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Supportandresitance

Ripple can make correct move and then start to move upHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price rebounded from the support level, which coincided with the buyer zone and support line to the resistance line. After this, the price made a little correction and then in a short time rose to the seller zone, breaking the resistance level, where it some time traded and later rebounded higher. Soon, XRP broke the resistance line, but at once turned around and started to decline inside the downward channel, where it later broke the support line and soon 0.5310 level too. After this, the price in a short time declined to the support line of the channel, after which rebounded and rose to the resistance line, but at once turned around and fell to the support level. A not long time ago, the price rebounded from the 0.4890 support level and in a short time rose higher resistance line, thereby exiting from the channel. So, at the moment, I think Ripple can make a correction move, after which turn around and start to grow. Therefore I set my target at 0.5225 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
XAUUSD LONG AND SHORTHi Guys, its been a long time since i published an analysis. and I'm back again Gold sore the other day and reached the 2379 level which was the resistance, and has managed to cool off those buyers. As always there are some demand and supply levels to take trade from. Our immediate demand level would be around 53-49 which upon reaching, with confirmation we will take trades. If the level is breached other levels below would become possible long points. Those who want to go short ,currently level around 73-75 is a suitable point and above that levels 85,93,403,412,.... My view is that Before continuing higher market needs to see lower prices and demand levels to test. * As always add your own intuition and logic into this analysis and proceed with safety measures in place. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
GBPUSD: Bearish Momentum Ahead! Weekly Trading OutlookHello traders, In today's video, I'll delve deep into the GBPUSD analysis, offering a thorough outlook for the upcoming trading week. With significant developments unfolding on both the DXY and GBPUSD charts, it's imperative to dissect the possibilities that lie ahead. Stay tuned for invaluable insights that can help guide your trading decisions. Don't hesitate to drop any questions or comments in the section below. For a comprehensive analysis on the DXY, be sure to watch the May 06 video linked below. Happy trading! The_Architect
Short
by The_Archi-tect
2
EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action has some support trend-line holding it - Horizontal trendline looks like a demand zone across the years - Horizontal trendline (Red) is at the 1% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in. - Risk is further war escalation from the Israel-Iran tension Suggested Trade: Entry @ Area of Interest 1.0620 - 1.0650 SL @ 1.0589 TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.0758 Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
NMDC :: Iron Ore Rebounds?NSE:NMDC - Script sees a breach of Monthly Bearish GPZ alongside Quarterly Bearish GPZ making it a "HOT PIVOT LEVEL" to keep on radar! - Money Zones are marked alongside in 3 different shades as per the analysis from FUNDFLUX . - This "Pivot & Price" action is been seen as iron ore prices have rebounded after 2weeks of down-fall and are further expected to rise on the hope of rate cuts from the West and fresh stimulus from China. - If the trajectory remains strong supported by the anticipated news that this script can see a potential upside of 15-30% on upper levels of 255/280/310. News Article is provided below - www.moneycontrol.com
NSE:NMDC
by PivotMinati
1
AUDCAD - BEARISH CONTINUATIONPrice could possibly break back above to fill the range. Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range. Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is bearish. Again for sells I am looking for a break and retest before entering a position. Targeting 0.87825 level where I will look to close 50% and move my stops to BE, with a full TP target at 0.87555.
