Get started

Support and Resistance

600% falling wedge extension for VARA Network?On the above 4 day chart price action has corrected 90%. A number of reasons now exist for long entries, they include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Past resistance confirms support. 3) Point no. 2 confirms a “double bottom” in price action. 4) Notice the 4 day hammer candle? 5) The falling wedge confirmation forecasts a 600% move in price action. Is it possible sellers keep selling? Sure, I hear their supplies are endless. Is it probable? No. Ww Type: trade Risk: small, tiny market cap. Timeframe for long: Now Return: 600%
COINBASE:VARAUSDLong
by without_worries
18
THE KOG REPORT - UpdateEnd of day update from us here at KOG: As we suggested yesterday, we were too high to buy and said we'd be looking for the price to pull back into the 2807-10 region before then resuming the move upside to test the all time high and complete our bullish target levels. This worked well for us and we continued to carry the trades upside into the Excalibur targets. So, now we have potential for even more gains on Gold but again, we're too high to think about buying. We would like to see this attempt the high which is circled, if rejected we feel an opportunity to short into the order region is available. Keep an eye on the 2830 level! KOG’s Bias for the week: Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755. Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835✅ RED BOXES: Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834✅ in extension of the move Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
GOLD → Price is susceptible to manipulation. Correction?FX:XAUUSD amid high risks of tariff wars and high inflation reaches a new ATH and trend resistance, but due to manipulation by politicians there is a possibility of a small correction. Gold price is consolidating above $2,800 after an all-time high of $2,831, awaiting US employment data and Fed speeches. Volatility increased amid manipulations about Trump's tariff policy: first they set tariffs, then a few hours later they cancel them. In a word, “politicians”. Gold is going into correction after a false breakout of resistance of the ascending channel and on the news about temporary suspension of tariff increase by the USA. Overall gold is holding its ground as the Fed remains cautious on rate cuts. Resistance levels: 2817, 2830 Support levels: 2811, 2801, 2790 If the price breaks 2811 and consolidates below this area, we should expect a correction to 2800 - 2790 in the short term, there is no hint of a trend change, growth may continue from the key support areas. Regards R. Linda!
FX:XAUUSDShort
by RLinda
8
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
THE KOG REPORT - UpdateEnd of day update from us here at KOG: It wasn't quite exact, however, we managed to get the move down that we wanted for the short, stopped at our Red box support which was active, got the bounce, got a lovely long, then the short from the region we wanted....what an end to the day. We've completed our bias level targets for the day and the target of 2828 which we gave traders nearly two weeks ago and yesterday in the KOG Report. A choppy opening with gaps across the markets, but Excalibur and the indicators were not threatened at all. So, now we have the support level below 2807-10 and the resistance region 2830-5 region. We would like to see a retest of this new high so if we do pullback into the support level and hold, it's likely we will see a new all time high again in the sessions to come. Can we long? Not recommended up here unless we get back down into 2775 regions. Otherwise, keep an eye on the levels above, looks like a curveball is on its way! KOG’s Bias for the week: Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755. Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835 RED BOXES: Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834 in extension of the move Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
13
GOLD - Prise will correct and then continue grow to $2830 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it soon reached support area and then made a correction. Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up. Price made a small correction and soon rose to resistance line of channel and exited from this pattern. After this, price started to trades in between resistance line and with support line and at once fell to support line. Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow. So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
7
AUDUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 0.63475 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 0.63295 on 01/24/2025, so more losses minimum to Trend Hunter Buy Zone (0.61710 to 0.61000) is expected. Take Profits: 0.62874 0.63475 0.64388 0.65385 0.66210 0.66846 0.67965 0.69410 0.71541 __________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
10
