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Support and Resistance

GBPUSD Approaching Key Resistance - Will Sellers Step In?OANDA:GBPUSD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
25
Is TAOUSDT About to Dump Hard? Yello, Paradisers! Are you paying close attention to this subtle shift on TAOUSDT? Because what we’re seeing right now could easily trap late bulls before the real drop even begins… 💎TAOUSDT is currently displaying clear signs of a potential bearish reversal. We’ve observed a bearish Change of Character (CHoCH) developing from the 1H Fair Value Gap (FVG), which is a strong early indication of weakening bullish momentum. To add to this, price has also broken down below the 50 EMA, a technical signal that increases the probability of further downside movement. When both of these elements align, it’s often a precursor to a more significant pullback. 💎If TAOUSDT revisits the recent Fair Value Gap, the trade setup becomes even more attractive, offering a stronger risk-to-reward ratio. That would be the optimal level for entry. However, even from current price levels, the trade still offers a 1:1 risk-to-reward opportunity. While not ideal, it remains viable for more aggressive traders. 💎That said, the entire bearish setup becomes invalid if the price breaks out and closes a candle above the current resistance zone. In such a scenario, it would be wise to step back and wait for more reliable price action to develop before making any further decisions. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
4
Jasmy to rally to between $0.35-$0.50 at the peak of bull cycleJasmy token has been caught between 2 pivot zones. The price is currently in the support zone between $0.008 and $0.012 . This zone must be defended on a weekly closing basis. To the upside is resistance between $0.048 and $0.07. Breaking above this resistance, on a weekly closing basis, will likely result in Jasmy pumping up to test the 100% Fib retracement at $0.35 and target 2 at $0.50 . Both targets are over 100x from the 2022 bear market bottom at $0.00273. At a price of $0.35, the FDV market cap will be $17.5 billion. In order to resume the bull market, Bitcoin and Ethereum must reach new ATH. Altcoins will follow. Global M2 money supply has recently hit ATH. This is bullish for crypto. Tariff fears will subside. Nations will make deals with the US and tariffs may be dialed back. The federal reserve tentatively plans to cut rates 2 times in 2025. 4 sentiment metrics show historic levels of fear, which have resulted in major market bottoms. When too many people think the same thing, price likely reverses to the other direction.
COINBASE:JASMYUSDLong
by ToonaFish
3
#ATOMUSDT shows a strong bullish impulse 📈 LONG BYBIT:ATOMUSDT.P from $5.100 🛡 Stop loss $4.948 🕒 4H Timeframe ⚡️ Overview: ➡️ The POC (Point of Control) BYBIT:ATOMUSDT.P is at $4.628, which marks the high-volume area from which the current bullish move started. ➡️ A breakout above the $5.00 resistance occurred with strong volume, confirming bullish strength. ➡️ The upward move is supported by large green candles and rising trading activity. ➡️ The $5.100 entry level aligns with previous consolidations and acts as a flipped support. 🎯 TP Targets: 💎 TP 1: $5.188 💎 TP 2: $5.280 💎 TP 3: $5.350 📢 Watch for price holding above $5.00 — it’s key for continued upside. 📢 If price drops below $4.948, the long setup becomes invalid. BYBIT:ATOMUSDT.P shows a strong bullish impulse — confirmation via volume and breakout supports the continuation scenario.
Long
by MoriartyTrading
TON DAILY ANALYSISHi friends, Today, we analyzed the TON chart in the Daily time frame. As marked on the chart, we had an important support level at the price of $4.63, which was broken two months ago. It had a short squeeze and later, with the news of Paul Dorov, it had a good recovery, which failed to activate the daily V pattern. Also, we have a daily resistance trend line that has rejected the price multiple times. With current price action, we have a good level for shorting it below $3.33.
Short
by EA_2025
EURGBP → False break of liquidity zone (resistance)FX:EURGBP within the distribution (news background) tests resistance 0.84616 and liquidity zone, but without the possibility of continued growth the price forms a false breakout The dollar index falls amid Trump's introduction of new tariffs, which generally provokes a rally in the whole market. But before NFP, the market shifts to profit-taking because of the growing risks. There are quite important news ahead, which may provoke high volatility. Technically, after a strong move, the currency pair forms a false resistance breakout and consolidates in the selling zone. If the bears keep the price below 0.84616, in the short term we should wait for a correction to 0.5 fibo or to the fvg zone. Resistance levels: 0.84600 Support levels: 0.8427, 0.8396 The situation is quite complicated due to unstable background, but technically we have a classic situation with a false breakout of strong resistance, and as we know, according to statistics, the strongest movements start after it (in relation to the trade of level breakout). Regards R. Linda!
Short
by RLinda
7
Gold Wave Analysis – 4 April 2025 - Gold broke daily up channel - Likely to fall to support level 3000.00 Gold recently reversed down from the resistance level 3150.00 (which formed the daily Bearish Engulfing) and broke the sharp daily up channel from February. The breakout of this up channel added to the bearish pressure on Gold – accelerating the active downward correction to the higher-order impulse wave (3) from November. Gold can be expected to fall to the next round support level 3000.00 (which stopped the previous short-term correction iv).
FX_IDC:XAUUSDShort
by FxProGlobal
USDCHF Approaching Major Support - Potential Reversal?OANDA:USDCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.87100 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
19
SOLUSDT SOLUSDT Analysis 📊 🔹 Support Levels: 118, 112, and 107 USD 🔹 Resistance Levels: 130 and 150 USD ✅ The price has reacted positively after testing the 118-112 USD support zone, showing a short-term bullish move with increasing volume. 📉 If the price fails to break 130 USD, a pullback to 118 USD is possible. 📈 A breakout above 130 USD could pave the way for a move toward 150 USD. 🔍 Conclusion: The bullish trend remains unconfirmed until 130 USD is broken.
Long
by EhsanZeydabadi
#AUDCAD: Using 1-Day Time Frame For Intraday Entry! We have been closely monitoring the AUDCAD currency pair for an extended period and believe that selling AUDCAD at the current market conditions presents a more favourable opportunity with a sufficient number of sellers. However, we must acknowledge that we need to wait for the price to approach our entry zone, which will allow us to execute a sell entry with strict risk management. This analysis has identified a single target. We extend our best wishes for your success and encourage you to provide support by liking and commenting on the idea. Team Setupsfx_
Short
by Setupsfx_
12
QQQ Stock Chart Fibonacci Analysis 040525Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 423/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:QQQ
by fibonacci6180
Is DOGE Ready to Explode? Daily 1D Analysis with a 100% BullishThe overall power and main direction of Dogecoin is bullish. A healthy correction has recently occurred on the chart, and a 3D (three drives pattern) has been observed at the bottom, suggesting that sellers and those holding sell/short positions are currently exiting the market. From the demand zone, we expect the price to move toward the specified targets. A daily candle closing below the invalidation level would invalidate this analysis Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam