Resistancesupport
EURO - Price can bounce up to $1.0900, breaking resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to trades in flat, where it some time decliend to support area, after which it started to grow.
Price left flat, and then reached $1.0935 level and even entered to resistance area, where EUR little time traded.
After this, Euro broke $1.0935 level and fell below, after which price rose to this level again and made downward impulse.
Euro fell to support line, breaking $1.0820 level, but soon it turned around and made upward impulse to resistance line.
Also, price broke $1.0820 level again, and reached resistance line, but recently it fell and then started to rise.
In my mind, Euro can little decline and then bounce up to $1.0900, breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
The Power of 0.5: A Comprehensive TA of PLS / USDTAnalyzing the PLS/USDT chart, we see how strikingly potent the 0.5 line is for altcoins, while the 0.618 line tends to resonate more effectively with Bitcoin. The dynamics of altcoins seem to lend more weight to the influence of the 0.25-0.5-0.75 lines. Isn't that fascinating? 😀
If you take a look at the chart, you'll notice substantial adherence to these lines. They tend to serve as either robust resistance or reliable support, showcasing the ebbs and flows of the crypto market.
So, how do we interpret this technical analysis? The resistance is the hurdle that we must overcome to shift into a more bullish state. And the support? It's something we must maintain, or else we risk a downward slide. Currently, the All-Time High (ATH) stands at 0.0002800, and while the theoretical low is zero, considering the OKX chart, we've established the low at 0.0000500 where trading began. Are you following so far? 😊
Alright, moving on, I've highlighted daily, weekly, and monthly resistance and support levels for you. If the price is above a certain level, it acts as support; if the level is above the price, we're facing resistance. This handy information will be updated weekly, so feel free to revisit and refresh your memory! Plus, you'll see some significant volume levels I've marked.
Something else to consider: if the price doesn't dip below the Value Area Low (VAL), this signals strength in the price, suggesting it could rise and challenge the Value Area High (VAH). That means the price is likely to test the first weekly resistance, which, conveniently, aligns with the VAH—a great example of confluence, leading to potentially better trades! Isn't this exciting? 😁
I've also pinpointed an attractive buying zone considering risk and reward metrics. I can't stress enough how important it is to factor these in.
Lastly, keep an eye on the respect that my levels will earn over time.
I hope you find this analysis insightful and, as always, keep those crypto smiles on! 😄
SBUX - turned the cornerBroke out of a cup base @ 80 on 18 July, then pulled back and retested this neckline which now affirmed that this resistance has now become support.
Time to buy the dips (as long as it does not close below 80). RSI >60 showing good strength. However, be mindful that earnings is expected out tomorrow. Should there be a dip after earnings (but staying >80), it would be a good opportunity to initiate some position.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SR - Breakout?Slight increase in volume, knocked on that resistance level again, weeks in the making. Will keep an eye on this one.
breakout buy out of a developing wedgeNYSE:DT Previous resistance was flipped into support as it is now wedging above that level. Volume is drying up and price action is getting tighter. 30% sales last quarter and 267% EPS last quarter. Annualized EPS and revenue growth also lines up nicely. High ROE and annual pre-tax margin. Last of all, ranked 1st in it's group. 43.45 buy against 40.69 is the place that I'll be looking for tomorrow.
