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Supportandresitance

Reversal bullish is happening! No more boozy dancePEPPERSTONE:HK50 HSI:HSI Hello everyone how was your trade since last update? HSI turned bullish as forecasted from chart during my holidays! Did you managed to gain some pocket money? I did with intermittent networks. Let's review the Index action from wider tf; for the upcoming bull run. 1W Chart For the week of 3 Feb 2025 the Index clocked a 1000pts +~5% gain. with this the W Chart had confirmed that the MACD formed GoldenCross with dark green histogram(with high volume) 19780 turned strong support level from resistance. 22760 the next resistance level to achieve and break the last Sept 2024 High. Cross-checked with broader tf chart - D chart. D chart on 27Jan2025 D chart today 11Feb2025 MACD break above zero level on 28Jan2025; confirming the Index turning bullish. The bullish continues since then till today! KDJ is now at bullish zone but overbought. MACD are still below zero level but seems arching and inching to break zero level to give confirmation of bullish. Look at the 4H chart There was a Golden cross formed on 3Feb2025 & 7Feb2025 (of course during these 4 days there was a slight adjustment on 5Feb2025 which probably the 🐳 flush retailers out). MACD - still on the bullish zone but with reduced volume with light green histogram. KDJ - Bullish zone with overbought zone above 80 level/ BB - Ranging at upper BB channel and continue to arching up. Look at the 1H chart. MACD is curving down (within bullish zone above zero level) KDJ is in the bearish red zone almost entering oversold level of 20; wait for bullish reversal. BB : crossed below middle line entering lower BB 21270 - 21470 Lower BB : 21265 (support level) For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Get in the Golden cross and ride on the wave. Support : 21250 ( next support level 21090) Resistance : 21700 (if breaks then to retest the next resistance at 21955) It needs to be stay above 21540 to bbreak the next resistance. www.tradingview.com People sell on news. Here needs a healthy pullback, and markets continue its cycle. As a consistent and prudent traders, we should be Greedy when markets are fear. It is easier to say than doing it. Let's monitor the movement of the index and act accordingly and do not anticipate until we see confirmation from markets. Again, sticktoyourplan trade according to time frame and set TP/SL. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵. Happy Trading everyone! Wishing everyone a good prosperous year of 2025 with many winning trades!
PEPPERSTONE:HK50Long
by ChenQianYu
#MELANIAUSDT further bearish movement!📉 SHORT BYBIT:MELANIAUSDT.P from $1.420 🛡 Stop Loss: $1.440 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:MELANIAUSDT.P continues its bearish trend, failing multiple times to break above resistance $1.469. ➡️ POC at $1.469 indicates a strong liquidity zone, acting as resistance and reinforcing bearish pressure. ➡️ The price broke below $1.424, confirming further downside momentum. ➡️ The next key support level is $1.380, which is the primary target for this short setup. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $1.420 , as the price continues its decline. ➡️ Manage risk with Stop-Loss at $1.440 to protect against a potential reversal. ➡️ Main downside target: 🎯 TP Target: 💎 TP1: $1.380 — the nearest support level for profit-taking. 📢 If the price BYBIT:MELANIAUSDT.P remains below $1.424, the downtrend is likely to continue. 📢 However, a move back above $1.440 could invalidate the short setup. 🚀 BYBIT:MELANIAUSDT.P Expecting further bearish movement!
Short
by MoriartyTrading
#OMUSDT Expecting further upside momentum📈 LONG BYBIT:OMUSDT.P from $6.2310 🛡 Stop Loss: $6.1400 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:OMUSDT.P is showing strong bullish momentum after breaking above $6.1965, confirming buyer strength. ➡️ The price is now above a key level, which could act as a support for further movement upward. ➡️ The main target for this move is $6.4600, a significant resistance level. ➡️ POC at $5.8242 suggests that major liquidity was accumulated below, reinforcing the bullish outlook. ➡️ Increasing volume indicates strong buying pressure, which supports further upward continuation. ⚡ Plan: ➡️ Enter LONG from $6.2310 if the price holds above this level. ➡️ Risk management with Stop-Loss at $6.1400, to protect against false breakouts. ➡️ Main upside target: 🎯 TP Target: 💎 TP1: $6.4600 — key resistance zone for potential profit-taking. 🚀 BYBIT:OMUSDT.P Expecting further upside momentum! 📢 BYBIT:OMUSDT.P If the price stays above $6.2310, further upside towards $6.4600 is expected. 📢 However, if the price drops below $6.1400, a pullback or range-bound movement could occur.
Long
by MoriartyTrading
Gold is overbought.GOLD is in an upward channel. The indicators hint to overbought. The chart has created a harmonic pattern. We foresee a correction. ------------------- Share your thoughts in the comments section, and show your support by like the proposal. Thank you for your support! Trade Active GOLD is in an upward channel between the trendlines. The price is moving away from dynamic resistance and the channel's upper boundary. The chart has created a harmonic pattern. We expect XAUUSD to fall within the channel.
