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Support and Resistance

BITCOIN → Possibility of retesting 100K. Buyer weakeningBINANCE:BTCUSDT.P is in consolidation after the rally stalled due to the exhaustion of the bullish driver. The price updates local lows and starts looking at 100K Bitcoin is under pressure after the escalation of conflict in the middle east and after the FOMC speech. There is also another observation: large companies, politicians, funds and investors have long and aggressively motivate the crowd to buy, verbally confirming that they bought dozens and hundreds of bitcoins at a time for the balance, but bitcoin is standing still and updating lows. At the same time, various services such as "cryptorank" fix bullish sentiment at the lows. The market either lacks liquidity or something more unpredictable is happening (chart drawing????) Technically, bitcoin is following the behavior of the SP500 quite strongly, which closes Friday's session quite weak and close to key support, which could trigger a continuation of the decline. Bitcoin won't stay on the sidelines and could also follow the index.... Resistance levels: 104K, 105K, 106K Support levels: 102K, 100.6K, 97.5K The price is coming out of the “symmetrical triangle” consolidation breaking the support, thus confirming the bearish mood. After a small correction after a false breakdown of 102500 the price may again return to storm (retest) the level under market pressure, which will only strengthen expectations of further decline. The target is liquidity 100600 - 100K. From 100K rebound and growth is possible. Regards R. Linda!
Short
by RLinda
22
EURUSD heads towards resistance, short-term reversal expectedEURUSD has been in a strong uptrend, and we’re currently observing price action is reaching a notable resistance zone. I am watching for a reversal here as marked on my chart, not expecting a major move, but rather a short-term rejection with a downside target at around 1.13670 , which also aligns with the POC. This is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower. If we get a decisive breakdown through that ascending trendline, my next area of interest is marked as TP2. From there we can expect either potential accumulation or another reaction, depending on broader market sentiment at the time. That said, we're navigating a complex backdrop currently: The EU macro environment is under pressure, as weak economic data from Europe is contributing to cautious sentiment around the euro. Meanwhile, a sustained USD bid continues, supported by stronger U.S. growth expectations, favorable yields, and persistent global demand. This further weighs on EURUSD. Adding to the uncertainty, escalating tensions between Israel and Iran have rattled markets this week. This geopolitical risk could be pushing oil prices higher: It’s important to note that if price convincingly rejects here and loses structure, especially with high volume and obvious bullish structure, this setup would become invalid. In that case, I would reassess and adapt
Short
by TrendDiva
26
GOLD → Consolidation within a falling wedgeFX:XAUUSD is consolidating. A major player is gathering a trading position inside a wedge ahead of distribution. But the main question is: in which direction? Gold lost ground again on Friday after mixed holiday trading on Thursday. Traders are waiting for new signals from the Fed and monitoring the situation in the Middle East. Interestingly, gold fell as the conflict escalated further (which is not logical overall). The dollar is in a global bearish trend, and traders are waiting for a decision from Powell (who is under pressure from Trump to cut rates). Technically, if we look at the wedge, we can see how difficult it is for the market to move. The price is stuck inside the consolidation. The intraday movement is very short, with long tails and a very weak reaction to both false breakouts and level break. Large players are building up positions inside the current channel. This may only hint at the possibility of future implementation (distribution). Resistance levels: 3360, 3396, 3420 Support levels: 3338, 3320, 3302 On D1 - H4, gold is in a countertrend (bullish trend) correction and is testing the trend support + 0.7 Fibo zone. Below, there are fairly strong areas of interest — 3320 and 3302 — which gold may test before rising. However, within the wedge, there is a fairly high probability of a breakout of resistance and the 3360 level, followed by a rally to the liquidity zone at 3396 Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
USD/CHF: The Next Big Impulse Down? Here's The PlanHello, traders! Let's break down a high-probability short setup that could potentially form on USD/CHF. 📉 Overall Bias & Context After another powerful bearish impulse, the price entered a correction, mitigating the previous range and reaching the maximum 78.6% Fibonacci retracement level. From this level, a potential continuation of the next impulse has begun. The first confirmation was an impulsive reaction from the 4h order block that formed after interacting with the 78.6% Fib level. This reaction, in turn, created a 1h order block, which now acts as a magnet for price and is a key condition for the bearish trend to continue. A mitigation and reversal from this 1h OB will confirm the bearish order flow and could initiate the next strong impulse down, with a minimum target of taking the low at 0.80384 . Why This Setup is High-Potential High Risk/Reward: This potential short setup could offer a very high RR. The deep corrective move has built up a significant amount of liquidity, which can fuel a fast and powerful move towards our target. DXY Confluence: The Dollar Index (DXY) provides an additional trigger for this scenario. After its own bearish impulse, the DXY has also corrected to a 78.6% Fib level, bounced off a daily order block, and after a small pullback, looks ready to continue its fall, dragging the USDCHF pair with it. The Entry Plan: Two Scenarios to Watch We have two potential areas for a reaction. We must try not to miss this with-trend setup once we get an entry confirmation. 1️⃣ Scenario 1: Primary POI * I'll be watching for a reaction from the aforementioned 1h order block, which aligns with the local 78.6% Fib level around 0.81840. 2️⃣ Scenario 2: Deeper Liquidity Grab * If the first level is broken and the "whales" need additional liquidity, we could see a sweep of the 1h swing high at 0.81937, followed by a mitigation of the 1h FVG (Fair Value Gap) just above it. The potential short entry zone will be within these two levels, after a clear reversal reaction. Price is approaching the POI zone! Follow for live updates on every step of this trade idea as the price reaches the zone. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you found this analysis helpful, support it with a Boost! 🚀 Have a question or your own view on this idea? Share it in the comments. 💬 ► Follow me on TradingView to get real-time updates on THIS idea (entry, TP, stop) and not to miss my next detailed breakdown. ► Follow me on X @TheWhaleSM for DAILY watchlists with more pairs, live setups, and trade ideas. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Short
by TheWhaleSM
4
XAU/USD Reversal Expected from Demand Zone – Bullish Breakout PoIn this 1H chart of XAU/USD (Gold vs US Dollar), the price has been trading inside a descending channel, gradually approaching a strong demand zone between $3,345 – $3,341, which also aligns with the weekly low. The price recently tested this zone and showed signs of slowing bearish momentum. I anticipate a potential bullish reversal from this area, supported by historical demand reaction and volume activity. The projected price action (illustrated with the W-pattern) suggests a higher probability of a breakout from the channel, targeting: 🎯 TP1: $3,367 (mid-structure & MA test) 🎯 TP2: $3,374.16 (key horizontal level) 🎯 TP3: $3,383.82 (upper resistance & previous support flip) 🛑 SL: Below $3,341 – invalidation of the demand zone This trade idea relies on confirmation via bullish engulfing or rejection wicks around the demand zone with volume uptick. Always wait for a clear entry confirmation before entering the trade. Trade safe and manage your risk.
OANDA:XAUUSDLong
by MKMine23
1
Bullish Tone, and made a trade based on Pivots amd FVG in comboTrade Analysis (1) Trade Plan: The idea was that the short term trend looked bullish, hence I marked up the key levels and checks to see if the price was at any of the pivot levels. Based on the idea when price crosses the Centre Top Pivot and is above a support . Further more it already visited a recent Bullish.. Hence the price may continue towards R1 above. - (2) Indicators (4 of 5): - Only Pivot and Support lines and FVG (3) Confirmations (3 of 3): - 30 min candle closing well above the TOP Centre Pivot line. (4) Risk Management Plan: - This was little high as it was set to below the end of the Bullish FVG at the bottom. On hindsight i should have waited on my entry for a revisit. However sometimes i don't wait as it does not revisit. (5) Profit Target: - R1 (6) Stop Loss: - Bottom Of FVG (7) Entry: - First Candle after 30 min candle closed above TCP (8) Profit Taking Plan: - (9) Analyzation: - (10) Psychology of the Trade: - (11) Overall Rating: (12) What was Good: - (13) What was Bad: - (14) Improvement Areas: - (15) Rule Broken & Key Takeaways:
Long
by nadeemyj
2
Trading Signals for Gold Sell below $3,443 (21 SMA -7/8 Murrray)The XAU/USD trend remains bullish as long as the price consolidates above 3,384. Therefore, it would be prudent to buy gold as long as the price consolidates above3,444, where the 7/8 Murray level is located. Gold's volatility will continue over the next few days, so we believe it could move between 3,386 and 3,356. Consequently, if gold consolidates and breaks above 3.498, it would be seen as a buying opportunity, with targets at the 8/8 Murray level around 3,600/ Last tow months, gold gapped around 3,498. This will likely be seen as a buying opportunity if the price breaks above the psychological level of $3,439 Conversely, below the R_1 around 3,443, gold will be seen as an opportunity to sell, targeting 3,400 and the bottom of the uptrend channel around 3,338. The RSI indicator is showing a negative signal, so we must be cautious when buying, as a very strong technical correction could occur.
