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Support and Resistance

Bitcoin BEARISH - BTC Strong Resistance On Weekly TFBitcoin has reached strong resistance on the weekly TF. The resistance line goes the whole way back to 2017. So it's very reliable. A strong move downwards is very likely! Based on previous times this line was tested, Bitcoin could fall 50% or more. However, the 74000-75000 level looks like a good support level. This would be about a 30% drop which is still very significant. I expect profit taking very soon and short sellers to come in. There could possibly even be global headline news to cause this drop. Be very careful in buying near the tops. Trade with your brain and not emotions. This is only an idea and anything can happen, but it's a weekly chart and seems very reliable.
BITSTAMP:BTCUSDShort
by EACoders
1
NASDAQFed's Hawkish Stance Sparks Fears ofSustained 4%Rate FloorMarkets Fear Fed's 4% Floor as Dollar Surges While the Federal Reserve's "hawkish cut" on Thursday was widely anticipated, markets are now concerned that the 4% policy rate will act as a floor for the coming year, with no further easing expected until midyear or later. Technical Analysis The price dropped approximately 4.5% yesterday ahead of the Fed's rate decision. Today, the market corrected to the resistance level of 21,420, after which it is likely to drop back toward 21,215, particularly if it stabilizes below 21,420. Stability below 21,420 will maintain a bearish trend, targeting 21,280 and 21,215. A break below 21,215, confirmed by a 4-hour candle close, could push the price further down toward 20,990. Key Levels Pivot Point: 21420 Resistance Levels: 21530, 21620, 21770 Support Levels: 21290, 21215, 20990 Trend Outlook Bearish Momentum: Likely to persist with stability below 21,420. Bullish Momentum: Possible if stability above 21,420 is achieved.
OANDA:NAS100USDShort
by SroshMayi
1
Or do we have to wait for longer?Here we assume that XRP won't go after the ATH just yet. We will have to see if #Bitcoin chills out for a moment and starts either distributing or slightly correcting to $98-100K regions. We can then assume the corrective wave (primary W4) will be deeper or a more complex variant (here presumed an expanded flat). The flat correction would allow for consolidation and a potential RSI reset, possibly forming a bullish divergence to signal a reversal which is typical between waves 3 and 5. A clear break of the lower trendline and failure to hold $1.97 would validate this scenario. The invalidation for this scenario will be taking out the recently set high at $2.9. Given the corrective nature of expanded flats, completion of this structure could extend into early 2025, aligning with broader market uncertainties and potential shifts in macro sentiment.
BITSTAMP:XRPUSDShort
by amourification
2
Will Allakos Inc. return 10,000% ?? Maybe even 20,000% This is a 20,000% return idea from current price action. If you missed out on the QUBT trade (below) and find yourself filled with regret at the inaction taken… Then Merry Christmas... On the above 15 day chart price action has corrected a massive 99.5% from $166 since early 2021. A number of reasons now exist to take advantage of this discount. They include: 1) Price action and RSI resistance breakouts. 2) Strong regular positive divergence. Recognise this divergence prints at a time price action resistance breaks out and prints support on past resistance from a 4 year active resistance downtrend. 3) No share splits! 4) “Off-Exchange Short Volume Ratio 39.57%” - who are these people? 5) The forecast comes from the wedge breakout. Top and bottom touch points are used to measure the forecast area Is it possible price action continues to correct? Sure. Is it probable? No Ww Type: Trade Risk: You decide Timeframe for long: QUBT danced around 60 cents for a month or so, people got bored, others left in frustration… do you want to see my inbox as price blasted past $6 ?? Filled with regrets from folks unable to exercise patience. Return: 2,500% in the first wave Stop loss: Will say elsewhere
NASDAQ:ALLKLong
by without_worries
10
ACHR Symmetrical Triangle Breakdown with Key Level!The **30-minute chart** for **ACHR** highlights a **symmetrical triangle breakdown**, indicating bearish momentum. - **Entry**: $8.32 (yellow line - breakdown level) - **Stop Loss (SL)**: $7.75 (white line - key support) - **Target 1 (T1)**: $9.30 (red line - immediate resistance) - **Target 2 (T2)**: $10.55 (green line - major resistance level) The price is breaking below key support levels with strong volume, suggesting potential for further downside. Watch for price action near $8.32 to confirm the trend. #ACHR #TradingSetup #TechnicalAnalysis #NYSE #StockMarket #BearishTrend
NYSE:ACHRLong
