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Supportandresistancezones

ONDO BREAKOUT Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout. The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances and the trend is flipping bullish. Bullish targets would be: - Local high (LTF) $0.808 - Daily resistance (1D) $0.901 - Key S/R level (1D) $1.048 - ATH $1.50 Stop Loss: - Local low (downtrend continuation) $0.58 ONDO being one of the standout RWA projects has a great R:R here for the next 6-12 months. Definitely a coin worth keeping an eye on.
by ProR35
2
SPX Key $ Levels | 70%+ Accuracy!New price targets for Sep 24 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Today's Targets Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024Short
by DIY_Trades
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1304, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1220 2nd Support – 1.1188 Stop-Loss: To manage risk, place a stop-loss order above 1.1350. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
2
Sell EUR/AUD Bearish ChannelThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6370, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.6300 2nd Support – 1.6260 Stop-Loss: To manage risk, place a stop-loss order above 1.6400. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
16
Dollar Index SellAs dollar index had expierenced waterfall during new on US session and it has stopped over its weekly support and is also forming a falling wedge pattern which is a Bearish Continuation pattern now and it has also completed ABCD waves and going to complete its last E wave if everything goes inline after E Waves it will break down its weekly to daily Support and will start falling again after a reset market sentiment is also indicating that DXY will continue falling also the confluence is price is trading in down trend on daily to H4 to H1 TF and bullish in weekly and monthly TF according to my anylisis DXY will keep falling till its weekly base acting as support on 98.00
TVC:DXYShort
by Wakeel_Saab
Gold Outlook Today we have experienced a new over purchase manager index PMI which has shown pretty much data that was the reason gold has moved up and USD has dropped now as the news is over and price is forming a resistance over 2630 physiological level also price is consolidating between 2615 to 2630 level which probably be making a flag pattern which is a bullish continuation pattern now we will wait for break above 2630 and break below 2615 then we will act accordingly Thanks
OANDA:XAUUSDLong
by Wakeel_Saab
“Cryptocurrencies on the Move”The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock's IBIT. Bitcoin options trading on IBIT is expected to comply with BlackRock's standards. Following this development, the rise in cryptocurrencies has accelerated, with Bitcoin maintaining its push towards the 65,000 level. Tecnically, if it surpasses the 65,000 resistance level, the 68,500 and then 71,675 resistance levels could be tested. On the downside, if Bitcoin breaks below the 63,300 level, a further decline toward the 60,000 and then 57,330 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
“The Eurozone manufacturing PMI is weak”Following the interest rate decisions by the ECB and the Fed, the EUR/USD pair has risen to the 1.12 level. Meanwhile, the dollar index is recovering its losses post-Fed, which is limiting further gains in the EUR/USD pair. Today, the manufacturing PMI figures released for the Eurozone and Germany came in below expectations. This increased the pressure on the euro currency. From a technical perspective, if the upward trend continues and the 1.1115 resistance is broken, the next resistance levels to watch are 1.12 and 1.1275. On the downside, if pricing drops below the 1.1045 level, 1.0970 and 1.09 could act as important support levels for further declines.
by primequotes
Nvidia looks pretty flat these days but it needs to MOVE ! We believed Nvidia would make the turn to validate and then break point #5, but that wasn’t the case. Nvidia remains within the bearish sequence, but it still hasn’t been able to give us confirmation of reaching point #5. The only thing we need to consider is the structure of the bearish channel, in which the most important part of this structure is our GAP zone (blue), as that’s where most buy orders are positioned, and we can see it has respected it correctly (see green circles). The scenario over the last few days looks very flat; Nvidia has to break the line it’s currently on to activate our point #5 or, in another scenario, retest the GAP Zone, which it has already tested and is of great importance since that's where the largest number of buy positions are concentrated. So, if it comes back to touch our GAP Zone (Blue), you know what to do! Best regards, and thanks for supporting my analysis.
NASDAQ:NVDA
by RocketMike111
1
SWING IDEA - PELNSE:PEL has completed its Lower Low Pattern last year March and has ever since being forming a new Higher High Pattern. At the same time the Price Action and MACD also formed a good Convergence Divergence. Currently the MACD also about to cross in the coming week. This indicates a bullish pattern and chances of going up from here. 915 has formed as a good Support Level and is holding well so far. Once the crossover happens, the stock looks good at least until its Swing High levels.
NSE:PELLong
by thepranam
4
SWING IDEA - LTIMStock seems to have following the Trendline as given. There has been 4 touches so far on this trendline, indicating a strong Support formation. If the stock continues to obey the trendline, it could revisit its Swing High again. MACD Crossover also indicates a good bullish momentum. While there us a Support formed at 4748 level, even our Trendline intersects at the same region in the coming weeks. So if you want a better entry, you can wait for a retest at the Trendline again and then take an entry based on your Risk Management.
NSE:LTIMLong
by thepranam
“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin. From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
“USDZAR on a Downward Trend”The South African Reserve Bank has reduced the policy interest rate to 8.00%. Following this move, the reversals at the 17.40 level in the USDZAR pair have drawn attention. The Fed had unexpectedly cut rates by 50 basis points at its September meeting. This situation has led to significant losses in dollar assets, while we can observe that any increases in the USDZAR pair remain limited. From a technical perspective, if the exchange rate surpasses the 17.70 level, rises may initially extend to 17.95 and then to the 18.20 resistance level. On the downside, if the 17.40 level is breached, we could see a decline to 17.15 and then to the 16.90 support level.
by primequotes
“Can USD/JPY Surpass the 144.0 Level?”The Bank of Japan (BoJ) kept its policy interest rate unchanged, holding it steady at 0.25%. The bank noted that Japan's economic recovery is continuing, and inflationary pressures have eased due to a decline in import prices. According to data released today, Japan's Consumer Price Index (CPI) for August increased by 3% year-over-year, in line with expectations. As a result, the USD/JPY pair has gained momentum, rising from the 140.85 level. From a technical perspective, if the 144.10 level is surpassed, the pair may test the 147.30 resistance first, followed by 149.55. On the downside, if it falls below the 140.85 support level, a drop toward 138.0 and then 135.15 could occur.
by primequotes
“The pound gained strength”The Bank of England (BoE) maintained its policy interest rate at 5.00%, with no changes. BoE Governor Andrew Bailey stated that since they lowered the policy rate in August, inflationary pressures have continued to ease. Bailey also emphasized the importance of avoiding rate cuts that are too quick or too large. Following this development, the GBP/USD pair rose above the 1.33 level. From a technical perspective, if the 1.3355 level is permanently surpassed, the rise could accelerate toward 1.3430, followed by the 1.35 resistance level. On the downside, if prices fall below the 1.3270 level, the decline could extend first to 1.3150 and then further to the 1.3030 support level.
by primequotes
“Gold Prices Target 2600 Level”After the Fed cut its policy rate for the first time in four years, the dollar index saw further declines. The yield on the U.S. 10-year Treasury bond dropped to 3.63% following the decision. This market reaction accelerated the push for gold prices towards the 2600 level. Additionally, the Fed indicated the possibility of another 50 basis point rate cut this year. Fed Chair Jerome Powell noted that upward risks to inflation have decreased, while downward risks to employment have increased. From a technical perspective, if prices remain consistently above the 2580 level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes