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Supportandresitance

at least a meal treat for the weekend!FX:HKG33 Hello everyone, from the D chart, the index seems dancing within the dancefloor. From 1h chart today trade plan : same old same old strategy sell into resistance and buy at support. From the shorter tf we can notice probably end of the week and index seems giving meal treat. 🥩 🦃. For the first hours from the MACD signal and KDJ it seems bullish. Long for the first half; continue to monitor see if it breakthrough 19975/20000. Happy trading everyone! Stick to your plan, set your SL/TP. Let's zen with 📙 and 🍵 while waiting for the meal treat and show your gratitude and love the Index although sometimes it doesnt go according to our plan. 🥂
FX:HKG33Long
by ChenQianYu
Do you see what I see? Uncle Roger quote: Haiya!FX:HKG33 Hello everyone! Do you see what I see? Haiya! not sure if the overnight fed news probably injected more booze; the Index seems continues to hangover and not gonna sober anytime soon. 4h chart Price movement - Bearish MACD Signal indicator : Bearish D chart no sign for bullish, the reversal seems not happening that soon. To gain some pocket money, from chart we do not go against the trend. Same old strategy - sell into resistance today. Be cautious if the reversal happens this week, tomorrow is the end of the week. As of writing, the index loss around 250++pips ; down around 1.45% this week. See W chart: Happy trading everyone and the Santa actually is there always, you can long/short for the 🎄 📦. Let's be cautious to protect our capital unconditionally while monitoring the movement let's Zen with 📙 & 🍵!
FX:HKG33Short
by ChenQianYu
Potentially a good time to switch from BTC to ETH.Hi all, let's look at the 1W ETH to BTC chart, in this situation we can see how the price is moving below the downtrend lines, in this situation we have several such lines which also indicate strong resistance places for the price in a given move. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels: T1 = 0.04504btc around 21.5% T2 = 0.05346btc around 44% T3 = 0.06004btc around 61.5% T4 = 0.06652btc around 79% T5 = 0.07623btc around 105% Now let's move on to stop-loss in case the market continues to fall: SL1 = 0.03166btc SL2 = 0.02213btc SL3 = 0.01612btc On the RSI indicator, we have a visible movement at the lower end of the range, which could potentially indicate an upcoming increase, here it is worth watching the trend line under which we are moving, because the moment of approaching it gives a renewed price recovery.
by cryptodailyuk
the hangover hit quite long isn't it?FX:HKG33 Hello everyone! The index seems got some booster? D chart shown that the MACD Signal lines are both are closing the gap and touching the zero line. Price : 19700 - 19730 is the support level We do not know if this is gonna be bullish or bearish. How to cross-check and confirmed? Let's deep dive into smaller tf:- 4h chart On 9Dec2024 we can see the Golden Cross from MACD indicator. Infact the index did surged for that day but it did not last long. As you can see the Dead cross on 11Dec2024 as marked in chart for easy reference. 1h chart as marked 12Dec2024; the MACD signal formed a Dead cross crossing down the zero line which confirmed it was in a bearish zone. This bearish mode has continue till date. However, you can see the indicator starting contributing green histrogram and the MACD line is curving up and touching zero line, as mentioned we are hoping that there is attraction for volume to realize the reversal. So we have to monitor closely and see if we can ride on the reversal. Support level at ¬19700. The Index will continue to test this support level. BB : we can see the movement is slowly curving up, and hopefully this continue together checking and confirming with the MACD curving up trend. Also to look at the KDJ, although is in bullish green zone but the indicator seems curving down. Swing trade plan buy into support sell at resistance and set your SL/TP. Trade according to your tf ; set your entry/exit plan accordingly. Support Level ; 19700, 19520, 19315(another key support level) Resistance Level : 19900,20050-20250 Happy Trading Everyone! Let's execute our zen strategy and zen with 📙 and 🍵.