by Xeeshan79
EURJPY Wave Analysis 19 December 2024 - EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair. EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
Long
by FxProGlobal
EURGBP Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal
JUPUSDT – The Sleeper Setup?Ah, Jupiter, you were my favorite. Still are. The platform? Insane. The potential? Off the charts. But this is crypto, and value doesn’t always follow logic—it follows vibes. Sometimes things moon just because we like the stonk. 💎🙌 Right now, JUP’s in a downtrend, and combined with a Fibonacci retracement, we’ve broken through the 0.618 Fib. Translation: we’re likely going lower, targeting the 0.786 zone, but not for long. Setup for buys with some scam wicks. We have a chance we can bounce directly where we are now 0.8856, lining up with my second downtrend line. Honestly, this wick down feels like pure manipulation—designed to shake out weak hands. My gut? It’s time to long, scaling into positions down to 0.80 cents wicks. Once the dust settles, I’m seeing an explosive recovery to 1.13—prime target territory. TL;DR: Current Setup: Downtrend ; we broke below the 0.618 Fib, heading for 0.786. Support Zone: 0.94–0.69 cents. Short-Term Resistance: 0.8856 area (downtrend line). Bounce Target: 1.13+ after recovery. Play: Sizing into longs down to 0.80 cents wicks. Sometimes you just gotta trust your gut and ride the manipulation waves. I’m bullish long-term because JUP’s tech is next level. Let the kids get scared—pros know when it’s time to pounce. 🚀👊
by chartzard1337
1
XRP Long OpportunityMarket Context: XRP has shown strong performance and is revisiting the 2021 resistance highs, which have now flipped into support. This creates an ideal zone for a long entry with solid risk-to-reward potential. Trade Details: Entry Zone: Around $1.80 Take Profit Targets: $2.42 $2.90 Stop Loss: Close below $1.60 This setup aligns with XRP’s bullish structure, providing an opportunity to capitalize on its momentum while managing downside risk effectively. 📈
Long
by Richtv_official
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
SOLUSD – Bounce or Breakdown? Time to ChooseCurrently trading at 204.52, Solana’s sitting just above a key white box support zone between 193–203, which is shaping up as a strong bounce location. The upward trendline remains intact, keeping the bull thesis alive, but here’s the deal: lose support at 193, and things could get ugly fast. That 193 area aligns perfectly with the 0.236 Fibonacci retracement, making it a do-or-die level for the short-term bulls. Right now, the setup is giving double-top vibes, and we need to see strength here. A breakout and close above the weekly ATH is the green light we’ve all been waiting for. Stay focused—SOL still has the fundamentals: a thriving ecosystem, killer tech, loads of users, and insanely low costs. Long-term, the outlook is solid as the blockchain itself. 🌱 But let’s not sugarcoat it—if we break 193, brace for impact. Expect aggressive downward pressure, with price likely testing the trendline and possibly wicking down to 157 (the 0.382 Fib retracement). That’s where buyers could step back in. TL;DR: Support: 193–203 (white box, 0.236 Fib). Resistance: Weekly ATH needs snapping for continuation. Bear Scenario: Below 193 → pressure to trendline, potential wicks to 157. Bull Target: 411 long-term with an R:R of 5.4. The uptrend is alive, but this is where SOL needs to show it’s got legs. Don’t sleep on the bounce, but manage your risk—because if it breaks, the fallout could be real. Keep your stops tight and your conviction tighter. 🧠📈
CRYPTO:SOLUSD
by chartzard1337
2
DOGEUSDT - Woof Woof! Is the Dog About to Run?Currently trading at 0.35625, DOGE is sitting snugly at the 0.382 Fibonacci retracement from its epic 2021 run. This zone is also a solid support range from back in the day, acting like a comfy dog bed for price action. If DOGE can hold the line here, we’ve got clear skies to 0.43—there’s barely any resistance to chew through above. Let’s zoom out. The ATH weekly close is parked at 0.5690. Breaking that level could send the dog straight to the 0.92 zone, completing a trend-based Fib extension off the ATH. That’s almost a full retracement and extension play—prime for the meme magic to kick in. DOGE has a history of wild moves when no one’s looking. Meme coins don’t follow logic—they follow hype. When the alts run, they run fast and furious. Keep an eye on volume spikes and sentiment shifts, because when the Dogefather calls, you don’t want to miss it. 🐕‍🦺💨 TL;DR: Support at 0.35625 (0.382 Fib + 2021 levels). Resistance at 0.43 and 0.5690 (ATH weekly close). Extension target: 0.92—let’s complete that trend-based Fib! Trade smart, stay degen. Let the memes fly. 🚀
Long
by chartzard1337