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Supportandresitance

Bitget - Standing Strong 👌Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. While many altcoins made lower lows the past couple of months, BGB stood strong above support. BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red. For the bulls to take over medium-term , we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective. In parallel, for the bears to take over, we need a break below the blue support 0.17, in this case a movement till the next support would be expected. Meanwhile, inside the symmetrical triangle range, we will be looking for short-term buy and sell setups respectively around the lower bound and upper bound. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
USDCHF - Bullish Falling Wedge Idea As we can see in USDCHF we have an impulse to the upside with a break in a falling wedge pattern which indicates a bullish sentiment. We can also see a double bottom formed in the 4H time frame in confluence to the end of the Elliott Wave with the 5th and final movement. All of these indications align with a possible push to the upside. I see resistance to this move when price hits around 0.95500, 0.97000, and invalidation to the move at 0.92000. If you would like to see updates on this idea and many more please follow and hit the like button for more!
Long
by WrightWayInvestments
2
ETH - USDT, 1D Interval Resistance and Support I invite you to review the ETH/USDT chart on a one-day interval. However, here we can use white lines to mark a long-lasting sideways trend channel, while locally it is worth marking a local uptrend line. Now with the help of Fib Retracement we will check where the price has support, and here we see that we first have a support zone from $ 1213 to $ 1180, but when the price falls below this zone, we have another support at $ 1134 and then 1074 $ at the bottom of the channel and at the previous low. Looking the other way, in a similar way, we can check where the ETH price will meet resistance. And as you can see, we have the first resistance at $1227, which the price is currently fighting, the next resistance is at $1,251, then we have a strong resistance zone from $1,276 to $1,309, and when the price breaks it, it will go towards the resistance at $1,352, to the top of the channel. It is worth noting that the volume is very small, but there is a growing advantage of buyers. The CHOP index indicates that we have a lot of energy, so we can expect more traffic to come. The MACD indicator indicates that we have entered an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to determine a specific price direction.
by cryptodailyuk
1
BNB/USDT 1DChartReview Hello everyone, I invite you to review the BNB/USDT chart on a one-day timeframe. With the help of white lines we will determine the sideways trend channel, while locally we can mark the downtrend line under which the BNB price moves. Importantly, when we develop the Fib Retracement tool, we can immediately see that the price is in a strong support zone from $251 to $222, however, if the support is broken and the price drops lower, we can see a drop to near the previous low at $184 . However, if the downtrend ends and we see increases. It is the price will first encounter resistance at $274, then $291, then we have a strong resistance zone from $309 to $331, then resistance at $361, the location of the last high not taking into account the vertical candle. As we can see, the CHOP index indicates that the energy is slowly rising, the MACD indicator indicates that we have entered an uptrend, while the RSI is moving sideways in the lower part of the range.
by cryptodailyuk
BTCEUR 'D' - One Level of Support left Before 30% Cliff EdgeHey guys - There's a few things going on here: We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far. This combined with several layers of resistance above and only one (albeit quite strong) level of support on the underside could mean the potential for a further fall in Bitcoin price. Seems unlikely, or at least unwanted - but the reality is if this level of support gets broken, there's not to stop the price free-falling 30% or more to around the $10,000 mark. Let's all keep watch on this one! What do you guys think?
Short
by theCrypster
2
Daily review of BTC interval 1DHello everyone, I invite you to every Friday review of selected cryptocurrencies. We'll start with a chart review of BTC vs USDT on a single day timeframe. First of all, we can mark with the help of white lines the sideways trend channel in which the price has been moving for a long time, while locally with the help of the yellow line we can mark the downtrend. Now, with the help of Fib Retracement, we will check what support the price has on its way. And as we can see, the price is currently holding just below the support at 0.618 Fib Retracement, and the next support is at $16087, lower at $15449, which is the last low, but if the price goes lower, we can see a drop even to around $13648 . However, in a situation where the trend reverses and the price starts to grow, it is worth marking the places where we can encounter resistance. And so we see that we have the first resistance at $16,760, the second at $17,073, the third at $17,342, and the fourth at $17,554. Only when the price overcomes these four resistances and positively tests the last one, the way to further increases will open. It is worth paying attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI has been moving in the middle of the range for a long time.
COINBASE:BTCUSD
by cryptodailyuk
Gold- Rising Wedge Bearish Potential As we can see Gold is forming a rising wedge as shown on the 4H chart. This also aligns with an impulse Elliott Wave pattern, along with some nice wicks bouncing off of the 1830s resistance level indicating bulls may be letting up. It seems Gold may be ready for a push to the down side with the confirmation of breaking out of the wedge. With breaking out we can see a retrace to the common FIB levels of 0.5 which is around 1725 and 0.618 which is around 1699. Around these levels we will likely see a bullsh scenario afterwards, but will have to wait and see what the market has in store. If you would like to see updates on this idea and many more please follow and hit the like button for more!
