Get started

Support and Resistance

GOLD at Key Resistance Zone – Potential Bearish CorrectionGOLD is at a significant resistance zone, marked by historical price rejections and heightened interest from sellers in the past. If the price confirms a rejection from this resistance level, I anticipate a short-term bearish move toward the 2,692.88 level, which represents a logical target within the current market structure. This setup aligns with the expectation of a correction after a sharp rally into resistance. Traders should monitor this zone closely for rejection signals, such as bearish candlestick formations or increased selling pressure, to confirm the likelihood of a pullback.
OANDA:XAUUSDShort
by DanieIM
1
GBPCHF at Key Support – Bullish Bounce ExpectedGBPCHF is approaching a key demand zone, marked by historical price reactions and strong buying pressure in the past. This area has consistently acted as a turning point, where buyers regained control, driving prices higher. There is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection). I anticipate a bullish move toward the 1.11691 level, which represents a logical target within the current market structure.
Long
by DanieIM
1
NZDJPY at Key Support – Bullish Reversal LikelyNZDJPY is trading at a key demand zone, marked by previous price rejections and strong buying interest. This area has consistently acted as a turning point, where buyers regained control and pushed prices higher. The recent bearish move has brought the price into this critical support area. Given the strength of the demand zone, there is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection). I anticipate a bullish move toward the 88.40 level, which represents a logical target for this setup based on prior resistance. This setup aligns with the expectation of a short-term recovery within the broader market context.
Long
by DanieIM
3
USDZAR Bearish Setup: Break and RetestThe USDZAR pair has broken below the channel, signaling a shift in market sentiment toward bearish momentum. The price is currently retesting the trendline, which now serves as a potential resistance area. If the price confirms rejection at the retest of the trendline, I anticipate a bearish move targeting the 18.66384 level, which represents a logical target for this setup. This setup highlights the potential for a trendline break-and-retest continuation to the downside. Traders should look for bearish confirmation signals, such as bearish engulfing candles or rejection wicks, before considering short positions.
Short
by DanieIM
1
USOIL Bearish Setup: Reversal from Supply ZoneUSOIL is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control, driving prices lower. The recent bullish rally has pushed the price into this critical resistance area. However, given the strength of this supply zone and the overextended bullish move, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or long upper wicks signaling selling pressure). I anticipate a bearish move toward the 75.50 level, which represents a logical target for this setup.This setup aligns with the expectation of a potential correction within the broader market context. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
TVC:USOILShort
by DanieIM
MSFT – Potential Buy Opportunity at Support LevelThe MSFT stock price is approaching a key demand zone, which has served as strong support in the past. This zone has witnessed significant buyer interest during previous tests, making it a critical area to watch for a potential reversal. The current downtrend could find support in this demand zone, leading to a bullish bounce. If the price shows clear reversal signals, such as long lower wicks or bullish engulfing candles, buyers could push the price higher. The first potential target for this move would be around the $433.25 level. What do you think about this analysis? Feel free to share your insights or alternative perspectives in the comments!
NASDAQ:MSFTLong
by DanieIM
USDZAR - Potential Short from Key Resistance ZoneThe USDZAR pair is currently trading near a significant resistance zone around the 19.10300 level. Historically, this area has acted as a key turning point, where sellers have stepped in to push prices lower. The recent approach toward this resistance suggests a potential bearish scenario if price action confirms a rejection. A clear rejection pattern, such as bearish engulfing candles, long upper wicks, or other signs of selling pressure, could indicate the start of a downward move. If this scenario unfolds, the price may head toward the 18.62617 target level, aligning with a potential corrective phase in the market. This setup reflects the broader expectation of a pullback within the existing market structure. Traders should closely monitor price action at the resistance zone for confirmation signals before entering positions. Feel free to share your thoughts or any additional insights!
