD weekly charts looks very good. The trendline from March 2023 is intact and we also touched the 61.8 fibonacci from the complete move (starting in October 2023). The descending wedge could be broken to the upside today, which would be a bullish sign for a stronger move towards $200. All in all, many semiconductor stocks are currently on supports or are fundamentally more attractive than they were months ago. Fundamentally NVIDIA still dominates the AI datacenter market with a market share of over 90%. But Advanced Micro Devices is improving its hardware and software offerings. The recently released MI325X and the upcoming MI350 series could give AMD more market share with faster release cycles. First signs show significant customer interest. In addition, AMD has a more stable revenue stream from other products like CPUs and non-AI datacenters. Given the high prices of NVIDIAs products the market itself should have a deeper interest in more competition. Target Zones $135 $160 $200 Support Zones $117-$120
NASDAQ:AMDLong
by LGNDRY-Capital
1
NVDA – Buy the Dip for a Short BounceOur last NASDAQ:NVDA trade went very well. Within a few weeks we made more than 15% re-testing the ATH and generating a new one. Directly after hitting the ATH we saw a sell on good news event during the CES and the presentation of the “Home AI PC”. The perfect time to buy was yesterday minutes before markets closed. The price formed a falling wedge with a RSI divergence. Nevertheless, buying today could still give results. Target is the ATH again and invalidation point is a close below our $140 support. Target Zones $154 Support Zones $140
NASDAQ:NVDALong
by LGNDRY-Capital
1
RACE (Ferrari) – Quality has its PriceMIL:RACE has a technically interesting setup that also fits well with the weekly setup that I presented a few weeks ago. The current consolidation has once again reached the lower zone and should find support from here one more time. Recently, a significant bounce was achieved from here several times. In addition, Ferrari is moving at the daily SMA 200 line and has bounced upwards from this (as well as from the horizontal support). In the 4h chart we see a nice RSI divergence as well as a breakout from a falling wedge. Both bullish signals. Fundamentally, Ferrari is not cheap, but quality has its price. The backlog extends years into the future, the pre-order lists are full to bursting, the line-up presented is technically flawless and in demand and the cash flow is immense. In addition, the company is still family-owned (which secures the share price) and the current F1 season with Hamilton and Leclerc as the team should also be interesting. We are initially targeting the area around EUR 438 and then the previous ATH at EUR 457. This results in an ROI of 10%. Should the daily closing price fall below EUR 400, the trade would be disqualified and closed. Target zones 438 EUR 457 EUR Support Zones 400 EUR
MIL:RACELong
by LGNDRY-Capital
1
Intraday Levels for Nasdaq 100 Futures - 01/06/2025This 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
Technical Analysis on Advent Technologies Holdings (ADN)The chart for ADN clearly illustrates its performance: a rapid surge at the end of 2020, followed by a consistent decline from 2021, leading to a 99% drop in value. After reaching its lows around $1.70, the stock entered a sideways consolidation phase that lasted several months. It then staged a strong recovery with a gap away and a breakout of the descending trendline. Currently, the stock is in a compression phase, forming a Triangle pattern, with converging highs and lows. Bullish Scenario In a bullish scenario, a breakout above the triangle is required, ideally accompanied by an increase in trading volumes. The Volume Profile indicates the absence of significant resistance levels that could hinder the upward movement. Bearish Scenario In a bearish scenario, the stock would need to break below the triangle. However, the Volume Profile highlights a high-volume node represented by the rectangle, which also contains the POC (Point of Control). Before a sustained decline can occur, the stock would need to breach this strong support zone.
NASDAQ:ADN
by Giovanni_Bandini
Potentially large move on gold inbound.Gold daily is showing price rejection right in the range of $2,666.90 which is an area of confluence of resistance, Icimoku cloud, and a triangle that price has formed. Looking left I can see that the current price is a high traffic zone with many daily candles opening and closing as well as a lot of indecision. Essentially, I can see price churning to the right until Friday, January 10th for NFP. Because the price is in such a zone that it is in right now, bullish or bearish news, I predict price will push to and passed the zones in green and will most likely move to the support and resistance that I has indicated with the arrows.