OANDA:XAUUSDShort
by WrightWayInvestments
BTT forecast !I don't want to exaggerate about BTT, but if we put aside the fundamentals of this currency and only focus on the technical, we can see in the monthly time of this currency that its first resistance during the current fall will be approximately equal to 0.00042842 and it may break the square resistance range and It will reach 0.00021795, but after that it will grow up to the price of 0.00611891, which is the first resistance based on Kijun. Please note that the corrections have not been calculated. good luck
B
by khosrooparviz
BTCUSDT-1DInterval-Review Hello everyone, I invite you to review the BTC to USDT chart, on a one-day timeframe. As we can see, the price has been moving in the sideways trend channel for a long time, but currently we can mark with the yellow line, the local downtrend line with which the price is fighting. Now let's move on to the support line and as you can see the first support that held the price at the current correction is $16583, if the support is broken then the next support is at $16078, while the third support is at $15461 which is below the lower limit of the channel, but it is also the place of the last price low. Looking the other way, also using Fib Retracement, we will check the places where the price should subdue the resistance when the increases begin. as we can see the first resistance is at $16763, the second resistance is at $17077, the third resistance is at $17325 and the fourth resistance is at $17576. As we can see, the entry into the local correction was preceded by the crossing of the green line moving average from above, through the red line. Looking further, we see that the volume is at low levels with a predominance of candles on the sellers side. The CHOP index indicates that most of the energy has been used for the current correction, the MACD confirms the local downtrend, while the RSI is recovering and is currently at quite low levels, which may potentially bring the price up.
COINBASE:BTCUSD
by cryptodailyuk
2
XRPCAD 'D' - A Quick 15% Before Resistance!Trending mainly within a parallel channel for the best part of half a year now, only breaking out briefly on the upward side to test resistance one time before returning back to the confines of the channel. It's time for XRP to break out again on the up side and test this level once more. Although levels are closing in on the current price it's an unknown if the market will be strong enough to break through any resistance barrier, but it's certainly proved itself to be strong enough to touch the descending line of resistance - this is all we need to bag a quick 15% from our Crypto Tipster v2 signals over the next week or two.
Long
by theCrypster
100% profitable strategy to find lows of the marketIt all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot low. (green lines) Every time a candle falls down through a pivot low that has not been touched, you will see the 'Untested Low' buy signal on the open of the next candle. If you were to buy on the candle of the signal, it will either be the next pivot low or the candle after it, meaning this would be a profitable buy! You can even go down to lower timeframe to confirm entry with the same strategy. This untested low signal is what I will be looking for to indicate a long term buying entry in this current market. ** LINES AND SIGNALS CREATED BY THE HAZEL HERITAGE STRATEGY **
SP:SPXLong
by jeanius_tech
1
Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse, So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF. Whats your thought?
by benalistarfx
MATIC / USDT 1D chart ReviewHello, I invite you to review the MATIC chart on a one-day interval. let's start by marking the blue line, the downtrend line, which, as you can see, the price overcame. Since the end of August, we have been moving in a sideways trend channel, but we can also notice that we are locally below the downtrend line. Now let's look at where the MATIC price has support, as you can see the first support is at $0.70, but if it goes lower we have another support at $0.52 and then $0.31 which is at the last low of the price. Looking the other way, we can also check what resistance awaits the MATIC when the price starts to grow. And here we have the first support at the price of $ 0.93, when we manage to break it, the price will start moving towards the support from $ 1.32 to $ 1.63, only when we manage to break this zone and then positively test it, the way to further increases will open . It is worth looking at the moving averages, where we can see that the white line, blue line and red line have crossed the yellow line from below, which heralds increases, however, currently the white line is getting closer to crossing the yellow line from above, if this happens, then blue and red will follow the white one, we can continue the downward trend. Looking further, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downward trend, while the RSI has decreased, but there is still room for a deeper correction.
M
by cryptodailyuk
1
Imaginary levels: wave exhaustion priceCan't explain this 4 real until I explain how to properly locate levels & distinguish buying & selling waves. I KNOW I'M MESSING UP WITH ORDER OF INFO SUPPLY, SORRY. Still... Pretty soon you'll understand that 3393.52 and 2191.86 are the levels, and there's one buying wave between em. Point 1 is the wave start. Point 2 is the wave end. When 3393.52 get cleared, another buying wave starts originating @ 3393.52 & point 2. All the details & questions will be explained & answered later. Now just focus on the wave exhaustion prices. Every wave becomes exhausted in terms of price when it's range exceeds the range of the previous wave in the same direction. Not a lil bit before, exclusively past the threshold value. So after getting past this level and considering the other conditions that would be explained later the current wave becomes prone to end and consequent start of another wave in the opposite direction. Just as with partition levels (that are imaginary as well), these levels don't make much use any more when the real price activity start to emerge there. Imaginary levels are used when there's no alternative, but a decision has to be made.
SP:SPXEducation
by gorx1
BTCUSDT: Master reversal linesHello traders! BTC is now stuck inside master reversal lines. There is a single MRL at the bottom but two at the top. These lines are tradable with a high probability of winning. There is no confusion in the bottom reversal line but the confusion is which one will work so in this case you can use the reversal line that is at the top to short the trade with tight stop loss. Also, these lines can be used at various times. Don't forget to hit the like button and follow to stay connected.
by Aadil1000x
3