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Resistence

ETC/USDT - 1W interval Chart Hello everyone, I invite you to review the ETC pair to USDT chart, taking into account the interval of one weekend. As we can see, the price is currently in the support zone from the level of $25.60 to the level of $24.27, but if the zone is broken, we still have visible support at the level of $21.85 and then we can see a drop to the level of $17.55. Looking the other way, when the trend reverses, the important resistance level is $29.35, then the resistance level is $33.30, and the next significant level is $36.26.
by cryptodailyuk
COTI/USDT 1W chart reviewHello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further. After unfolding the Fib Retracement mesh, resistance can be seen at the following levels: T1 = $0.137 T2 = $0.158 T3 = $0.173 T4 = $0.196 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $0.111 SL2 = $0.088 SL3 = $0.07 Looking at the RSI indicator, we see as it returned to the middle of the range where the upward trend had previously reversed.
by cryptodailyuk
MKR/USDT 4H Interval ChartHi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels: T1 = 1708 USD T2 = 1844 USD T3 = 1955 USD T4 = 2067 USD T5 = 2225 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 1591 USD SL2 = 1386 USD SL3 = 1118 USD On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
by cryptodailyuk
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval. As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29. In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39. The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
by cryptodailyuk
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What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles. Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072. If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of ​​$101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
COINBASE:BTCUSDLong
by cryptodailyuk
[GEX] levels for QQQFirst, let’s examine what we see on our chart using options indicators: Summarizing the GEX levels through December 26, we have a strong call wall at around 540. If price can break above and hold that level, it could easily pave the way toward 550. However, if we’re expecting a Christmas selloff after Friday’s close, this bearish assumption might prove worthwhile. This brings up a point that often comes up: “How do I interpret whether the optoins indicator is bullish or bearish?” There’s no such definitive signal! The levels and options metrics show certain conditions, but no one can tell you exactly what will happen next. This is where you need to have a directional hypothesis. Once you have it, the indicators can help you fine-tune your positioning, identify realistic targets, and select viable legs—but they won’t decide your directional stance for you. For example, while everything may look bullish, let’s say you have a contrarian bearish view. Then you can see where it makes sense to position yourself. Test Case Chosen: 8x QQQ Dec 24th – Dec 26th 525 Calendar Put Spread Max Loss: $216 Max Profit: $1,685 PoP: 45% Why not?
NASDAQ:QQQ
by TanukiTrade
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving. Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298. However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165. When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
by cryptodailyuk
GBPCAD Analysis - Bearish - Trade 06GBPCAD Analysis Overview --- 1. Seasonality GBP: Seasonality indicates a **sell** signal for GBP in the first week of December. CAD: Seasonality suggests a **strong buy** signal for CAD. Seasonality Bias: Sell GBPCAD --- 2. COT Report GBP: COT RSI: 52 weeks at 30%, 26 and 13 weeks at bottom. COT Index: 3-year at 50%, 1-year at 30%, indicating weak positioning for GBP. Net Non-Commercial: Decreasing, showing a bearish sentiment. CAD: COT RSI: 52, 26, and 13 weeks at 20% and increasing, showing bullish momentum. COT Index: 3-year and 1-year at 20% and increasing, aligning with a buy sentiment. Net Non-Commercial: Increasing, with a positive bias. COT Bias: Sell GBPCAD. --- 3. Fundamental Analysis Leading Economic Indicators: GBP: Decreasing, signaling economic weakness. CAD: Increasing, pointing to economic strength. Endogenous Factors: GBP: Decreasing, aligning with a sell sentiment. CAD: Increasing, further supporting a buy stance. Exogenous Factors: GBPCAD exogenous signal indicates a buy CAD, sell GBP sentiment. Fundamental Bias: Sell GBPCAD. --- 4. Technical Analysis RSI Divergence: Bearish divergence identified, indicating potential downside movement. Breakout Indicator: A red arrow confirms bearish momentum on key breakout levels. Resistance Zone: Price is currently at a strong resistance zone, showing rejection patterns. Technical Bias: Sell GBPCAD. --- Final Bias: Sell GBPCAD The alignment across seasonality, COT data, fundamental indicators, and technical analysis strongly supports a sell setup for GBPCAD.
Short
by asadamalik
Reading a chart is not a very difficult art. Today we will try to understand how to read the charts how to make assumptions based on the same. First thing that one must understand that it is not a rocket science. One has to be creative, attentive and a sort of meditative. Albert Einstein once said that "it is not that I am smart but I stay with the questions much longer". For reading the chart one must ask questions to the chart and observe the answers by reading between the lines and understanding the patterns. Everything has patterns. Even time is not linear even as per Vedas the time is cyclical. That's why we have God (Generator, Operator and Destroyer). If time is cyclical the cycle is a pattern. We say that history repeats itself. Stock market legend Jesse Livermore once said "All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis. Patterns repeat because human nature hasn’t changed for thousands of years” If you want to know more about Jesse Live more you can watch the movies like The American Clock, The day the bubble burst or The bucket Boy. Thus by asking the question to the chart and by observing the chart and searching fo the answers by noticing the patterns, historic layouts, supports, resistances and applying certain amount of basic maths and common sense one can come to know about the risk is to reward ratio in buying a stock or a derivative. 'Breakout' or Breakout level is what we are searching for. The coveted breakout may happen or it may not even after calculations and chart study and fundamental analysis. So if break out fails you must have a stop loss to protect your capital. If breakout actually happens you let your money work and reap the benefit. After having understood this basic concept let us try to analyse the chart of IDBI Bank for the purpose of education. I will mention below my observations of the same. The purpose of this analysis is educational and one must not treat it as a buy or sell call. The First thing that I observe here is that the stock is moving in a particular parallel channel. Many of the stocks do move in channels. There are different kind of channels and this one is a parallel channel. In a parallel channel channel top works as a resistance, Channel bottom works as a support and mid channel might work as a support if stock price is above it. The same mid channel will work as a resistance if the stock price is below it. Thus we get a Long term target 120 which can be the channel top. We get a long term support 75 which can be the channel bottom. The point to note is that 75 level has been supporting this stock since March 24. The stock has bounced from there many a times as indicated in the chart. In this particular case mid channel will work like a resistance. The real breakout might happen after we get a closing above it at the levels of 91.6. CMP of the stock is 85.12 but before we reach 91.6. There is a scope of trend line breakout if the stock closes above 87.6. Thus 91.6 is my first target. The closing above 91.6 can also be treated as a compounding point for stock's further journey. You can also think of takin partial entries at 87.6 and 91.6. If I am a Short term trader, I can even trade the stock for the target of 91.6. After closing above 91.6 further targets can be 96, 99, 101, 105, 107 and finally 120. Partial profit booking can also be done at these various levels. Trailing stop loss can also be increased step by step as the stock moves northwards. You can never be overconfident in your analysis. Stock market is a graveyard of lot of over confident people. The design of stock market is such that it transfers money from the impatient to the patient. Thus you need a stop loss in case your break out fails. In this particular case I can keep my stop loss at either at a closing below 83 as there are Mother and Father lines (50 and 200 days EMA) at this point. To know more about stuff like parallel channel, Mother Father and Small child theory and much more interesting ways to make your money work through Techno-Funda investing. You can read my book The Happy Candles Way to wealth creation. The book is available on Amazon in (Paperback) and Kindle version (E-Version). The book has potential to become your handbook or an investment guide. If I am little bit more risk taking person I will keep the stop loss at closing below 75 in this case as 75 has historically provided a great support to the stock. Additionally now it has also become more powerful by becoming a channel bottom support (Importance of channel bottom support is discussed earlier in the article). A person who looks at the risk reward ratio can see that down side risk is Rs.2 or Rs.10 considering my risk taking ability and upside potential is around Rs 35. If you consider 120 as a channel top. So incase I keep my stop loss at 75 and my long term target at 120 my risk reward ratio can be 1:3.5. In case if I keep my target at 99 and my stop loss at 83 my risk reward ratio is 1:7 or so. So the risk reward ratio is a dynamic number which will keep changing depending on your target and risk taking ability. You need to calculate it personally. There can not be a universal risk reward ratio. As different people will keep different targets and different stop losses. Once you have determined your target and stop loss adhere to it strictly. In case of stop loss you have to be particularly strict. In case of target you can let the stock fly even higher than your target but you have to adhere to a trailing stop loss strictly. My book about which I have a description earlier talks at depth about stop loss and trailing stop loss. I sincerely hope that this write-up will help you in reading the charts, understanding the importance of charts and becoming a better investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:IDBILong
by Happy_Candles_Investment