Support and Resistance
$SPY All-Time Highs in FocusLooking ahead to this new trading week, I’m interested in seeing some shorts come in. We’ve returned to all-time highs , but the climb faced minimal resistance—aside from some signs of pushback on Friday.
I’ll be very cautious about entering any long positions unless we see price action consolidating or trading closer to the 610-612 levels . Until then, I’ll remain hesitant and look for more clarity in the market’s direction.
What’s your take on this setup? Drop your insights below!
BTC/USD H1 Prediction for 27/01/2025📊 FXFOREVER Bitcoin Market Analysis
The price is testing a critical support zone between $97,381 - $97,670 (green area). A potential upside move is expected if this level holds, targeting resistance at $100,854. 📈 Wait for confirmation before executing trades! 🚀
💡 Key Levels:
📉 Support: $97,381 - $97,670
📈 Resistance: $100,854
#FXFOREVER #BitcoinAnalysis #BTCUSD #CryptoTrading #TechnicalAnalysis #MarketTrends #CryptoInsights
GBPPLN: Bullish Bounce Expected from Key Support ZoneOANDA:GBPPLN is at a significant demand zone, marked by prior price rejections and strong support level. The current market structure suggests the potential for a bullish reversal at this level if buyers regain control.
I anticipate that if the price confirms a rejection from this demand zone, the market may move upward toward the 5.07402 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts!
XAGUUSD downside target 29.5On the 4-hour chart, XAGUUSD fell back after testing the previous supply zone, and short-term bears are dominant. At present, you can pay attention to the resistance near 30.5. If the rebound is blocked, you can consider shorting. The support below is around 30.0. After breaking through, the support below is around 29.5.
Indecisive candle Nifty looking for a Breakout on either side. Like last week this week to Nifty has remained indecisive could not go up with the momentum and could not break the critical support on the down side. Such things happen generally when Nifty is in search of bottom or it has formed the bottom.
If Nifty has already formed the bottom and support at 22935 holds we can see an up side where the resistances will be at 23270, 23419 (Mother line on Weekly charts, very strong resistance), 23806 and 24203.
If Nifty dives down searching for a bottom we have supports at 22935, 21886 (Channel bottom support) and finally 21232 major support which is also pretty close to the lows of June 2024 Election result day lows which was at 21281. things hanging by the thread and shadow of the candle is Neutral to negative. Hoping for a short covering / Technical bounce anytime next week. Everything depends on the budget now. If the budget is good we can see a comeback rally in Nifty if not we will see it forming a bottom in mid or end February 2025.
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.
bullish rally for AUDJPYI have marked 3 circles where the price has made a strong support plus the price has also indicated a broken trendline although the last bullish divergence is playing its role in pushing the price upwards the true confirmation of a bullish trend will be when the price will break the previous marked LH.
Alikze »» INJ | Bullish Diamond Pattern - 1D🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement
📣 BINANCE:INJUSDT In the analysis presented in the 12-hour timeframe , it was noted that the INJ currency is moving in an ascending channel.
🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area.
🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel.
💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern.
💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area.
🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again.
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Anticipating $ESH2025 to drop below 6070 by February 7All the usual disclaimers:
1. I am not registered with FINRA. I am not a financial advisor.
2. Prior performance is not a guarantee of future performance.
3.This post is not and is not intended as financial advice. Instead, this post shares speculation upon hypothetical possible future outcomes.
4. This post uses purely doodling and technical analysis. It is not based to any extent upon education from news sources, information releases from underlying firms, nor upon microeconomic nor macroeconomic principles.
A. The purple rectangle captures the recent downturn movement between December 5-January 14.
B. The green rectangle is a clone of that, based at the golden cross on January 14.
C. The orange rectangle is sized at 100 point range for 1 CME day, centered on last closing price.
D. The rectangle is sized at the 155 point range of December 18, 2024 for 1 CME day, centered on last closing price, starting from the opening bell.
E. Some downturn indicators arrowed to for discussion reference.
CME_MINI:ESH2025 is in the local zone of contention, which has been magnetic since Thanksgiving. It appears that it is more likely than not that CME_MINI:ESH2025 will remain within the local zone of contention for at least the next few days, returning repeatedly to 6130-6135. But, CME_MINI:ESH2025 is also far away from the 90 minute time frame's MA200 trendline, and since November CME_MINI:ESH2025 has dropped below that trendline four times. From that, I anticipate MA200 CME_MINI:ESH2025 to drop below 6070 by February 7.
Both downturn and upturn trends on the 90 minute time frame commonly have durations of either around 1-2 CME days. On the 90 minute time frame, a few downturn indicator dots accumulated at the end of the CME day on Friday, January 24. It's likely that the downturn trend will continue until at least pre-opening bell on Monday, January 27.
The range should be within 50 points, to an anticipated floor of 6080. For comparison, the total range was 85 points on Monday, January 20. If the downturn range extends to that of December 18, the anticipated floor is 6005.
If range turns bullish, the anticipated ceiling is 6185, with an outside ceiling at 6250.
$POPCAT: Not Over Yet, $2 Incoming by Q2Low hit rate on this setup, as the largest liquidity pool is sitting below 40 cents, and it's a significant weekly block.
I'll be adding a small position around the 50-52 cent range, but I wouldn't be surprised if it dips to the lows at 46 cents before any meaningful reaction.
For me, the better bet is a weekly block below 35 cents. I’m placing bids here and will increase my bids if price deviates below the trend line.
$POPCAT isn’t dead, but I do agree that it’s currently undergoing a major retrace. BYBIT:POPCATUSDT
XCNUSD Sell Setup at key ZoneCOINBASE:XCNUSD is testing a resistance zone that has seen bearish moves before. The recent bullish push into this area suggests potential selling opportunities.
I anticipate a move toward 0.02300. However, if the zone fails to hold, it may open the door for further upside.
If you have anything to add or a different perspective, I’d love to hear from you in the comments!
IOTA is getting ready for the next bull run!Hey guys, Based on the chart a bullish channel has been identified and currently price have reached to the bottom line which can act as a supporting level. Also a bullish wedge is on the chart that can confirm our bias.
So with risk/reward of 1/3, it can be another good and low risk opportunity to buy.
TON LONG READYTON has hit the global support I mentioned in my previous analysis—it was simple and obvious.
From the current state, we’re seeing lower volatility, and this could be a solid entry point for a long to the nearest resistance zone (the red one).
What’s good here?
--
+ 1D bullish candle (but we need to wait for today’s close).
+ 0.5 Fib retracement from the previous support bounce—potentially a great zone to try longs with a small SL.
+ Low volatility
+ Huge 4h divergence
+ Double bottom pattern
+ Global support zone already 2nd bounce.
What’s bad here?
--
- Unstable BTC. BTC’s price seems high with high volatility, which could ruin the long setup if BTC drops.
- If BTC goes down, TON might revisit the support zone again (green one) and test for a third bottom.
- 4H in downtrend.
Boost this if you agree and want more updates.
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Bitcoin crystal ballEvery investor and trader has at sometime wished they had a crystal ball. You can do your own due diligence, taking the time to do technical and fundamental analysis weighing market sentiment and still not be 100% correct every single time. As the saying goes, hindsight is 20/20. So with that said, if you look back at Bitcoin's price discovery history, you can see the general and specific trades you "should" have made. However, how do we extrapolate this data into future trades we "should" make?
For me, It's all based on probability and risk management. I look for high probability and low risk trades. Most of the time a trade is not ready for that perfect timing to trade. It takes planning and patience to setup a great entry and exit. The old adage, “it's not about timing the market, but about time in the market.” That's why investors simply hold on with a long term bullish trend. But, what if you had a crystal ball? Then obviously you would time selling the major tops and buying major lows.
Here's a Bitcoin 1 week chart with Heikin Ashi candlesticks without wicks, to take out the visual noise. In the past 7 years, I have identified only 7 major long trades and 6 major short trades. Why is this important? It means that the last best time to go long was the week of 9/9/24. And it also means the next trade is a short trade. This does not mean the timing is to short Bitcoin today. It just means that if you had a crystal ball you would know when to exit your long position. For now Bitcoin is still a long to hold on to.
BTC/USD crystal ball trades:
#7
long = $54,566 w/o 9/9/24
short = ? w/o ?
profit = ?
time = ?
#6
long = $24,900 w/o 9/11/23
short = $72,777 w/o 4/8/24
profit = $47,877 = 2.92x
time = 7 months
#5
long = $16,543 w/o 1/2/23
short = $31,050 w/o 4/10/23
profit = $14,507 = 1.88x
time = 3 months
#4
long = $29,302 w/o 7/19/21
short = $69,000 w/o 10/8/21
profit = $39,698 = 2.35x
time = 3 months
#3
long = $5853 w/o 3/30/20
short = $64,899 w/o 4/12/21
profit = $59,046 = 11.09x
time = 14 months
#2
long = $3341 w/o 2/4/19
short = $12,320 w/o 8/5/19
profit = $8979 = 3.69x
time = 7 months
#1
long = $1758 w/o 7/10/17
short = $16,275 w/o 1/8/18
profit = $14,517 = 9.26x
time = 6 months
AVAXUSD Reached Key Support Zone – Bullish Move Ahead?COINBASE:AVAXUSD is trading within a significant support zone, marked by historical price rejections and strong buyer activity. This area has previously acted as a major support level, suggesting a high-probability reversal zone.
If the price confirms a rejection within this zone, I anticipate an upward move toward the 38.00 level, which represents a logical target for this setup. However, if the price closes below the zone, it would invalidate the bullish setup and signal further downside momentum.
If you agree with this analysis or have additional insights, feel free to share your thoughts!
FRIDAY GOLD CHART ALERT! WILL GOLD MARK NEW ATH?gold is currently moving at the resistance level at 2777 so gold mark new ATH but before its retest the level of 2766-2768 for fill FVG and then pump again so we will wait for the retrest the zone
Gold trend is overall Bull so another confirmation for pump just wait for the sniper execution then we gonna fly
GOLD buy target is 2785 and next target is 2790
NEXT WEEK target gold will touch 2800 and then 2850 soon Follow me for more updates on gold and have a nice weekend
Key Resistance Level for AUDJPY: Towards 98.000?OANDA:AUDJPY is approaching a critical resistance level that has previously seen bearish reversals. The ongoing bullish momentum could provide an opportunity for sellers to step in and take control.
Key point: If we observe bearish signals such as rejection wicks at this resistance, the price could potentially drop towards 98.000. However, a breakout above this level would invalidate the bearish setup and shift the bias to a more bullish outlook.
It’s important to wait for clear rejection signals before considering any short positions. I'd love to hear your thoughts or different perspectives in the comments!
#POSSIBLE CONDITIONSMarket Outlook for Tomorrow:💯
As we dive into today’s 4H analysis, two possible scenarios unfold:
1:Rejection at the Recent Selling Zone (2654 - 2665): If the market faces resistance here, we
could see a pullback, with price potentially dropping towards 2725.
2:Breaking the First Zone: Alternatively, the market might liquidate its first zone and then face a fresh sell-off from the second key selling area.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#XAUUSD 4H Technical Analyze Expected Move.
The game is on! Let’s watch closely as we await whether the market offers us risk or reward. These selling zones are critical, so make sure to act only after a solid bearish confirmation.💥