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Gold can drop to support level, breaking resistance levelHello traders, I want share with you my opinion about Gold. On this chart, we can see that the price rebounded from the mirror line and began to rise. Shortly after, it reached the support level, broke it, and hovered around this area for some time before dropping back to the mirror line. Later, the price broke through the support level once again and started trading within a range. During this phase, it climbed to the resistance level, which aligned with the seller zone, before pulling back to the mirror line. Gold then dipped into the buyer zone but quickly surged above the mirror line, entering the seller zone. After this movement, XAU corrected below the mirror line before resuming its upward trajectory. Not long after, the price reached the resistance level, broke through it, and exited the range. For some time, Gold traded above the seller zone, but recently, it dropped and is now hovering near the 2930 resistance level within the seller zone. I believe that Gold might rise slightly before continuing its decline, eventually breaking the resistance level. Additionally, I anticipate that after the breakout, it could extend its decline toward the 2865 support level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
3
Euro can drop from seller zone to 1.0350 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can observe that the price was moving within a downward channel. After bouncing off the resistance line, it quickly dropped to the 1.0480 resistance level. It then broke below this level and continued to decline inside the channel until eventually breaking out and transitioning into a ranging phase. Within this range, the Euro dipped into the buyer zone, even slightly below it, before reversing and making a strong upward impulse toward the resistance level, briefly entering the seller zone. After that, the price dropped back into the range and soon made a sharp gap down, returning to the buyer zone. However, following this movement, the Euro started to rise again, climbing back to the 1.0480 resistance level in a short period and forming another gap in the process. The price even touched the seller zone before pulling back slightly and is now hovering near the 1.0480 level. Given this setup, I anticipate a rejection from the seller zone, leading to a decline. Based on this, my TP is set at 1.0350 within the range. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Euro will break resistance level and continue to grow nextHello traders, I want share with you my opinion about Euro. A few days ago, the price was trading within a range. It dropped to the seller's zone but immediately rebounded to the upper boundary of the range. Shortly after, the price began to decline, falling below the resistance level, breaking it, and exiting the range pattern. Following this move, the price dropped to the support line and continued to hover near it. Occasionally, it bounced back toward the resistance level but quickly reversed downward. The Euro continued to fall, reaching 1.0175 and breaking through the support level, which aligned with the buyer's zone. From there, it began to climb near another support line. Later, the price broke the support level once again but then rallied to the resistance level, breaking through that as well. Afterward, EUR formed its first gap, followed by a sharp drop to the buyer's zone, creating a second, stronger gap and breaking the support line. Subsequently, the Euro started to climb within an upward channel, where it formed a third gap. At the moment, it remains in this upward trajectory. Based on this, I believe the Euro will continue to rise within the channel and eventually break the resistance level. Once the breakout occurs, I expect the price to maintain its upward momentum, so my TP is set at 1.0550. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
JUPUSDT Swing Long IdeaJupiter is the second largest DEX on Solana and its price has been ranging for almost 1 year. If all of crypto is getting ready to bounce JUP looks primed to breakout of the range, RSI is crossing above the RSI MA and midpoint, MFI is crossing above the midpoint, JUP has outperformed TOTAL according to MA Based relative performance, We recently saw the largest ever volume and volume MA. All of this makes me think JUP wants to breakout from this range soon, hopefully TOTAL and BTC will allow that to happen.
Long
by AltcoinDreaming
HelenP. I Gold will rebound up from support zone to $2940 pointsHi folks today I'm prepared for you Gold analytics. Not long ago, the price entered a consolidation phase, where it initially climbed toward support 2, aligning with the support zone and even pushing slightly higher. Afterward, Gold dropped to the trend line near the lower boundary of the range and began oscillating around this line. Shortly after, Gold dipped below the trend line but surprisingly continued to climb and eventually broke out of the consolidation. The price then retested support 2 and rapidly advanced toward the trend line, followed by a brief correction before moving back to the trend line. Soon, Gold broke through this trend line near support 1, which also matched the support zone, and completed a retest. Following this, Gold rebounded to 2945 points before pulling back to the trend line for a correction. Recently, it broke the trend line again. At the moment, I anticipate that XAUUSD will drop to the support zone and then rebound, aiming for 2940 points while breaking back above the trend line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
6
GBPCHF: Range BreakoutThis range breakout follows the same pattern as my other idea on CADCHF. In a very similar fashion, price has been in a range since September 2024. The upper range boundary has shown signs of weakening or breaching a couple of times over the past few months. However, price recently closed above this range level over the past two days, which indicates a higher probability of sustained breakout. The daily ATR is currently 64.3 pips. This sets my trading parameters at TP 32 and SL 64. Note that I'm only targeting 0.5x ATR because I scale into positions, but I also want to ensure I'm able to secure a profit with minimal holding costs.
