PEPPERSTONE:NICKEL has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control. The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could drive the price toward 15.6220, a logical target based on previous price behavior and the current market structure. However, if the price breaks above this zone, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Nifty in ZinZag pattern down side ..currently we are in C wave of ZigZag and wave 5th of C wave which if probably in terminal mode(ending Diagonal)..if 2 4 trendling broke nifty will correct zigzag ..market will be on upside in small time....this is not buying recomandation
? Welcome to TradeCity Pro! In this analysis, I want to review ASTR, one of the coins in the Ethereum ecosystem, currently ranked 159th on CoinMarketCap with a market cap of $297 million. ? Daily Timeframe On the daily timeframe, as you can see, the price is in a long-term downtrend. The first bearish leg started from the $0.1907 high and moved down to the $0.0505 level. After this move, the price formed a consolidation box between $0.0505 and $0.0813. Once $0.0505 was broken, the price dropped further to the key support at $0.0369. ⚡️ As highlighted on the chart, there is a critical demand zone near the $0.0369 level. If the price breaks below this zone, it could register a new all-time low (ATL), which could put serious pressure on the project’s outlook. ? As observed, market volume within the consolidation box was decreasing. However, after the breakout, volume increased. Now that the price is ranging again, volume is dropping once more. If RSI enters the oversold zone and breaks below the 30 level, the likelihood of breaking $0.0369 significantly increases, which could trigger a strong downward momentum, leading the price toward new lower targets. ? On the bullish side, if the $0.0369 support holds and pushes the price upward, the first long trigger we can consider is $0.0505. We can also confirm bullish momentum from RSI if it breaks above 54.14. ⏳ 4-Hour Timeframe Now, let’s examine the 4-hour timeframe for a more detailed view of price action. As you can see, the price has formed a ranging box between $0.0369 and $0.0499. ? At one point, the price attempted to break above this range, even forming a higher high and higher low, but failed. After a fake breakout, a double top pattern was confirmed, and when the neckline broke, the price moved downward, reaching the $0.0369 zone once again. ✅ This $0.0369 level remains crucial, as it could keep the price in the current range or push it upward once again. ? However, as seen on the chart, green candles have significantly lower volume than red candles, indicating that bears still dominate the market. The possibility of breaking below this support remains high. ? For short positions, the break of $0.0369 would be a strong confirmation. However, keep in mind that below this level lies a strong demand zone, meaning that a reversal could happen at any time. It’s crucial to manage risk carefully when entering shorts. ? For long positions, assuming the previous bullish move was a fake breakout, a break above $0.0419 would be a reasonable entry. However, a more secure long trigger would be at $0.0456. https://www.tradingview.com/x/q4fHjsYQ/ ? Final Thoughts 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! ❤️
Price just bounced of 0.618 Fib level, also a strong support at 2.2 area. if the 3.0 resistance is broken. I'm looking to buy till 3.65 which is Fib level extension of 1.618. market is bullish an d this also fits Elliot wave theory (wave 5). Overall this pair is acting very nice so far. Trade with responsibility
The stock displays a bullish flag pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session shows a break out of the flag and price closed +2.45% above it. Initial resistance lies around 39.50 which is the formation of double top pattern from where short term rejection can be seen. However, a decisive break above the resistance level will confirm the continuation of the bullish trend and flag projection lies around 43-44.
? The GBPAUD has been in a strong bullish trend, rallying to trade at a premium. ? In this video, we analyze the trend, market structure, and price action, while exploring a strategy focused on a retracement into 50% of the previous day's range. ?️ I also share a detailed trade idea, including potential entry points, stop-loss levels, and target zones. ? Please note: this is not financial advice. #ForexTrading #GBPAUD #TeschnicalAnalysis #ScalpingStrategies #TradingIdeas"
Quick update for ⚠️Gold: Gold is currently forming a descending triangle pattern on an hourly chart, with a horizontal neckline between 2896 and 2888. If the price breaks and closes below this level on an hourly timeframe, it would indicate a strong bearish signal for the day. A further decline in the price is likely to occur, potentially reaching 2870.
It is one of the altcoins that does not have a clean chart but has a defined range for Sell and Buy. The larger pattern on the chart appears to be a Diametric, and the price now seems to have entered wave F of this pattern. In the red-circled area, we are looking for sell/short setups, while in the green zone, we are looking for buy/long positions. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
If we check the daily 200MA (red momentum ) and we calculate the double top target, they give us 80 - 82k for bitcoin as the strong support. but we still need to close weekly candle above 92k
A contrarian take—altcoin season could still be on track, and the script hasn’t been broken. ? Left chart: Before the past 2 altcoin seasons, the market touched the trendline (light blue) and consolidated at the lows. ? Right chart: Over the past two days, BINANCE:BTCUSDT saw a sharp drop, yet altcoins ( CRYPTOCAP:OTHERS.D ) gained against BTC for two consecutive days, showing a decoupling from BTC’s price action. One key characteristic of altcoin season is when altcoins rally with CRYPTOCAP:BTC but don’t drop when BTC falls. What do you think? Leave a comment! ? Read my signature & publications for more info you don’t want to miss. ? for more future "guesses" like this!