FX:HKG33
by ChenQianYu
MKR/USDT what’s next?Hello everyone, let's look at the 8h MKR to USDT chart, in this situation we can see how the price broke out of the upward trend line and the attempt to return above it turned out to be unsuccessful. A downward trend line is visible locally and the price remains below it. Currently, a correction is visible, but when the trend reverses, resistance levels are visible at the following levels: T1 = $1955 T2 = $2,172 T3 = $2,487 T4 = $2723 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1591 SL2 = $1,369 SL3 = $1118
by cryptodailyuk
not yet sober; continue with bearish sentiment. Resistance level : 20070-20090 Support Level : 19670 - 19568 If breakdown thru 19303 the next bus stop will be 19080 i.e 🆘 level as you can see from 1h chart. Tradeplan : buy into support and sell at resistance, set your SL/TP. From today macro overview, most of the traders likely to short the index. To trade for 100-150pips profits for tomorrow and within this week for 200pps is feasible. Remember your SL and locked in profit. tradingview.com/news/mtnewswires.com:20241216:G2446630:0-hong-kong-stocks-extend-slide-on-disappointing-chinese-economic-data-ganglong-china-property-slumps-10/ The Hang Seng Index fell 0.88%, or 175.75 points, to close at 19,795.49. For D chart We are hopeful to see the reversal; the MACD Signal is now breaking above zero level and although the KDJ still in bearish zone. Let's continue to monitor; while waiting for more positive news and hopefully Santa remember to drop by the index chimney to give it a boost we shall zen with 📙 and 🍵! Happy Trading Everyone!
PEPPERSTONE:HK50Short
by ChenQianYu
1
Is AUD/NZD Ready to Resume the Downtrend on the Daily Chart?Context on AUD/NZD Technical Factors On July 30 and November 22, the AUD/NZD pair encountered significant resistance, reaching the 1.1150 level. The price's failure to break above this resistance has resulted in the formation of a double top on the daily chart. The candle on November 22 also indicated a false breakout of this resistance, signalling a notable influx of selling pressure. On November 29, AUD/NZD broke below its nearest uptrend line on the daily chart, prompting a decline to 1.0925 before recently rebounding to 1.1050, the level where the uptrend line was breached. The current price level of 1.1050 aligns with the 50% Fibonacci retracement of the recent decline and represents the same area where the uptrend line breakout occurred. This suggests that once support is broken, it may serve as resistance going forward. Key Elements of Analysis for AUD/NZD: Double Top Formation: Indicates buyers’ inability to maintain prices above 1.1150. Break of the Uptrend Line: Confirmed decrease in upward momentum. Fibonacci Confluence: The breakout level coincides with the 50% Fibonacci level of the recent downtrend. Possible Short Entry Given this confluence of factors, there is a possibility that AUD/NZD may resume its downward movement in the coming days, especially if the price manages to close below 1.1000 on the daily chart. Possible Targets: The next support levels that could serve as potential targets include: 1.0880: This level acted as support in August and September, representing an approximate target of 120 pips. It is also in line with a rising trend line established since March 2020. 1.0780: This level was a support point on September 9, offering a potential target of approximately 220 pips. Alternative Scenario: Bullish Reversal An alternative scenario may unfold if the AUD/NZD breaks and closes above 1.1065 on the daily chart. In this case, the price could continue to rise towards historical resistance at 1.1150. A successful breach of this level could see the pair advance towards the next resistance at 1.1250. Important Considerations Investors should pay close attention to the upcoming release of New Zealand GDP data on December 18, as this could significantly impact the AUD/NZD pair. Additionally, key news concerning the Trade Balance for NZD should also be taken into account. In summary, AUD/NZD is at a critical juncture, with technical indicators suggesting the potential for a downward move. Traders should closely monitor price action, particularly around the 1.1000 level, while remaining aware of upcoming economic data that could influence the market. 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.
