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Supportandresitance

Euro can start rise to resistance level, exits from triangleHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the resistance line and seller zone and little declined. After this movement, the price tried to back, but failed and when the EUR touched the resistance line it rebounded again and made an impulse down to the 1.0725 support level, which coincided with the buyer zone. Some time later Euro declined to support line, after which it in a short time turned around and rose to the resistance line, thereby making a fake breakout of the 1.0725 level. After this movement, Euro made a correction to the support line and then made an impulse to the seller zone, breaking the 1.0900 resistance level with line. Next, the price started to trades in a triangle, where it rose to the resistance line, after which the price rebounded and in a short time declined to the support line, breaking the 1.0900 level one more time. Now, the price trades near the support line of the triangle, and in my opinion, the Euro can rebound up from the support line to the resistance level, thereby exiting from the triangle. For this case, I set my target at the 1.0900 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
BTC/USDT 30MInterval Chart Hello everyone, let's take a look at the 30M BTC to USDT chart as we can see that the price has attempted to break out of the downtrend line with the upper hand. Let's start by setting goals for the near future that we can include: TP1 = $68246 TP2 = $69,303 AND TP3 = $70968 Now let's move on to the stop-loss in case of further market declines: SL1 = $66,644 SL2 = $65,198 to $64,178 AND SL3 = $62,860 Looking at the RSI indicator, you can see that it is bouncing off the local downward trend line, which may continue to decline, while the STOCH indicator gives small increases, ending with a decline.
by cryptodailyuk
The decline continued at the beginning of the Golden WeekLast Friday, it was prompted to short gold at 2149, which is getting closer and closer to the target level of 2145. The position is making a huge profit. If there is a rebound, you can continue to short, but you cannot go short directly. For those who have made huge profits, they can wait until the 2145 target level is reached and then exit the market with profits. If you are not confident in your trading, you can refer to my advice. You can also follow me and enter my channel
TVC:GOLDShort
by Donald-king
BTC/USDT 1HInterval ChartHello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow. Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account. Now let's move on to the stop-loss in case of further market declines: SL1 = $66,326 SL2 = $63,841 - $62,525 AND SL3 = $58,717 Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
by cryptodailyuk
2
ETH/USDT 1HInterval ChartHello everyone, let's look at the 1Hinterval, ETH to USDT chart as we can see that the price has started to move in the local downtrend channel. Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and then strong support at the level of $3,197. Now let's move on to the goals that the price must face in the event of renewed increases and here resistance levels are visible: TP1 - $3767 TP2 - $3,891 TP3 - $4091 Looking at the RSI indicators and the STOCH indicator, it can be seen that increases in the indicator result in small upward movements, while recoveries result in larger price drops, which should still result in a price correction.
by cryptodailyuk
BTC/USDT 1H Support and ResistanceHello everyone, let's look at the 1H CRO to USDT chart, we can see how an upward trend channel has currently formed, in which the price remains at the lower limit. Let's start by setting goals for the near future that we can include: T1 = $71,290 T2 = $74,725 T3 = $77,303 AND T4 = $80,413 Now let's move on to the stop-loss in case of further market declines: SL1 = $67,683 SL2 = $65,980 SL3 = $63,858 AND SL4 = $57,699 When we look at the RSi indicator and the STOCH indicator, we see a potential room for growth, but both indicators are approaching a local downward trend, which may result in declines again.
by cryptodailyuk
1
Will BTC maintain the level around $70,000Hello everyone, let's take a look at the BTC to USDT chart taking into account the long term. We will start by defining the main upward trend of the current bull market with the white line, while using the yellow line it is worth defining the second upward trend. Let's now move on to determining support, for this purpose we will use the Fib Retracement and Trend Based Fib Extension tools. Thanks to these two tools, we can determine two very strong support zones, the first one from $53,819 to $51,094, and the second one from $41,029 to $37,662. These are the zones to which the price may retreat in the event of a possible correction. As you can see, the first zone is located at the 2nd upward trend line, while the second zone is close to the main upward trend. Looking the other way, we can similarly determine resistance areas and here, after exceeding the ATH from the previous bull market around $70,000, it is important whether the price will maintain this level or whether we will see a stronger recovery, which, as we know, appeared in previous bull markets. In the event of further increases, the first price wall will appear around $81,000, while we still have a very strong psychological level around $100,000. When we look at the RSI and STOCH indicators, we will see a strong break above the upper limit, which may lead to a price recovery. However, as we know, the current bull market is unique, considering how much the entry of the ETF on BTC has changed the appearance of the bull market compared to previous years.
by cryptodailyuk
4
MINA/USDT Trading ScenarioBelow is the scenario of price movement for MINA. As a result of an extended period of accumulation of large positions at a price of $0.6862, participants have begun to initiate an upward price movement. After completing additional accumulation at around $1.3297, the asset is once again approaching the local maximum and resistance level at the price of $1.6908. We consider the possibility of conducting a deal on breaking through the local maximum at the price level of $1.6908 with the aim of consolidating above this level and subsequently continuing the upward trend of the asset's value.
by Rick_SimpleSwap
Bullish thesis for $PINSNYSE:PINS has been making headlines lately with its impressive performance and promising future prospects. Let's dive into the latest developments and explore the bullish thesis for this innovative company. Strong Financial Performance: In 2023, Pinterest achieved a record-high ~90% incremental EBITDA margins, and the Street models are projecting ~40% and ~50% in 2024 and 2025, respectively. This indicates a robust growth trajectory for the company. Evercore ISI recently reiterated its Outperform rating on Pinterest and raised the price target from $45 to $50. The firm cited four key reasons for this upgrade, including Pinterest's unique position in the social media landscape, its strong user engagement, and the potential for further monetization of its platform. Amazon Partnership: Pinterest's partnership with Amazon has been a game-changer. Users can now purchase products directly from Amazon through the Pinterest platform, which has led to increased user engagement and revenue growth. Technical Analysis: The Pinterest stock has been on a bullish trend in recent months and has broken through a major resistance level at $37 giving it great positive momentum to continue rising in price. Have entered an Options Call contract targeting $54 and posted in the free community 😉 Will be providing updates.
NYSE:PINSLong
by EgideSimba
2
Will the launchpad on Binance increase the BNB price more?Hello everyone, let's take a look at the BNB to USDT chart taking into account the time frame of one day. As we can see, the price came out on top, from the main downward trend. Currently, we can see how the price is struggling with strong resistance at the golden point of 0.618fib, but further it is worth defining a very important resistance zone from $565 to $668. ONLY when the price breaks above this zone and tests it positively, we will be able to see a move towards $965. In a situation when the resistance level cuts off the current increase, which is strongly supported by the launchpad, and the price starts to reverse, there is significant support at $373, then a strong level is $300, and then around $248. On the RSI indicator we can see that a support line has formed, but there is still plenty of room for recovery, while on the STOCH indicator we are again above the upper limit, which may also lead to a price correction.
by cryptodailyuk
BTC Sets new ATH, correction possibleHello everyone, let's look at the 1H BTC to USDT chart, as you can see we had a strong breakout from the triangle, which gave a new ATH level for BTC. When the resistance level from the previous ATH was broken and the price established a new ATH at $70,360, if this level was maintained and the resistance was positively tested, it could give an upward impulse to around $75,686. When a larger recovery begins, we have three significant support levels, the first one is at $66,036, then the second one is visible at $63,369, and then the very important level is $59,098. If we look at the RSI and STOCH indicators, there is still room for a possible continuation of the recovery.