Long
by FinancialGamblR
BTC CPI 1H (Jan) CPI (YoY)- PREVIOUS: 2.9% FORECAST: 2.9% ACTUAL: ?? Consumer price index data release rolls around once again, this time the forecast is no change (0.0%) remaining at the same December 2024 level of 2.9%. It is important to note that after this data release there isn't any further news events of note until next month so BTC no planned interference from data releases. As we go into the data release volatility on the LTF is common and so maybe we'll see a break of this painful trend bitcoin has been stuck in since the sell-off event. With that in mind here are some entry ideas for longs and shorts: Long: - The safest option/ highest probability would be a breakout from the bearish downtrend, a retest as new support and begin the move up back towards RANGE HIGH. - A sweep of the green bullish OB zone with a tag of the lower bearish trend line. A good R:R IMO with the first point of interest being the LOCAL RESISTANCE/ bearish trend high. Short: - The bearish scenario would be a loss of the $91K support level that has held for the last 10 weeks in a row and is the daily range low. If price accepts under that level things could get ugly as there is no support until $85K.
by ProR35
4
Bitcoin may drop to support line before reboundingHello traders, I want share with you my opinion about Bitcoin. We can observe how the price entered a range when analyzing the chart. It initially dropped to the support level, aligning with the buyer zone at the lower boundary of the range. After spending some time trading near this level, the price dipped further into the buyer zone but quickly rebounded, rising to the upper boundary of the range. Following this, the price reversed and fell back into the buyer zone, where it consolidated for a while before climbing back into the range. Shortly afterward, Bitcoin rallied to the resistance level, corresponding to the seller zone, breaking out of the range and eventually surpassing the 104600 level to reach a new all-time high (109000 points). However, BTC then began to decline within a downward channel, where it broke below the 104600 level again and dropped to the channel’s support line. Although the price attempted to recover, it failed and rebounded from the seller zone back to the buyer zone. Subsequently, the price moved back into the channel, creating a false breakout, and continued its downward movement within the channel. Given the current structure, I anticipate that BTC might drop to the channel's support line before initiating a new upward movement. Based on this outlook, I’ve set my target price (TP) at 101300 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
23
BTC, time to prepare for the range breakout!Hello everyone, I detected some interesting patterns in the current Bitcoin daily chart. The first range boundary was set mid of November 24, the upper range boundary on Dezember 17. The retest of the lower boundary was at January 13. Maybe you realise the time between the price events is very similiar, so I would expect to see a breakout to happen around the 10th of February (+/- 5 days) . This aligns very well with the seasonal pattern (February is the strongest month for BTC in historical data). Also we are printing higher lows and are back in the upper part of the range, which is a good position to get ready for the breakout. Targets in the region of 120k are very likely within the next weeks. This aligns very well with the wave count I follow for a while now. You can see the bigger picture in other ideas I published.
INDEX:BTCUSDLong
by Kyrean
Euro can rise to resistance level inside broadening wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded inside a range, where it rebounded from the support level and started to grow to the resistance level. When the Euro reached a resistance level, it broke it, thereby exiting from the range and entering to seller zone. Then the price rose a little more, made a first gap, and then started to decline inside the downward channel. In the channel, the price broke the 1.0465 level and fell to the support line, which continued to fall near and later rebounded up to the seller zone. When it reached this area, the price at once backed up to the channel and continued to fall next. But soon, the Euro made a strong second gap, thereby exiting from the channel and declining below a support level, breaking it. Next, the Euro started to grow inside a broadening wedge, where it rose to the buyer zone and soon broke the support level one more time. After this, the price continued to grow, until it reached 1.0445 points and then started to decline. Now price trades near the support line of the broadening wedge and I think that the Euro can rebound from this line and start to grow to the 1.0465 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
Porsche (PAH3): German Auto Industry under pressureLooking at Porsche on the monthly chart, we’re analysing its entire price history since becoming a publicly listed company in April 2001. After a massive rally to its peak at €160, the stock experienced a sharp decline back to its IPO levels. Since then, it has traded within a well-defined range between €94 (range high) and €35 (range low), with the mid-range around €65. Each time the range low was reached, the price subsequently moved back toward the range high, demonstrating the typical characteristics of a range-bound market. Now that Porsche is back at the range low, coupled with the RSI at its second-lowest level ever, we see this as a strong opportunity to gain some exposure to the German automotive market. Admittedly, the German auto industry is under pressure, with Porsche's deliveries to China down 29% year-over-year. Chinese EVs are currently outpacing German luxury cars in technology, making it difficult for Porsche to regain market share. However, this level represents one of the best opportunities for a swing trade. If the range low is broken and prices drop to COVID-era levels, Porsche would face significant challenges, requiring major developments to recover. For now, we expect a move back toward the range high over time. While this is a long-term play given the monthly timeframe, it offers a promising swing trade setup. Key Levels: Range Low: €35 Mid-Range: €65
FWB:PAH3Long
by freeguy_by_wmc
2
eth midterm range"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