Short
by TrendDiva
CADCHF - Potential Sell From Key Resistance ZoneThe CADCHF pair is approaching a significant supply zone, marked by historical price rejections and strong resistance levels. The current market structure suggests the potential for a reversal at this level if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market may move downward toward the 0.63128 level. This setup aligns with the idea of trend exhaustion near resistance. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Short
by DanieIM
Bitcoin (BTC/USD) – Key Technical UpdateCurrent Price Action: Bitcoin is testing a critical breakout point from a rectangle continuation pattern. If the breakout occurs, the next target range is $115,000–$120,000. The bullish trend remains intact, supported by the formation of a higher low on January 13, and the strong support zone between $90,000–$92,000. Key Levels to Watch: Support: $90,000–$92,000: This support zone has proven crucial for maintaining bullish momentum. As long as Bitcoin stays above this level, the market remains bullish. Resistance: $115,000–$120,000: This is the immediate target range if the breakout from the rectangle pattern confirms. A successful move into this zone would signal continued bullish strength. Market Implications: A successful breakout would likely push Bitcoin toward new all-time highs, further confirming the strength of the bullish trend. Support at $90,000–$92,000 needs to hold for continued upside. A drop below this zone would challenge the bullish structure and necessitate a reevaluation of the trend. Outlook: Bullish Scenario: A breakout above the upper boundary of the rectangle pattern would trigger a rally toward $115,000–$120,000, with new all-time highs likely. Bearish Scenario: A failure to hold $90,000–$92,000 could lead to a deeper pullback, challenging key levels and potentially signaling a trend reversal. Conclusion: Bitcoin is at a critical point. A confirmed breakout from the rectangle continuation pattern would open the door to significant upside, with a potential move toward $115,000–$120,000. As long as $90,000–$92,000 holds as support, the bullish outlook remains strong.
BITSTAMP:BTCUSD
by Richtv_official
XAUUSD - Gold Testing Resistance LevelGOLD is approaching a key resistance zone, which has historically acted as a strong supply area. This zone has previously seen significant price rejections, suggesting that sellers may step in again if the price reaches this level. The current market structure shows a bullish move toward this resistance zone, but the momentum may begin to fade as it tests the upper boundaries. If the price confirms a rejection at this resistance zone with clear bearish signals, such as wicks or bearish engulfing candles, we could see a potential downward move. I anticipate that, upon rejection, the price may head lower toward the $2669 level. This setup aligns with the idea of trend exhaustion near resistance, providing an opportunity for a short-term correction. Let me know your thoughts or if you have any additional insights regarding this setup! Feel free to share in the comments!
ICMARKETS:XAUUSDShort
by DanieIM
Weekly GEX Insights: 01/13 SPX dropTotal Correction? What Can an Options Trader Do in This Situation? How Far Might We Fall This Week? We’ll tackle these questions in this week’s options newsletter! It looks like the new president hasn’t even been sworn in yet, but the market is already reacting with fear to every statement he makes. Last week’s economic data didn’t help ease those concerns either. SPX Weekly Analysis Friday’s red candle set a bearish tone heading into this week. Everyone is predicting and pricing in a potential market apocalypse, and I keep getting the same question: “Greg, how far can we fall?” My answer remains the same: we can fall indefinitely—nobody can know for certain ahead of time. What we can do, however, is analyze our charts and use the our weekly GEX profile to identify the key levels, so we can better understand the market’s dynamics. Examining expirations through Friday, every NETGEX profile is negative , so we can expect volatile movements this week. We’re currently trading below the HVL level, which means that market makers are likely to move in tandem with retail traders. This typically results in bigger swings. We already saw this heightened volatility last week—just look at the size of the candles, and you can tell how quickly sentiment can shift. Below 5965 (the HVL level), we are in a high volatility zone what lies underneath? 1st Support Range: 5780–5800 5800: Currently the strongest PUT support level on the downside. A correction may pause here due to profit-taking. Right beneath this level is the previous gap-fill zone. Remember, these areas function as ranges rather than single lines, as I’ve highlighted down to 5780. This could easily be a take-profit target for traders playing gap fills—an approach that’s quite popular. 2nd Support Range: 5700–5650 (Very Strong) Starting at 5700: We encounter another robust PUT support zone. This area is reinforced by previous lows, previous highs, and the 4/8 grid boundary from our indicator. Even if nowhere else, many expect at least a local rebound to occur within these levels. Putting it all together, it’s clear that the weekly trading range is shaping up to be roughly between 5680 and 5965, expecting big & volatile moves. Remember, CPI and PPI data are coming out on Tuesday and Wednesday, which could trigger additional volatility. When looking at SPX, SPY, or /ES futures, my opinion is that the rapidly spiking implied volatility (IV) during a market drop, along with a PUT pricing skew, can present favorable opportunities for options traders. The distance to the strongest lower support zone is around 100–150 points, so you could: Trade directionally for the short term—hoping to be either right or wrong quickly, or Try to profit from the market situation in a more strategic way (which is what I typically do). Personally, I prefer the second approach: I’ll open short-term (a few days) credit put ratio spreads for a small credit, which gives me a wide breakeven range and a big “tent” on the downside.
