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Support and Resistance

PEPEUSDT Pennant Breakout: Ready for Lift-Off? BINANCE:PEPEUSDT has just broken out of a bullish pennant formation, hinting at a potential strong upmove. Recently, it formed an inverse head and shoulders pattern that led to impressive gains, and now, with this breakout, we could see a similar rally. This setup mirrors BINANCE:DOGEUSDT ’s previous path, suggesting a possible bullish follow-through. As always, trade with caution. Set your stop loss to manage risk and make the most of this opportunity safely. Trade smart, and let’s see where BINANCE:PEPEUSDT takes us! OKX:PEPEUSDT.P trading at $0.000011 Buy level: Above $0.00001 Stop loss: Below $0.0000077 TP1: $0.000013 TP2: $0.000017 TP3: $0.000025 TP4: $0.00005 Max Leverage 2x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Nifty Medium to Long Term Outlook. Nifty on a weekly chart seems to be in the consolidation mode. With important geopolitical events that happened around the globe and India Nifty is trying to find a firm footing from where it can launch ahead. The events like Ukraine and Russia conflict, Israel and Iran++ conflict, Indian election results, Haryana assembly elections, US elections proved very volatile for the market. Upcoming events like China stimulus package and Maharashtra Elections will also be key for the direction of Nifty while moving ahead. Best case Scenario for Nifty right now following the Parallel channel seems to be 27796 towards the mid and end of First quarter of 2025. (We would have to be a pure optimist to think it can reach close to 28K in the next 5/6 months but you never say never). Median Scenario can keep Nifty range bound and we might find it exactly in the zone that it is right now that is between 24K and 25K. Worst case scenario for Nifty seems to be between 20 and 21K as of now.(This is a less likely scenario but you never say never). Major Support Levels for Nifty are at: 23816, 23211(Major Support 50 Weeks EMA-Mother Line), 22711, 21813, 21343 and 20858 (Channel Bottom Support). Major Resistance levels for Nifty are : 24589, 25241, 25796, 26277, 27120 and 27796 (Channel Top Resistance). To learn more about Parallel Channels and Mother, Father and Small Child theory read my book. The Happy Candles Way to Wealth Creation Available on Amazon in paper back and Kindle version. The book is now available on Google Play books in E-version too. Disclaimer: The views are personal and request you not to take positions based on the above data. The chart and the levels given in the message are purely for the purpose of education.
NSE:NIFTY
by Happy_Candles_Investment
NAS100-Trump Rally Boosts Futures, All Eyes on Fed Rate DecisionMarket Holds Steady: Trump Rally Boosts Futures, All Eyes on Fed Rate Decision 1. Technically: The price has broken the previous ATH and is attempting to record new highs. Today, the market is expected to be volatile due to a 25 bps interest rate cut, which will impact market movement. As long as the price trades above 20790, the bullish trend is likely to continue toward 20960 and 21070. Alternatively, if the price closes a 1-hour candle below 20785, it may drop to 20710. A 4-hour candle close below 20710 would confirm a bearish trend, with a potential target of 20550. Key Levels: Pivot Point: 20790 Resistance Levels: 20960, 21070, 21150 Support Levels: 20710, 20550, 20420 Trend: - Bullish above 20840 and 20790 - Bearish Below 20780 and 20710 2. Futures Steady After Trump-Fueled Rally, Ahead of Fed Rate Decision Traders have largely priced in a 25-basis point rate cut, though they will closely monitor the central bank’s policy statement for signals on the future path of monetary easing. “Investors may be pausing to assess recent events and await the Fed’s scale of rate cuts,” one analyst noted. Investor expectations that Trump would lower corporate taxes and loosen regulations had in the previous session lifted all three major indexes to a record high. previous idea:
OANDA:NAS100USD
by SroshMayi
1
S&P500 (Bearish Correction Amid Fed impact)Technical Analysis The price has risen approximately 210 pips, as mentioned yesterday. Today, as long as trades remain below 5989, a drop toward 5931 is expected, followed by consolidation between 5931 and 5989 until a breakout. Alternatively, if a 4-hour candle closes above 5989, it would signal bullish momentum with a potential move towards 6021. Key Levels: Pivot Point: 5989 Resistance Levels: 6002, 6021 Support Levels: 5950, 5931, 5891 Trend Outlook: Bearish Correction previous idea:
OANDA:SPX500USDShort
by SroshMayi
Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. For this report we’re going to use the same chart as the election projection seeing as the levels are working well. We have lower support now at the red box defence line which did it’s job at 2660-5 while resistance stands at the 2710 level. Breaking above the 2710 region we have the key level 2730-35 which is where we would ideally like it to go before we see a reaction in price, a clear sign of reversal and then potential to attempt the short again. Please note, the chart shows the extension of the move into the 2750 region, which is possible if they want to really drive it volume. We’re in a scenario here where we can’t long as it was already suggested traders hold long runners from below, which was the ideal entry level for this retracement. The only thing we can do now is sit it out, or, as above, look for a decent set up for the short. RED BOXES – Above 2704 look for 2710 and 2728 Below 2693 look for 2675 and 2667 Simple one again this time round, it’s been a great week and today topped it off with us managing to trade it down and back up again. Not looking to risk a lot on this, if anything. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
1
FET | ALTCOINS | TOP ALT for coming ALTSEASONFETCH was one of my TOP altcoins for 2024, and has seen some more increases since my lst update. (Find the previous update here :) THIS is the initial introduction to FETCH in January, when I identified this as a good buy for 2024: I'm optimistic for the remainder of 2024; FETCH and other alts will see great increases as soon as BTC takes a breather and trades sideways for a few days. _______________________ BINANCE:FETUSDT
Editors' picks
Long
by CryptoCheck-
5
Ishares 20+ Year Treasury Tumble with -15% crash ??On the above monthly chart price action has seen a nice 25% rise since November 2023. A number or reasons now exist to be bearish. Incidentally, with all the recently published ideas on Tradingview, Without Worries appears to be the only one who is bearish. The reasons? 1) Broken market structure confirmation. 2) Active price action resistance. 3) Rising wedge. A breakdown confirmation will see price action correct 17%. 4) $76 is the next support level, which is incidentally the measured move forecast by the bearish wedge identified in (3). Is it possible price action continues to rise as most of Tradingview is calling for? Sure Is it probable? No. Ww
NASDAQ:TLTShort
by without_worries
21
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones. Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance. Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio. Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
TVC:GOLDShort
by me22_
ZetaChain could face major market sentiments.Hello, fellow traders! This is my analysis on ZetaChain (ZETAUSDT). 1️⃣ Analysis Price has been in a downtrend since February to August. In August, we see an attempt of a breakout with significant volume spike. The breakout seemed like a failure until the second breakout took place at the end of the month which then converted the resistance line (red trendline) into a support line of a new trend. We now see an ascending triangle pattern which the price is reacting to in high accuracy. 2️⃣ Expectations The price might move sideways longer but breakout is expected in near future for either direction. Upper breakout could indicate start of a strong uptrend. However, major resistance at 1.1406 (red dotted line) is expected. Lower breakout could indicate a stronger downtrend. Although major support at 0.3348 (green line) is expected, failure of an attempted reversal might trigger more aggressive downtrend resulting in a new ATL below the green line. 3️⃣ Key approach Our first strategy is to enter short in lower breakout. Our target would be 0.3348, major support level. Price may rebound upon touching the level. This could open up new long opportunities, however keep in mind that downtrend might continue below the level. Failed reversal might enhance the aggressiveness of the original trend. 4️⃣ Other approach Our second strategy is to enter long in upper breakout. Our initial target would be 1.1406, major resistance level. Our next and final target would be 1.7, right below the demand zone. However, I find this approach risky and would prefer the first one. 5️⃣ Considerations There is an announcement that ZetaChain is unlocking 54 million tokens on December 1st. This could possibly trigger the breakout. 💡 ZetaChain is a good example that volume spike doesn't always guarantee a reversal of trend. This is a valuable lesson to learn: I hate to mention BINANCE:BICOUSDT.P so many times, but we see a similar pattern in Biconomy - breakout with volume spike after months of downtrend and resistance line being respected. Of course, we cannot say ZetaChain is foreshadowing Biconomy because they are totally different cryptos. But at least it gives us a glimpse of what to expect. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Colossians 3:12
by QJEEE
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:WELCORP
by AnsariTV