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Resistancezones

ETH collects a lot of energy on a 1-day intervalHello everyone, let's take a look at the 1 day ETH to USDT chart, as we can see the price moves in the upward channel marked with yellow lines. It is worth to designate two support zones which the price has in the event of a correction and as you can see the first zone is from $ 1570 to $ 1442, but if the next zone is broken, the next zone is in the range from $ 1224 to $ 1070. Now let's move on to the resistance that ETH has in front of it. In this case, we can also designate two zones, the first of which is from $ 1913 to $ 2235, while the second is in the range of $ 2564 - $ 3012. Let us pay attention to the CHOP indicator, which shows that in the 1-day range we have a lot of energy for consecutive moves, and the MACD indicator shows that we are in a local downward trend.
by cryptodailyuk
3
Will BTC come out of the current channel?Hi everyone. Today we take a look at the BTC to USDT chart on a 1 hour time frame. We see an upward channel in which the price moves, and as you can see, we are currently at the upper end of our channel. There is a resistance zone from $ 24,696 to $ 26,196 ahead of us to break, a break in this zone would result in an upward exit from the growth channel. However, if the price starts to turn back, the first stronger support is at $ 23,021, and if it does not keep the price, we still have a support zone from $ 20,957 to $ 17,669. It is worth paying attention to the CHOP indicator which shows that in a small interval the energy has been consumed, while the MACD indicator indicates a local upward trend.
by cryptodailyuk
2
BTC: Surviving the Chop! / Visual MapMorning/Evening all! BTC has entered a very choppy range, which means the price moves in a tight range bouncing between many levels chopping positions of all market participants, shorts and longs alike. In this picture I have marked and mapped the choppy areas as well as the zones that should be considered Resistance and Support. There are two ways to use this chart depending on what you are looking for: A) SWING TRADING THE TREND If you have entries in the green (support) zone and you want to catch bigger moves then hold your positions until price goes into the red (resistance zone). If this happens pay attention to momentum. If the momentum is strong you might want to keep your positions and let the price pump higher (which means you will be looking at taking profit around 25-28k area). Ignore the chop zone completely. It's there to make you let go of your positions, lose money or both. B) SCALPING If you are interested in scalping every move then the orange (chop) zone is your bread and butter. You try to get entries at the lowest parts of this range and take profit at the highest parts of this range. Taking smaller scalps for example from the mid of that range (~20.8) to the top of the range still works but your R/R is much different. Proceed with caution. Have very tight stop losses. Look for any signs that might show you that we're about to break out of the chop zone and protect yourself if you are in an opposite trade. Last but not least: -- All lines should be considered approximates. This means you have to check for previous candle bodies near these lines to find the exact "mini-range" that each line belongs to. -- Blue/Red boxes (frames) are put/ask areas. They are areas where price previously found either mostly sellers or mostly buyers, therefore, the volume profile has a gap too (possible support/resistance areas) It's highly likely that we will enter an "Inside Week" structure which means I wouldn't be surprised if these ranges play out for a couple of more weeks. So, what's an "Inside Week" anyway? I will make another post about it and explain in detail. Stay tuned!!
FTX:BTCUSD
by Athantonios
2
$LGVN entry PT 25 Target PTs 43-49 and higherLongeveron stock is up by a multiple of 11 after the FDA gave a Rare Pediatric Disease designation for a heart medication last week. Longeveron Inc., a clinical stage biotechnology company, engages in developing cellular therapies for aging-related and life-threatening conditions. The company's lead investigational product is the LOMECEL-B, a cell-based therapy product that is derived from culture-expanded medicinal signaling cells that are sourced from bone marrow of young healthy adult donors. It is conducting Phase 1 and 2 clinical trials in various indications comprising aging frailty, alzheimer's disease, metabolic syndrome, acute respiratory distress syndrome, and hypoplastic left heart syndrome. The company was incorporated in 2014 and is headquartered in Miami, Florida.
NASDAQ:LGVNLong
by BADQOMOCAWGOWLD
1
Bitcoin's Critical LevelBitcoin is currently at an important technical crossroads. Everything I've previously said still stands. Bitcoin is still - until proven otherwise - in a major zigzag correction, in which it's completing the B-wave. Yet, on this chart we'll go through the latest updates. We'll deal with them systematically, so please follow the adhering numbers on the chart. 1) Bitcoin is trading right at a strong resistance zone. This area has amounted to a lot of reversal action, both in terms of closing candles as well as wicks. With that said, the even stronger resistance zone is the one between $57,700-60,000. That level is the ultimate all-time high zone at which Bitcoin faked out in April and then initiated its -55% dump. Don't for a second expect Bitcoin to push through this resistance zone without a serious fight. 2) Bitcois is currently trading precisely at the 618 fib - the golden ratio. 3) The trading volumes from $40 000 and above have been ANYTHING BUT CONVINCING. These trading volumes rather tell me that the purchasing enthusiasm is lukewarm at best. 4) The trading volumes in turn are supported by a 6-point RSI divergence on the daily chart. This means either of two things. Either Bitcoin fails this level and plunges down. This scenario is the by far most likely one. For do not be mistaken: the more points an RSI divergence is made up by, the more power it musters up. Hence, if Bitcoin were to fail, we'd do wise in expecting a serious throwback. The other alternative is that Bitcoin breaks above the current price resistance zone. This would automatically result in the RSI breaking above its divergence. This should be more than enough to pump the price up to the $57,700-60,000 resistance zone and is equally so an opportunity I intend on hopping onto with leverage. With that said, Bitcoin is still far more likely to break down. What I'll be looking for in such case is for the RSI to test the upper bearish blue line from below, which would be THE ideal shorting signal of them all. For more on the immensely powerful RSI strategies, please watch the RSI trilogy.
COINBASE:BTCUSD
by LongLifeTrading
1
Support zone instead of simple support (Bitcoin fake breakouts)Sometimes just a simple line is not working and this is the time that zone gets its meaning. so instead of using so many lines, we can use <> and create some support and resistance zones instead of simple support and resistance. here take look at the Bitcoin example in previous weeks: But let's take look at the 30K support zone instead of the 30K support: and let's take look at Forex and the same scenario: here take look at the USDCAD example in the previous month: But let's take look at the 1.2060 support zone instead of the 1.2060 support: <<👍hope you enjoy👍 >>
BITSTAMP:BTCUSDEducation
by MMBTtrader
38
Elliott Wave Analysis: APPLE Approaching ResistanceHello traders and investors! Today we will talk about Apple, its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know how useful can be when analysing the markets. We have noticed very interesting pattern on Apple, where we can see a five-wave drop from the highs in February. A five-wave reversal usually indicates for something bigger and that's why we labeled it as a higher degree wave A of bigger and deeper A-B-C correction. If recent five-wave drop is wave A, then current recovery should be as part of a three-wave correction in wave B. And we can clearly see a three-wave a-b-c movement, which is not approaching key 61,8% - 78,6% Fibonnaci retracement, where ideal resistance would be here in the 130-140 projected resistance zone. If we are on the right path, then a reversal down can be around the corner and if this happens, then we can easily expect a sell-off within wave C towards projected 110 - 100 support zone. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:AAPLShort
by ew-forecast
4
Trend Reactionary Numbers Natural Contraction & ExpansionThrough trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance . These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature, or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
Long
by Tommygunn
MXC in a channel, about to break out?Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones: One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn. One tall resistance zone that while not very strong could still indicate roughly the height that the price could go if it goes sharply bullish in the near future. With this I've also included an MA 56 to reinforce the strength of the support zone as the MA has danced along it for a long time. I've also included a MACD to assist in any predictions regarding impending price movement. To me it indicates an impending short term bull run, as it could be about to cross the 0 line. In conclusion: MXC is still in a strong bull run and has been for a year. There are no signs that a trend reversal is impending and with the recent price spikes I would conclude that the price wants to rise above the resistance zone plotted and MXC could be a solid investment for long term investors with perhaps the only downside being a longer ROI. For short term investors the impending resistance zone break could be a nice spike to go long on, as plotted with price points. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
AMEX:MXCLong
by Kabeldon
Trend Reactionary Numbers Natural Contraction & ExpansionMY DAILY RANT : As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory the hourly, daily and weekly fluctuations are very difficult to forecast. This is where the masses lose capital. In the market the crowd is wrong 90% of the time because the majority of traders are following current price movements, those that followed earliest have the greatest chance to profit, however, they do not know when to escape and tend to lose the gains that were luckily attained {once again to emotions of Greed and Fear, a never ending vicious circle for the neophyte}. In short most traders do not like to think or study it is not an easy task. Thinking and Study require patience and effort. I once read a profound statement "Patience is not a virtue of the weak". That short statement helped me immensely, I was once guilty of all those market sins and more which I will detail in future posts. Now back to the task at hand, the explanation. My take on the market has evolved through my 30 years of active market participation, and one major {for me } paradigm shift occurred when I shifted away from the temporal use of Time. I realized that having a temporal Belief was creating confusion in slow or fast moving markets. Whenever you create confusion it produces frustration which creates non-adaptive behavior that gets you STUCK and that creates losses. I would bet that 99% of the traders that are reading this post if asked for their definitions of short, intermediate, and long term would respond in some sort of time factor. Many would say that short term is 3 days or less, Intermediate is 2 weeks and long term is monthly or some combination of those time factors. These widely used terms and definitions over time {no pun intended} did not serve me well. They may be appropriate for the non professional trader to describe how long he wishes to hold a position or to describe market movements as he understands them, but not for the professional. I had come to realize that due to increased volatility, speed of market news dissemination and Blog Factors {think Game Stop for example} market movements that in the past took weeks or months are now being completed in days or sometimes hours. I adopted different descriptions of short, intermediate, and long term to percentage price movements instead of specific time intervals. This one shift in beliefs allowed me to see mathematically how far a market moved and at what speed it was moving {based on the time factor}. It gave me an ability to realize an Intermediate move{for example} was happening very quickly and that alerted me to look for escape levels for profits or to cut a loser. Consider These Percentages: Ultra Short Term 1/2 % {.005} - 1.9% Short Term 2% - 2.99% Standard Term 3.0% - 3.99% Medium Term 4%- 5.99% Standard Medium Term 6% - 8.99% Long Term 9% and above. Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance. These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature , or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
BITSTAMP:BTCUSD
by Tommygunn
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range. Recent Price activity suggested two new reactionary levels of Resistance and Support reflected in the deeper red lines.
NASDAQ:META
by Tommygunn
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range.
NASDAQ:TSLA
by Tommygunn