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Pivot Points

Orange Breaks, We Fly. Blue Falls, We Dive. The chart highlights two critical regions, each playing a pivotal role in determining the next trend direction for IBIT Bitcoin shares: Orange Box - Key Resistance Zone The orange box represents a crucial resistance area. For the rally to sustain momentum and push higher, this region must be decisively broken and secured. A close above this level, coupled with strong volume, would indicate the bulls are in control, signaling a potential continuation of the upward trend. Blue Box - Key Support Zone The blue box acts as a significant support level. Should the price fall below this zone, it would suggest weakness in the market. A confirmed breakdown, followed by a retest of the orange box from below, provides an opportunity to take a short position, as this would signal the onset of a downtrend. Conclusion: These zones are pivotal for the current market structure. Traders should closely monitor price action around these levels to identify whether the market leans towards bullish continuation or bearish reversal.
NASDAQ:IBIT
by XU99
New alt postion Well (moonwell)After realizing we are about to be in full blown alt season I am adding some risk and spreading some bets. Well is a more fundamental pick for me, they are on two popular chains, base and moonbeam. They also have a high amount of TVL in their stablecoin lending products. I have started to deploy my USDC into this risky bets. TA wise I like this setup, we see a break from a rising bottom, and higher highs. Plenty of room on the weekly stochastic, and BBWP is not at extremes.
Long
by Apollo_21mil
Bearish Wedge Breakdown: Key Levels to Watch!OANDA:XAUUSD After analyzing the 1-hour chart, we identified an Ascending Broadening Wedge, signaling a bearish continuation. In our previous analysis, we forecasted a drop to 2656, but the price fell just short, reaching 2658. This time, we anticipate a break below 2656. If the price breaks this level, our next target will be 2578. Disclaimer: This content is for educational purposes only and not financial advice. Trading carries risks; trade only with capital you can afford to lose. Past performance does not guarantee future results. Note for Traders: Success requires strict risk management. Limit risk per trade, use stop-losses, and stay disciplined for consistent growth. Happy Trading
OANDA:XAUUSDShort
by SpicyPips
3
GBP/USD: Bullish Bias and Strategic PositioningToday, I’m excited to share my analysis on the GBPUSD currency pair, which is currently showing a strong bullish bias. As we navigate through the market, I will be utilizing probabilities to strategically position myself for long trades. Current Market Dynamics The GBP/USD pair has recently shown resilience, bouncing off critical support levels around 1.2670. This rebound suggests a potential bullish reversal, driven by positive sentiment surrounding the UK economy. Key fundamentals such as the Bank of England's recent decisions to maintain interest rates amidst inflationary pressures signal confidence in economic stability, which supports our bullish outlook. Global Influences On the global stage, factors such as a weakening U.S. dollar and improving economic indicators from the UK create a favorable environment for the British Pound. Additionally, geopolitical developments are leaning towards stability, which typically boosts investor confidence in GBP. Trading Strategy In this context, I plan to leverage statistical probabilities to identify optimal entry points for long positions. By focusing on key technical indicators, I aim to maximize potential gains while effectively managing risk. Join me as we explore this exciting opportunity in GBP/USD! Let’s make informed trading decisions together and capitalize on this bullish momentum. Happy trading! 2W: 3H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2
XRPUSD: Watch for Upside Above 2.003, But Downside Risk RemainsHello, BITSTAMP:XRPUSD has been extremely volatile, with returns skyrocketing. Our patience since the 0.5000 downside level has really paid off. Be sure to trail your trade, as there’s potential for downside movement, possibly revisiting the 1-year pivot point. However, if the price manages to break and hold above 2.003, we could see further upside potential! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:XRPUSD
by TradeWithTheTrend3344
DASHUSD: Potential for 1Y High, Stay CautiousHello, COINBASE:DASHUSD has been performing well, and the patience is paying off with the recent upward movement! There’s potential for the 1-year high to be tested at 45.95000. However, caution is advised—use automated trailing stops to secure profits. While more upside is likely, it remains uncertain, especially depending on how the price behaves around the previous highs. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
COINBASE:DASHUSD
by TradeWithTheTrend3344
BCH/USD Eyes 6-Month High Amid Seller PressureHello, COINBASE:BCHUSD recently reached a new 6-month high at 536.10. The price is likely to revisit this level, and if it breaks and sustains above it, we could see a test of the 1-year high at 718.45. However, caution is advised as sellers are currently exerting significant pressure, and the price may turn bearish soon, depending on its reaction around the 6-month high. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
COINBASE:BCHUSD
by TradeWithTheTrend3344
ETH/USD Nears Key Resistance LevelsHello, BITSTAMP:ETHUSD recently reached a high of 3689.05 and is approaching key resistance levels, including the 6-month high at 3885.90 and the 1-year high at 4094.00. While short-term fluctuations are anticipated, the long-term outlook remains strongly bullish. However, caution is warranted, as a downside correction is likely to follow after these resistance levels are tested. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:ETHUSD
by TradeWithTheTrend3344
BTC/USD: 100k in Sight, But Caution AdvisedHello, BITSTAMP:BTCUSD has a strong chance of reaching 100k, but it's essential to remain cautious. The 1W Pivot Point has held as support, and a previously strong 1D resistance level has also flipped to support. However, don’t focus too heavily on the 100k mark, as it could lead to missed opportunities for potential profits along the way. Sellers are currently quite active, which calls for caution. At some point, a significant downside move is likely, potentially testing the 1M Pivot Point and possibly even the 1Y Pivot Point in the future. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:BTCUSD
by TradeWithTheTrend3344
356% ADA Profit🚀 ADA/USDT Price Analysis The Cardano (ADA) chart shows strong bullish momentum, with prices climbing steadily. Here's a breakdown of key levels: 🔼 Resistance Zones to Watch: $2.00 🛑: First major resistance. Breaking this could signal a rally. $2.4758 🛑: A critical level for medium-term targets. $3.1050 🛑: Long-term price target if the bullish trend holds. 🔽 Support Zones for Buying: $0.7490 ✅: A solid support zone where buyers previously stepped in. $0.6800 ✅: Highlighted as the "Best Zone for Buy Again" – ideal for re-entry during corrections. 📈 Upside Potential: If the bullish trend continues, ADA has a 356% growth potential, aiming for $2.4159 and beyond! 💡 Takeaway: The current trend favors bulls, but a pullback to support zones could provide better entry opportunities. Keep an eye on trading volumes and breakout confirmations at resistance levels!
Long
by ahmadarz