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Support and Resistance

Bitcoin continue to move up to resistance levelHello traders, I want share with you my opinion about Bitcoin. The prolonged corrective phase for Bitcoin appears to be concluding, as the price action signals a significant shift in momentum. After a complex journey through various corrective patterns, the price established a strong support base in the 108800 buyer zone and has now executed a decisive breakout from the final descending resistance line. Currently, following this breakout, the price of BTC is in a strong upward impulse, confirming the new bullish momentum and moving decisively away from the prior consolidation zone. The primary working hypothesis is a long scenario that anticipates a brief corrective movement before the next major leg higher. The expectation is that the price will soon make a small dip to retest the recently broken resistance line, confirming it as new dynamic support. A successful and confirmed bounce from this retest would validate the strength of the breakout and signal that buyers remain in firm control, likely triggering the continuation of the rebound to the upside. Therefore, the TP for this breakout and continuation play is logically placed at the 115800 level, which aligns with the major horizontal resistance level and seller zone. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
17
AAPL Sept 5th Playbook On the 4H chart, Tuesday’s green candle is still holding — looks like a possible bull flag forming. On the 2H, AAPL is stacking green candles and trending up. If price dips, it’s gotta fight through **238.17** and **238.06** before momentum breaks. If it holds and pushes pre-market highs, upside levels to watch are **241.96 → 250**. 3 Scenarios 🟢 Bullish: * Hold above 238 → push through PMH → breakout attempt toward 241.96 then 250 test. * Above 241.96 could open momentum for a stronger run. Sideways: * Chop zone between 238 – 241, consolidation before the next leg. 🔴 Bearish: * Lose 238 → break below PDL → quick fade back to 236 / 234 zone. Key Levels * Support: 238.17 / 238.06 → 236 * Resistance: 241.96 → 250 * Bias: Bullish as long as 238 holds. 💡 My take → watching for a **consolidation bounce off 238** → possible breakout toward 241.96+.
NASDAQ:AAPL
by davekclinton76
NZDUSD Expect A Long BreakoutNzdusd; this pair have been moving within this region of lower highs and lower lows,in regards to the NFP news we await a long breakout within the major resistance level with a target above 0.5994.for the moment we are likely to buy and keep a close eye within this tight region of support and resistance. Possible outline Bullish scenario: buy with a target near 0.5950 as first Tp and 0.5994 as second Tp Meanwhile a confirmed reversal at this point will trigger move below 0.5785 as the next support. What is your idea on this my fellow traders.? follow up thanks
Long
by Blaisefxacademy
Gold Awaits ISM & ADP Data – Pivot at 3,544 in FocusGold – Overview Gold’s record-breaking rally saw profit-taking, with traders now awaiting direction from today’s ISM and ADP data, which are expected to drive volatility. Technical Outlook: 📉 Bearish scenario: While trading below the pivot at 3,544, price may drop to 3,527. A confirmed 15M close below 3,527 would extend the move toward 3,512 → 3,498. 📈 Bullish scenario: Stabilization above 3,545 would support a corrective move toward 3,557. A confirmed 30M/1H close above 3,557 would accelerate bullish momentum toward 3,574 → 3,588. Key Levels: Pivot: 3,544 Support: 3,527 – 3,512 – 3,498 Resistance: 3,557 – 3,574 – 3,588 Bias: Bearish while below 3,544; bullish correction begins above 3,545 with momentum strengthening on a breakout above 3,557.
OANDA:XAUUSD
by SroshMayi
GBPJPY – Supply and Demand SetupOn the 30m timeframe, GBPJPY is testing a key supply zone after a strong rally. 🔴 Supply Zone (199.80 – 200.35): Price previously dropped aggressively from this zone. Current retest makes it a strong area for potential rejection. 🔵 Demand Zone (198.30): This is the first major support where buyers stepped in before. Serves as the main TP1 target for shorts. ⚡️ Extended Target (TP2 – 197.50): If sellers break through the 198.30 demand zone, price could extend lower towards 197.50, where deeper demand exists
Short
by WINEGOTRADES
Gold (XAUUSD) Long Setup — VWAP SMC + Liquidity Sweep ConfirmatiOn the 1H chart of Gold (XAUUSD), price has swept liquidity below recent lows (ABS & BT confirmation), then reclaimed Weekly VWAP support with strong bullish momentum. The AlcoTrade Omega — VWAP SMC with Liquidity Sweeps indicator shows: HTF Bias: LONG Score above threshold (Score L 2.0 vs Thr 1.3) Clear absorption and BigTrades aligning with VWAP band support Trade Idea: Entry: After bullish reclaim of VWAP band Stop Loss: Below recent swing low / VWAP band support Target: Previous highs and Weekly VAH Risk-to-Reward ratio is favorable (>1.5). This aligns with Smart Money Concepts (SMC) principles: liquidity grab → VWAP confirmation → trend continuation. Tags: #XAUUSD #Gold #VWAP #SMC #LiquiditySweep #OrderFlow #SmartMoney #TradingStrategy #VolumeAnalysis #PriceAction
OANDA:XAUUSDLong
by ALCOTRADE2
2
Analog Devices Rallied. Now It’s Pulled BackAnalog Devices just broke a five-day slide, and some traders may see the bounce continuing. The first pattern on today’s chart is the rally on August 20 after quarterly results beat estimates. That may reflect positive fundamentals in the chipmaker. Second is the price zone between roughly $242 and $246 where ADI peaked in July. The stock has now pulled back and is trying to stabilize in the same area. Has old resistance become new support? Next, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those patterns may be consistent with short-term bullishness. Finally, the 50-day SMA began July with a “golden cross” above the 200-day SMA. That may be consistent with longer-term bullishness. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:ADI
by TradeStation
SPY Sept 5 Gameplan Alright here’s what I’m seeing: On the 4H chart SPY still holding a bull flag / ascending triangle vibe. VIX is under 15, 10-year yields are dumping, and DXY broke down — that all leans risk-on. Options flow shows big open interest stacked around 645–647, so that area is like a magnet. I think price probably **chops around 648 first, then bounces and tries for 655+. 3 Scenarios 🟢 Bullish: * Hold above 648 → reclaim 651 → run toward 655–658, maybe stretch 662. * Confirmed if tech leaders (MSFT, META, AMZN) keep pushing. Sideways / Chop: * Stuck between 648–651, fakeouts both ways until volume picks a side. * Basically consolidation around that option wall. 🔴 Bearish: * Lose 648 with momentum → flush to 643–640. * Would need DXY/yields to reverse back up or VIX to spike. 🎯 Key Levels * PMH 651.30 * PDH 648.06 * PDL 643.51 * Option cluster: 645–647 * Targets: 655 → 658 → 662 💡 My bias → watch the 648 zone. If buyers defend it, I’m leaning long into that 655+ move.
AMEX:SPYLong
by davekclinton76
ETH 1H Analysis - Key Triggers Ahead | Day 13💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing ETH on the 1-hour timeframe timeframe . 🔭 On the 1H timeframe of Ethereum, we can see that ETH has had a solid upward move and is now facing resistance at $4416. If this level breaks, price could move toward the next resistance at $4481. A early trigger for a long position is right at the current level, which I’ve already used to open a trade. I’ve also set a low-risk order around $4481, which is the top of ETH’s box structure on the multi-timeframe view. ⛏ The key RSI zones for ETH are around 50 and 70. Breaking out of these levels could trigger a strong leg. With news coming, volatility is expected to increase sharply. ETH is currently trading below 70 but above 50, which suggests long setups have more momentum. 📊 The size and volume of ETH’s green candles are increasing, showing clear buying strength. If today’s NFP news comes out positive, ETH could make a very strong upward leg. 💸 On the 1H ETHBTC chart, the pair is inside a descending channel, and within this channel, it has formed a tight box-like consolidation. The box top is at 0.03999, while the bottom sits at 0.0387. With higher volume and volatility, ETHBTC could break out, leading to either a pump or a dump in Ethereum. 💡 The alarm zones for Ethereum are set at $4416 and $4481. Breaking and holding above these levels can provide strong trading opportunities. Personally, I’ve already opened a position on the $4416 breakout, and I plan to add more size if the $4481 zone is taken out. The NFP release could bring momentum similar to last time, with sharp and powerful moves. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by SatoshiMultiframe
2
Dow Jones Under Pressure as Bond Yields SurgeUS30 – Dow Jones Update The Dow Jones erased 250 points as September began with soaring bond yields, dragging stocks lower after the long weekend. Nasdaq was the session’s biggest loser despite showing pre-market strength. Technical Outlook: The index reached our support target at 44,950, exactly as projected yesterday. For now, price is expected to consolidate within the 45,285 – 45,110 zone before the next move. 🔼 A confirmed 4H close above 45,285 would support a bullish continuation toward 45,460 → 45,680. 🔻 Conversely, sustained trade below 45,110 would re-open the bearish path toward 44,950 → 44,720. Key Levels: Pivot: 45,285 Support: 45,110 – 44,950 – 44,720 Resistance: 45,460 – 45,680 – 45,860
OANDA:US30USDShort
by SroshMayi