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Supportandresitance

FTM/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the FTM chart also on a one-day interval. At the beginning, with the help of yellow lines, we will mark the downtrend channel in which the price is moving at its lower limit. As we can see the price has fallen below the EMA Cross 200 line, the place where the price falls below this line is a confirmation of going into a strong downtrend, as in this situation. Now let's move on to marking the support points for the price in a situation where the correction will continue to deepen and we see that the price is in front of a very strong support at $0.26, however, if the support is broken, we can see a drop to the next support at 0, $17. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $0.37, then we have second resistance at $0.42, then there is a strong resistance zone from $0.46 to $0.50. The CHOP index indicates that the energy is slowly gathering strength, the MACD remains in a downward trend but is close to a trend change, while the RSI has been moving at the lower end of the range for some time, which may indicate the approaching end of the current correction in the coming days.
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by cryptodailyuk
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, using the yellow line marked with the uptrend line from which the price broke down, and then we move in the channel marked with blue lines from which the price also goes down. When we turn on the EMA cross 200, we can see that we are below this line as to the actual downtrend, while with the Ema cross 10 and 30, the downtrend is also visible. Going further, we can move on to marking the place of support in a situation when we increase the correction. Here you go very strong support is at $4.98, if the support doesn't hold the price we can see a drop in the area and very strong support at $4.26. Watching the other side of the picture that the price has rebounded off the $5.53 resistance which is still the first first resistance for the price, then we have the second resistance at $5.91, then the third resistance at $6.22, then the price of the change in the direction of return at the level of $6.53. Please enter the CHOP index, which shows that there is still energy for the next move, MACD shows that you are on the verge of returning to the downtrend, while on the RSI we have a rebound and we are approaching the border of the border which may also indicate that a correction is coming till the end.
by cryptodailyuk
BluetonaFX - AUDUSD RANGE SETUPHi Traders!, We are back inside the range zone on AUDUSD. After multiple breaks of the range zone, we have not continued with the direction of the break, which tells us that both buyers and sellers are currently undecided long term as to where to go from this area. We have highlighted the range zone on the chart. Resistance to the zone is at 0.68183 and support is at 0.65664. From analysing the price action on the chart, we recently had a pin bar morning star candle after a range zone break at the 0.64583 level. The pin bar morning star is a strong reversal candle pattern, therefore a push to the upside of the range may be on the cards here. As long as we are above 0.65664 there are opportunities for long positions and with a look to exit near the top at 0.68183. To the downside, to look for a continuation, we must break and close below the pin bar morning star candle at 0.64583. We will keep an eye on this in the next few days and will give you a progress update. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
Audusd to become bullish intraday this weekI mistakenly took a minor break of structure and a moving average crossover as a reversal trigger when in actuality it was simply the warning. The trigger is what is presented currently. This 4H clear higher high on our home timeframe. This is trading 101. Simple higher high along with TDI. The daily makes sense as this bullish push is all apart of the daily LOWER HIGH being formed. Major 38.2 has been broken, the next prz level is the 61.8. This week I look forward to a bullish re-test of the weekly support/ a trendline/ zone/ structure I'll only buy a re-test. Maximize this move of the week potentially. Higher highs make higher highs.
Long
by DesharedPierreJr.
Daily BTC 1WChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-week interval. First of all, we will use the blue lines to mark the uptrend channel from which the price goes sideways, while locally, with the help of yellow lines, we can mark the downtrend channel. Now we can move on to marking support areas in case the correction starts to deepen. And here, in the first place, it is worth marking a strong support zone from $ 26,437 to $ 25,262, however, when we fall below this zone, we can see a drop to around $ 21,684. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $28,635 to $30,271, when we manage to break it, we have a second zone from $32,979 to $34,819. Only when the price breaks through both zones will it be able to move towards resistance at $37,426 At this point, it is worth mentioning that the price is still in a long-term uptrend above the EMA Cross 200. Please note the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the transition to a downtrend, while the RSI is approaching the middle of the range, but there is plenty of room for the price to go lower to the previously mentioned support zone.
