BTCUSD - Daily Simple Trading: Slanted Inverted Head and Shoulders pattern.
Analyzing Bitcoin, we can clearly see a downtrend that has reached the top of its trend zone. At this point, two scenarios are possible: either a breakout of the downtrend, signaling a return to the macro bullish trend, or a continuation of the downward movement, resulting in a false breakout.
Cryptocurrencysignals
BITCOIN Inverse H&S in full motion. Next stop = $100k.We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered:
In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up:
The previous two IH&S bottom formations delivered a rise of around +95%. With the 1D MACD on the same Bullish Cross that was present on both of those bottoms, we are expecting the $100000 psychological target to be reached after July, which will even be a rise below +90%.
What is your take on this? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
CHZ/USDT Secondary trend. Wedge in the channel. Breakout. 15 11 Logarithm. Secondary trend (part). A descending wedge (bullish shape) was formed in the descending channel. It is linear on purpose to remove "market noise". There is a breakthrough of its resistance. There is a high probability that the targets will be reached. The coin on the super profit funds, remember this working with it observing the banal risk management.
The price has reached the local dynamic resistance of the internal descending channel. Perhaps there will be consolidation in this zone, then the continuation of the trend development with a high probability.
🐳 From FTX/Alameda wallet sent CHZ 37,735,856 ($2,890,000) to exchanges. The amount is not big at the moment, but still, to sell to large market participants you need to make "general hype", and liquidity. Sending CHZ by alameda as an example.
🐳🗣🐏Already started to publish on some crypto coins positive news accompanying the price. This coin will not be an exception, but they will come up with (positivity, usefulness, cooperation and so on, any flight of fancy...) at high pumping percentages.
Major trend .
CHZ/USD Main trend. Pivot Zones. Published 3 03 2023
15 11 2023
Potential bullish rise?Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 64,518.28
1st Support: 63,145.82
1st Resistance: 66,831.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could BTC/USD bounce from here?Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 63,451.23
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 61,331.39
Why we like it:
There is a pullback support level.
Take profit: 66,687.21
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off 38.2% Fibonacci support?SOL/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 155.02
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 149.20
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 174.62
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards pullback support, could it bounce from here?ETH/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 2,865.45
Why we like it:
There is a pullback support level.
Stop loss: 2,814.40
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci projection.
Take profit: 3,036.53
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023Logarithm. Time frame 1 week.
Cryptocurrency in coinmarketcap: Energy Web Token.
Of the liquid exchanges, it is traded on KuCoin, Kraken (USA), Gate.io.
Downward channel. At the zone of its meridian a descending wedge has formed in the secondary trend. The percentages to the key zones of support/resistance levels are shown on the chart. It is more rational to work from the average buy/sell price, as we are already in the first capitulation zone.
Decline from the low (liquidity) -93%.
We are in the first so-called capitulation zone.
This is not the maximum value for altcoins of such liquidity.
The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward volatility channel and understanding of market cycles and chart logic, i.e. price movement.
Also shown on the chart are conventionally maximum averaged (from the average price) potential market phase targets (not "one-step" pump/dump due to low liquidity at good times, but specifically trends):
1) "participation" (bullish trend development towards the reset zone, i.e. distribution).
2) distribution. .
Capitalization is low. There is no HYIP (the project and the meaning is different), it is not a one-step profit from nothing. Suitable for investment if you understand "who and for what", will or will not be able to realize the intended (not speculation, because it is easier to simply under the "hamster time" given the liquidity) is another matter.
Fundamental basis . That is, what it is and what it is for.
This is a so-called real project. It is not created for cryptocurrency hype and speculation (money from nothing). Until everything is ready, then the price does not matter. In the project previously invested a large capital not speculative, but more far-sighted direction, which is interested exactly in the development of the project's intent in the field of energy and control in the United States in the first place, and not in speculation.
The Energy Web Token (EWT) is the operating token underlying the Energy Web Chain, a blockchain-based virtual machine designed to support and further develop applications for the energy sector. In times of blackout, it will be relevant.
The Energy Web Token is a joint project between Rocky Mountain Institute (RMI) and Grid Singularity (GSy).
