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Resistance_level

BNB- possible double bottom setupHello everyone After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy setup. On the daily chart we also have the 400$ resistance which is more likely to break again tomorrow and 390$ support level and the weekly trend line. I would wait for the next day's candle with a bull body to make sure of a reversal or bull trend or at least a weak bull channel. P.S. : This is not a financial advice.
by HubAlgo
VLXUSDT is testing the historical support! Ready for the bounce?the price is testing historical support on 0.19$ as you can see on the upper chart, where the previous bullish impulse started. On the 4h timeframe, the price is creating a descending channel How to approach? The price needs to hold the support and have a new breakout from the descending channel and static resistance and retest it as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
VLong
by InkyGrip
10
XMRUSDT is testing the resistance The price is in the accumulation phase below the daily and weekly resistance on 226$ As you can see on the daily timeframe the price created a double bottom in 140$ area, created a W pattern retested it for a new bullish impulse until the current resistance. on the 4h timeframe, the price is creating a channel between the 209 and 226$ How to approach? The price needs to have a CLEAR breakout from the weekly resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XLong
by InkyGrip
8
DOT possible breakout?Hello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in an uptrend channel marked with blue lines. Let's start by determining the support lines with the Trend-Based Fib Extension tool and as you can see, the first support in the near future is $ 18.09, if the support breaks down, the next ones are $ 17.06 and $ 16.24. Now let's move from the resistance line as the first resistance is $ 19.35, if you can break it the next resistance will be $ 20.77 and $ 21.94 plus $ 23.09. Looking at the CHOP indicator, we can see that in the 1-day range we are starting to gain more and more energy, and the MACD indicator shows that an uptrend has started.
by cryptodailyuk
Tk - Principle of PolarityNYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support. Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation? This is no financial advice.
NYSE:TKLong
by StijndeVries
Bitcoin - Key levelsAs stated on a previous Idea, BTC/ USDT is trading on a Modified Schiff Pitchfork since 2020. BTC/ USDT is currently trading inside an ascending channel (White). The Upper Channel Line is the multi month trendline (Bold Yellow) that we broke in January. If we reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork as support, we could expect a move to the upside, the first stop would be the 0.382 Fibo and we should be very cautious around this level, a huge Overlap is waiting us as resistance, combined with the 200 SMA Daily and the multi month trendline / Upper Channel Line. If BTC can't reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork, we could expect a rejection to the lower level of the Modified Schiff Pitchfork (Pink Trend and Red Trend)
by MyCryptoSuccubus
1
Can GOLD break and reach 2050$ again??Hi everyone After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level. Now we have a support level of 1910$ beneath and a resistance zone on 2050$ above. Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
OANDA:XAUUSDLong
by HubAlgo
USDT.D UPDATE! What's my strategy now? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT.D is continuously bouncing that's why BTC and Alts continuously falling. Currently, USDT.D is trading near the 4.60 level. As you see in the chart, USDT.D once again trying to reach its major resistance line. We have seen multiple times in the past that after touching this resistance line USDT.D is rejected and starts falling. Now the question is this time it rejects or breaks out? Look as of now no one knows. I'll tell you what's my plan now. My simple strategy is when USDT.D reaches near the resistance line (4.75-4.85 level) I start taking entry in many Alts and hold. If in any HTF chart (Daily or weekly) USDT.D closes above this resistance line (4.80 level precisely) then I close all my longs and convert all my holdings into USDT. Until USDT.D does not reach my levels I do not open any positions and wait patiently. This is my strategy. Maybe your's is different. Share your strategy in the comment section so we all take benefit from it and learn. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.D
by CoreCrypto1
2
BTC price is by support.Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support that the price is currently based on is $ 42,882, if the support breaks down, the next is $ 41,277 and $ 39,644. Now let's move from the resistance line, as you can see the first resistance is $ 42,989, if you can break it, the next resistance is $ 44819, the next resistance is $ 45,483 and $ 46,092. Looking at the CHOP indicator, we can see that within 1 hour we start to recover energy.
by cryptodailyuk
Elliott Wave Analysis: ETHUSD Is Trading In Wave CHello Crypto traders! Today we will talk about Ethereum, its price action from technical point of view and wave structure from Elliott Wave perspective. ETHUSD is in recovery mode and from Elliott Wave perspective we can see a three-wave A-B-C Elliott wave corrective rally in progress. The main reason why we are looking for a corrective rise is because of wave B Elliott wave triangle in the middle. Triangles cannot occur in wave 2, so it should be an A-B-C. Wave C is a motive wave and it should be completed by a five-wave cycle, where final wave (5) of C is still missing. So, from technical point of view, we can easily see more gains till the end of the week, ideally towards projected 3600-4000 resistance area, from where we will have to be aware of a reversal down again. Be humble and trade smart! If you like that we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:ETHUSD
by ew-forecast
1
Aussie Is Approaching Potential Resistance Ahead Of RBAHello traders! Today we will talk about Aussie (AUDUSD) in which we see slow price action and corrective wave structure since end of January that can be now approaching important and strong October 2021 highs resistance area ahead of important RBA. From Elliott Wave perspective, we are tracking a complex 7-swing A-B-C-X-A-B-C elliott wave corrective rally which can be nearing the end, as we see it trading in final stages of wave 5 of (C). The main reason can be a break out of wave 4 elliott wave triangle pattern that suggest final leg before a reversal. From technical point of view, we see it coming into important channel resistance line connected from the lows and interesting Fibonacci levels that can stop anywhere here in the 0.7550 - 0.7650 resistance zone. Trade well! If you like that we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
2
COTIUSDT is testing the daily resistanceThe price had a breakout from the descending channel and created a rounded bottom above the weekly support. on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures. The price already retested a Fibonacci level of the 0.382 Fibonacci level How to approach? The price needs a new breakout from the confluence zone, above the 0.31$ with the retest. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
DOTUSDT is testing the monthly resistanceThe price is testing the monthly resistance, as you can see on the upper chart, the price got rejections for that area in the past. 23.5$ is a key level for DOT. on 4h Timeframe, the price is creating an ascending channel. How to approach? The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
11
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance. On the 4h timeframe the price is below a supply zone on 7$. How to approach? The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
5
MANA Strong resistanceMANA found strong resistance at $2.77, in the last 7 days. Price action suggests a further fall before the pump. Decentraland is one of the Kings in Metaverse, so I will be not surprised if we see a 10X, in the long run, of course. To go long, wait for a possible correction at $2.29 - 2.19. If price don’t reach these levels a nice entry is between $2.82 – 2.72, when price break and retest this zone. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:MANAUSDLong
by Rhaonnor
ETHUSDT is testing the previous resistance as new supportAccording to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse. On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it. So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700. Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
11