FOREXCOM:XAUUSD
by windycitytraderphoenix
SUI Roadmap==>>Short-term!!!First, let's take a look at the previous BINANCE:SUIUSDT Roadmap that I shared with you on October 8, 2024 , which was well done with this analysis (I told you both the correction and the increase). The SUI token has experienced significant growth in the past 24 hours , driven by several key factors : 1- Expansion of the DeFi Ecosystem : The Sui Network has experienced a significant increase in Total Value Locked (TVL), signaling growing adoption and investor confidence. 2- Rising Open Interest : A noticeable increase in open interest indicates higher liquidity and greater participation from traders, further driving price appreciation. 3- Increase in Daily Active Addresses : The number of active addresses on the Sui network has grown, reflecting heightened user engagement and network activity. 4- Haedal Protocol Secures Seed Funding : Haedal Protocol, focused on liquid staking solutions for Sui, closed a successful seed funding round with major investors like Hashed and the Sui Foundation. Its haSUI ( PYTH:HASUIUSD ) token enables users to earn staking rewards while maintaining liquidity for DeFi activities, contributing to Sui's ecosystem growth with over $200M in TVL. ---------------------------------------------- Now let's look at the SUI token chart on the 1-hour time frame and see if we still have a chance to profit from the increase in SUI!? SUI managed to break the Resistance zone($5.00-$4.76) and seems to be completing the pullback now . According to the theory of Elliott waves , SUI seems to be completing microwave 4 of microwave 3 of the main wave 5 . I expect SUI to start increasing again after the pullback is completed, and we can profit at least +10% from the SUI token . ⚠️Note: If SUI falls below the Resistance zone($5.00-$4.76), we should expect it to fall further.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Sui Analyze (SUIUSDT),1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
NAS100 Bull BiasCurrent Market Structure: 1. Trend Analysis: • The price is still within a well-defined ascending channel. • The recent price action shows a pullback toward the channel’s midline after hitting resistance near the upper channel boundary. 2. Key Levels: • Resistance: • 21,400–21,500: Price is near this key zone, which aligns with previous swing highs. A break above this could confirm further bullish momentum. • 21,800: The next significant resistance, where a potential rejection could occur. • Support: • 21,200–21,300: Immediate support zone near the current price. A break below may lead to a retest of the channel’s lower boundary. • 20,766 (blue line): Major support that aligns with previous lows and the base of the channel. Possible Scenarios: 1. Bullish Case: • If price holds above 21,300 and breaks through the 21,500 resistance zone, there’s a strong likelihood of a move toward the next resistance at 21,800 or even the upper boundary of the channel at 22,200. • Buy confirmation: Look for bullish momentum candles or a retest of 21,400–21,500 as new support. 2. Bearish Case: • If the price fails to break 21,500 and falls below 21,300, we may see further downside toward 20,766 (blue line). • A break below 20,766 would invalidate the bullish structure and potentially lead to a deeper pullback toward 20,400–20,321. Indicators to Watch: • Trendline Interaction: The price is near the channel midline. A bounce or rejection here will determine the direction. • Volume: A breakout above resistance zones requires strong volume for confirmation. • Momentum Indicators (e.g., MACD/RSI): Watch for divergences or crossovers that might indicate a shift in momentum. Trading Plan: 1. Long Setup: • Entry: Above 21,500, after a breakout and retest. • Target: 21,800, then 22,200. • Stop Loss: Below 21,300 (midline). 2. Short Setup: • Entry: Below 21,300, after rejection. • Target: 20,766, then 20,400. • Stop Loss: Above 21,500. Conclusion: The market remains in an ascending channel, favoring bullish bias unless 20,766 is broken. Monitor price action at 21,300–21,500 for confirmation of direction.
VANTAGE:NAS100Long
by AutoMarkets
AUD/USD at a Key Support Level on the Weekly ChartThe AUD/USD pair has experienced a significant decline of nearly 11% without any substantial pullbacks since September 2024. It has now reached a crucial support level on the weekly chart at 0.6200. This recent downward movement has been influenced, in part, by Donald Trump's return to the US presidency. His administration has traditionally prioritised a “putting America first” stance, pledging to reinvigorate the economy and support American industry. Now, the pressing question is: Will the AUD/USD break through this support and continue its fall, or will it experience a bullish pullback in the coming days? The AUD/USD is currently situated in a decisive region. A break below the support could pave the way for further declines, while a successful breach of the downtrend line could initiate a more significant upward movement. Possible Bullish Scenario The AUD/USD could enter a bullish trend if the price breaks above the high of the December 31 candle, approximately 0.6240. Possible Target : The target could be set in the vicinity of the 38.2% Fibonacci retracement level, around 0.6470 (approximately 220 pips above the entry point). Stop Loss : A suitable stop loss may be placed just below the support level on the weekly chart, at about 0.6150 (approximately 90 pips from the entry). Alternative Scenario: Breakdown of Support Conversely, if the price breaks below the support level on the weekly chart, it could signal a continuation of the downtrend, potentially driving the AUD/USD down to the 0.6000 mark within a few days. Key Considerations Investors should remain vigilant regarding upcoming macroeconomic data releases from both the US and Australia, as well as any initial decisions made by President Donald Trump following his return to office. These factors could significantly influence the direction of the AUD/USD pair in the near term. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure. If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs. Levels to watch: $90 Keep your long term vision, Philip - BasicTrading
NASDAQ:MULong
by basictradingtv
38