Get started

886 Fibonacci Retracement

GME: Continues To Hold the Bullish 0.886 Position and 200-SMAThis is a little bit of an update and reminder that GME is still holding above the 0.886 retrace and the 200-month Simple Moving Average with Hidden Bullish Divergence within a Falling Wedge. We've held this level for months and it still appears that it can Bullishly Breakout of the wedge at any time, which should lead to some extreme upside between $60, all the way up to 134.77. But given how long it's been I'd say on a shorter term timeframe basis, just to be safe, $25 would be the first profit taking target. It is also worth noting that on the monthly GME confirmed a Bullish Morning Star after the test of the 200-Month Moving Average.
NYSE:GMELong
by RizeSenpai
1
XLMUSD: Sitting Just Below The All-Time 0.886 RetraceXLM is trading just below the all-time Linear-Scale 0.886 Fibonacci Retrace after Bullishly breaking out of a Falling Wedge in what seems to be a part of a much bigger Cup with Handle pattern that can be seen in the Log Scale chart. If the Full Logarithmic Target is reached we will see XLM make a move towards $23.35 in the near future which aligns with both the measured move of the Cup with Handle and the 1.618-1.902 Fibonacci Extension Zone.
COINBASE:XLMUSDLong
by RizeSenpai
2
ETHUSD: Building Up to a Minimum 66% DeclineEthereum, after having been denied at the local ABCD PCZ, has begun to set itself up to continue its macro move down. All it has to do is break below the $1800 level, and that would be a breakdown of the ascending channel and the weekly 55EMA and 89EMAs. The PPO has already broken below trend and confirmed a lower high and is now working on breaking below the 0 line. The expected target would be the 0.886 retrace, but given the log setups that I've posted in the past, it could go much lower as those log setups are still valid.
INDEX:ETHUSDShort
by RizeSenpai
Carnival Cruise Line: Bump and Run Reversal BottomCCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up at $59.65. I personally am trading this via the 2025 LEAPs at the strike price of 10 dollars though i may also get other long dated calls at different strikes later on.
NYSE:CCLLong
by RizeSenpai
3
AUDUSD a turn at the 0.886 Fibonacci 🦐The price is creating a series of higher highs and higher lows is to consider buying on pullbacks to key levels of support. Specifically, if the price is showing a strong uptrend by creating higher highs and higher lows, traders may look to buy when the price pulls back to an area of previous resistance that has now been flipped to support. In this scenario is to consider buying after the market tests the 0.886 Fibonacci level and creates a new high. The 0.886 Fibonacci level is a key level of resistance and if the market is able to turn at this level, it can be seen as a strong bullish signal. Traders may look for confirmation of a new uptrend by watching for a bullish candle or price pattern to form after the test of this level. A good strategy in this scenario would be to wait for a retracement before considering a continuation of the uptrend. After the market tests the 0.886 Fibonacci level and creates a new high, traders may look for a pullback or retracement in the market before entering a trade. This will give traders an opportunity to enter the market at a better price and also provide a better risk-reward ratio. Traders can use Fibonacci retracement levels such as the 0.382 or 0.50 to identify potential levels of support where the market may retrace to.
by InkyGrip
2
KOKUSDT: Bullish Bat with 3 Bullish TargetsWe have a small amount of Bullish Divergence here after Breaking Out of Falling Wedge at the PCZ of a Bullish Bat on the 4 Hour Timeframe. I will take profit at each of the levels depending on how price looks upon hitting each target though i may just hold it all until target 2. I feel a bit more confident about taking this trade due to the action we currently have on the TOTAL 3 Marketcap which seems to suggest that Lowcap Altcoins will be seeing nice markups. The TOTAL 3 Marketcap Price setup can be seen in the Related Ideas Tab below.
KLong
by RizeSenpai
NZDUSD H4 BAT PATTERNHi traders, NZDUSD is setting up for a downside move i am expecting from price to come around our mentioned bat pattern completion and also a third touch of trendline area, watch price action on the top and look for a short position opportunity if price drop from the current area and break 0.55126 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your acourding strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
2