Short
by TheLionsShare
1
Powering the Future: Novonix (NVX) Charges Ahead ASX:NVX Novonix Limited, a company specializing in advanced battery materials and technology, has recently received a significant boost with its strategic partnership & off-take agreement with Panasonic Energy. The supply deal with Panasonic signals a strong vote of confidence in Novonix's synthetic graphite technology, which boasts superior performance characteristics compared to traditional graphite materials. With Panasonic being a prominent supplier to major EV manufacturers like Tesla & Mazda, this partnership opens up significant growth opportunities for Novonix within the rapidly expanding EV market and solidifies Novonix's position as a crucial player in the supply chain for synthetic graphite batteries, particularly for electric vehicles (EVs). Adding to the excitement, Jeff Dahn, a celebrity in the battery field, serves as the Chief Scientific Advisor at Novonix. Dahn's decision to transition from his leadership role at Tesla’s Advanced Battery Research group to advise for Novonix speaks volumes about the company's innovative vision. Notably, Professor Dahn and his research team maintain collaborations with Tesla, further bolstering Novonix's industry credibility and strategic vision. Novonix's proprietary battery testing equipment and services have garnered widespread acclaim within the industry. Their cutting-edge technology enables more accurate and efficient testing of lithium-ion batteries, addressing a critical need for battery manufacturers striving to enhance performance and reliability. In addition to its technological prowess, Novonix boasts a robust intellectual property portfolio, including patents and proprietary processes, providing a solid foundation for long-term growth and competitive advantage in the burgeoning battery market. The global push towards decarbonization and electrification further amplifies Novonix's bullish outlook. As governments worldwide enact stricter regulations on emissions and incentivize the adoption of electric vehicles, the demand for advanced battery materials is poised to skyrocket. Novonix stands at the forefront of this revolution, positioned to capitalize on the surging demand for high-performance batteries. Novonix's alignment with industry stalwarts like Panasonic, coupled with Jeff Dahn's Tesla connection and its pioneering technology, positions the company for sustained growth and leadership in the dynamic battery market. As the demand for high-performance batteries continues to soar, Novonix stands poised to capitalize on this trend, delivering value to investors and stakeholders alike. The Technicals: In analyzing the technical aspects, it's noteworthy that ASX:NVX (ASX) recently rebounded from a significant resistance level at $0.530, indicating strong buying interest. I believe ASX:NVX is at a discounted price and has great upside potential. #Bullish
ASX:NVXLong
by EgideSimba
3
WILL XAUUSD REBOUND FROM 2300 ? 💼✨Embark on a Golden Odyssey! 💫💎✨ 🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈 🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But fret not! Within the narrow confines of 2302.50 to 2294.50 lies both caution and potential. 🚀🔒 🔮 Peer into the crystal ball, and you'll catch a glimpse of the potential for an exhilarating downward correction. Yet, in this dance of fortunes, lies the essence of trading wizardry! 🌈✨ 📈 Envision this: A daring breach above the range could ignite a frenzy of buying, propelling us to the lofty peaks of 2310.50 . Conversely, if we descend below, seize the opportunity to sell and gracefully ride the waves down to 2287 and 2275. 📉🚀 🤓 Your journey through this analysis isn't just informative; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅ ✌️ Until we meet again, may your trades be bountiful and your path adorned with triumph! 🌍💫💰
OANDA:XAUUSDShort
by nathimafxreal
The Wash and Rinse To See True Support/ResistanceTrue support and resistance is found in the meat of the move, not at the extreme highs and lows. To find it, Simply draw a zone or box and look for the place that price touches the most, and then pay attention to what happens afterward. In this lesson, I set up a trade plan and show how a Wash and Rinse structure at the pivot of a swing uses the most touches to find true support in a market. I then show how to identify it. The Wash and Rinse has a process that we can follow in real-time. 1. Multi-Pivot Line (MPL) 2. Zoom through the MPL 3. Come back and retest the MPL 4. Zoom back through the MPL the other way What happens in this process, is that buyers are holding some level. Price then busts that level triggering stops and at the same time encouraging shorts to enter. Then price rips back up essentially cleaning the book of orders and showing where the true support is (at least for the time being). Once you can recognize this structure, you can begin making your own observations and use these levels to read a market or begin to build a setup around it. The most important part is to learn to design a plan with objective rules around what you observe. Shane
NASDAQ:RCKTEducation
by ShaneBlankenship
2
BTC/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price came out of the local upward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $64,988, when the price comes out the bottom, the next one is at $63,198 and then at $60,780. Looking further, we can see two important support zones from $59,393 to $57,736 and the other from $55,543 to $53,976. Looking the other way, you can see resistance at the level of $68,928 and another one at $71,390, then the resistance zone from $73,225 to $75,642 is important, where the recently formed price peak is located, only when the price leaves it the top can move towards the resistance at level of $82,402. Looking at the RSI indicator, you can see the moment of breaking from the support line, while the STOCH indicator can be seen falling below the lower limit, which confirms the current decline.
by cryptodailyuk
LTC/USDT 8HInterval Chart ReviewHello everyone, let's look at the LTC to USDT chart taking into account the 8H time frame. As we can see, the price is moving above the local upward trend line. Going further, you can see the price fighting in a strong resistance zone from $102.33 to $115.12, when we break out of this zone, we can see an increase to the resistance level of $131.40. Looking the other way, you can see the first support at the level of $91.29, the next strong support is at the level of 77.73, and then it is worth defining the zone from $68.23 to $56, which previously held the price. Looking at the RSI indicator, we see that it is moving towards the upper limit, with room to make another upward move, but at this point it is worth being cautious before a potential rebound. However, the STOCH indicator bounces from the upper limit and subsequent raises result in a higher price movement.
by cryptodailyuk