FX:XAUUSDShort
by NexusTradesZone
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again. Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold. Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns. Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back. Support levels: 2845-2850 and 2830. Resistance levels: 2860, 2872, and 2882. Trade Active Gold is testing the previously defined support zone. The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term. As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse. By Nexus Trades Zone
FX:XAUUSDLong
by NexusTradesZone
#BILLYUSDT expecting further decline!📉 SHORT BYBIT:BILLYUSDT.P from $0.00367 🛡 Stop Loss: $0.00390 ⏱ 1H Timeframe 📍 Overview: ➡️ BYBIT:BILLYUSDT.P continues to trend downward, forming new local lows. After retesting the $0.00387 zone, the price failed to hold and dropped again, confirming seller dominance. ➡️ POC (Point of Control) at $0.00475 shows the highest liquidity area, positioned above the current price. This confirms a bearish market sentiment, as major trading activity is still concentrated at higher levels. ➡️ A breakdown of support at $0.00367 strengthens the downtrend, opening the way toward $0.00336, where buyers previously showed interest. ➡️ If the price holds below $0.00367 , further downside movement is likely, with increasing sell pressure. ⚡ Plan: ➡️ Enter short after confirming a breakdown below $0.00367 , signaling further downside. ➡️ Risk management through Stop-Loss at $0.00390 , placed above the nearest resistance zone. ➡️ Primary downside target – $0.00336, where buyers may step in. 🎯 TP Targets: 💎 TP 1: $0.00336 🚀 BYBIT:BILLYUSDT.P remains weak — expecting further decline! 📢 BYBIT:BILLYUSDT.P remains in a strong downtrend with no signs of buyer recovery. If the $0.00367 level is broken with increasing volume, the decline may accelerate. 📢It's crucial to watch the reaction at $0.00336—if significant buying interest appears, a short-term bounce is possible. 📢However, in the long term, there are no clear reversal signals yet, and long positions should be approached with caution.
BShort
by MoriartyTrading
EURAUD at Resistance - Will Sellers Step In?OANDA:EURAUD is testing a strong resistance zone, an area where sellers have stepped in before. If price struggles to break through and we see bearish confirmation—such as rejection wicks, bearish engulfing candles, or decreasing buying volume—I anticipate a move toward 1.6600. A clean rejection from this level could trigger selling momentum, leading to further downside. However, if buyers manage to break above 1.6800 with strong conviction, it could shift the bias bullish and invalidate the short setup. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Short
by TrendDiva
1
EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Proper risk management is essential, given the possibility of price breaking higher. This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Short
by TrendDiva
12
Bitcoin: Full February plan (125K shortly)Since the price of bitcoin broke out of the falling wedge formation and was successfully retested twice, its price action is incredibly bullish right now! We may anticipate higher prices over the next few days and weeks because there isn't anything particularly negative about the price action. Three powerful levels are visible on the chart, which you can utilize to guide your trading selections. The symmetrical triangle's 0.382 FIB and POC mark the initial level, which is located at 105,544 USDT. Following a breakout, this level will probably be tested soon. This implies that Bitcoin may surge above $110,000, then return to test this level before rising further. 110,342 USD is the second level price. Because it is the 0.618 FIB extension from wave 1 to wave 2, this level is likewise quite powerful. We can anticipate a liquidity sweep above this swing high and a brief downturn since it is also above the prior all-time high. At 118,109 USDT, the third level is located. We also have a 1:1 FIB extension, and as you may know, Bitcoin responds to this extension rather consistently, so this is another important level. It's among the greatest. The Elliott Wave analysis shows that the price action is likewise bullish. Impulse wave 3 has begun, and we have just completed the ABC correction with a 1:1 FIB extension. The 1:1 FIB extension may also mark the end of this wave 3, but we must watch for trendlines, chart patterns, and maybe RSI bearish divergence. For the upcoming days and weeks, this is my main strategy. The other strategy is that the ABC correction (wave 2) may become a WXYXZ triple three corrective wave if it is not finished. I'll provide you with an analysis if you leave a comment with your altcoin. For more inspiration, please hit boost and follow. If you have a skilled coach, trading is easy! Since there is no stop-loss or profit goal, this is not a trade setup. I keep my trades to myself. Thank you, and best of luck with your transactions!