by cryptodailyuk
10
BNB/USDT 1DInterval Resistance and SupportHello everyone, welcome to the BNB vs USDT chart review. As we can see, the price has moved downwards from the uptrend line, while currently we will use the blue lines to mark the downtrend channel in which the price is moving in the lower range. Let's start by marking the support spots for the price and we can see that the price is currently in a strong support zone from $310 to $299, however, if the price goes lower, we can see a strong drop in the price even around $268. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently bouncing off the $312 resistance. Next we have the resistance at $320, and the third resistance at $326, once the price breaks it will move towards the strong resistance zone from $331 to $339. The CHOP index indicates that there is a lot of energy for the move, the MACD, despite several attempts to change the trend, is still in a downtrend, while the RSI is moving in the lower part of the range, which gives room for price growth, but it is worth noting that there is room for the price to fall even more a little lower.
by cryptodailyuk
BTC/USDT 1daychart Review Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line from which the price went down, while we are currently moving in the downtrend channel, for which we used the blue line. Now we can move on to marking the places of support in the event of a correction. And here we see that the price is at the support level of $26640, then it is worth marking a strong support zone from $25289 to $23939, however, when we fall below this zone, we can see a drop to around $22028. Looking the other way, in a similar way using the fib retracement tool, we can determine the places of resistance. We will first mark a strong resistance zone from $29,008 to $29,880 when it is broken, then we have a second support at $31,023 and then a third support at $34,201. Please pay attention to the CHOP index which indicates that we have a lot of energy, the MACD indicator is on the verge of returning to an uptrend, while the RSI is moving in the lower part of the range, but it is worth noting that a small upward movement gives a visible movement on the indicator, which in the long run can quickly limit room for price increases.
by cryptodailyuk
1
Gold has Likely bottomed out for this monthI decided to go long on gold immediately after receiving a reversal candlestick at a low on top of daily support. This candle also provided bullish volume after breaking a trendline and creating a new high. Price is now on the buy side of a strong trendline as well as the buy side of a strong support. I look forward to adding an entry upon a reversal candlestick at the retest. At the end of the day we're counter trend trading NOW.
OANDA:XAUUSDLong
by DesharedPierreJr.
USOIL WE WILL BREAK BACK ABOVE 74.00?Hi Traders! We have strong resistance around the 73.95 level here on USOIL as we have not been above the 74.00 price barrier since the beginning of May 2023. The price action on the chart tells us that the market wants to go there. We have had numerous attempts to break the 74.00 barrier. We also have swings from the range with higher highs and higher lows. If we do not break and close above the 73.95 pivot, we are likely to head back into the range. However, if we do break and close above 73.95, we need to see how the market reacts to the 74.00 level. Further to the upside, we have another pivot level at 76.88, which is just before the psychological 77.00 level. This is a great risk to reward setup as you can either trade the range with a small stop just above either the price pivot or just above the 74.00 level, or you can wait for a possible momentum breakout with confirmation of a pivot retest. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
TVC:USOIL
by BluetonaFX
2
Trading A "WV" Pattern - Trade Setup ExampleHello Traders, here is an example of how to trade a "WV" pattern which given the right conditions is a high probability trade setup. I'll let the chart speak for itself, however here are some key notes. A "WV" pattern by itself is a strong pattern, however its best to find setups which combine multiple factors. In the example above you have 2 strong factors: 1) "WV" pattern (Retrace to Trendline) 2) Retrace to the 200 MA Either one of those by themselves would not give you a strong enough setup to enter, however when you combine both the trendline retrace and the 200ma you have a very strong setup. You can see how price reacted in a very strong manner and had a significant bounce, this is testament to how strong a setup can be when factors are combined. Thanks everyone and best of luck trading!
NASDAQ:ISRG
by natef1
1