Short
by cryptodailyuk
ETH/USDT 1HInterval ChartHello everyone, let's look at the 1H ETH to USDT chart as you can see that the price has returned above the uptrend lines. Let's start by setting goals for the near future that we can include: T1 = $3,996 and T2 = $4,161 Now let's move on to the stop-loss in case the market reverses its trend: SL1 = $3,699 SL2 = $3,554 SL3 = $3,316 Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.
by cryptodailyuk
1
SOL/USDT 1DInterval Chart ReviewHello everyone, let's take a look at the SOL to USDT chart on a one-day time frame. You can see how the upward movements have created an upward trend channel, in which we remain for now. Going further, we can mark a strong resistance zone from which the price has gone up and is currently struggling to positively test this level, which may then result in an upward movement towards $156, and then we have visible resistance around $204. Looking the other way, if the price falls below the previously indicated zone again, we have a visible support at $103, then a second support at $92, and a third support at $79. Looking at the RSI indicator, we can see that for the second time we have bounced from a similar place, which creates a support line, while the STOCH indicator remains near the upper limit, so we should be cautious.
by cryptodailyuk
DOT/USDT 1HInterval ChartHello everyone, let's take a look at the DOT to USDT chart on a one hour time frame. As you can see, the price quickly came back and remains on the upward trend line again. Let's start by determining the support line and as you can see, the first support in the near future is $9.30, but you can see how the dynamic movement quickly brought the price down to the support zone from $8.25 to $7.69. Looking the other way, you can see how the price is currently fighting in a strong resistance zone from $9.91 to $10.38, which was not successfully maintained earlier, but if we now come out on top and the price stays above the zone, we can see an increase towards the resistance. at $11.71. Looking at the RSI indicator, you can see a local upward trend line, above which there is still room for growth, while the STOCH indicator is again moving near the upper limit, which may result in another attempt at recovery.
by cryptodailyuk
BNB/USDT 1HInterval CHart ReviewHello, I invite you to review the current situation of BNB in pair with USDT, taking into account the one-hour interval. Let's start by identifying the local uptrend channel using the blue lines. Let's start by determining support, and here, after using the trend based fib extension tool, you can see how the price approached the support at $410, and then it is worth defining the support zone from $395 to $387. Looking the other way, you can see that the level of $427 still remains a strong resistance, but the price may increase further to around $449. The RSI indicator shows that we have crossed the support line below, which may result in a further decline, and the STOCH indicator shows that we are moving at the lower limit, but with the possibility of a continuation of the correction.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of the current situation of BTC in the USDT pair, taking into account the one-hour interval. As you can see, the price is climbing along the local upward trend line. As you can see, the price is still growing dynamically, and the four-year cycle of bitcoin may change, but here we will lay out a trend based fib extension grid, thanks to which we can see how the price has reached a very important resistance zone from $67,644 to $69,962, and when it positively leaves this zone the increase may reach around $73,055. Looking the other way, however, if we saw a reversal of the trend, this would have a positive impact on the RSI and STOCH indicators, which at the moment are clearly depleted. The price decline may reach the support level of $65,671, and then a support zone is visible around $63,490 to $62,350.
by cryptodailyuk
RIPPLE - Price can bounce up from support area to $0.6600Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it at once declined to support line and then continued to rise. Price reached $0.5400 level, which coincided with support area, and in a short time broke it, after which rose to resistance line. Then Ripple some time traded near $0.5400 level and later declined to support area, thereby exiting from channel. After this, price reached support line in this area and soon made strong upward impulse to resistance line. Also, XRP broke $0.6190 level, which coincided with support area, and recently broke resistance line too. Now I think that Ripple can bounce from support area and rise to $0.6600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HBAR to Repeat its Prior Move?This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a higher set of highs, dropping back down to 1.5x, and then losing it to fall back into parallel support. After falling into parallel support, it tested the top of it and failed to move above, causing it to drop down to the bottom. When it did this it moved below support's bottom, but when it failed to remain below, it saw a strong and fast move back to the top of parallel support for another attempt to move above. This also failed, leading to a move back down towards the bottom. Now that it has made 3 attempts at bottom, each attempt weaker than the previous, it should be ready for a 3rd attempt at the top of parallel support. I expect it will break above it, as it has already failed to break below. TP 1 and 2 are likely targets if it does this, but we could also see a repeat of its prior move sending COINBASE:HBARUSD back into and towards the top of its parallel resistance. An example of how they are similar:
CRYPTO:HBARUSDLong
by dudebruhwhoa
6