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Support and Resistance

ACHR Symmetrical Triangle Breakdown with Key Level!The **30-minute chart** for **ACHR** highlights a **symmetrical triangle breakdown**, indicating bearish momentum. - **Entry**: $8.32 (yellow line - breakdown level) - **Stop Loss (SL)**: $7.75 (white line - key support) - **Target 1 (T1)**: $9.30 (red line - immediate resistance) - **Target 2 (T2)**: $10.55 (green line - major resistance level) The price is breaking below key support levels with strong volume, suggesting potential for further downside. Watch for price action near $8.32 to confirm the trend. #ACHR #TradingSetup #TechnicalAnalysis #NYSE #StockMarket #BearishTrend
NYSE:ACHRLong
by Xeeshan79
EURJPY Wave Analysis 19 December 2024 - EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair. EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
Long
by FxProGlobal
EURGBP Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal
JUPUSDT – The Sleeper Setup?Ah, Jupiter, you were my favorite. Still are. The platform? Insane. The potential? Off the charts. But this is crypto, and value doesn’t always follow logic—it follows vibes. Sometimes things moon just because we like the stonk. 💎🙌 Right now, JUP’s in a downtrend, and combined with a Fibonacci retracement, we’ve broken through the 0.618 Fib. Translation: we’re likely going lower, targeting the 0.786 zone, but not for long. Setup for buys with some scam wicks. We have a chance we can bounce directly where we are now 0.8856, lining up with my second downtrend line. Honestly, this wick down feels like pure manipulation—designed to shake out weak hands. My gut? It’s time to long, scaling into positions down to 0.80 cents wicks. Once the dust settles, I’m seeing an explosive recovery to 1.13—prime target territory. TL;DR: Current Setup: Downtrend ; we broke below the 0.618 Fib, heading for 0.786. Support Zone: 0.94–0.69 cents. Short-Term Resistance: 0.8856 area (downtrend line). Bounce Target: 1.13+ after recovery. Play: Sizing into longs down to 0.80 cents wicks. Sometimes you just gotta trust your gut and ride the manipulation waves. I’m bullish long-term because JUP’s tech is next level. Let the kids get scared—pros know when it’s time to pounce. 🚀👊
by chartzard1337
1
XRP Long OpportunityMarket Context: XRP has shown strong performance and is revisiting the 2021 resistance highs, which have now flipped into support. This creates an ideal zone for a long entry with solid risk-to-reward potential. Trade Details: Entry Zone: Around $1.80 Take Profit Targets: $2.42 $2.90 Stop Loss: Close below $1.60 This setup aligns with XRP’s bullish structure, providing an opportunity to capitalize on its momentum while managing downside risk effectively. 📈
Long
by Richtv_official
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
SOLUSD – Bounce or Breakdown? Time to ChooseCurrently trading at 204.52, Solana’s sitting just above a key white box support zone between 193–203, which is shaping up as a strong bounce location. The upward trendline remains intact, keeping the bull thesis alive, but here’s the deal: lose support at 193, and things could get ugly fast. That 193 area aligns perfectly with the 0.236 Fibonacci retracement, making it a do-or-die level for the short-term bulls. Right now, the setup is giving double-top vibes, and we need to see strength here. A breakout and close above the weekly ATH is the green light we’ve all been waiting for. Stay focused—SOL still has the fundamentals: a thriving ecosystem, killer tech, loads of users, and insanely low costs. Long-term, the outlook is solid as the blockchain itself. 🌱 But let’s not sugarcoat it—if we break 193, brace for impact. Expect aggressive downward pressure, with price likely testing the trendline and possibly wicking down to 157 (the 0.382 Fib retracement). That’s where buyers could step back in. TL;DR: Support: 193–203 (white box, 0.236 Fib). Resistance: Weekly ATH needs snapping for continuation. Bear Scenario: Below 193 → pressure to trendline, potential wicks to 157. Bull Target: 411 long-term with an R:R of 5.4. The uptrend is alive, but this is where SOL needs to show it’s got legs. Don’t sleep on the bounce, but manage your risk—because if it breaks, the fallout could be real. Keep your stops tight and your conviction tighter. 🧠📈
CRYPTO:SOLUSD
by chartzard1337
2
DOGEUSDT - Woof Woof! Is the Dog About to Run?Currently trading at 0.35625, DOGE is sitting snugly at the 0.382 Fibonacci retracement from its epic 2021 run. This zone is also a solid support range from back in the day, acting like a comfy dog bed for price action. If DOGE can hold the line here, we’ve got clear skies to 0.43—there’s barely any resistance to chew through above. Let’s zoom out. The ATH weekly close is parked at 0.5690. Breaking that level could send the dog straight to the 0.92 zone, completing a trend-based Fib extension off the ATH. That’s almost a full retracement and extension play—prime for the meme magic to kick in. DOGE has a history of wild moves when no one’s looking. Meme coins don’t follow logic—they follow hype. When the alts run, they run fast and furious. Keep an eye on volume spikes and sentiment shifts, because when the Dogefather calls, you don’t want to miss it. 🐕‍🦺💨 TL;DR: Support at 0.35625 (0.382 Fib + 2021 levels). Resistance at 0.43 and 0.5690 (ATH weekly close). Extension target: 0.92—let’s complete that trend-based Fib! Trade smart, stay degen. Let the memes fly. 🚀
Long
by chartzard1337
Focus Shifts to Greenback and the 10-year TreasuryThe Federal Reserve triggered violent drops in stocks yesterday and two key charts could be attempting important breakouts. We first consider the U.S. Dollar Index with weekly candles. There’s a falling trendline along the peaks of October 2023 and late April. DXY rallied through that resistance and turned it into support earlier this month. That may be consistent with an uptrend. Second, DXY has advanced in 11 of the last 12 weeks. That could also suggest direction is accelerating higher. Third, some traders may now eye the October 2022 high around 114 as the next key level. Next is the 10-year Treasury Yield with 3-day candles (to clearly display almost 2 years of history): A falling channel began in late 2023 at the same time stocks began their latest rally, but TNX didn’t reach the lower end of the channel. That was the first sign that yields might still be rising. TNX also failed to reach its March 2023 low and refused to stay below its December 2023 low. The index dipped last month but held its mid-July low above 4 percent. Next comes the historically important long-term peak of 4.34 percent from the start of the Global Financial Crisis. After that, TNX closed above its November daily high. Each of those points additionally suggest that that yields are moving higher. They also shift attention to the next big level near 5 percent from October 2022. Given the importance of DXY and TNX for risk appetite, some traders may find potentially useful intermarket signals on their charts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
TVC:DXY
by TradeStation
Technical Analysis of Stock SOUN 5/8/2024Technical Analysis of Stock SOUN Introduction: SOUN, founded by a computer scientist from the dot-com era, has garnered significant attention from investors, including heavyweights like NVDA and Kleiner Perkins. Notably, Kleiner Perkins' backing is a considerable endorsement. The company's innovations, such as AI-powered burger ordering at White Castle, underscore its potential in the market. Daily Chart Technical Analysis: Overview: This analysis delves into both the broader picture and recent price movements of Stock SOUN Daily Chart #1: This chart illustrates the complete price history of Stock SOUN, revealing its trajectory since going public in April 2022. After an initial crash to $1 by the end of 2022, the stock traded sideways between $1.60 and $4.70 from January 2023 to February 2024. During this period, it struggled to breach the resistance zone of $3.50 to $4.70. However, by the end of February 2024, a surge in trading volume facilitated a breakout, with the stock reaching a high of $10.25. Subsequently, there was a significant pullback of -65%, bringing the price back to the $3.50 to $4.70 resistance zone. Observations: This breakout from an accumulation stage, followed by a pullback to a historically resistant zone, presents a compelling opportunity. The confirmation of the breakout by massive trading volume adds further credibility. We will now assess if there is a viable entry point for a long position. Daily Chart #2: Here, we focus on the breakout and subsequent pullback to the $3.50 to $4.70 resistance zone. The breakout on February 26 led to a surge in prices to the $10 range. However, as the breakout reached its peak, a descending triangle formed, indicating an imminent pullback. This pullback retraced the price back to the $3.50 to $4.70 zone, where it found support and broke through the pullback trendline. The price is now attempting to establish the $3.50 to $4.70 zone as a support level, forming an ascending triangle. On May 6th, the price broke out from this triangle and above $4.70. Concurrently, the MACD crossed above its signal, signaling bullish conditions. Implications: The technical indicators suggest a favorable outlook, especially with earnings scheduled for May 9, 2024. These factors indicate potentially bullish earnings. Trade Strategy: Entry: $4.81 Stop Loss: $4.06 (-15.59%) Target #1: $10.00 (+107.90%) Target #2: $15.00 (+211.85%) - There's a possibility of exceeding this target; I'll trail if the price exhibits parabolic movement beyond $15.
NASDAQ:SOUNLong
by rudcharts
5
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being: - BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value - AUD are trade partners with China who are experiencing significant economic instability - COT traders are 57% long on GBP (+2.14% compared to last week) - COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week) - Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book) This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD. I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar. The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool. If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of. Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
Long
by ciantrades
2
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover: 📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum. 📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally. 📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends. If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively. 🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
CME_MINI:MNQH2025Short
by BinvestorsTrading