SP:SPX
by TanukiTrade
TradeCityPro | TRUMPUSDT Strategy to Drive Capital into Altcoins👋 Welcome to TradeCityPro Channel! Let's dive into this recent development where the current U.S. president has launched his official meme coin, along with his wife’s official meme coin. We’ll explore the technical and fundamental aspects of this topic. 🎤 Inauguration Summary Before starting today’s analysis, let’s briefly review the key points from the inauguration speech: Economy & Entrepreneurship : Trump emphasized the need to strengthen the U.S. economy, cut taxes for businesses, and support entrepreneurship, with the goal of creating more job opportunities and boosting the economy. National Security: Trump stressed the importance of protecting the country's security and addressing both internal and external threats, including terrorism and cyberattacks, pledging to strengthen the U.S. military and intelligence forces. Individual Freedoms: Trump talked about protecting individual freedoms and reinforcing the rights of American citizens. He promised that his administration would support individuals' rights and civil liberties. Immigration & Borders: One of the key issues Trump highlighted was immigration. He called for stronger U.S. borders and stricter laws on illegal immigration. 📉 15-Minute Chart Looking at the 15-minute chart, there’s limited data for technical analysis, so it’s hard to draw any conclusions. Binance currently has the best chart for this coin. Last night, coinciding with the inauguration, we saw a 46% correction on the 1-hour candle, which led to the liquidation of many positions. It’s safe to say most futures positions got liquidated. For now, I’m not planning to buy or enter a position on this coin. However, if you are interested in purchasing, I would suggest waiting for a breakout above 61.71, and I recommend exiting below 43.97. The tokenomics of this project are risky, and I believe there are other reasons why Trump introduced it. 🚀 The Bigger Picture From my perspective, this move is quite beneficial for the cryptocurrency industry. It shifts the focus from just Bitcoin to altcoins, encouraging investors to diversify into them. Additionally, because this coin can only be purchased with fiat or on the Solana network, it has led to the entry of a new wave of users into the crypto market. This could continue, much like the hamster trend or Telegram bots. In terms of market capitalization, this coin performed remarkably well, reaching the 13th position and becoming the second-largest meme coin. It’s currently ranked 4th in 24-hour trading volume, which could be a good opportunity if you're looking to generate liquidity. 🔒 Tokenomics and Network Performance From a tokenomics standpoint, the coin is a bit weak, as 80% of the tokens are held by the project team, including Mr. Trump. Soon, 40% of these tokens will be unlocked, which will likely create significant selling pressure. However, in terms of market cap, its performance has been extraordinary. I also have some criticism regarding the Solana network. Despite being a crypto enthusiast, Solana's network outages and performance issues in transactions show that the crypto space is still not ready for high transaction volumes. The industry needs to find a way to simplify networks and tokens so that ordinary users can easily enter the market. 📊 Capital Management Advice If you want to be part of this space and invest in this coin or other meme coins, it’s crucial to follow strict capital management rules: Avoid Futures Trading: Due to the high volatility of these coins, you’ll almost certainly get liquidated if you trade futures. Be Realistic: Don’t expect to become rich overnight. Avoid using money you can’t afford to lose never invest money from selling your car or house. HODL with Caution: If you plan to hold this token, make sure the amount you invest is money you can afford to lose. The amount will vary depending on your lifestyle. Verify Contract Addresses: Always double-check the contract address or the exchange. Social media trends can lead to scams, and scammers may try to sell you fake tokens that will never return your money. Be Mindful of FOMO: While Trump’s token has increased by 5000% recently, it’s unlikely that it will turn $50 into $1000 right now. For that to happen, the market cap would need to increase by 20 times, which is highly unlikely. So, be cautious about the FOMO in the social media space. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
22
FWOG/USDT: 35% Upside Target | Rising Wedge FormationFWOG/USDT Analysis: Current price: $0.28 (-0.97%) Key levels: - Resistance: $0.34-0.35 - Support: $0.26-0.27 Pattern: Rising wedge forming with potential breakout zone at $0.34 Trade setup: - Entry: $0.26-0.28 - Target: $0.34 (35% potential upside) - Stop loss: Below wedge support ~$0.24 - R:R ratio: 1:2.5 Watch for: - Volume confirmation at breakout - Support level holds - Rising trendline integrity DYOR - This is not financial advice. Always manage risk and position size appropriately.
MEXC:FWOGUSDTLong
by Supachai-Taechapisit
GBPJPY POSSIBLE SELL CONTINUATIONGBPJPY the precious pair has been on an overall bearish move on the Monthly TF. Since last week we saw price unable to break the 199 price level after a second retest, pushing The Beast down, creating Lower Highs and Lower Lows. Its also worthy of note that that area is also the second touch of the Monthly 61.8fib. Following the current Bearish move, price is currently at the 61.8fib level of the last impulse move. This Fib Level also coincides with the descending trendline and the area of Support turned Resistance. We look out for a sell comfirmation to get into a sell OR we wait for price to break the last Lower High which is the 193 price area to comfirm a change of Character.
by KAYCEEFX1
UPDATE ON TRADE EUR/USDEUR/USD 4H - This is another piece of analysis that was provided last week and in this Sunday Sessions video, as you can see price played out perfectly. With recent fundamental news backing our analysis the potential to profit today on this market was crazy, with our TP approaching we could look to take some partials. This trade is running + 127 pips. (+ 5.7%) 5.7RR Predicting strength in the EUR this week was pushing for an outcome like this, I even posted some fundamentals this morning to back my analysis. A big well done to anyone who got involved in buys on this market this morning, again if you guys have any questions or queries with regards to this analysis drop me a message or comment below!
Long
by Lukegforex
UPDATE ON XAU/USD SS ANALYSISXAU/USD 1D - Well as you can see price has played out perfectly to the analysis provided on this weeks Sunday Sessions video, we have seen price respect the area of Demand. Demand was then introduced which then continued to trade price higher, continuing the bullish structure to the upside, we now want to see price react well to the Supply Zone we have marked out above. This trade is currently running + 167 pips. (+1.8%) 1.8RR I personally did not place this position as it was early hours this morning when this trade was validated and traded into this zone however the zone was provided and the path was given for this trade to be placed. Well done to those of you who either placed a pending order or jumped in on this market, if you have any questions with regards to this analysis drop me a message or comment below.
FOREXCOM:XAUUSDLong
by Lukegforex
1
EURCZK: Potential Sell Setup at ResistanceOANDA:EURCZK is at a key resistance zone that aligns with prior price rejections and key supply levels. This area has historically attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 25.17333. Conversely, a break above this level could signal further upside and invalidate the bearish setup. Traders should carefully evaluate price action at this zone before entering positions.
Short
by DanieIM
1
PEPEUSDTKey Features Support and Resistance Levels: Support: The first support level is marked around 0.0124 (middle blue line). A deeper support level is identified at 0.0052 (bottom blue line), which represents a historical low area. Resistance: The key resistance level is around 0.0265 (top blue line), where the price previously faced rejection. Current Price Action: The price is currently trading near 0.0163, which is closer to the middle support zone. The red and green arrows suggest potential scenarios: Green Arrow: A bullish move toward resistance at 0.0265 if buyers regain control. Red Arrow: A bearish move breaking below support at 0.0124, with the next potential target being the lower support at 0.0052. Trend Overview: The price experienced a significant rally in 2024, followed by a pullback, and is now consolidating between the middle support and resistance levels. The overall trend is neutral, with the price stuck in a range. Potential Scenarios Bullish Scenario: If the price bounces from 0.0124 and gains momentum, it may attempt to test the next resistance at 0.0265. A break above 0.0265 could indicate a continuation of the uptrend, with potential for further upside. Bearish Scenario: If the price breaks below 0.0124, it could trigger a sell-off toward the next major support at 0.0052. This would indicate bearish sentiment and could result in a prolonged downtrend. Trading Strategy For Buyers: Look to buy at 0.0124, the key support zone, if there are signs of a bullish reversal (e.g., bullish candlesticks, volume increase). Consider adding to positions if the price breaks above the resistance at 0.0265, targeting higher levels. For Sellers: Consider selling if the price shows rejection near 0.0265, with a stop loss slightly above. Look for a short position if the price breaks below 0.0124, targeting the lower support at 0.0052. Risk Management Stop Loss: Buyers: Below 0.0124. Sellers: Above 0.0265. Take Profit: Buyers: Around 0.0265 or higher. Sellers: Around 0.0124 or 0.0052.
by Dee9549
NOKJPY - Buy Setup from Key SupportFOREXCOM:NOKJPY is currently at a significant demand zone that has historically attracted buyers, triggering bullish reversals. This support level has been pivotal in past price actions, forming a solid base for potential upward momentum. The appearance of a strong bullish candle reinforces the setup, suggesting the likelihood of an upward movement, with a target around 13.7785. However, if the support level is breached, the bullish sentiment could fade, allowing for a possible decline. Traders should remain alert in this zone for signs of buyer strength before taking long positions. Proper risk management is critical to mitigate the risk of losses.
Long
by TrendDiva
2
xrp ripple long longterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle