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Support and Resistance

EURAUD - Potential Short from Resistance ZoneThe EURAUD pair is approaching a significant resistance zone. The current bullish momentum into this area may provide an opportunity for sellers to regain control. A bearish confirmation, such as rejection patterns, bearish engulfing candles, or signs of slowing momentum, would increase the likelihood of a pullback. If the resistance holds, the price could target the 1.66150 level. Traders should monitor for confirmation of selling pressure before initiating short positions. This setup aligns with a potential corrective move within the broader market structure.
Short
by TrendDiva
1
AUDJPY: Bullish Bounce Expected from Key Support ZoneOANDA:AUDJPY is approaching a significant demand zone, marked by prior bullish reactions and strong buyer interest. The current market structure suggests the potential for a reversal in this area if buyers regain control. This demand zone aligns with a key support area. If price action confirms rejection with bullish patterns such as pin bars or engulfing candles, I anticipate a move upward toward the 96.910 level, representing a key resistance. This setup aligns with the expectation of a trend continuation from support. Feel free to share your thoughts or additional insights in the comments!
Long
by DanieIM
USDJPY: Very Bearish SentimentUSDJPY had been consolidating significantly since mid-December, trading within a large horizontal range on a daily timeframe. However, following the release of certain fundamental news, the currency pair appears to have a strong bearish outlook. The breakout below a support line within the range suggests that a bearish accumulation phase has been completed. This could lead to further declines, with attention now turning to the next support level at 154.4.
Short
by linofx1
3
EURAUD at Key Resistance: Bearish Bounce ExpectedOANDA:EURAUD is trading near a significant resistance zone, characterized by historical price rejections and strong selling pressure. The current market structure indicates the potential for a reversal if sellers regain control at this level. This resistance zone aligns with a key supply area, suggesting that bearish pressure may emerge. If price confirms rejection with bearish candlestick patterns or signs of exhaustion, I anticipate a move downward toward the 1.66105 level.
Short
by DanieIM
USDCAD at Key Resistance: Bearish Bounce ExpectedOANDA:USDCAD is approaching a significant resistance zone, marked by historical price rejections and strong seller activity in the past. The current market structure indicates the potential for a reversal in this area if price action confirms seller strength. If the price confirms rejection from this resistance zone, I anticipate a move downward toward the 1.43925 level, which represents a logical target within the current market structure What are your thoughts on this analysis? Feel free to share any additional insights or alternative perspectives in the comments!
Short
by DanieIM
1
USDCAD - Potential Short from Key Resistance ZoneThe USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control. A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level. Traders should monitor price action closely for signs of selling pressure before entering short positions.
Short
by TrendDiva
1
Crude OIL SHORT Today Ran For +4R BreakdownNYMEX:CL1! "Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos Confluence Profile 500K (Expectational Order-Flow + PA) 10pt Stop / +4R Run... Well Done!! Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
NYMEX:MCL1!Education
by TreyHighPwr
S&P 500 / Consolidation with Bearish and Bullish PotentialS&P 500 Analysis The price needs to stabilize below 5,969 to target 5,937, and breaking this level would confirm a continuation of the bearish trend towards 5,893. Alternatively, the price must break above 5,969 by closing a 4-hour or 1-hour candle to signal a bullish trend, with potential upside targets at 6,022. Currently, the market is consolidating between 5,937 and 5,969. Key Levels: Pivot Point: 5,969 Resistance Levels: 6,000, 6,022, 6,057 Support Levels: 5,937, 5,908, 5,864 Trend Outlook: Consolidation is observed between 5,937 and 5,969.
OANDA:SPX500USDLong
by SroshMayi
Is EURUSD Set for a Reversal? Watch the Potential Reversal ZonesThe recent release of Core PPI and PPI m/m published in lower than expected , signaling a potential decrease in inflationary pressures in the U.S. This could lead to speculation about a more dovish stance from the Federal Reserve, which might weaken the U.S. Dollar and provide support for other currencies, including the Euro. Let’s analyze how this data could influence the EURUSD ( FX:EURUSD ) chart. The EURUSD is moving through a Heavy Support zone($1.036-$1.011) . According to the theory of Elliott waves , it seems that EURUSD has completed the main five waves (downward) , and we can expect upward waves . I expect EURUSD to start rising again from the lower Potential Reversal Zone(PRZ) and Uptrend line and then attack the upper Potential Reversal Zone(PRZ) . If this zone is broken, we should wait for the EURUSD to attack the Resistance line . 🙏Please respect each other's ideas and express them politely if you agree or disagree. ⚠️Note: If the EURUSD goes below the lower Potential Reversal Zone(PRZ), EURUSD may fall further. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
Gold remains strongly bullish In my post yesterday, I mentioned that gold could extend its upward movement and reach the important 2720 resistance zone (clearly highlighted in the chart I shared). As expected, the price climbed to that level and, as is typical, began a correction. In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward trend. There is a strong likelihood that gold could break above this resistance level, possibly as soon as today or early next week.
OANDA:XAUUSDLong
by Mihai_Iacob
4
Closing above Mother line & Pitchfork median line unsuccessful.Nifty tried hard to close above Mother line of 50 Weeks EMA and Pitchfork median line this week but was unsuccessful. Closing above 23433 is imperial for Nifty to gain a bullish momentum. Pitchfork is used to determine the long term trend of Nifty. In this particular chart the Pitchfork starts from 2021 and extends till 2026 end. The upper side has lot of potential as you can see the top is leading towards 32.5K+. Even the Median line is leading towards the target close to 29K. Supports for Nifty in the medium term because of the current bearish trend are at 22.8K, 21.8K, 21.2K, 20.2K and finally 200 Weeks EMA or the Father line at 19.5K.(This looks improbable as of now on chart as these levels are even below the pitchfork trend channel.) Usually the tops and bottoms of Pitchfork channel are not easy to break hence the worst case scenario as of now looks like 20.2K. Looking at the bigger picture IMF has declared a robust outlook for India for the next 3 years with GDP growing at an average of 6.63% for the next 3 years. (2025-6.5%, 2026-6.7% and 6.7%). However actual GDP growth can be much higher if the Government remains stable for a sustained period of time. The IMF estimates should be taken with a pinch of salt. Long term investors can utilise every fall to add some blue chips. Remain selective in Mid and Small cap space as the PE in some of the Mid and small cap companies are still at unsustainable levels even after this fall. For Bulls to be back in business we need a weekly closing above Pitchfork median and Mother line at 23433. Weekly Closing above 23433 would have potential to take us near 24.5K or even above 25.5K levels in the short to medium term. Closing below 22.8K can bring little more wait and pain for investors. Good effort by Nifty this week but closing was not good. We need a strong move next week for Bulls to be back to business. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Bitcoin Breaks $100,000 Once AgainIn a context of volatility, Bitcoin has staged a remarkable rally, breaking past the $100,000 barrier once again, generating renewed optimism in the cryptocurrency market. This bullish momentum, with a weekly growth exceeding 8%, is supported by a confluence of factors ranging from political developments to macroeconomic trends. One of the key drivers of this rally is the imminent inauguration of President Trump, scheduled for January 20. His well-known favorable stance toward digital assets has sparked expectations of pro-crypto policies, including the possibility, according to reports, of an official declaration of Bitcoin as a reserve. This speculation has resonated with investors, boosting demand and Bitcoin's price. The potential designation of Bitcoin as an official reserve by President Trump could represent a watershed moment for legitimizing digital assets globally. Institutional capital flows also play a critical role. Significant inflows into Bitcoin ETFs were recorded yesterday, totaling USD 626 million, signaling a growing interest from institutional investors in this asset. These capital inflows strengthen the bullish outlook and validate the increasing adoption of Bitcoin as a legitimate asset class. From a macroeconomic perspective, recent U.S. economic data, which indicate a relative easing of inflationary pressures, have fueled expectations of a less restrictive Federal Reserve. The Fed is expected to hold current interest rates in the short term, with potential signs of a more accommodative monetary policy in the second half of 2025. This macroeconomic environment favors non-yielding assets like Bitcoin by reducing the opportunity cost of holding them. The prospect of a less restrictive Fed in 2025 creates a favorable environment for assets like Bitcoin, which benefit from lower interest rates, alongside a reduced cost of capital supporting risk-associated assets. Additionally, the expiration of Bitcoin options contracts, valued at USD 2.2 billion, with open interest concentrated at the strike price of USD 120,000, reinforces optimistic expectations for the short and medium term. In summary, the current Bitcoin rally is supported by a combination of political, institutional, macroeconomic, and technical factors. While risks remain, particularly if political expectations do not materialize, the overall outlook points to a strengthening of Bitcoin’s price in the short and medium term. 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.
PEPPERSTONE:BTCUSD
by Pepperstone
Bitcoin's Path to $253,953 in 2025 – A Technical PerspectiveIdea Description: In this analysis, I aim to present why I believe Bitcoin (BTC) could reach $253,953 in 2025. This price target is derived from a combination of historical trends and advanced technical analysis. 1️⃣ Key Resistance: The Historical Trendline The trendline formed by the peaks of 2017 and 2021 acts as a robust resistance level. Historically, these trendlines have played a pivotal role in determining Bitcoin's price action during bull cycles. 2️⃣ Convergence with SpiderLines The SpiderLines, established in 2019, perfectly align with the aforementioned trendline, creating a critical confluence zone. This dual-layered resistance suggests that $253,953 will be a significant psychological and technical barrier. 3️⃣ Supporting Market Cycles Analyzing past cycles, we see that Bitcoin often revisits key trendlines in subsequent bull runs. The historical context suggests that 2025 will align with the next cycle peak, reinforcing this price prediction. This idea highlights the importance of respecting historical levels and recognizing key confluences in market analysis. What are your thoughts on this projection? Could BTC challenge this resistance and push higher? Let’s discuss!
BITFINEX:BTCUSDLong
by SetKryptoBalans
Potential bottom, turnaround; catalyst today?Buenos dias, This stock is crazy and I won't get into the details except at high level: The stock has, until recently, only had ~6.5m issued shares. Some dingus (or genius) cashed in their warrants for ~130m new shares, which sent the trade volume into a craze the past few days. Yesterday GCTK was the most traded stock and the most shorted stock on NASDAQ. Today the market cap of the company based on issued shares is approximately $ 20m. We do not know if the original owner of the warrants cashed out, is holding, or plans to cash out, although they received an outsized portion of shares for their warrants and could dump on the market, although I suspect the massive volume is related to their offloading of shares. Take a look at the larger chart - it has been dump city for years. So goes the life of a R&D company with no products. The company, however, has developed a novel diabetic monitor that is implantable, lasts 2-3 years, and gives real-time accurate data. This is an order of magnitude more efficient and capable than the best version of implantable devices today. The predict $ 1B in revenue early on after product launch. Today, they are presenting their latest trial data, presumably from their human subjects, at a major biotech conference at 12:30pm Eastern. This will be their first human-based data release. Taking a look at the past few days on the chart, despite a flood of new shares and despite a flood of shorting, the price has effectively triple bottomed at $0.11 and has withstood the great flood. I suspect that this is a new floor, and we will see a period of upward price movement, likely preceded by a large spike today due to speculators. I believe shorters are massively offside here, and there is opportunity to make a significant gain today and potentially over the next few years. Once they go to launch their product, it will be too late for speculators to make massive ROIs.
NASDAQ:GCTKLong
by nothximgood
Trade Idea Week 20 Jan 2025: EURUSDBullish Thesis Key Drivers: The EUR/USD remains in a long-term bearish trend in the 4-hour timeframe, characterised by lower highs and lower lows. However, recent price action shows signs of consolidation around a critical support zone near 1.0250–1.0280, presenting opportunities for both upward retracements and continued downward moves. Indicators like the MACD suggest weakening bearish momentum, while the ADX shows a weak trend environment, implying traders would focus on key levels for directional triggers. Eurozone Economic Data: Improved PMI readings (forecasted above 50 for services) may signal resilience in the Eurozone economy, potentially boosting EUR sentiment. ECB President Lagarde's Speech: Any hints of future hawkish monetary policy could support the EUR. Entry: 1.0280 Target TP1: 1.0320 Extended Target: 1.0340 (Weak High from 4-hour chart) Stop Loss: Below 1.0250 to protect against a breakdown of support. Risk/Reward: 1:2 Bearish Thesis Key Drivers: The long-term bearish trend remains dominant, making the 1.0340–1.0380 resistance zone a strong candidate for selling opportunities. Price action in this area aligns with the broader trend, and bearish rejections are likely to signal further downside. Entry: Between 1.0320–1.0340 Target TP1: 1.0280 (short-term support) Extended Target: 1.0250 (next demand zone on higher timeframe) Stop Loss: Below Above 1.0360 to guard against a breakout above the strong resistance. Risk/Reward: 1:2 Key Events: Tuesday (Jan 21): German ZEW Sentiment Data: Monitor the release for unexpected positive or negative surprises. UK Employment Data: Indirect EUR movements may occur due to the EUR/GBP pair correlation. Wednesday (Jan 22): ECB President Lagarde's speech. Hawkish tones could favor the bull thesis, while dovish comments could strengthen the bear thesis. Trade Ideas are for informational purposes only.
Long
by Shiven_80eight
HBAR Analysis and Future OutlookHello, Traders! The HBAR price demonstrated an impressive rally, surging by 850% in just one month, followed by a natural correction phase. After retracing over 35% from its local top, HBAR managed to recover all losses and established a new local high at the $0.4 level, showcasing strong bullish momentum. Current Price Dynamics: It appears that HBAR has already formed its local bottom, and the price is preparing for a potential breakout to higher levels. However, it has now entered a critical resistance zone ranging from $0.4 to its ATH, which currently stands at $0.575. Breaking through this zone will require significant buying pressure, but the token recent performance suggests that the market sentiment remains highly optimistic. Market Sentiment and Hype: With increasing hype and attention around HBAR, driven by its technological advancements and ecosystem developments, there's a high probability of the token achieving a new ATH within the next couple of months. Entry Points and Strategy: For those who missed the previous correction phase, it's advisable to wait for another potential retracement around the $0.3 level, which could provide a solid entry point. From there, setting targets above $0.6 would be a realistic strategy, given the current bullish outlook and market conditions. Key Levels to Watch: - Resistance: $0.4–$0.575 (ATH) - Support: $0.3 (potential retracement) - Target: $0.6 and beyond Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
2
ALTS | TOP Altcoins for 2025Altcoins are forever growing and expanding, but it's important to look at coins that have a future BEYOND the first month of trading. Note that these will not be NEW alts, no microcaps, but rather alts that are worth considering in a portfolio. Let's first run through the several distinct types of altcoins, each with unique characteristics and purposes. With that, I will list some of the top altcoins to consider for 2025 in that category: Security Tokens These represent ownership in a traditional asset, such as shares in a company. They are subject to securities regulations and offer fractional ownership. Currently, the ones I'm watching are tZERO and SPiCEVC. The whole idea behind tZERO is to make trading digital securities just as easy and seamless as trading stocks on conventional markets. This makes it a game-changer for both investors and companies looking to tokenize their assets. SPiCE VC is a venture capital fund that’s making waves in the blockchain world by offering tokenized access to its portfolio. If you're not familiar with it, SPiCE VC is one of the pioneers in the security token space, and it gives investors the chance to gain exposure to a range of tokenized assets. The SPiCE token itself represents a share in the fund’s future profits, making it a really interesting option for those who want to diversify their investments without going through the traditional venture capital route. Payment Tokens Designed to function as a digital currency, these aim to facilitate peer-to-peer transactions and act as a medium of exchange. Bitcoin is the original example, and many altcoins attempt to improve upon its features such as transaction speed or scalability. 1) XRP | BITSTAMP:XRPUSD I'm no fan of XRP, but the potential collaboration with Bank of America could prove to be good for the price. 2) BNB | BINANCE:BNBUSDT Initially created to pay for fees on the Binance exchange, now used in various applications and transactions. Stablecoins These aim to minimize price volatility by pegging their value to a stable asset, most commonly a fiat currency like the US dollar. This peg can be maintained through various mechanisms, such as holding reserves of the pegged asset (fiat-backed)/ using algorithms to manage supply (algorithmic stablecoins) 1) USD Coin (USDC) | CRYPTOCAP:USDC Issued by Circle, USDC is known for its strong regulatory compliance and transparency. Circle is a regulated financial institution that holds reserves of US dollars and other highly liquid assets in segregated accounts at regulated financial institutions. 2) Tether (USDT) | CRYPTOCAP:USDT Issued by Tether Limited, USDT is the largest stablecoin by market capitalization. Utility Tokens These provide access to a specific product or service within a blockchain-based ecosystem. They are not designed as investments but rather as a means of accessing functionality within a network or platform. 1) ETH | COINBASE:ETHUSD Ethereum keeps growing, and its still the king of ALTs. 2) SOL | MEXC:SOLAUSDT Sol could be regarded as a major competitor to ETH, and at the current moment still has a bright future. 3) TON | OKX:TONUSDT Developed to offer payment services using technology created by Telegram, Toncoin could see growth in 2025. 4) ARB | BINANCE:ARBUSDT Arbitrum is a Layer-2 scaling solution for the Ethereum blockchain, designed to improve transaction speed and reduce costs and could grow in 2025 and beyond. 5) AVAX | BINANCE:AVAXUSDT Focusing on high performance and scalability, Avalanche supports the creation of custom blockchain networks and decentralized application. Meme Coins These cryptocurrencies often originate as jokes or based on internet memes and trends. They typically lack underlying utility or technological innovation and their value is driven primarily by community hype and social media sentiment. 1) DOGE | BINANCE:DOGEUSDT Dogecoin is a classic, and still shows much room for growth both in upside potential (price) as well as adoption. 2) PEPE | BINANCE:PEPEUSDT Pepe has grown to an impressive market cap, and seems to be one of the meme's that are here to stay. (At least for a while). 3) WIF | CRYPTO:WIFUSD Dogwifhat is a little scary, fairly recently released and still has to retest opening levels. However, there is a large hype surrounding it and the general market seems to be optimistic about its future. _______________________ Note that these are just SOME of the great options. I'll do a dedicated post on promising microcaps soon.
BITSTAMP:XRPUSDLong
by CryptoCheck-