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Gold Trading Between Key Support and ResistanceGold is currently trading around $2,671, positioned between a critical support zone and a resistance level. The market shows signs of consolidation, with a slight downward move likely to occur. The support zone near $2,664 remains a crucial level for buyers. Recent price action suggests strong interest from bulls at this level, preventing further declines. However, if this support fails, the price could drop, potentially testing the $2,662 area. Consider looking for buying opportunities from this support zone. On the other hand, the resistance near $2,685 has proven to be a formidable barrier. Any attempt to break above this level will require significant momentum. A breakout beyond this resistance could lead to a rally toward the psychological level of $2,700, signaling renewed bullish strength.
OANDA:XAUUSDLong
by Samantha_Morrow
1
INFY BREAKOUT ON Daily TF and Weekly TFInfosys (INFY) has been in a prolonged phase of consolidation, repeatedly testing a well-established resistance level over time. Despite multiple attempts, the stock consistently retracted from this level without delivering a decisive breakout. However, INFY has now closed convincingly above this resistance on both the Daily and Weekly time frames. This breakout suggests a strong potential for an imminent upside, supported by technical confirmation. This setup presents a favorable risk-reward trade opportunity, with minimal risk due to the narrow stop-loss range. For investors with a long-term perspective, INFY also offers the possibility of substantial gains, even without relying on a stop-loss strategy. The breakout marks a critical juncture, highlighting its potential for sustained bullish momentum.
NSE:INFYLong
by AlphaTradesTM
BICO/USDT Looks Ready to Pump – Targets Up to $3.50BICO/USDT Looks Ready to Pump – Targets Up to $3.50 🚀 OMXSTO:BICO is showing strong momentum with good volume recently. If it holds the $0.2860 support level, we might see a big upward move. ▪️ Entry Zone: I am looking to accumulate between $0.32 and $0.29. ▪️ Targets: $0.66/$1.00/$1.83/$2.50/$3.50 ▪️ Stop Loss: To manage risk, the stop loss is set at $0.2540. Note: Watch the support level and volume closely for confirmation of the bullish trend. Not financial advice so DYOR.
Long
by CryptoPatel
BTCUSDT Analysis: Bullish Momentum and Key Support ZonesBTCUSDT is currently trading around 75,740 USDT after a recent bullish push, suggesting strong upward momentum. The chart shows clear support zones (highlighted in purple) that Bitcoin could revisit in case of a pullback, specifically around 74,000 USDT and 72,500 USDT. If BTC holds above these support levels, it could gain further traction to reach new highs, with targets in the 78,000 USDT - 80,000 USDT range. The current trend suggests that if Bitcoin retraces and tests the support, it could present a buying opportunity for traders looking to join the next potential leg up. Keep an eye on these critical levels, as a break below the 72,500 USDT support might indicate a shift in trend. However, for now, the bullish scenario remains intact, with promising upside potential if buyers continue to dominate.
by Sanhara
BTCUSDT: Long-Term Upside Despite Short-Term Dip ?BTCUSDT Holds Steady in a Downtrend – But Long-Term Growth Still in Sight BTCUSDT is currently trading around 68,045 USDT, continuing its downward trend. However, in the bigger picture, the coin remains within an ascending channel, hinting at the potential for future gains. From a technical perspective, I’m watching closely for a buying opportunity as the price approaches the lower boundary of this parallel channel. What about you? Do you see the same potential setup?
Long
by Sanhara
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel. Brief Analysis: Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel. Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level. Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend. Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement. Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge. Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
by Suyouu
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it. Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support. Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area. Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support. This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
BITSTAMP:BTCUSD
by Suyouu
Sell Strategy for BTCUSDT Based on the Provided ChartKey Resistance Zone: The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling. Confluence Zone: There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it aligns with various technical factors. The price is likely to retest this zone before continuing the downward trend. A rejection candle (such as a pin bar or bearish engulfing pattern) in this area would be a strong confirmation to enter a sell trade. Entry Strategy: Wait for the price to return to the confluence zone (highlighted by the red arrow and circle on the chart). Once the price reaches this area, enter a sell position when there is a clear rejection signal, such as a bearish candle formation indicating price reversal. Take Profit Target: The ideal take profit zone is around 57,876 - 57,898 USDT, which is marked as a strong support area on the chart. If the downward momentum continues, this is a likely target for the price to hit. Stop Loss Placement: Place your stop loss above the resistance area, around 63,679 USDT. This will protect your position in case the price breaks above the resistance and shifts towards an upward trend. Summary of the Strategy: Entry: Around 61,776 - 61,929 USDT, upon observing a bearish price rejection. Take Profit: Target 57,876 - 57,898 USDT. Stop Loss: Set above 63,679 USDT to minimize risk. This strategy is based on the confluence of key technical levels, resistance, and support areas shown on the 4-hour chart. It focuses on waiting for a clear rejection signal before entering a sell trade.
Short
by Suyouu
BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met. Detailed Trading Plan: Current Market Condition: The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control. Trade Setup: Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal. Target Levels: The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction. Stop Loss: Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
Short
by Suyouu
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy: Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity. Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000. Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone. Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel. If the price breaks below the $53,800 support level, there could be further downside potential.
by Suyouu
ETHUSDT today ETH is currently trading at 2,633.61 USDT, showing a slight pullback. The chart presents a key resistance level at 2,701.53 USDT and a significant support zone around 2,574.43 USDT. Possible Scenarios: Bearish Rejection (Red Path): If ETH fails to break the resistance at 2,701.53 USDT, it could see a drop towards the support level of 2,574.43 USDT. Bullish Breakout (Blue Path): Should ETH break above 2,701.53 USDT, a further upward move could be expected, indicating a continuation of the bullish trend. Trading Strategy: Bearish: Short positions could be considered if ETH fails at resistance, targeting the 2,574.43 USDT support zone. Bullish: Long positions can be taken if ETH breaks above 2,701.53 USDT, targeting higher levels. Traders should monitor the resistance and support levels closely to catch potential market moves.
by Suyouu
BTCUSDT : The uptrend channel is still in place.BTCUSDT has experienced a decline as it approached the resistance level of 64,500 USD. However, looking at the technical picture, the uptrend remains steady, with the parallel price channel still intact and no signs of reversal from the 34 and 89 EMA. With these carefully analyzed factors, we should consider re-entering buy positions when the price hits the lower boundary of the channel. That said, this is merely a trading idea, so exercise caution. If the price breaks the channel, it’s time to shift your strategy to sell with the trend. Wishing you successful trades! And don’t forget to share your thoughts on this analysis below!
Long
by Suyouu
2
LTIMINDTREE LTDLTIMINDTREE LTD Pattern :- symmetrical triangle pattern. A breakout from the triangle has occurred, suggesting a potential strong bullish movement. Target : The chart includes two projected target levels (1st TRG and 2nd TRG), indicating potential price targets post-breakout. 1)1st Target: Around INR 7,588.80 2)2nd Target: Higher, possibly indicating a significant upward move beyond the 1st target. Entry Point: Since the breakout has already occurred, an entry near the current level (around INR 6,127.55) could be considered. However, waiting for a minor pullback to the breakout level (around INR 5,900 to INR 6,000) might offer a better risk-reward ratio. A conservative Stop-loss can be placed just below the lower boundary of the triangle, around INR 5,450. This would minimize potential losses if the breakout proves to be a false move. Market Conditions and News: Check for any news related to LTIMINDTREE LTD, such as earnings reports, management changes, or sector-specific developments. Such news can significantly impact the price and should be factored into the trading decision. Broader market trends, such as the performance of the IT sector and the overall market sentiment, should also be considered. The breakout from the triangle pattern and the increasing volume are positive signs. If the broader market remains supportive and no negative news impacts LTIMINDTREE, the stock could reach its projected targets. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
NSE:LTIMLong
by asAMOLSUTAR
Arbitrum $5 Potential in Current Bull Market?ARBITRUM (ARB/USDT) Chart Analysis: ➡️ Liquidation Sweep: ARB has recently hit a high liquidation zone, wiping out all longs that were opened near the top. Even those with lower leverage positions have been liquidated, pushing the price into a very deep dip. ➡️ Accumulation Zone: This dip presents a strong accumulation opportunity in the spot market. I'm starting to accumulate ARB between the $0.58-$0.4 range. This area is ideal for long-term investors looking to capitalize on the current market conditions. ➡️ Resistance Levels: Major Resistance 1: $0.8 Major Resistance 2: $2 Should ARB break through these two key resistance levels, we could potentially see the price rally to $5-$8. ➡️ Investment Strategy: I've initiated my buy orders, and my target is set at $5. After losing the $1.84 support, ARB has dropped by 77%, which marks an 82% decline from its all-time high (ATH). ➡️ Bull Run Expectation: In the current bull run, I am aiming for a potential 10x return on ARB. This could be a prime opportunity to position for significant gains.
Long
by CryptoPatel