FOREXCOM:XAUUSD
by CEO-PREMIUM-ANALYSIS
16
Precise short orders in 3370-3375 area are launched!Gold has been volatile recently, with intraday fluctuations ranging from 1 to 200 US dollars, which greatly increases the difficulty of operation for retail investors. On the surface, there are many opportunities, but there are only a few real big market opportunities. If you miss the rhythm, you can only watch your funds shrink. Remember that risk management is crucial. From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough! There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply. Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
2
Nifty Chart Analysis – Major Breakout or Breakdown Ahed Assending Triangle Chart pattern in Nifty- Breakout Possible ? As of June 21, 2025, the Nifty 50 index is showing a strong and potentially decisive Ascending Triangle Pattern on the 3-hour time frame. This formation typically indicates a bullish breakout if confirmed with volume. Let’s dive deep into the technical outlook and key levels that traders and investors should watch. Current Market Overview Current Nifty Level: ~25,080 Pattern Identified: Ascending Triangle Time Frame: 3H (Medium-Term to Long-Term Insight) An Ascending Triangle is a bullish continuation pattern formed by a horizontal resistance line and a rising trendline of higher lows. Key Levels to Watch Resistance Zone: Immediate Resistance: 26,280 (All-Time High) Breakout Target 2: 27,280 Breakout Target 3: 28000 (Long-Term) If Nifty breaks above the 26,280 level with strong volume confirmation, the next upward targets will be 27,280 and possibly 28000 , based on the measured move from the triangle height. Support Levels: Latest Support: 24,250 Post-Election Breakout Support: 22,800 Major Support (Election Result Day Low): 21,300 If any major negative trigger (geopolitical or macroeconomic) occurs, a sharp correction can’t be ruled out. The levels mentioned will act as key demand zones. Potential Global Risks While the technical setup is bullish, external risks could spoil the party: Geopolitical Conflicts: Iran vs. Israel India vs. Pakistan China vs. US tensions Macro-Economic Triggers: Spike in Inflation or Crude Oil Prices US Fed Rate Hike Surprises Global Recession Fears In such cases, a steep fall toward 22,800 or even 21,300 may occur. ✅ Conclusion & Strategy The current Nifty setup presents a classic high-reward-low-risk opportunity for long-term traders if a breakout is confirmed. However, caution is advised if global uncertainties increase. Investors should: Wait for a decisive breakout above 26,280 with volume. Maintain a stop-loss around 24,250 on long positions. Consider booking partial profits near resistance levels and re-entering on pullbacks. How Traders Can Prepare for the Next Move Whether a breakout or breakdown happens, traders must: Use proper stop-loss and risk management Wait for volume confirmation Watch for FII/DII activity Combine price action with Data Analysis Important Note: This analysis is based on current chart patterns and known global events. Always use proper risk management and consult with a financial advisor before taking investment decisions. 💬 Like the chart if you found it useful 🗣 Comment your views or questions 👤 Follow us for regular breakout updates 🔁 Share this chart with your trading community and friends who follow Nifty! ✅ Let’s grow together with smart chart analysis and technical strategies.
NSE:NIFTYLong
by manojshinde27
1
ETH: Breakout or Breakdown?As you can see ETH has been trading inside of this rising channel since the beginning of May. Rising channels favor a break to the downside, I've also highlighted some bearish divergence on the RSI which also points to a move down. The orange lines are long term weekly trend lines. The bottom orange line connects the 2022 lows through to the April lows, if price breaks down, expect a retest of the underside of the channel before moving down to the orange line around $1435. This would only be the third hit and third hits rarely breakdown. If it defies logic and breaks out above, look for it to move up to the top orange line around $3600, which connects the 2021 bull market highs through the march 24', May 24' and December 24' highs. If it comes into this area, it would be a 5th hit of a major weekly trendline, 5th hits have a very high probability of breaking out to the upside, if this happens it would be very bullish. In this scenario I would expect ETH to come down and test the top of said trendline as support before moving to new all-time highs. A Fibonacci retracement from the 2020 lows to the 2021 highs would put new price targets at $6,670 at the -0.382 as well as $7,800 at the -0.618.
COINBASE:ETHUSD
by bradc1984
2
GOLD → Continuation of the global trend... To 3350?FX:XAUUSD is testing trend support within a correction. Against a complex fundamental backdrop (the Middle East, Fed comments, Trump's desire to lower rates), the price may continue to rise. The price of gold rose from a weekly low of $3,363 on Thursday thanks to increased demand for safe-haven assets following reports of possible US strikes on Iran. Markets are ignoring the Fed's hawkish decision to maintain its tight policy and rate forecasts. Traders are waiting for new signals from the Middle East, given the risk of increased volatility due to low liquidity in connection with the US holiday. Technically, a bullish wedge pattern is forming as part of the correction. The breakdown of the pattern's support did not lead to a decline, but a return of prices and a breakout of resistance could trigger growth after liquidity returns. Resistance levels: 3373, 3403, 3420 Support levels: 3349, 3320 Before growth, a retest of the trend support or the 3350 zone is possible. However, if the price goes above 3375 and the bulls hold their ground above this level, then we can expect growth to continue within the trend. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
21