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Support and Resistance

BankNifty levels - Apr 03, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Apr 03, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BTCUSD 1H Analysis: Key Levels for Bullish & Bearish ScenariosBitcoin (BTC/USD) is currently trading at a critical level, where price action could determine the next major move. Here’s a detailed breakdown of my analysis: 1️⃣ Bullish Scenario • BTC has been in a short-term uptrend after bouncing from key support. • A break and retest of the mid-range resistance (marked on the chart) could confirm continuation to the upside. • If price successfully holds above this level, the next target will be the upper resistance zone (~87,000 - 88,000 USD). • Confirmation signs: A strong bullish close above resistance and retest as support. 2️⃣ Bearish Scenario • If price fails to break above resistance and gets rejected, it could trigger a sell-off. • A break below the current support zone would increase bearish pressure, leading to a potential drop toward 81,000 - 82,000 USD. • Confirmation signs: A strong bearish rejection at resistance or breakdown of key support with volume. 3️⃣ Key Levels to Watch • Resistance 1: Mid-range zone (~85,000 USD) • Resistance 2: Upper target (~87,000 - 88,000 USD) • Support 1: 83,000 USD • Support 2: 81,000 - 82,000 USD 4️⃣ Risk Management & Confluences • Confluences for Long Setup: • Higher lows formation. • Retest of broken resistance turning into support. • Increasing volume on breakout. • Confluences for Short Setup: • Double top or rejection at resistance. • Lower timeframe bearish divergence (RSI/MACD). • Break of recent higher low structure. Final Thoughts: Bitcoin is at a decision point. I’ll be watching for a breakout confirmation or a rejection to determine my trade. Let me know in the comments — are you bullish or bearish on BTC?
OANDA:BTCUSD
by HorricaneFx
1
BTC weekly Cup & Handle pattern Hello Traders 🐺 I hope you are doing well during these unsatisfying days, because honestly, I’m personally starting to get a little bit bored. I know one of the toughest things during market crashes and sideways movement is to stay reasonable and committed to your strategy — and always try to stay calm, because the less you react to the market, the more you will earn! Now let's talk about this BTC pattern: As you might notice from the chart, we are currently above a very important level, which is the weekly support, and I’ve drawn it using a black line. Currently, the price has retested it once as a new support. Also, it's the neckline for the Cup and Handle pattern — and if the price succeeds in breaking the downtrend and goes above the previous high, we could expect a massive rally to the monthly red resistance line, which I will talk about once we get back into bullish mode. But for now, make sure to stay calm and pay close attention to that support line. I hope you enjoyed this idea, and as always, remember: 🐺 Discipline is rarely enjoyable, but almost always profitable 🐺 🐺 KIU_COIN 🐺
INDEX:BTCUSD
by Kiu_Coin
XAUUSD 1H Analysis: Bullish Outlook with Key Buy ZoneGold (XAUUSD) is currently trading within a well-defined range, showing signs of potential bullish continuation. Here’s a breakdown of my analysis: 1️⃣ Monitor Buy Zone • The highlighted Monitor Buy Zone represents a key demand area where price previously found strong support. • If price revisits this level and shows bullish price action (e.g., rejection wicks, bullish engulfing), it could provide a high-probability buying opportunity. 2️⃣ Expected Price Movements • Scenario 1: If price respects the buy zone and bounces, I anticipate a move toward the first resistance level, which aligns with previous structure and potential liquidity zones. • Scenario 2: If price breaks past this resistance, a retest could confirm it as new support, offering another entry for the next leg up. • Final Target: A continuation toward higher highs, following a bullish market structure. 3️⃣ Key Levels to Watch • Support: Monitor Buy Zone (Potential Entry Area) • Resistance 1: Mid-range liquidity zone • Resistance 2: Higher timeframe structure target 4️⃣ Risk Management & Confluences • Stop Loss: Below the Buy Zone, ensuring a safe exit if price invalidates the setup. • Confluences: • Bullish order block alignment • Possible liquidity sweep below prior lows • Strong momentum from previous moves Final Thought: I’m watching for price reaction at the buy zone before entering. A strong rejection and bullish structure break will confirm the trade. What’s your bias on XAUUSD? Drop your thoughts in the comments!
OANDA:XAUUSDLong
by HorricaneFx
XAU/USD 02 April 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Since last analysis price has continued extremely bullish. This is most likely due to market jitters caused by Trump's tariff policy which is driving up the price of gold. This solidifies gold as a safe haven asset and could lead to repricing. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback phase initiation. Price is now contained within an established internal structure. I will however continue to monitor price to evaluate depth of pullback. Intraday Expectation: Price to trade down to either discount of internal 50% EQ or H4 demand zone before targeting weak internal high priced at 3,149.090. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as yesterday's analysis dated 01 April 2025 Since last analysis price has continued extremely bullish. This is most likely due to market jitters caused by the trump tariffs. This solidifies gold as a safe haven asset and could lead to repricing. You will note price has printed a bearish CHoCH which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor price. Intraday Expectation: Price to trade down to either discount of 50% internal EQ or M15 demand zone before targeting weak internal high, priced at 3,149.090. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
A rebound is a good opportunity to short goldGold rebounds from 3100, but is the bullish momentum truly revived? I don’t see it that way. Yesterday’s retracement to 3100 has already weakened the strong bullish structure to some extent, with 3150 likely acting as a key resistance level. I believe the current rebound is merely a technical retest of the 3150 zone, reinforcing it as a potential cycle high and paving the way for a double-top formation, which could provide a bearish technical setup for further downside. Following the initial 3100 test, a second retest of this support level is likely. If gold fails to hold 3100 on the second attempt, a break lower towards 3095-3085 would become increasingly probable. I will continue to scale into short positions within the 3132-3142 zone, with an initial target of 3120-3110. If gold approaches 3100, I will closely monitor the price action to assess the likelihood of a further breakdown. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
FOREXCOM:XAUUSDShort
by Trader_Marvin
4
GOLD → The rally is intensifying. Growth after false breakdownFX:XAUUSD is breaking upwards and is trying to consolidate above the previous high of 3127 as part of a correction. This would be an ideal support for the bulls. The rally, on the background of political and geopolitical problems only intensifies Tariff escalation pushes up gold demand. Trump rejected the idea of lowering tariffs and the Treasury Secretary named a list of 15 countries that fall under the new measures. This has caused the dollar to weaken and fears of stagflation to rise, boosting demand for gold as a protective asset. Central banks and investors continue to build positions in gold, but corrections are possible before the tariffs announcement on April 2 and the release of U.S. economic data Technically, we have a strong bullish trend, it is risky to sell, we are looking for strong areas or levels to buy. For example, if the price consolidates above 3127, or after a false breakdown of 3119 / 3111 Resistance levels: 3147, 3155, 3166 Support levels: 3127, 3119, 3111 Before the continuation of the growth there may be a correction to the key support areas to normalize the imbalance in the market as well as to capture the liquidity. Consolidation above the level after a false breakdown will be a good signal for growth. But! News ahead and high volatility is possible! Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
XRPUSDT → The bulls won't hold support. Falling to 1.9BINANCE:XRPUSDT is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high. At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63. Resistance levels: 2.265, 2.365, 2.509 Support levels: 2.0637, 1.9 The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction. Regards R. Linda!
Short
by RLinda
20
NZDUSD → Consolidation within the correctionFX:NZDUSD is forming a local correction on the background of the uptrend. The dollar has been consolidating and strengthening for the last week, which generally creates pressure on the forex market NZDUSD after a false break of the trend resistance, which also coincided with the stopping of the strong decline of the dollar, entered the correction phase. Locally, it is a downtrend, followed by consolidation, which in general forms a flag - a figure of continuation of the movement. The chart reveals strong levels that can be paid attention to. The dollar may continue its growth due to the US policy, which generally has a negative impact on the market. The price exit from the current consolidation may be accompanied by a strong impulse. Emphasis on 0.575 - 0.571. Resistance levels: 0.57426, 0.57674 Support levels: 0.571, 0.5684 After stopping at 0.571, the price is not pulling back, but forming consolidation on the background of the local downtrend. Most likely a big player lures the crowd to get to the imbalance zone or trend support at their expense. Regards R. Linda!
Short
by RLinda
6
GOLD (XAUUSD): Detailed Support Resistance Analysis Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures: Resistance 1: 3149 - 3151 area Support 1: 3099 - 3104 area Support 2: 3048 - 3057 area Support 3: 3024 - 3036 area Support 4: 2997 - 3001 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
USDT.D - The dominance of real moneyThe dominance of the dollar over cryptocurrencies is a real indicator of the growth status of ETH! The last wave of correction and decline is happening now! Pay attention to the accumulation zone before the Bitcoin price drops/inflates. Money is being transferred to BTC=>ETH=>ALT=>USDT=>BTC and so on in a circle, during the active participation phase of DOU, money is being transferred to ETH and beyond, so be vigilant In addition, I would like to draw your attention to the BTC.D indicator.
CRYPTOCAP:USDT.D
by SHARK1318