Short
by Marketscom
The booze seems quite strong; the hungover continue aft party!FX:HKG33 hello everyone TGIF! Trade plan for today before end of the week. It continues to dance btw range as shown in chart : 19800 - 20500 (1h Chart) To trade using smaller range tf. For the week it's still a small gain. Shorted earlier hoping to take some profit for 🎄 weekend meals. ☺ Again to set your SL/TP level. 4H Chart The 4h chart showing the index is still on the bearish zone. Happy Trading and have a good weekend everyone! while waiting toTP let's continue to zen with 📙 and 🍵!
FX:HKG33Short
by ChenQianYu
Is The Reversal End? Will the rebound party last?FX:HKG33 Is the Index rebound strong? Based on the 1h chart, you know the answer. What is the range to look out for? 10EMA crossing down 52EMA on 1h chart. Not good. MACD signal break through zero line level indicate bearish mode. Histogram bearish color in deep red like the index. Required "blood/live" to boost. From the Money Flow Profile : 20208.39 level shown the selling pressure with huge volume. You know where to get the indicator and how to read it. KDJ Indicator, kind of confirming the bearish zone for the hour. Consolidation area : 19750-20300(the index dance between the rangebound) as mentioned in previous post reaccumulate at 19730-20300. D Chart Price 20165.88 closed below 52EMA - 20354.18 (Down 171.28; -0.84%) For the Week, as of today - it is still gaining 391.15 +1.98% from Open : 19,774.73 on 9Dec24. Let's continue to monitor and see if the authority fiscal policy benefit and boost the reversal. Happy Trading!
FX:HKG33
by ChenQianYu
Key Support Level! FX:HKG33 Hi everyone, did you managed to ride on yesterday the fireworks and joined the party? If you are following the movement of HSI then probably you are in the game and able to catch the short term fireworks Bull :) Yesterday the Index seems being injected with stimulant - based on HKG33 (surged 1,013.46; +5.13%) Let's look together at the D,4h & 1h charts where they've had given us signal of the boost. D Chart 4h Chart 1h Chart - Price is moving downwards closing to the 52EMA (20137) - MACD Signal with Deadcross and KDJ at bearish zone However, as mentioned in previous post my personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. As you can see, today the candles seems tired after the stimulant boost for the party. Then, did you managed to short for the reversal for some pocket money? :-) Trade Plan - Day Trade : Swing Lo: 20290-20800 (Long at support and short at resistance depends on your own tf) Swing Trade : 2 days - 5days : Swing Lo:21350 Swing Hi :18960 Re-accumulate at/below 19730-20300 level. Please note that 19730 & 20300 are keys support/resistance level. Remeber to put your SL for traders. Longterm Trade : With the recent China govt calls for proactive fiscal policy in 2025 (appropriately loose monetary policy), it's confident and confirmed that both China and Hong Kong markets will benefit and the reversal is for real. We can start to expose and accumulate more in both countries. For HSI to break the range 22900-23275 and make new ATH would be very soon. Happy Trading everyone! Let's continue to monitor the Index movement and dont forget to follow your zen trading strategy. Trading is a lifelong learning path , continue to practice and master the skills by reading 📙 and 🍵. Reading helps to form a good habits for thinking and sometimes is a good method for distraction (not to keep looking at chart) once you have set your TP/SL following your strategy. :)
FX:HKG33
by ChenQianYu
DXY seems going HIGHER as STRONG ECONOMIC DATATVC:DXY currently traded higher after strong economic data last Friday. NFP data told us that US labor market remain strong. We also can see at Tuesday Job Opening data which showed us "higher than expected - higher than previous month" and finally drives the price up. At the last speech, Powell also said that FED isn't in a rush condition to reduce the interest rate. All of this information gives more optimism to big player in the market to buy dollar. Technical analysis in the picture tells TVC:DXY failed to make breakout movement below weekly trendline support and seems continue to move to it's last high around 106.75. If this resistance can't hold the price, it will be double bottom chart pattern and could move dollar to it's 22 Nov high around 108.xx So currently i saw buy opportunity for dollar and sell opportunity in the counter currency of dollar.
