Swing low to swing high - resistance. Generally fib retracement from low to last high will give you the 0.382 which is generally a level of resistance. Clearly highlighted here with BNBUSDT. 1st level.. and next
In this idea, I'm going to share my own short-term trading plan on Ethereum . So this one is not an analysis it is an action plan with calculations. As you can see on the chart (1H time-frame), ETH has reached a PRZ (Potential Reversal Zone) around $1310. This is the high of the last bullish wave on our ascending trend (you can see the yellow trend-line to...
No trade for me today. It seems that price is stuck between Buyside liquidity and Sellside liquidity. Innitially I knew price will retrace to 50% on fib but not right away, it took a while. Now we know it's there and I would expect to start to go down today and make way to 164.400 or even 164.000 but to me is 50/50 = no trades. Please let me know your thoughts.
Note: In the chart above I have provided a clear distinction between what I would consider to be CONFIRMED CHANNELS that have been held for a considerable amount of time. Points: 1. With todays trading day on 12/13 we moved back into oversupply territory where price action failed to hold. 2. Oversupply move confirms a rejection of the 200 EMA Line. 3. Key Level...
Harmonic is not really nice due to the lack off symmetry . Just hit the naked point of control @ 17.28, with a nice reaction for a scalp. The level 17.55 looks decent with a daily. also it is the lowest point of the former range from juni till november this year. Let's see if it plays out.
The Graph presents DXY/GOLD = Inverse price of gold. Given Fibonacci levels have acted as great resistance/support lines, therefore might predict the next bull-run for gold. DXY/Gold is retesting its 2.414 Fibonacci resistance to break down; which is a bullish signal for gold. Fundamentally (refer to main graph) - Gold is a great inflation hedge - Currently...
FTX's FTT token versus US Dollar - ascending Log Channel analysis with fib channels used for resistance and support.
Hello everyone, let's look at the 1D MATIC to USDT chart. As you can see, the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.9158 T2 = $0.9619 T3 = $1.0112 T4 = $1.0759 and T5 = $1.1616 Now let's move on to the stop loss in case the market goes down further: SL1 =...
Splitit has fallen beyond 90% from all time highs. In respect to fibbonacci re-tracement and extension going downwards, I'm hoping to add more positions at 15c and 9c.
could go either way depending on market sentiment next week, although price action leans very bearish... especially with elon selling.
Strong downwards move after US CPI came out - which looks good and people are now expecting FED to pivot into more dovish stance. But is that really going to happen in short term? We had a very nasty downfall in crypto markets yesterday with the whole FTX fiasco and the fear in markets is expected after that. Plus Solana unlocking 5M worth of SOL which was...
For the past year, The markets have been on the slide, as you've noticed. From the fib extension POV, here is how the last year has broken down, why it rallied to where to did, then reversed to only go down further. This chart suggests that the full fib extension has played out and should put in a decent bear market rally. Given the time of year it is, one might...
The AUDCAD price is in Daily Resistance Level and 61.80% FIB LEVEL🧐 The key level is broken 🔥 so, i predict a bearish move 📉 TARGET: 0.86440🎯 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
BTC Speedfan, similar concept just like the speedfan from 2020 --- now 2 years later Also note the range from Dec 2017 to Oct 2022, closing in on 1800 days (just pointing out how many days have past)
The chart is self explanatory. I don't like explaining what is in the charts! But if you have any doubts or questions, these I do like explaining and answering.
On weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell...
This could sadly get interesting, hope it just blasts the top level and continues up tbh, but a setup like that it did just before the current new high is a bit fragile, so lets see The fibs are nothing special btw, its mostly just aligned levels