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Support and Resistance

TradeCityPro | MNTUSDT The Best Coin for Short Positions👋 Welcome to TradeCityPro Channel! Let’s dive into the analysis of the popular DeFi coin that’s active on the Mantle chain—where they’re running multiple airdrops and utilizing it for fees. Let’s break it down and analyze it together! 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe After hitting 1.4077, which was our previous ATH, there were practically no buyers present here, preventing us from breaking this key ceiling and moving upward. Additionally, after the rejection from this high and an engulfing of the previous two candles, it’s safe to say our upward movement has concluded, and we’re now heading into at least a period of correction. This has already started as we’ve entered a resting phase from the prior trend. However, after breaking 0.9030 coinciding with the news of the Bybit hack and the theft of Ethereum and its coins by North Korean hackers we experienced a sharp drop. Given that Bybit held a large volume of this token, the decline was even more pronounced. 📉 Daily Timeframe In the daily timeframe, after the rejection from 1.4077 and a deep drop, we moved upward again. This time, we hit resistance at 1.2353 multiple times, but nothing happened buyers couldn’t push above this level. With this lack of buying pressure, sellers stepped into the market. We then formed a support at 1.0102, but after breaking it along with the hack news we saw a sharp drop down to 0.06552! This level is highly significant! It’s important because this was previously a key resistance, and after breaking it earlier, we kicked off our main uptrend. So, it’s a critical support now, and it won’t break easily! However, if this support does fail, we’ll likely see a drop to 0.5340. For buying, it’s not a good time yet. But if we get support at 0.6552 with a strong daily candle, we could consider a buy. Alternatively, wait for a box formation and structure. Our current entry trigger would be a break above 0.8464. For selling, my stop loss would be below 0.5340. 🕓 4-Hour Timeframe In the 4-hour timeframe, after a rejection from 0.8492, we moved down to 0.6539, where we’re currently ranging around this support. A break of this level could set up an excellent short position opportunity. For a short position, breaking below 0.6539 offers a clean and complete trigger, allowing us to capitalize on this move. For a long position, we have a couple of scenarios: a fake breakout of the critical 0.6539 support or a break above the 0.6716 trigger could justify opening a long. While there are better coins for longs, a break of the ceiling with higher highs and lows could also warrant a long position. ✍️ Final Thoughts Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Long
by tradecitypro
6
The Gold Will Make a new All Time High XAUUSD H1 Analysis 📈 The Gold has successfully retraced its Support Level and now it will use this support and pumps itself . The red area is a very important and strong area and there are many chances that the market will go up as it has retraced already. If you will see BTCUSD today and it is falling Blindly because the investors are withdrawing their money and maybe they will invest in gold. The Target 1 and Target 2 are based on the Fibonacci Level. There is no more buyer in the market due to Gold Crash. Terrifs are horrible thats why There is a bullish move coming in the Gold . I request you to enter in gold with a proper setup. In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
COOKIE Buy/Long Setup (4H)Looking at the chart, we can identify bullish signs for COOKIE. On the CH chart, we see a bullish structure along with the clearing of resistance zones. There’s also a liquidity pool above the chart which is expected to be swept soon. The only remaining resistance order block on the chart is the marked supply zone, which could potentially also be taken out. As long as the demand zone holds, we expect a move toward the targets. A daily candle close 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
Long
by iMoneyTeam
1
UK100 Bulls Charging – Will They Breach 8,400 or Stall?Currently trading at 8,293, with Support at: 8,165 🔽, 7,935 🔽 Resistance at: 8,400 🔼, 8,627 🔼, 8,741 🔼 Bias: 🔼 Bullish: As long as price stays above 8,165, bulls remain in control. A breakout and retest above 8,400 could extend the rally toward 8,627 and 8,741. 🔽 Bearish: A rejection from 8,400 or a break below 8,165 could trigger a move down toward 7,935. No breakout, no trade. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FX:UK100
by SPOT_FX
SOLUSDT Breakdown WarningYello Paradisers! Have you spotted what’s happening with SOLUSDT right now? A major breakdown just played out, and this could be the beginning of a much deeper bearish move that many are underestimating. 💎SOLUSDT has broken down from a rising wedge pattern—an important bearish structure that often signals upcoming downside pressure. Before the drop, it swept liquidity, a typical smart money move, and has now confirmed a bearish Change of Character (CHoCH). This combination significantly increases the probability of further decline. 💎If we see a pullback into the resistance zone—it could offer a strong short opportunity with good risk-to-reward ratio. That’s where professional traders start looking to position themselves carefully. 💎However, this bearish idea has a clear invalidation point. If price breaks out and closes a candle above that invalidation level, then the bearish outlook becomes void. In such a case, it’s wiser to stay patient and wait for more precise, high-probability setups to develop. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Stay disciplined, Paradisers, and wait only for the cleanest, most reliable trading opportunities. That’s how you make it in this game. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
18
$MSTR sub $200 before $1000+?NASDAQ:MSTR looks pretty bearish here. We're trading under a key support and it looks like it wants lower. I think if the next candle turns red, then we're likely to see a large selloff all the way down to the lower supports. If we can make it back up above this support level at $363, and close above it, it would be a trigger long. Then I think we're likely to see a large run all the way up to the upper resistances to 1000+. Let's see how the price action unfolds here.
NASDAQ:MSTR
by benjihyam
2
Bitcoin will Breakout Formed A Next Bitcoin zone lets see how the price will react. Provider Mr Martin Date 21 April Monday 2025 Bitcoin price Running During between resistance zone 88,500 a waiting for solid breakout zone if the price break the near support will be 81,500 this price suggest to take profit long-term keep sellers are in full control. The price candles will shows selling side until this resistance breakout then price will likely continue moving downside. your like's and comments' must and also motivating and will be share more analysis to you.
Short
by MrMartin_11
1
Analysis of the latest gold trendsGold has repeatedly tested 3430 but failed to achieve an effective breakthrough, and the K-line entity was blocked at the 3420 line. BOLL is currently running sideways, and within the small-level cycle, the price is temporarily in a narrow range of fluctuations. However, it is necessary to pay attention to the divergence of 4HMACD and the possible trend of gold's high-rise and fall. The current high-level fluctuation of gold may be regarded as a technical repair and energy storage, which may trigger a second rise after the repair is completed. Therefore, if we are bullish during the day and do not chase the rise, waiting for the retracement to go long is still our main tone. In the evening, we will focus on the suppression of 3430-3440 above.Radical brothers can arrange short selling at this position If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FX:XAUUSD FOREXCOM:XAUUSD CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by GoldHunter_Allen
EURUSD Has Been consolidating Serval session A next EURUSD movement what's next target. EURUSD has been consolidating for several sessions now after making a strong impulsive move to the upside earlier this month. Since support the 1.2150 level, momentum has started to slow up and price is beginning to range near the recent highs. That alone isn’t surprising strong impulsive moves are almost always followed by periods of consolidation or retracement as the market pauses, takes profits, and revaluates. Resistance zone 1.14000 / 1.14700 Support 1.12000 PS Support with like and comments for more analysis to share with you our more experience with you.
Long
by MrMartin_11
GBPCAD MARKET OVERVIEWGBPCAD appears has Bullish pattern due to the recent dormition for a support now price will hitting the strong resistance zone could continue move up the main driver suturing is coming bank of Canada interest rate diction market will expect BOC to hold rates at 2.75% but 25 bps cut to 2.5% is still a possibility. Resistance level 1.84500 / 1.85500 Support Levels 1.83700 / 1.8300 Ps Support with like and comments for more analysis share your opinion in comments Ill be glad.
Long
by MrMartin_11
Gold at the $3394-3392 level citing the presence of an engulfingGold Buying Opportunity Analysis Considering buying gold at the $3394-3392 level, citing the presence of an engulfing buy filter zone that indicates pending buying orders. This technical setup suggests potential support at this level, which could lead to a price bounce. Potential Upside: - Conservative estimate: 40-70 pips - Optimistic scenario: up to 100 pips or more, depending on market conditions and momentum Key Factors to Consider: 1. Engulfing buy filter zone: This technical indicator suggests buying interest at this level. 2. Pending buying orders: These orders could contribute to a price increase if executed. 3. Market sentiment: Overall market conditions, news, and trends will influence gold's price movement. Important Reminder: This analysis is for informational purposes only and should not be considered financial advice. It's essential to conduct your own research (DYOR) and consult with a financial advisor if needed. Trading carries risks, and it's crucial to manage your positions responsibly. Next Steps: You'll be waiting for the market to reach the specified level. If it does, carefully evaluate the market conditions and make an informed decision based on your trading strategy and risk tolerance. How do you plan to manage your trade, and what are your risk management strategies?
OANDA:XAUUSDLong
by Peter_Wade
EURUSD – A New High Potentially in Sight?The pullback seen in EURUSD at the start of this week, which resulted in a low of 1.1264 being registered on Tuesday may have been a natural reaction to the spike from 1.0943 on Thursday 10th April, up to 1.1473 on Friday 11th April. A quick and relentless rally (low to high) of 4.8% that caught many by surprise. Now, against the backdrop of fresh dollar selling due to a new series of tariff headlines from the Trump administration on Wednesday, the most prominent being the ban on Nvidia from exporting certain chips to China, EURUSD has started to move back towards 1.14 again with the all-important rate decision due later today at 1315 BST. The ECB are expected to cut interest rates by another 25bps, so anything else may be a seen as a surprise. This decision could be a close call given that the ECB committee seem to be split, with some more worried about supporting the economy through this period of trade war uncertainty, while others are more focused on the potential for trade tariffs to push inflation back higher. Whatever the decision, the press conference, led by ECB President Lagarde, which starts at 1345 BST could also be a focal point for EURUSD volatility as traders try and glean what they can from Madame Lagarde on whether more rate cuts are possible at the next meeting in June, her thoughts on inflation, recent Euro strength and the Eurozone economy. Technical Update: Is the Break of Long Term Resistance Significant? The current year to date phase of EURUSD price strength has seen an impressive 12.6% advance from the January low into the latest April high (1.0184 to 1.1473). However, what technical analysts are now beginning to focus on is the world's most heavily traded currency pair recent close above 2 potentially key resistance points on the weekly chart that coincide at 1.1275/1.1278. These points are equal to a combination of the July 2023 high and the 61.8% Fibonacci retracement of the February 2021 to September 2022 price decline (see chart above). While this is no guarantee of sustained phase of price strength it might well be an indication of further attempts to push towards higher levels. Potential Resistance Levels We Now Need to Monitor What the weekly chart above does show is that the latest strength has approached a previous failure high at 1.1494, which was posted in February 2022. Traders may well be focusing on this level next, as closing breaks of this resistance point might suggest current EURUSD strength may carry further. Such moves could in turn lead to a more sustained phase of price strength, with the next resistance point to consider marked by the October 2022 upside extreme at 1.1691. Potential Support Levels We Now Need to Monitor After such an extended period of price strength over a relatively short period of time there may be potential for over-extended upside price conditions to lead to the price corrections. With this in mind, it is the perhaps the daily EURUSD chart that might offer clues to possible support levels. Running Fibonacci retracements on the latest phase of price strength seen between April 4th and April 10th, we see the 38.2% retracement at 1.1244, has remained intact within this week’s latest trading activity. Any potential breaks below this level, while not suggesting a negative shift in sentiment, may prompt a deeper decline in EURUSD prices towards 1.1175, which is the 50% retracement, even 1.1106, which is the 61.8% retracement level, as seen on the chart above. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
THE KOG REPORT - UpdateEnd of day update from us here at KOG: That worked pretty well! We gave the path yesterday for the potential move up on open and the target level we would be looking for which was 600pips away. Market opened, straight into the target level! It's there we got a small RIP but nothing significant so we decided to wait as Excalibur activated. That gave some traders an opportunity to long again into the target which is where we shared the RIP captured for the short. We're still not re-testing that level which could mean support below holds at the 3406-10 region and we see a retest of that 3430-35 level during the session to come. It that level again that needs to be watched with the extension of the move into 3450-55 which is now open! As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5