TVC:DXY
by vicariuzchrist
All Time Highs on the Horizon!!!Price is on a Bullish Up trend In a Current Retracement. This Thesis uses several different concepts. Based off of Market structure, support & resistance, RSI Divergence, Fib lvl's, ICT Concepts, Daily: Bullish, Price is Rejecting Bullish TL and Testing structure , 61.8 prz (Daily Breaker Block forming) H4: Bullish, Morning star R Pattern at H4 lvl H1: Bearish (Wait for price action to return Bullish before entering) Thesis: Looking for price to bullish break H4 lvl to order block and retest back to daily lvl 20595 / previous structure high zone, for bullish entry. Notes: price has a overall retracement 61.8 prz Price rejecting off bullish Trend line Price rejecting 4H FVG H4 Hidden Bullish Divergence Daily Bullish Breaker Block Cons: -4H could be a Head and shoulders Pattern if price rejects and doesn't break through Daily lvl 20595 Wait for H1 Time frame and Execution time frames to line up with macro Bullish Trend before Executing! TP1: 21,150 TP2: 21,468 (ATH) TP3: 22,242 Stretch Goal (ATH)
PEPPERSTONE:NAS100Long
by brianfj
29
Amazon - Breaking Trade 12/4/2024There was a great breakout trade opportunity on Amazon's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. Eventually, a breakout occurred with a strong bullish candlestick, confirming buyers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone. After the breakout, the price retraced back to the resistance zone, which then acted as support. Notice how the price tested this zone but failed to close below it, indicating that buyers remained in control. The optimal entry would occur when the price breaks above the high of the retracement candle, confirming the continuation of the bullish move. This approach allows for a more precise entry, reduces risk by setting a stop-loss below the support zone, and offers a better reward-to-risk ratio as the trend resumes upward. It’s a textbook example of a breakout-retest setup with confirmation. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
NASDAQ:AMZNLong
by Alexandre_Saldanha_
Berkshire Hathaway - Breaking Trade 12/3/2024There was a great breakout trade opportunity on Berkshire Hathaway's stock, enhanced by a refined entry strategy. The red zone highlights a key support level where the price struggled to break through. Eventually, a breakout occurred with a strong bearish candlestick, confirming sellers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone. After the breakout, the price retraced back to the support zone, which then acted as resistance. Notice how the price tested this zone but failed to close above it, indicating that sellers remained in control. The optimal entry would occur when the price breaks below the low of the retracement candle, confirming the continuation of the bearish move. This approach allows for a more precise entry, reduces risk by setting a stop-loss above the resistance zone, and offers a better reward-to-risk ratio as the trend resumes downward. It’s a textbook example of a breakout-retest setup with confirmation. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
NYSE:BRK.BShort
by Alexandre_Saldanha_
Ambev - Breaking Trade 12/03/2024There was a great breakout trade opportunity on Ambev's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. Eventually, a breakout occurred with a strong bullish candlestick, confirming buyers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone. After the breakout, the price retraced back to the resistance zone, which then acted as support. Notice how the price tested this zone but failed to close below it, indicating that buyers remained in control. The optimal entry would occur when the price breaks above the high of the retracement candle, confirming the continuation of the bullish move. This approach allows for a more precise entry, reduces risk by setting a stop-loss below the support zone, and offers a better reward-to-risk ratio as the trend resumes upward. It’s a textbook example of a breakout-retest setup with confirmation. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
BMFBOVESPA:ABEV3Long
by Alexandre_Saldanha_
BNB/USDT 1D interval Hello everyone, let's look at the current BNB situation considering the one-day time frame. In this situation, we can see how the price moved dynamically and decisively upwards. Currently, we can see how the price has rebounded from the strong resistance level at $808, while the next important resistance level is $921, which may pose a very strong resistance to further movement towards $1,234. Now let's move on to the stop-loss in case the cryptocurrency market undergoes a correction. SL1 - $731, SL2 - $670, SL3 - $591, SL4 - $540
by cryptodailyuk
Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment. In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1