FiboTech

FiboTech Updated 

Hello my dear friends The range of the flag limit has been maintained and the movement trend has not been lower than $0.1766, the positive divergence of the RSI has been issued in the four-hour time frame. If the current trend is above the range of $0.2183, we expect a reaction and the formation of an increasing trend to a higher area in the return of the price...

FiboTech Updated 

Hello my dear friends Here in the market, we expect the dollar to weaken. The Bank of Canada interest rate will be announced tomorrow. Currently, if the previous price floor ($0.749) is maintained and the current trend is above the price range of $0.7547, the possibility of an upward trend similar to the drawn scenario is strengthened. Be sure to keep in mind...

FiboTech Updated 

Hello Dear friends In price corrections, our limits have been maintained and therefore we do not have the mentality to form a downward trend at the moment. As long as the range of $0.4483 is maintained, there is a high possibility of forming an upward trend similar to the drawn scenario. We would be happy to hear your comments

FiboTech Updated 

Currently, we do not have a signal to continue the downward trend, on the contrary, the lower ranges have been maintained and provided that the corrective trend does not fall below the price range of $3.92. There is a high probability that the increasing trend will continue up to the specified area. For us, the best point to enter the trade is the yellow zone...

FiboTech Updated 

Hello my dear friends The price range of $0.9953 is very important for us. In this range, important orders have been set, and to continue the downward trend, these orders must be consumed completely. Currently, we have a positive RSI divergence in the four-hour chart, and the possibility of forming and completing a double bottom pattern at the end of the...

FiboTech Updated 

Hello my dear friends Keep in mind that the main trend of the market is downward in our opinion! But currently, according to the positive divergence of RSI and the formed pattern, if the current trend is higher than the price range of $7.23. And on the condition of maintaining the range of $6.79, the possibility of forming an upward trend up to the specified...

FiboTech Updated 

Hello dear friends The price is currently within a 20-year range, from this range, a reaction can be expected. According to the descending wedge pattern at the end of the downward trend and the positive divergence of the RSI , if the $1.00133 range is completely consumed in the current trend, there is a high possibility of forming an upward trend similar to the...

FiboTech Updated 

Hello my dear friends According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range. Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend. We would be happy to hear your comments

FiboTech Updated 

Hello my dear friends In the weekly chart, a pattern with an upward target has been formed for us. Positive divergence of RSI in the daily chart!!! The price broke out of the daily compression from the bottom side, according to the analysis (: The downward trend should continue until the price range of $18606. As long as the price range of $16,240 is maintained,...

FiboTech Updated 

Hello my dear friends Four-hour chart: the probability of completion of the head and shoulders pattern at the end of the downtrend Provided that the end of the upward trend and the price range of $12.99 is maintained, there is a possibility of forming an increasing trend up to the specified ranges. If the current trend is above the price range of $15.77, there is...

FiboTech

Do you think the downward trend line of RSI will break upwards in the weekly chart? Or will it initially issue a positive divergence and then break? It seems that the price ranges of $1,200 and $1,367 are important areas. What do you think?

FiboTech Updated 

Hello Dear friends Currently, we do not expect to form an upward trend. On the other hand, in order to have a stronger downward trend, orders should be taken from the main area. As a result, if the price range of $9.97 is lost, the yellow range ($12.9) becomes valid for us, and from this range we can expect the formation of a downward trend until the yellow area...

FiboTech Updated 

Hello my dear friends This area that the price movement has reached now is from the last twenty years. Currently, a type of intensive movement has been created for us in the daily chart, which is likely to exit either from the upper or lower side. In the four-hour time frame, the positive divergence of the RSA has been issued, as a result, the probability that...

FiboTech Updated 

Hello my dear friends If the price range of $1,699.14 is completely consumed and the downward trend of the price is not below the range of $1,596, the possibility of continuing the upward trend to higher ranges is very high. A decline to the yellow zone ($1616) is likely to form. It is better not to rush to enter into the transaction. We would be happy to hear...

FiboTech Updated 

Hello my dear friends In the lower time frames, we do not have a signal to continue the upward trend, on the other hand, we have the negative divergence of the RSI. We have reached an important range, there is even a possibility of consuming all the orders in this range. But the probability of entering the $1.62 zone!?!?! I do not think .... If the current trend...

FiboTech Updated 

Hello my dear friends Previously, we had a shopping analysis together and according to the analysis, we also ate Target (; As soon as we reach the target range, we updated an analysis on the previous analysis, which we expect to form a corrective trend. Our correction process is not yet complete. If the range of $0.8891 is completely consumed, we expect a...

FiboTech Updated 

Hello Dear friends The price range of $10.6 has nicely maintained the trend. If the upward channel is maintained and the trend does not fall below the price range of $10.23, the possibility of forming an upward trend up to the price range of $12.1 is not out of mind. Currently, a bearish wedge has formed in the 30-minute time frame. If the upward trend is above...

FiboTech Updated 

Hello my dear friends In your opinion, how valid is the drawn pattern?!?!? We will not have the mindset to form a bearish trend until the corrective trend is below the $22,671.97 price range. Don't forget the marked white and yellow ranges ($24,319 & $24,626) are valid after the $22,671.97 price range is fully consumed! We would be happy to hear your comments.