TradeCityPro | ARBUSDT The Most Important Support of Its Life👋 Welcome to the TradeCityPro channel! Let's analyze and review one of our important Layer 2 projects, which is currently at one of its most critical support levels, and update our previous analysis. 🌐 Overview Bitcoin As always, before starting our analysis, let’s take a look at Bitcoin on the one-hour timeframe. We have settled down a bit compared to yesterday's fluctuations, but it’s still not a great time to open futures positions because any news can trigger stop-losses. However, if you insist on opening a position, the breakout of 100,026 wouldn’t be a bad entry, but you must reduce your risk. These days, it’s better to be an observer in futures trading. On the other hand, Bitcoin dominance is also crucial with this level’s breakout—if it turns green, you can open a position; otherwise, it’s better to switch to an altcoin or not open any position at all. 🕵️‍♂️ Previous Analysis In our previous Arbitrum analysis, we had a more bullish outlook and were waiting for a breakout of 0.9689 on the four-hour timeframe to open a long position. This breakout happened, and we experienced a clean move up to the 1.2364 resistance level. 📊 Weekly Timeframe On the weekly timeframe, we clearly see a rejection from the 1.1887 resistance, which was previously tested as a pullback. Now, this level has become even more significant, and after rejection, we reached the critical level of 0.4792. If you had bought earlier after the breakout of 0.6487, taking profit at 1.1887 was very logical—either securing profits or withdrawing your initial capital. If you didn’t take these actions, you likely hit your stop-loss by now. However, if you managed your capital properly and only lost a maximum of 2% of your funds, then nothing major has happened. Taking profit at 1.1887 was the smart move. This weekly candle is one of the most volatile we’ve seen recently for ARB, dropping 30% in a single day before recovering. If it closes green or even slightly higher with better volume, it could act as an entry trigger for those whose strategy aligns with it. However, I personally prefer to see some ranging first and enter on a different timeframe to follow the movement. 📈 Daily Timeframe Yesterday’s daily candle was truly impressive and showed the strength of buyers. Under normal market conditions, I would have bought with this candle, anticipating the start of an uptrend. However, this candle was mainly driven by emotions and FOMO, and many traders still don’t fully grasp the consequences of their decisions—they might realize it in the coming days. That’s why this candle doesn’t convince me, and I’m not buying based on it. Now, you might think, “What if this is the best entry point?” Personally, I would be much happier if price makes a sharp move up to 0.6487 with momentum—this would provide a more confident entry with a tighter stop-loss. In that scenario, both positions would reach their risk-to-reward targets up to 0.9178, but my entry would be more secure, and I could allocate more capital. If the daily candle closes below 0.4792 and RSI enters the oversold zone, ARB’s situation will worsen significantly, potentially forming new lows. That wouldn’t be good and could lead to deeper corrections. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3
Bitcoin Double Top Forming(Neckline is 92K so wait for breakout)As we can see until now Price test ATH resistance zone Two times and we have Strong support zone near 92K$ so we may have Double Top forming here which is strong Reversal structure and after the neckline support break to the downside this structure is completed and will cause huge dump and fall to the downside like the arrows mentioned on the chart. Notice: only if the ATH resistance break successfully then this scenario is invalid and price can see more gain to the next possible ATH mentioned on the chart. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
39
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
4
TradeCityPro | DOGEUSDT End of the Downtrend👋 Welcome to TradeCityPro Channel! Let's go together into a turbulent day in the market, which was accompanied by the opening of global markets, Trump’s side events, and economic sanctions on Canada and Mexico. Let’s take a look at the chart together. 📣 How did this happen? The event that occurred last night with the market opening in the Tokyo session was that Trump suddenly increased import tariffs from China, Canada, and Mexico to 25%, causing economic conflicts among these countries. Along with this, we saw an increase in USDCAD, the dollar index, gold, and cryptocurrency, leading to market fluctuations. However, today it was announced that these changes will take effect next month. 🌐 Overview Bitcoin Before starting the Bitcoin analysis, let’s first examine Bitcoin on the one-hour timeframe as usual. We had already opened our short position after breaking 101,654 in previous analyses, and this morning, due to sell-off candles around the 92,000-dollar range and excessive overselling, we secured a lot of profit and completely exited the position. This drop caused a severe shock to most people, leading to the liquidation of $2 billion in long futures positions. This price drop was accompanied by an increase in Bitcoin dominance, reaching my psychological ceiling, and a very long shadow up to 64.30% was recorded. In my opinion, this is the Bitcoin dominance peak, but we will wait for confirmation. The reason I say this is the peak is that a large volume of other coins is staked and locked outside the cycle. This makes it unlikely that we will go above these numbers, and we will likely experience corrections and declines gradually. However, Bitcoin itself has completely recovered its drop, which is a very good sign for upward movement and momentum because a momentum shift has practically occurred. The reason for this shift was the announcement that these economic events will be implemented next month, not now, which brought calm to the markets. But Bitcoin still has good momentum, and you shouldn’t feel left out. Feeling left out is for those who lack risk management and enter positions recklessly, not us. 📊 Weekly Timeframe On the weekly timeframe, Dogecoin, Elon Musk’s favorite coin that has practically established itself as an entity in the U.S. and made him the second most influential person in the country, has had an outstanding performance recently. It has both recorded a higher low compared to 2023 and has not undergone significant price corrections—just a rejection from its ATH, which is entirely logical. I am not buying for now and prefer to miss a move, or if I do buy, it will be very low-risk. But if you want to buy a coin, be very careful about how it performed during this correction and what its Bitcoin pair looks like. Most coins that experienced more decline, like NOT, had a bearish Bitcoin pair, while some coins that held up well were either ranging or bullish. With this weekly candle, you can take a risk and make your purchase, but you must consider that it has merely bounced off support and made a pullback. Therefore, it may range for a few weeks before continuing its momentum, as the high volatility at the beginning of the month means the market may need some rest—unless we enter a bull run. For selling, hold on for now and do nothing. 📈 Daily Timeframe On the daily timeframe, however, DOGE is one of the coins that has reacted well to recent events and is behaving almost like Bitcoin. It has rebounded from this range and is closing a strong candle with high volume, preventing the daily RSI from entering oversold territory. On the other hand, DOGE is among those coins that are positioned at higher levels compared to the daily range that most altcoins have formed, showing its relative strength against Bitcoin. If you check Ethereum on the daily timeframe, you will understand what I mean. After breaking the important 0.31019 support and the 0.236 Fibonacci support, we saw a sharp candle that rebounded between the 0.382 and 0.5 range, which is not a bad reaction at all. Most likely, some purchases will be made upon the closing of this candle. If this aligns with your strategy, it is not a bad entry point, but I personally prefer to wait a little longer and enter with a better trigger and a smaller stop-loss. Or, I might wait for the 0.466 resistance break and take the trade with more certainty or higher risk. First, when the market becomes range-bound and boring, that is exactly when the highest probability of movement occurs. Second, take risk and capital management very seriously. I know 90% of our community follows this, but I need to repeat it repeatedly to make it universal and prevent people from being liquidated unnecessarily by opening reckless positions based on mere hope. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
170% rally for Koma INU ??Requested TA, more than once. On the above daily chart price action has dropped over 80% since early December. A number of reasons now exist for a long position, they include: 1) Price action and RSI resistance breakouts. 2) Volume, a lot of new volume. See MFI breakout. 3) Reversal / hammer candle. 4) Resistances as shown, first 170% above. After that, blue sky. Is it possible for price action to correct further? Sure. Is it probable? No. Ww Type: trade Risk: high, tiny market cap Timeframe for long: sooner than you think Forecast: 170%
Long
by without_worries
2
DOGE About to Explode or Another Trap?Yello, Paradisers! Is DOGEUSDT finally gearing up for a breakout, or is this just another fakeout before a deeper drop? Let’s break it down. 💎DOGEUSDT is currently forming a descending channel pattern, and things are starting to look interesting. The price has printed a bullish engulfing candle right on the supportive trendline, backed by bullish divergence and a key support zone—all strong signals that a bullish move could be on the horizon. 💎If we see further panic selling or a deeper retracement, DOGEUSDT is likely to bounce from the strong support zone. However, for confirmation, we need to see a bullish I-CHoCH, a W pattern, or an inverse head & shoulders forming on the lower timeframes before considering a bullish move. 💎On the flip side, if DOGEUSDT closes a candle below the strong support zone, our bullish outlook gets invalidated. In that case, it’s best to step back and wait for better price action to develop rather than forcing a trade. 🎖 The key to long-term profitability is patience and discipline. Don’t rush—wait for high-probability setups and stick to solid trading strategies. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
EURO - Price can reach resistance level and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price broke $1.0410 level and started to trades inside flat, where it at once fell to $1.0250 level. Then Euro bounced up from this level and rose to resistance area, after which turned around and started to decline. In a short time, price fell to $1.0180 points, thereby exiting from flat and then started to grow in rising channel. Inside channel, price broke $1.0250 level, rose a little, and then made a small correction to support line. Next, Euro rose to $1.0530 points, thereby breaking resistance level and making a gap, but soon fell to $1.0350 points. Price exited from channel, so, now I think it will make move to resistance level and then fall to $1.0250 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
8
ADAUSDT - Daily Analysis (D)#ADAUSDT - Daily Analysis (D) Update: As predicted in the previous analysis, the price drop for ADA has continued. According to recent analysis, the medium-term support level for this coin is around $0.40. It is expected that the price will move downward in an ABC correction structure towards the lower bound of the descending channel. 🔻 Key Support Level: $0.40 🔼 Prediction: Continued corrective movement towards the lower channel bound This analysis indicates that further downside is likely in the short term, but the support level can present an opportunity for entry. ————————————————————— 📅 Date: 2025/02/04 Analysis by: @MohsenHasanlu
by Mohsen_Hasanlu
2
ACTUSDT → Attempting to change the trend BINANCE:ACTUSDT is trying to move into the realization phase after breaking through the resistance of the bearish wedge, a pattern capable of changing trends After a prolonged downtrend, the coin has found a bottom in the 0.1500 area and yesterday's bitcoin recovery was a bullish driver for ACT. The market is pretty much confirmed manipulation by the US government and will have to come to terms with that. Technically, the focus is on 0.21400 support. The key pattern to wait for is a false break of the support followed by a consolidation above the level and the start of an upside move. This would be a characteristic bullish maneuver that could lead to local strengthening. Resistance levels: 0.26800, 0.35120 Support levels: 0.21420, 0.1500 For a trend change, the coin needs not only to consolidate above the support, but also to overcome the resistance at 0.26800. The altcoin market is weak, so there should be strong confirmations to open positions in one direction or another. Regards R. Linda!
Long
by RLinda
2
THE KOG REPORT THE KOG REPORT In last week’s KOG Report we said we would be looking for the deeper pull back from the open and then hunt the long trades into the levels we published as our bias and red box targets. We managed to get the short early part of the week into the level we wanted 2730-35 giving us the long trade and a phenomenal pip capture. We then published the FOMC KOG REPORT and stated a similar scenario, only this time expecting price to give us an undercut low before then resuming the move into all time highs. Price didn’t capture the liquidity from below enabling traders to keep positions from below and then carry trades up completing every target level down and up for the week! A fantastic week in Camelot and for those who followed, not only on Gold but all the other pairs we trade and analyse, completing 28 targets during and high volatility and demanding week. Well done to the team! So, what can we expect in the week ahead? We’re looking for two potential moves this week to start with. Ideally, we want to see the market open, test that high around the 2810-7 region and see a rejection there. If we can get that RIP there we feel the move downside can commence firstly into the 2775 region and below that 2755-60. That’s the level for us to watch for a potential long trade back up but we’ll treat it level to level unless the 2890-95 region is broken. Our target level of 2828 is still active, however, we would again like to see a deeper pull back before attempting that long trade as we’re too high and It’s too dangerous up here. On the flip, if we break above that 2810 level and can hold above it, we’ll be looking to complete our target level and based on a clean set up, a potential swing short for the bigger capture may come from up there. Crucial level here is 2790 which has been circled on the chart, it’s likely they will use this level as a key level for this week. KOG’s Bias for the week: Bearish below 2810 with targets below 2795, 2775 and below that 2755. Bullish on break of 2810 with targets above 2820, 2824, 2828 and above that 2835 RED BOXES: Break of 2810 for 2815, 2818, 2828, 2830 and 2834 in extension of the move Break of 2790 for 2785, 2877, 2765 and 2755 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
USDCHF to find buyers at market price?USDCHF - 24h expiry Our short term bias remains positive. The primary trend remains bullish. We look to buy dips. 50 4hour EMA is at 0.9094. Setbacks should be limited to yesterday's low. We look to Buy at 0.9095 (stop at 0.9068) Our profit targets will be 0.9174 and 0.9184 Resistance: 0.9131 / 0.9160 / 0.9197 Support: 0.9093 / 0.9080 / 0.9060 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1