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Resistance_level

ETHUSDT is testing the resistanceThe price is testing the 2800$ resistance on the 0.618 Fibonacci level after a nice breakout from the 2770$ daily resistance. the market is testing the previous resistance as new support. How to approach? the price needs to grab liquidity for a new breakout from the 4h resistance on 2800$. If the price is going to have a breakout, we can apply our rules for a new long position. The New valid resistance is the supply zone on 3k. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
IOTXUSDT is testing the 4h resistanceThe price wants to retest the monthly resistance on 0.85$ after the retests on o.07 Daily support. on 4h Timeframe the price had a breakout from the daily dynamic resistance and now is testing the supply zone on 0.83 How to approach? The price needs to have a new breakout with Volume and confirmations from the Monthly resistance, After that, 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
DX1! COMING INTO YEARLY RESISTANCE ZONESO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results. Keep an eye on the dollar index as it comes into multi-year resistance. With the future plans the FED has with continuing to raise interest rates along with a strong previous week of buyer price action, I don't necessarily believe this is coming down this week but keep an eye on for the future to what the dollar does as usually the banks, government, etc. use these levels to determine economic decisions they make. 2 options here. 1st option is that the dollar continues this recent strength up into the top of this zone around the 103 price handle. Then we would have to see what price does from there. 2nd option is that price can react once again in this zone and start a bearish run for the US dollar. Keep an eye out and lets see how the FED rules the dollar and how the technicals play out! Cheers! @JosePips
ICEUS:DX1!
by JosePips
XBTUSDBTCUSD broke the bear trend, hats off to the bulls as I got stopped out, this is why risk management is so key in crypto, you win some you loose some. This would normally in the past signify we have bottomed however the amount of sell orders at 46 and 49 are a lot. We have recaptured our previous local trend line and are now wedging between the resistance and the local trend line. The more we can test the resistance the more likely we will be able to push through it given the buying momentum continues. Because of this wedge and the state of the world I am currently neutral. Normally finally being above the cloud on the daily and closing repeatedly above the cloud one would assume we are bullish however never discount the amount of sell pressure in this resistance zone. Looking at it from a time perspective one can conclude by March 13th we will know where all this is heading. This is not normal however it could be a good sign that we are not heading into a dark winter again. Key take away -Daily closes above the cloud Bullish -Broke Bear Trend Bullish -20 EMA/50EMA Bullish divergence Bullish -Testing resistance Bullish -Heavy resistance from 46k-49k Bearish -200 EMA looming at 49k Bearish -20EMA above 50 EMA but below 200EMA -Nuetral "At this time ladies and gentleman, I need to go the bathroom to throw up" -KewlKat
BITSTAMP:BTCUSD
by kewlkat
GRTUSDT is testing the 4h resistanceThe price tested the weekly support on the 0.33$ after a rejection from the daily resistance of 0.48$. On the lower timeframe, the price is testing the 4h resistance at 0.38$ . How to approach? The price is in the consolidation phase below the resistance and dynamic daily resistance. We are waiting for the breakout of it and retest as new support. Of course a breakout is not enough, the market needs to satisfy our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
10
SOLUSDT is testing the resistanceThe price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$. On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level. How to approach? We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, 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
6
CVCUSDT is testing the monthly resistanceThe price is testing an important resistance of 0.3$ after a bounce on the weekly support. The price is trying to have a breakout from the dynamic daily resistance and static monthly one. On the 4h timeframe we can see how the price had a breakout from the previous resistance on 0.28$ with a nice retest. How to approach? If the price is going to have a breakout from the monthly resistance and retest it as new support, we can add in our watchlist and wait for applying our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
7
ETHUSDT is testing the old support as new resistanceThe price is following my drawing according to my previous idea, the market bounced until 2700 and got new liquidity for a breakout of 0.618 Fibonacci level. Now the price is testing the old support as new resistance. How to approach? A breakout is not enough, you need to have strategies to open a new short position, we will open a new short if the market is going to satisfy our rules. The next valid support is 2400 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
20
Shiba Inu Respected to Resistance area: Short In the diagram on the left, you can see that Shiba respects the EME 20 resistance as well as the static resistance level and creates a red brick. In Ichimoku analysis, Shiba has all the necessary conditions to continue the downward trend. These conditions are listed in the diagram. Accordingly, I expect the downtrend to continue. But the first target of Shiba can be identified by the following diagram: As you can see in the candlestick chart, the continuation of the downtrend is likely to break down the trend line support. It is likely that with the loss of this support, Shiba will once again fall into the $ 0.00002 price range.
