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Banana /UsdtBINANCE:BANANAUSDT ### 📊 **Current Price: 67.17** - BANANA coin is currently at **67.17**, which places it in an important price zone. This price level is crucial to watch closely for any signs of a breakout or breakdown. --- ### 🔨 **Resistance Levels: 78.72** - The **78.72** level represents an **important resistance zone**. Resistance is where the price tends to face selling pressure, making it harder for the price to move higher. - **Why this is significant**: For BANANA to continue its upward movement, it needs to break through the **78.72** resistance level. However, as you mentioned, breaking through this level is likely to be a "difficult road map." The market may experience some struggles here due to previous sellers at this price point. --- ### 🔄 **Key to Success: Break and Retest Resistance** - **Break and Retest**: This is a critical trading concept. Once the price breaks through resistance, it often comes back to test that level again to confirm that it has become new support. - **Example**: If the price rises above **78.72**, it may retrace back down to that level (or slightly lower) before continuing upward. This "retest" helps to confirm that the breakout is valid and not a false signal. - **Why this matters**: If the price fails to retest and hold above the broken resistance, it might indicate weakness, and the price could drop back below resistance, which could lead to a reversal or continued consolidation. --- ### 📉 **Support Levels: 54.35 / 48.00 / 42.34** - **Support levels** are crucial for identifying potential price floors where the market might find buying interest. If the price falls below the current level of **67.17**, the following support zones can provide critical price points to monitor for potential reversals: 1. **54.35**: A strong potential support level where buying interest might show up, preventing the price from dropping further. 2. **48.00**: Another support level where there could be buying pressure if the price falls lower. 3. **42.34**: The lowest support you’ve identified, which could act as the final line of defense for the price before a significant downward move. --- ### 🛣️ **Price Scenario Breakdown** - **Scenario 1: Price Holds Above 67.17** - If the price holds at **67.17** or rises above, the next goal is to break through **78.72**. Once this resistance is breached and retested, the potential for an upward trend increases, but patience is key. - **Scenario 2: Price Fails to Hold 67.17** - If the price fails to hold **67.17** and starts moving downward, watch for a potential test of the **54.35** support level. If this level doesn't hold, the price may drop further, testing **48.00** and **42.34**. --- ### 💡 **Conclusion: What to Watch For** - **Breaking Resistance (78.72)**: The key level to watch is **78.72**. If the price can break this resistance level and then successfully retest it, the market might continue upwards. This breakout confirmation is essential for the continuation of the bullish move. - **Falling Below Support**: If the price fails to hold **67.17** and falls toward the support zones, the **54.35**, **48.00**, and **42.34** levels will be critical. If those levels fail, further downside risk could occur. ### 🚨 **Reminder**: This analysis is not financial advice! Always perform your own research and use proper risk management in your trades. Markets can be volatile and unpredictable.
by Wolftrader1337
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
7
PGR (Long) (Weekly Income)Asset Class: Stocks Income Type: Weekly Symbol: PGR Trade Type: Long Trends: Short Term: Down Long Term: Up Set-Up Parameters: Entry: 246.66 (Confirmation Entry) Stop: 234.70 TP 282.53 (3:1) Trade idea: A price pin into a daily demand zone , Buying the breakout on the 1H TF as the price pullback and the SL at the distal line of the DZ (Conservative) . The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR with a potential for 4:1. The RSI is oversold on the 4H , showing divergence, and heading up. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: -Split the TP to 3 orders at each TP -when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free. -After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
NYSE:PGRLong
by MESHANL
2
CEG Long (Stop Limit)Asset Class: Stocks Income Type: Daily Symbol: CEG Trade Type: Long Trends: Short Term: Down Long Term: Up Set-Up Parameters: Entry: 237.90 (at the Breakout) Stop: 223.79 TP 223.79 (3:1) Trade idea: A price pin into a daily Fair Value Gap , Buying the Stop as the price pullback and the SL at the last swing low. The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: -Split the TP to 3 orders at each TP -when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free. -After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
NASDAQ:CEGLong
by MESHANL
GOLD BUY OR SELL IMPORTANT ANALYSIS?Technical Analysis: Currently, gold is trading at $2771, showing signs of potential volatility in the near term. The price has recently faced resistance around $2785 to $2790, which suggests that a correction may be imminent. I anticipate a retest of key support levels at $2758 or even $2748 before a possible rebound. Should the price maintain above these support zones, we could see gold push higher, targeting those upper levels again. Conversely, if selling pressure persists and we break below $2748, the next support level to watch would be $2730. Fundamental Analysis: On the fundamental side, gold's movements are heavily influenced by macroeconomic factors such as interest rates, inflation expectations, and geopolitical tensions. Recent economic data points, such as inflation reports and employment figures, have created uncertainty in the markets. This backdrop has historically driven investors towards safe-haven assets like gold. If ongoing economic indicators continue to signal instability, we may witness renewed buying interest in gold, pushing prices higher. However, if the Federal Reserve maintains its aggressive stance on interest rates, this could exert downward pressure on gold, reinforcing the need to monitor these developments closely. Let’s see how gold plays out in the coming sessions!
CAPITALCOM:GOLD
by goldsnipertrades
Expecting an upside breakRecently, I published an analysis on this currency pair in which I mistakenly drew the target price for wave B. Generally, corrective wave B is equal to wave A in terms of time and price, and wave B is often shorter than wave A. Currently, wave B is equal to wave A in terms of time. Additionally, the price has recently formed a triangle pattern, and it’s expected that once wave B is completed, it will break upwards from this triangle, complete wave C up to the end of the channel, and then resume its downward trend. So, we are waiting to see if the price will break this triangle upwards or downwards.
Long
by habib75rajabi
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
by habib75rajabi