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Supportzones

ETH - USDT, 1D Interval Resistance and Support ZonesHello everyone, let's take a look at the ETH to USDT chart on the one day timeframe as you can see the price is moving in the downtrend channel. Let's start with the designation of the support zone and we can see that we are currently in the upper limit of the zone, which is between $ 1,320 and $ 1,126. Now let's move on to the resistance zone, and as you can see, the first zone is from $ 1,527 to $ 1,629, while the second resistance zone is from $ 1,724 to $ 1,860. It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates a local upward trend.
by cryptodailyuk
Lesson 2: Support & Resistance ZonesSupport an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY. It very important for ordinary retail traders like you and I to be able to play the game the market-makers plays at SUPPORT AND RESISTANCE levels. This is how one can truly profit from the market. There's a lot of price manipulation going on at the S&R levels. Market-makers are also in this business to make money. Unfortunately it is the retail trader who fattens their pockets. The good news is that this can be avoided through PATIENCE, PROPER RISK MANAGEMENT ANN HIGH LEVEL OF TRADING PSYCHOLOGY. Things to avoid doing at SUPPORT & RESISTANCE levels: 1. Trading BREAK-OUTS instantly (a sure way to be caught in the opposite side) 2. Placing STOP LOSSES right on the zone (whipsaws will destroy you) -------------------------------------------------------------------------------------------------------------------------------------- I hope this bit of education will help you trade carefully at critical SUPPORT AND RESISTANCE ZONES. HAPPY TRADING!!
TVC:USOILEducation
by SMCSmartSniper1
Dark Pool Buy Zones and Sell Short Risk: LCIDDark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits. This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short. There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
NASDAQ:LCID
by MarthaStokesCMT-TechniTrader
XAUUSD is set to test yearly lows of $1680Hello Traders, Gold price remains pressured near yearly lows currently trading near $1687. XAUUSD sellers keep their eyes on the 61.8% Fibonacci Expansion level of Gold’s late April to early August moves, near $1660. The $1700 level will offer the immediate resistance, above which gold buyers will need to crack Monday’s low of $1712. However, the Relative Strength Index has established in a bearish range of 20.00-40.00, which indicates more weakness ahead for the commodity. We consider selling Gold with $1680 and $1660 as the targets. If you appreciate our work, please like and comment, it keeps us motivated to do better ❤️
FOREXCOM:XAUUSDShort
by GOLDPIPSMAKER
ETH collects a lot of energy on a 1-day intervalHello everyone, let's take a look at the ETH to USDT 1 day chart as we can see price movements in the uptrend marked with yellow lines. It is worth designating two support zones that the price has in case of a correction, and as you can see, the first zone is $ 1,570 to $ 1,442, but if the next zone breaks, the next zone is $ 1,224 to $ 1,442. Now let's move on to the resistance that ETH has in front of it. In this case, we can also designate two zones, the first of which is in the range from $ 1913 to $ 2235, while the second is in the range of $ 2564 - $ 3012. Pay attention to the CHOP indicator which shows that we still have a lot of energy for the next 1 day price move and the MACD indicator shows that we have not entered a downtrend yet.
Long
by cryptodailyuk
2
Long-term BTC analysisHi everyone. Today we marked the uptrend channel with yellow lines, which was broken at the bottom and now the price is below the local downtrend line. As you can see, we have an important support zone: -the support zone in which the BTC price is currently located from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. Then we have the first resistance zone from $ 22,368 to $ 23058 if we break it, then we have a resistance zone from $ 24,696 to $ 26,196. A break from this zone could result in further gains towards the resistance at $ 28,754. Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we are on the verge of entering a downtrend. Remember, however, that this is not investment advice.
by cryptodailyuk
$NEPT Next Target PTs 5.50-6 and higherNeptune Wellness Solutions Inc. operates as an integrated health and wellness company in Canada, the United States, and internationally. It builds a portfolio of lifestyle brands and consumer packaged goods products under the Biodroga, Forest Remedies, Ocean Remedies, Neptune Wellness, Mood Ring, PanHash, Sprout, Nosh, MaxSimil, and NurturMe brands. The company also offers turnkey product development and supply chain solutions to business customers in various health and wellness verticals, including nutraceuticals, beauty and personal care products, and organic foods and beverages. In addition, it is involved in the extraction, purification, formulation, and manufacturing of health and wellness products. Further, the company offers Maxsimil, an omega-3 fatty acid delivery technology that uses enzymes that mimic the natural human digestive system to predigest omega-3 fatty acids. It has a collaboration agreement with International Flavors & Fragrances Inc. to co-develop hemp-derived CBD products for the mass retail, and health and wellness markets. The company was incorporated in 1998 and is headquartered in Laval, Canada.
NLong
by BADQOMOCAWGOWLD
$AGLE Next Target PTs 1-1.50 and higherAeglea BioTherapeutics, Inc., a clinical-stage biotechnology company, designs and develops human enzyme therapeutics for the treatment of patients and families with rare metabolic diseases. The company's lead product candidate is pegzilarginase, a recombinant human Arginase 1 that is in Phase III PEACE trial to evaluate the safety and efficacy for the treatment of Arginase 1 deficiency. It also develops AGLE-177, a polyethylene glycol modified, which is in Phase I/II clinical trial for the treatment of patient with homocystinuria. In addition, the company's preclinical pipeline includes AGLE-325 for the treatment of cystinuria, as well as other research programs. The company was formerly known as Aeglea BioTherapeutics Holdings, LLC and changed its name to Aeglea BioTherapeutics, Inc. in March 2015. Aeglea BioTherapeutics, Inc. was founded in 2013 and is headquartered in Austin, Texas.