Short
by cryptoonchain
Daily resistance is broken. . Head And Shoulders on the 1-Hour?Hi Traders, Hope you have all had a great week. We’re just having a look at gold to try and see if there is a potential setup forming for next week. We have broken through the daily resistance at 1879. We have seen very strong bullish volume which helped push us through that zone. Since then, we have had no retest down to that price point so it technically has not been flipped to support yet, as such. Does it need to? Not necessarily. If we look at the 1-hour time frame, we might be setting up for a potential head and shoulders that could send us back down to retest that 1879 area and perhaps even go through it again. We see here that volume is also decreasing indicating a potential move soon. I don’t like taking any setups around strong Support and resistance zones. Things can be volatile. I would prefer to wait this out as it is a Friday as well, and then see what next week brings. There’s no rush jumping into a trade just because. If you want to look for a short position, this could be something that could be interesting to you. So let us see what the day brings and as always, if there is anything that starts to form, I will surely be posting it. Hope you all have an awesome weekend. Vortex
FX:XAUUSDShort
by TheVortexTrader
2
What Is Gold Doing Right Now? Are There Any Potential Setups?Hi Traders, Today we are having a quick look at Gold on the 4-hour chart. We can see that price peaked into a previous daily resistance line at 1880 that was created towards the end of last year. Volume on the daily chart exploded as we tried to break that zone. However, we did not quite do it as yet. Price came back down with just as much volume. I am monitoring these zones and I am wondering if the price is going to attempt to push past the 1880 price point again. If it tries and gets rejected then I will be looking at a potential Double-top to form and I will be looking for short entries. However, as it stands right now, we are in nomads land and there are no potential setups I see in this time frame. Patience is a virtue and we need to let the charts play out before we decide to jump into anything. As always, I will be monitoring this, and should anything begin to form, I will let you all know. Have a fantastic day. Remember to check us out on our youtube channel - www.youtube.com Every post we do has a more in depth video to accompany it. See you all on the next one!
OANDA:XAUUSD
by TheVortexTrader
BNB breaks the downtrend!Hi, Let's take a look at the BNB / USDT chart on the 4H time frame. First of all, it is worth looking at the CHOP indicator and paying attention to the fact that the collected energy was used to increase the price, thanks to which we broke the downward trend. We can designate 3 levels of short-term support at prices: $ 423, $ 417 and $ 411. On the other hand, looking the other way, it is worth paying attention to the resistance at $ 433.7, and the next resistance should be at the level of $ 445.8.
by cryptodailyuk
Will the FTM rebound again before the support?Hi to all, Looking at the FTM / USDT chart on the 4H interval, you can see that we are in a place where the price has already rebounded several times. It is also worth adding that the CHOP indicator indicates an increase in energy that can be used soon. We currently have support at $ 1.87, if the price drops lower, another support at $ 1.53. However, looking at the resistance, we can find 3 places where the price can stop at $ 1.99, $ 2.08, $ 2.14.
by cryptodailyuk
Double Top On EURUSD 4-Hour. Will it play out?Good morning! Today, we are on the EUR/USD pair. We are looking at the 4-Hour time frame. It seems we have a double top at play here. However, I’m not convinced about the neck zone ( Liquidity zone ) We have full (pure) divergence across the MACD. We also have a large bullish volume break-out bar. This could mean that it’s a bull trap and that price will move down further which would be added confluence. However, I want to see further impulse lows closing below the neck zone in its entirety before a retrace up to the top of the neck zone. If this happens then I would short this pair at that point and my targets would be the previous price structure which I’ve shown on the chart. It is a Friday so this could take some time to play out. Either way, it’s one to watch as we can always learn from these patterns. Hope you all have a great weekend and I will be seeing you all on the next one!
Short
by TheVortexTrader