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Resistance_level

Equities at Technical Resistance with BULL Market StructureDJ:DJI NASDAQ:NDX SP:SPX Equities have rallied in June 2022. However, here in the S&P500 chart we can see a patter that is true for all 3 equity indexes. All three indexes (DOW, SP500, NASDAQ) are at a technical resistance level. This means that it is at a price level that it previously attempted, but was unable to cross above. Let's consider that the price action AND RSI oscillator have been making prominent and consistent higher low and higher high which show that the current bull run is STRONG and backed by a bullish market structure. Now that the bullish market structure has carried the price all the way to technical resistance what will happen next? I see three possibilities (1=least likely, 3=most likely) #1. Backed by this strong bullish market structure, the price will close above technical resistance and form a new support level from that previous resistance level. This will also single a continuation to further growth in the markets and a possible end to this bear market. #2. Resistance level will stay the same, price will go down but still form a higher low. Price then rallies back up to the resistance level and proceeds the same as #1. #3. Resistance level will stay the same, price will go down all the way to the support level or even lower. Signaling a continued bear market. I will most definitely be on the lookout for how this level gets resolved.
SP:SPX
by jdm69
Bitcoin: market overview updateAs mentioned in our previous overview, there were 3 possible scenarios for market development. As we can see, 4 days later, the price is in the correction . This is scenario 2. This correction wave formed the new resistance level with the borders of $23,900 - $24,800. After the correction comes to an end, the buying opportunity will appear. It may happen even today. In this case the first target is that resistance, and if the market is strong, the price can move towards target #2 - the highs of June 7 - $31,965 - $31,400. If the correction continues, the market can move towards the nearest Daily support - $20,800 - $21,220. But the market is in the uptrend and we should look for buying opportunities.
BITSTAMP:BTCUSDLong
by JIexa1701
CME WTI Crude Oil Break Out After Fed Meeting? $101 Next Stop?Crude Oil Futures saw a high (~$123.00) on June 14, 2022, and have been retreating ever since. I am not in the fashion of calling bottoms, but there has been some nice consolidation over the past 2 weeks! July 14th saw a recent low (~$90.50), and we have not tested that area yet! Here is what the charts are telling me: 1. The downtrend line from that June 14 high is currently being tested as I type ($98.75) If this downtrend line is broken with conviction, the next stop is ~$101.00. This level was SUPPORT (July 7-12). This ~$101.00 SUPPORT level was broken and became RESISTANCE! CL tried to break this level on July 19, but couldn't do it. Here is the thing though! After it tested the ~$101.00 level on the 19th, it did NOT make a new low! In fact it stopped at ~$93.00 (Low was ~$90.50) Uptrends start with higher lows. We traded ~$99.00 yesterday, which coincides with that GIANT down trendline from a month ago. If we break these in the overnight session, ~$101 it is!. 2. MACD has positive divergence. What does this mean? The MACD made a higher low, as the CME WTI future traded lower. This basically means the downtrend is slowing down. 3. Upside targets after ~$101 Are: ~$103.00 (.382 Fibonacci Retracement from ~$123.00 - $~99.50) ~$105.33 (RESISTANCE from July 8) ~$106.86 (50% Fibonacci Retracement) ~110.72 (2 factors here! .618 Fibonacci Retracement AND Resistance from July 4!) This whole scenario is considered to fail if it breaks the up trendline formed from the low made on July 14, to the next higher low made on July 25 ~$93.00. CME Micro Futures are a great way to enter this positive risk/reward trade. FEEL FREE TO DM ME WITH ANY TECHNICAL ANALYSIS QUESTIONS YOU MAY HAVE! HAPPY TRADING! MACD Education: Developed by Gerald Appel in the late 1970’s Useful in trending markets because it is unbounded MACD Line = (12 period EMA - 26 period EMA ) Signal Line = 9 period EMA of MACD Line MACD Histogram = MACD Line - Signal Line Convergence occurs when the MA move towards each other. Divergence occurs when the MA move away from each other. Typically the 26 and 12 period EMA are used Oscillates above and below 0 When MACD is positive, the shorter average is above the longer term average Signals when it crosses from below to above the signal line Histogram was developed by Thomas Aspray in 1986 Signals MACD above or below signal line
NYMEX:CL1!Long
by Paul_Wankmueller
BTC! 2 more highly probable scenarios I'm watching at the momentI'm looking at daily timeframe. Although BTC and stock market weekly closed bullish, but BTC was rejected at 24.24.5K very strong and Stock market both S&P and NZD were closed at resistance levels. At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K. But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
TVC:SPX
by ergal91
1
THE MOSAIC COMPANY- POSSIBLE BREAKOUTThe Mosaic Company (NYSE: MOS) is the world’s leading integrated producer of concentrated phosphate and potash and one of the largest north American fertilizer producers. Fertilizer costs have roughly doubled from a year ago as the war in Ukraine disrupted the flow of supplies from Russia. This was a game changer for The Mosaic Company and the stock price reached almost $80. The expectations for the upcoming earning report today are strong with 3.99 EPS and 5.68B of revenue. We are looking for a breakout of the $54 resistance level. The next major resistance is located at $62 or approximately $8 possible return Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:MOSLong
by legacyFXofficial
1
Take a look at the BTC to USDT 1 day chartHello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 24,325, if the support breaks down, the next support is $ 23,044 and $ 21,168. Now let's move from the resistance line as you can see the first resistance is $ 24768, if you can break it the next resistance will be $ 26,408 and $ 28,841. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval and the MACD indicator shows a local upward trend.
by cryptodailyuk
BTC market overview for July 28The market is in the uptrend on the Daily timeframe starting from July 19 after breaking through $21,955 - the upper border of the resistance. The correction came to an end yesterday, and the market is rising now. This correction formed another resistance with the borders of $24,280 - $23,390 This price zone is the target for the bullish movement after the correction is finished. And we see that the price has already hit this zone Scenario 1 : The market continues to go up, and breaks through the resistance. The next target is on the highs of June 7 - $31,965 - $31,400. Scenario 2 : The price bounces from the resistance and the correction starts Scenario 3 : The market reverses and the bearish trend begins. Signals to buy are relevant until the market is above the support . The nearest support was formed yesterday.
BITSTAMP:BTCUSDLong
by JIexa1701
BTC dump and what to expectRight now there is panic due to America releasing the official statistics, BUT BTC is still the most stable thing on the market to invest into as some people say. I drew some price predictions and other stuff. The fixed volume shows the price that people most buy out BTC and I left the pivots there for you (Weekly). There is a technical flat for the last 1000 bars, but that's due to the fact that we are gathering the power for some huge price movement at the moment. For the indicator DM @Sadesguy
Long
by Sadesguy
SOLANA undervalue areas for buyHi guys. solana ecosystem record a high TVL in past month and have a potential to grow in coming months. but we are in a downtrend now and altcoins loss their marketcap in this cycle. after SOL reach strong resistance in 45$ react and go down again and cant support in 40 support level. so we reach under this level and we have a good support in around 35$. i think we will see a strong support in this level and a good area FOR BUY ONE STEP. after that if we see demand signs we could buy another step or if not we buy a step in lower prices like 28 or 25$. remember the ecosystem TVL growing and have a good potential too pump up after FOMC place its interest rate and market eat it :)
Short
by TraderAmin-KZ
ETH heading strong resistance and good support levelshello all i think we breakout from a range area and surpass the 1280 resistance. now we reach 1650 resistance and the market react to it. so i think we have a pullback to 1300 area and after that toward 1650 again and repeatedly react to 1650 resistance and after that will go for 2000 resistance. also maybe we have a 50% correction of this impulse wave that shows the 1300 level too. Etherum has good fundamentals according to merge upgrade.so this targets are reachable in coming months. share me your opinion in comments.
Short
by TraderAmin-KZ
2
CADJPY Trade Idea Monthly Timeframe: Price has been in a long-term Bullish Uptrend. "The trend is your friend" (with the correct narrative). We are moving towards equal highs (Liquidity), which I expect price to reach to. "To them and through them" ;) Looking at the current Monthly candlestick, we are likely to take out the Previous Month's High as well... Weekly Timeframe: We just formed a Swing Low (3 Bar swing). This indicates that we can anticipate the next Weekly Candle to be BULLISH, giving us a Bullish view for the upcoming week. Also notice that the swing low was formed on a Daily Bullish OB, confirming that area to be valid - and that OB should then be pushing us higher from where price is currently at. Price just broke a Swing High to the upside (MS / Market Shift). The Swing High is a Bearish pattern that FAILED. This tells us that Buyers are in control. A Bullish Market Shift gives us Short-Term Bullish Bias. (Also notice how price was creating Doji candles, however, they all closed Bullish and failed to close Bearish - giving us yet another clue that price TRIED to go lower but couldn't because the Orderflow is too strong to the upside). Daily Timeframe: We can see that Bearish (Premium) PD Arrays are failing, and Bullish (Discount) PD Arrays are being respected. This tells us that the Orderflow is BULLISH... Looking on the left, price impulsively broke through the previous high creating a bullish Break in Market Structure (BMS). As it did that, we can expect the High of the Impulse to be reached, as price should remain Above the Protected Low. Looking at current price, we just broke above a Bearish Candle. This Bearish should act as an Orderblock and we should see price remain above it and be respected. We also have a Bullish Breaker supporting it from the left. H4 Timeframe: I'm currently interested in seeing Longs from this Orderblock, as my overall bias for the week is Bullish. The Orderblock is nice because it grabbed liquidity before immediately running higher creating the FVG above it, as well as it's lining up with the bias and order flow. I'm expecting price to sweep this level at least 30 pips (take Liquidity of the resting Retail-Orders). The BPR (Balanced Price Range) is NOT a Fair Value Gap as the area has been balanced, which should Not cause any moves lower. If this triggers between Monday-Wednesday it's most ideal, as these days tend to make the Low of the Week and have the highest volatility. However, there are some criteria I need for this to be a valid trade though... Firstly which day it triggers entry, what time of day it triggers entry, No News at entry, or if it goes up to BSL before coming back down then I won't take it. I'll be monitoring price closely to decide if I'll take the trade or not... It's your job to do the same if you decide to take the trade, and ONLY take the trade if you agree with my analysis! (And if it doesn't trigger my entry and rallies higher instead, I'll look for new entries with the SAME BIAS in mind. So should it not trigger, or if the setup fails, my Bias remains the same for new entries as I expect higher prices).
Long
by Bastianelton
ADAUSDT is testing the resistanceThe price is testing the dynamic 4h support above the daily resistance at 0.48%. The market is going to try to complete the W pattern below the daily resistance at 0.54$ where the price needs to grab more liquidity to create a new breakout from the historical resistance how to approach it? IF the price is going to have a breakout from the neckline and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip