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Supportandresistancezones

SUPPORT AND RESISTANCE BREAKOUT ALERT!🚨 Attention Traders! 🚨 XAUUSD is on fire, breaking records with power! 🔥 Here's the latest: Current Range: We're seeing a fierce battle between 3017 and 3043. Will we break out soon? Bearish Scenario: Watch out for a possible dip below this range. If that happens, targets like 2988 and 2978 could be in play. ⚠️ Bullish Scenario: A breakout above 3043 opens up buying opportunities! Watch for movement above 3072, with targets at 3124 and 3150. 🚀 💬 Join the Discussion! What are your thoughts? Let’s ride this wave and make the most of the opportunities ahead! 💎
FOREXCOM:XAUUSD
by ANNA_EXPERT
LTC Targets $70: A High-Probability Reversal SetupLitecoin (LTC) has just broken below the critical $80 low, signaling that bearish pressure is firmly in control. Currently trading at $79—just beneath the swing low at $80—LTC is also sitting below the monthly open at $82.98. With the bears flexing their dominance, traders are left wondering: Where does the price head next? What’s the target for the bears, and where can bulls find an opportunity to re-enter the market? Let’s dive into the charts, pinpoint the key levels, and craft a plan that could turn this downturn into a golden opportunity. The Current Market Picture LTC’s recent breach of $80 confirms the bearish momentum that’s been brewing since its peak at $147.06 on December 5, 2024. Litecoin enjoyed a stellar 122-day bullish run, soaring +195% from $49.80 to high at $147.06. Now, we’re on the 122nd day of a downtrend—a poetic symmetry that hints at a potential turning point. The question is: where will this descent find its floor, and how can we position ourselves for what’s next? Support Zone: The $70 Fortress To identify a robust support zone, we need confluence—multiple technical factors aligning to form a level that’s tough to crack. Here’s what the chart reveals: Fibonacci Retracement: Using the Fib tool from the 2024 low at $49.80 to the high at $147.06, the 0.618 retracement at $86.95 has already been lost, turning our focus to the 0.786 level at $70.61. This deep retracement is a classic spot for reversals, making it a prime candidate for a support zone. Yearly Level: At $70.14, this pivot is nearly identical to the 0.786 Fib level, adding significant weight to the area. Volume Profile: The Point of Control (POC) from a 1.5-year trading range sits right around $70, just above the Fib level. This is the price with the highest traded volume over that period—a natural magnet for price action. Yearly Order Block: Visualized as a green channel, this order block reinforces the $70 zone, suggesting past institutional buying interest or significant support. Together, these factors create a $70 support zone that’s brimming with confluence. It’s not just a random level—it’s a fortress where bulls could mount a serious stand. Long Trade Setup: Entry Strategy: Use a Dollar-Cost Averaging (DCA) approach to build your position. Start with small buys around $75, laddering down to $70, and increase your position size as price nears the core of the support zone. Aim for an average entry of $73/72. Stop Loss (SL): Set it below $68 to protect against a deeper breakdown while giving the trade room to breathe. Take Profit (TP): First Target: $80 (the swing low and monthly open not far off). Main Target: $100 (a key psychological and resistance zone). Risk-to-Reward (R:R): With an average entry at $73 and SL at $68, you’re risking $5 to gain $27 (to $100)—a stellar 5:1 R:R or better. This is a high-probability setup that rewards patience. Execution Tip: Watch for bullish signals in the $70-$75 range—candlestick pattern, volume spikes, or RSI divergence. This isn’t about chasing; it’s about precision. Resistance Zone: The $100 Battleground If bulls reclaim control and push LTC higher, the $100 psychological level looms as a major resistance zone. Here’s why it’s a HOTSPOT: Yearly Open: At $103.28, this level is close enough to $100 to bolster its significance. Anchored VWAP: Drawn from the 2024 low at $49.80, the VWAP currently sits around $102.4, adding another layer of resistance. Historical Context: The $100 mark has been a recurring battleground, with bulls and bears clashing repeatedly. It’s a price that carries weight. A rally to $100 wouldn’t just be a recovery—it’d be a statement. A clean break above could hint at a broader trend reversal, but until then, it’s a ceiling to respect. What’s Next? Bears vs. Bulls For now, the bears are driving LTC lower, with the break below $80 opening the door to the $70 support zone. That’s their likely target—a level where selling pressure could exhaust itself. For bulls, $70 isn’t just a floor; it’s a launchpad. The DCA long setup offers a low-risk, high-reward entry. Wrapping It Up Litecoin’s drop from $147.06 to $79 has been brutal, but the chart is screaming opportunity. The $70 zone—backed by Fibonacci, levels, volume, and order blocks—is where bulls could turn the tide. With a DCA entry at around $73/72, SL below $68, and a main target at $100, you’ve got a trade setup that could deliver a 5:1 payoff. Meanwhile, $100 stands as the bears’ next big test if momentum shifts. So, will you wait for LTC to hit $70 and strike, or watch the action unfold? The levels are clear—now it’s your move. Use this analysis to sharpen your edge, and let’s see where Litecoin takes us in the days, weeks, and months ahead. ________________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know, I’m here to break down the charts you want to see. Happy trading =)
Long
by SiDec
1
US100 Downtrend Analysis & Key LevelsAfter analysing the US100 chart, the index has been trading within a downtrend channel since Friday, February 21, 2025. After dropping to 19,131, it attempted a recovery but faced strong resistance at 19,957, leading to a decline. As the saying goes, “ Follow the trend—the trend is your friend. ” Given the ongoing downtrend, US100 may continue to decline toward the next strong support level at 18,489. Ensure you adhere to proper risk management for long-term success. Happy Trading
OANDA:NAS100USDShort
by SpicyPips
MSTR: Mid-term and Macro Price Structure As price holds below $344, odds favor a continuation lower to retest February lows, with later potential bounce and one more push to macro-support levels: 160/150-120 (with a potential extension to 105) (see. recent idea on BTC price structure) If BTC and broad market indexes show signs of stabilization and short-term strength over the coming weeks with MSTR price rising above 344, the odds are shifting to a more pronounce bounce to 400-460 resistance levels. Weekly chart: From a macro perspective: as long as price remains below the 460 level, I consider the bullish trend since 2008 lows to have topped in November 2024, with current price action unfolding as part of a larger corrective Wave c.4 structure. Otherwise, If price reclaims ATH the door opens for an extension to 780-1280 resistance levels. Monthly chart Recent idea on BTC:
NASDAQ:MSTRShort
by artemfedorov
LTC ANALYSIS (support & resistance)🔮 #LTC Analysis  🚀🚀 💲💲 #LTC is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from its major support area. If #LTC sustains above major support area then we will a bullish move till its major resistance area 💸Current Price -- $82.20 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #LTC  #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
NKE: Macro structure [Monthly time frame]Price reached the top of the macro support: 56-27. The correction from Nov'21 top has a picture perfect three-wave structure that has reached area of an ideal extension to finish itself (60-44 support). Although, within the context of todays market uncertainty, recovery from this support zone, might still be a larger bounce before one more leg-down deeper into macro support Best of trading and investing decision and thank you for you attention!
NYSE:NKE
by artemfedorov
BTC ANALYSIS 🔮 #BTC Analysis  🚀🚀 💲💲 #BTC is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from its major support area. If #BTC breaks resistance zone $88500 then there will a chance of bullish movement 💸Current Price -- $84470 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #BTC  #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
NFP REPORT IMPACT ON XAUUSD ALERT!🚨 XAUUSD Market Alert 🚨 🔥 Current Action: XAUUSD is currently range-bound between 3101 and 3114—will it break out soon? The market’s at a critical point, and a sharp move could be on the horizon! 📉 Bearish Scenario: If price slips below this zone, keep an eye on potential support levels at 3070 and 3054. A downward shift could set up fresh opportunities for sellers. 📈 Bullish Scenario: On the flip side, a solid break above 3114 could trigger buying pressure, with targets at 3140 and 3170. A move like this could spark a new uptrend, especially with NFP data on the way, which could impact the gold market! 💬 Let’s Talk Strategy: What’s your take on the XAUUSD setup? Share your insights, and let’s navigate this golden opportunity together! 💰🚀
FOREXCOM:XAUUSD
by ANNA_EXPERT
1
Warning Signs Flashing: Dow Jones Breaks Key SupportThe Dow Jones Index has officially broken its rising trendline support, signaling a possible shift in the medium-term trend. After losing this key ascending structure, price is now hovering near the psychological support zone of 40,000, which has historically acted as both resistance and support. This level is crucial. If it holds, we could see a temporary bounce or consolidation. However, if the 40K zone fails to provide support, the index may head toward the next major support area around 38,000, aligned with the longer-term trendline support. Do like and follow us THANK YOU
TVC:DJIShort
by unichartz
BTC Mid-Term Outlook: Key Levels & Wave StructureAs long as March lows hold, there remains a technical possibility for one more wave up toward the 130K resistance zone. However, given the corrective three-wave structure of the recovery (rather than an impulsive five-wave move), I am now leaning toward the mid-term top being in place at January highs. If price remains below last week’s high, my operative scenario favors one more leg down to the 64K–55K–51K macro support zone. If the downside scenario unfolds, it would still be technically valid for the entire corrective wave (2) to complete within the support zone mentioned, especially considering the underlying fundamental strength of the asset. Should price break above last week’s high in the coming weeks, the odds shift in favor of a renewed uptrend, potentially reclaiming ATH and targeting 130K. The super-macro structure that I'm following as an operative wave count, assumes multi-decades bullish cycle, with the next long-term expansion phase expected once price establishes a firm bottom in the discussed support zone: Wishing you successful trading & investing decisions. Thank you for your attention! PS: The wave structure of BTC, proposed in March 2024 idea, has fulfilled itself:
BITSTAMP:BTCUSDShort
by artemfedorov
1
XAUUSD 1H Head & Shoulders Pattern and Quasimodo!This 1-hour Gold (XAU/USD) chart presents a Head and Shoulders pattern forming near the 3,124 level, indicating a potential bearish reversal. The structure consists of: Left Shoulder – A peak followed by a retracement. Head – The highest point in the formation. Right Shoulder – A lower high, confirming the pattern. Additionally, a Quasimodo pattern is forming, reinforcing bearish sentiment if price fails to sustain above 3,139. A breakdown below the neckline suggests a potential move toward the projected target zone at 3,039. Key Levels & Trade Plan 📍 Resistance: 3,139 (Quasimodo level) 📉 Support Levels: 3,107 – 3,085 – 3,039 (Main target) 📊 Bearish Confirmation: Break below the neckline (~3,120) 🎯 Target Zone: 3,039 A clean breakdown below the neckline could accelerate bearish momentum, aligning with the projected drop of approximately 62.7 points (-2.02%). Bulls need to reclaim 3,139 for any invalidation of this bearish outlook. Keep an eye on price action confirmation before entering trades.
OANDA:XAUUSDShort
by ForexOptimizer
EUR/USD Triangle Breakout (02.04.2025)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.0736 2nd Support – 1.0707 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
5
Altseason 2025 is upon us *A different take*Welcome back dearest reader, I've been covering some altcoins i'm bullish on, and a deeper dive into bitcoin dominance is key for their succes. Well the downfall of the dominance that is. On the chart: ~The fibonacci extension has shown gradual weakness throughout the cycles starting at the 1.618 then the 1, now the 0.786 is inbound. I expect it to be hit soon topping at around 66% dominance. We can see what happened next ''1'' ~MFI is hitting an oversold zone like never seen before on the 3 month ''2'' ~Stoch RSI is hitting an oversold zone and is bound to see a cross ''3'' Load up on your favourite alts and enjoy the ride. ~Rustle
CRYPTOCAP:BTC.DLong
by Rustlingjimmies
1
Play On LevelsRetested the Breakout Level around 180 - 185 & Closed just above a Very Important fib level around 188. But, 188 - 195 is Very Important Resistance as of now. If 195 is Crossed with Good Volumes, 212 - 215 can be touched initially. Couple of Positive Weekly Candles with comparatively good volumes may confirm HL on Monthly basis. On the flip side, 175 - 184 is a Support Zone & also Double Bottom around 175 - 176, so Short Term Traders may expect a bounce from this level.
PSX:ENGROH
by House-of-Technicals