Bitcoin can turn back to the seller zone from the support lineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago reached a resistance level, which coincided with the seller zone, and then dropped to the support level, which coincided with the buyer zone, and then started to trades in the range. In range, BTC at once rebounded from the support level and tried to grow, but failed and fell back. After this, the price bounced up and then turned around and declined to the buyer zone, after which started to grow. A short time later, Bitcoin rose to the top part of the range and then dropped to the buyer zone back, making a fake breakout of the support level, and then turning back to the range. Price sometimes traded near the 93200 level and later broke it, exiting from the range also and falling to 90800 points. Then BTC made a strong impulse up from this point and rose to almost resistance level, which coincided with the seller zone, after which corrected to the support line. Then BTC rebounded up from this line and rose to the seller zone, reaching a new ATH (109K), and soon fell back to the support line. But recently price bounced from this line and started to grow. So, for this case, I think that BTC can fall to the support line and then rebound up to the seller zone, breaking the resistance level. That's why I set my TP at 109500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
Euro will exit from pennant pattern and rise to 1.0400 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time traded inside the range, where it declined to the resistance level, which coincided with the seller zone, and then dropped to the support line, breaking the 1.0460 level. Then price turned around and started to grow near the support line until it reached the resistance level, after which it turned around making an impulse down, breaking the support line, and entering to buyer zone. After this movement, the Euro bounced from the buyer zone and started to grow to the resistance level, but when the price almost rose to this level, it turned around and started to decline inside the pennant pattern. In the pennant, Euro declined to the support line, breaking the support level, after which rebounded and quickly rose to the resistance line of this pattern, breaking the support level one more time. And now, the price continues to trades near this line, so, for this case, I think that the Euro can correct to support line of pennant. Then it will start to grow and even can exit from the pennant, after which continue to move up next. Therefore I set my TP at 1.0400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
Euro can rise a little and then continue to fall to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days started to trades inside the range, where it reached the top part at once and then dropped to the bottom part, breaking the resistance level, which coincided with the seller zone. Also then, EUR declined to the current resistance level, and even a little below, after which made a strong impulse up, backing up to the range, where it later broke the 1.0520 resistance level one more time. Then price some time traded inside the range and later reached the resistance line, after which started to decline. In a short time, the Euro declined to the current resistance level, thereby breaking the 1.0520 level and exiting from the range and then some time trading near the 1.0350 level. After this, the price broke this level and fell to the support line, but at once rebounded and rose to the resistance line, breaking the 1.0350 level again. A not long time ago, EUR broke the 1.0350 level one more time and continued to decline. For this case, I think that the Euro can rise to almost resistance level and then continue to fall to 1.0190 points, which coincides with the support line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Gold can drop from resistance line of pennant to 2595 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price rebounded from the support line and rose to 2790 points, after which turned around and started to decline. In a short time, the price fell to the support line, breaking the resistance level, which coincided with the seller zone and then continued to fall next. Soon, Gold declined below the support line and even broke the 2595 level and fell to 2536 points. But later Gold turned around and made a strong impulse up to the seller zone, breaking the support level one more time, and started to trades inside pennant as well. Next, the price made a small correction and then some time traded in the range, after which in a short time rose to the seller zone back. In this area, it reached the resistance line of the pennant and then started to decline to the buyer zone, breaking the 2710 level. Later XAU some time traded near the support line of the pennant and then rebounded up to the resistance line of this pattern, which at the moment continues to trades near. For this case, I think that Gold can rebound from the resistance line and drop to the support level, exiting from the pennant. Therefore I set my TP at 2595 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
8
Bitcoin can correct a little and then start grow to 101K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price traded inside the range, near the support level, which coincided with the buyer zone and then rebounded up to the seller zone. After this, the price turned around and corrected the seller zone below a support level, but soon turned back to the range. Later it started to grow and in a short time reached the resistance level, and broke it, thereby exiting from the range and even rising higher than the seller zone. Bitcoin rose to new ATH (108250 points) and then started to decline inside the downward triangle. Price quickly dropped to support line of this pattern, breaking 102500 with 94500 levels, but later it rose higher than the 94500 level, breaking it again. Next, the price corrected the buyer zone, after which fell to the support line of the triangle again and then rebounded up to the resistance line of this pattern. recently price exited from a triangle pattern and now it continues to grow. For this case, I expect that BTC can correct to resistance line of the triangle and then start to grow to almost the resistance level. That's why I set my TP at 101000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8