ALong
by BADQOMOCAWGOWLD
XauUsd Huge profitable pullback Hello everyone its time to have some big push upward on XAUUSD from 1755.00 So we have a strong support line at 1754.00. According to the support zone and RSI (under 50) I found out that the price is going upward right from 1755.00 to maybe near 1800 so I hope your trades will be profitable for today. Everything is showing us that prices will go up so make your own setup and start making a profit. Please Support me with your likes and comments. Stay safe.
OANDA:XAUUSDLong
by FarahmandF
Will XRP change the trend to an upward trend?Hello, we are reviewing the XRP to USDT chart over the one day timeframe looking at the long run. It makes sense to designate two channels, yellow lines for the uptrend channel and blue lines for the downtrend channel we are currently in. Price behavior that moves from the bottom to the top of the channel can be used for short-term licks. It is worth noting that we are currently in the lower part of the channel and in the support zone. Looking at the price of XRP in the long term, it is worth setting two resistance zones that we have to overcome in the future, the first is from $ 0.682 to $ 0.947, while the second is from $ 1.33 to $ 1.62. Note the CHOP indicator, which shows that we have a lot of energy on the 1-day interval, and the MACD indicator shows that the blue line is very close to the intersection of the red line from the bottom, which would confirm the upward trend shift.
by cryptodailyuk
1
ADAUSDT price chart reviewHi everyone Let's take a look at the ADAUSDT chart on the one-day timeframe. As you can see in the long run, the ADA is moving in the downward channel marked with yellow lines, while in the short run we are moving in the local upward channel marked with blue lines. It's worth setting a support zone with the price in front of you from $ 0.409 to $ 0.226 and resistance zones, and in this case it is worthwhile to determine two: - first resistance zone from $ 1.054 to $ 1.44 - second resistance zone from $ 2,081 to $ 2,544 Looking at the 1-day interval on the CHOP indicator, we can see that we still have a lot of energy for the next move, and the MACD indicator confirms the local upward trend.
by cryptodailyuk
1
SHIB / USDT on 1Day IntervalHi everyone, Let's take a look at the SHIBUSDT chart on the 1 day time frame. As you can see, we are moving in the downtrend channel marked with yellow lines. It is worth setting a support zone from which the SHIB price has rebounded, and 3 important resistance zones that the price has in front of it. We are currently fighting the first one from $ 0.00001245 to $ 0.00001567. However, it should be taken into account that in order to break the first resistance zone, we have to leave the downward channel upwards and change the trend in the long term. The CHOP indicator shows that we are starting to gain more and more energy and the MACD indicator shows a local upward trend.
by cryptodailyuk
Review of the SOL situation on a 1-day intervalHi everyone, Let's take a look at the SOLUSDT chart on the 1 day time frame. What is striking in the foreground are two channels: - the downtrend channel marked with yellow lines and - the uptrend channel marked with blue lines Then, expressively, we can notice the place where the downward trend breaks and the point of defense of the upward trend change in which we are currently. It is also worth designating support and resistance zones, and so we can see that the support zone is from $ 34,165 to $ 30,430, and the resistance zone is from $ 46.680 to $ 52,485. Going further, we should pay attention to the behavior of the price, which moves nicely from the upper to the lower limit of the channel, which can potentially be used in short-term games with appropriately selected stoplots. Remember these are my thoughts and this is not an investment advice :)
by cryptodailyuk
2
US OIL analyzehello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a strengh support around 85-90 area like i illustrate in chart. PCC(point of control)is in this area and we have the MA200 here too. in addition longterm trendline is around this condition. so we have 3 important levels and support in this area (85-90). our momentum is in overbought level and going downward. dont forget to put stoploss above the last major high. (NOTE:friends this is my personal opinion and its not a trade suggestion. please analyze in your own strategy and help me be better) thank you all.
TVC:USOILShort
by TraderAmin-KZ
2
RELIANCE - Bullish trendRELIANCE - Bullish trend 1. have good support at 2540 2. Now in a small downtrend, Looks like it will move upwards If the market trend reverses before it crosses 2540. 3. If the downtrend continues another support at 2420. 4. First target will be 2800 if the market reverse. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:RELIANCELong
by ravi15684
HDFC BANK - Trend Analysis for InvestmentHDFC BANK - Trend Analysis for long term Investors 1. Golden ratio at 1110, It's a golden apportionment for the invertors to accumulate at this level. 2. It's not yet broken the 1st support at 1290. 3. Based on the NIFTY BANK weakness, the upcoming week will be more pressure on this bank. 4. Next support zones are 1275,1175 and 1110 respectively. 5. FII Slightly reduces the percentage of holdings for a couple of quarters, but at below 1100, they will start accumulating. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:HDFCBANKLong
by ravi15684
NIFTY METAL - Bearish zoneNIFTY METAL - Bearish zone 1. It breaks the 1st support zone 4830 on the downside this week. 2. In a bear trap, the next support will be at 4490, and 4200 respectively. 3. Till it gets support most of the metal sector will be in a downtrend in upcoming weeks. 4. Example: TATA Steel will be on a more downtrend in upcoming weeks. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:CNXMETALShort
by ravi15684
2