Long
by NexusTradesZone
CADJPY: Strong Reversal After Liquidity GrabEducational Insight The market surged to the upside, targeting liquidity highs to trigger stop losses. Once liquidity was cleared, price stalled and reversed sharply. By marking key candle highs and lows, we identified swing points to count the market waves. We applied the 2 Data Points Rule to validate the break of support or resistance—this is a crucial concept in confirming true market structure shifts. Additionally, we analysed the wavesofsuccess wave structure, focusing on the Momentum Low and what to anticipate when price reaches this level. 🚀 If this insight adds value to your trading, smash the boost and drop a comment! Blessings.
by Charts247TradingAcademy
2
Bitcoin can make correction to support line and then rebound upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow to the resistance level. When BTC almost reached the 106K level, it turned around and made a small correction, after which it rose to the seller zone in a short time. Then the price dropped to the buyer zone, after which made a strong impulse up to new ATH (109K points) and started to trades inside the triangle. In this pattern, the price at once made a correction movement to support line of the triangle and then repeated impulse up to the seller zone. After this movement, BTC made a correction to the support line of the triangle again and then backed up to the seller zone in a short time and even rose to the resistance line of the triangle pattern. Next, the price started to decline and later fell to the support level, exiting from the triangle pattern and also then broke the 100K level and fell below. But then BTC started to grow near the support line and soon broke the 100K level one more time and continued to move up next. Recently it made correction and then continued to grow, so, in my opinion, Bitcoin can correct to support line again. After this, I expect that the price will continue to move up the resistance level. That's why I set my TP at 105K points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
27
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
Bitcoin can turn back to the seller zone from the support lineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago reached a resistance level, which coincided with the seller zone, and then dropped to the support level, which coincided with the buyer zone, and then started to trades in the range. In range, BTC at once rebounded from the support level and tried to grow, but failed and fell back. After this, the price bounced up and then turned around and declined to the buyer zone, after which started to grow. A short time later, Bitcoin rose to the top part of the range and then dropped to the buyer zone back, making a fake breakout of the support level, and then turning back to the range. Price sometimes traded near the 93200 level and later broke it, exiting from the range also and falling to 90800 points. Then BTC made a strong impulse up from this point and rose to almost resistance level, which coincided with the seller zone, after which corrected to the support line. Then BTC rebounded up from this line and rose to the seller zone, reaching a new ATH (109K), and soon fell back to the support line. But recently price bounced from this line and started to grow. So, for this case, I think that BTC can fall to the support line and then rebound up to the seller zone, breaking the resistance level. That's why I set my TP at 109500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
retreat frm ytd 'short bullrun'; look at key support levelPEPPERSTONE:HK50 HSI:HSI Look at the 4H chart. MACD - Deadcross curving down KDJ - Bearish zone. BB - entering lower band. Cross-checked with broader tf chart - D chart. MA20 :19632 MA52 :19738 (MA52>MA20) KDJ is now at bullish zone; overbought. Both KDJ and MACD are still below zero. MACD seems to be forming a curve; it may go down if there is no strength to break above the zero line and turn bullish. We can probably see a sideways movement until the distraction—news announced in February. Continue to monitor to wait for MACD Signal cross above zero line confirming BULLISH. Can accumulate and swing trade for 4 wks-6 wks. Look at the 1H chart. The pullback is delayed but inevitable. At point of observed KDJ it's in red bearish zone. MACD is at bullish area fast line is touching signal line forming a dead cross within Bullish zone. For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 19782 (next 19742, 19300 ; key support level 19545) Resistance : 19900 (if breaks then 20030) Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging. Although it can be boring, you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. Reminder : to slowly accumulate Hong Kong and China stock/ETF/Index and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already.... HKEX:2800 HKEX:2823 HKEX:2801 Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Time is our friend! Trend is our friend too, do not go against it. Happy Trading Everyone! ☺
PEPPERSTONE:HK50
by ChenQianYu
HSI performance with the 47th president inaguration PEPPERSTONE:HK50 HSI:HSI Hello everyone! CNY is around the corner, am about to off for celebration. Hope who celebrate CNY enjoy and welcoming the new wood snake 🐍 coming. Is gonna to be a challenging and fascinating year to both West and East. The trade plan. Look at the 4H chart. Both MACD & KDJ are arcing again (MACD still within the bearish zone, below zero level) MACD is at bullish zone but fast line curving down. KDJ at overbought zone and curving down and turned into red zone indicate Bearish. Cross-checked with broader tf chart - D chart. KDJ is now at bullish zone but overbought. Both KDJ and MACD are still below zero level. Bearish, monitor to wait for MACD Signal cross above zero line confirming BULLISH. 1H chart the Index had soared 440++pts; +2.27% for HK50 yesterday. Pullback is inevitable today. At point of observed KDJ it's in red bearish zone. MACD is at bullish area fast line is touching signal line forming a dead cross within Bullish zone. For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 19895 (next 19778; key support level 19545) Resistance : 20300 (if breaks then 20350) Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵 to let the results be realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. The markets is always gonna be there. Reminder For the East : to slowly accumulate Hong Kong and China stock/ETF/Index (undervaluation) and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already.... For the West : AI applications, Digital assets for sure but not all in one basket. Diversified. Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Time is our friend! Happy Trading Everyone! ☺
PEPPERSTONE:HK50
by ChenQianYu
1