Rocky Mountain Institute (RMI) is a leader in research and development in the energy sector. As a renowned think tank, RMI has been involved in many groundbreaking projects in the energy sector. By creating the Energy Web Chain, RMI wanted to harness the decentralized power of blockchain technology to enable participants in the energy sector to develop new decentralized solutions.
Grid Singularity ( GSy ) brought blockchain expertise to the project. As a blockchain developer, GSy was the driving force behind the creation of the Energy Web Chain. Together with renowned experts, key Ethereum blockchain developers, experienced energy executives and energy regulators, GSy was an integral part of the EWT launch.
Given that the Energy Web Chain network is designed for enterprise use , it supports state-of-the-art scalability and data privacy. The Foundation also recently released a comprehensive technology solution called the Energy Web Decentralized Operating System (EW-DOS). This allows users to monitor and manage their electrical systems online.
Line chart to visualize this downward channel and the logic of the wedges in it.
Secondary trend. Downward wedge zone. Time frame 3 days.
EWT/USDT Secondary trend. Downward wedge zone. 4 11 2023Logarithm. Downward wedge zone. Time frame 3 days.
A descending wedge is forming in the descending channel (the main trend). Almost in the final phase of its formation.
Decrease from the price minimum in the main trend -93%.
We are in the first zone of so-called capitulation.
This is not the maximum value for altcoins of such liquidity.
The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward channel (main trend) of volatility.
Cryptocurrency in coinmarketcap: Energy Web Token.
From liquid exchanges traded on KuCoin, Kraken (USA), Gate.io.
Repeatability of fractal wedge logic (secondary trend) in the downward channel (primary trend).
Local resistance zones in the realization of the figure's goals after breaking through the resistance of the wedge (breaking the downward trend of price movement). Fractal projection on identical zones now.
Main trend (to understand the given zone of the wedge in it).
EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023
BITCOIN Is 150k by August realistic?Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections.
The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it started its most aggressive rally.
As you can see, BTC rebounded on the EMA Ribbon, after making a new All Time High (ATH) while also recovering the Mayer Multiple SD1 from above (grey trend-line). When those parameters got met in the past, Bitcoin always touched at least the MMB SD2 from above (orange trend-line).
Based on that, the next Target on this run is $150000. Do you think that would be realistic as early as the end of August? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Falling towards pullback support, could it bounce from here?Ethereum (ETH/USD) is falling towards a support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 2,982.64
Why we like it:
There is a pullback support level.
Stop loss: 2,865.45
Why we like it:
Thee is a pullback support level.
Take profit: 3,129.78
Why we like it:
There is an overlap resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 61.8% Fibonacci resistance?Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse from this level to the 1st support.
Pivot: 3,082.23
1st Support: 2,963.76
1st Resistance: 3,181.69
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
LTC/USD is rising towards 127.2% Fibonacci extension?Price is rising towards a resistance level which is a pullback resistance level that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 83.05
Why do we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 85.05
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Take profit: 79.29
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 50% Fibonacci resistance?XRP/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 0.5239
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.5396
Why we like it:
There is a pullback resistance level.
Take profit: 0.5062
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could price reverse from here?BTC/USD is rising towards a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit.
Entry: 66,918.86
Why we like it:
There is an overlap resistance level which aligns with the 127.2% Fibonacci extension.
Stop loss: 68,692.48
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension.
Take profit: 65,165.99
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UMA token completed a setup for upto 16.50% pumpHi dear members, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Previously we caught 33% pump of UMA as below:
Now on a 2-hr time frame, UMA has formed a bullish AB=CD move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Could ETH/USD potentially rise from here?Price has just bounced off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 2858.89
Why we like it:
There is a pullback support level.
Stop loss: 2728.02
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci projection.
Take profit: 2992.94
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOL/USD potential bullish bounce off overlap support?Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit.
Entry: 138.77
Why we like it:
There is an overlap support level.
Stop loss: 128.26
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 153.98
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 2,863.34
1st Support: 2,744.38
1st Resistance: 3,048.22
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could Dogecoin bounce from here?Price is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.1446
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.1362
Why we like it:
There is a pullback support level.
Take profit: 0.1545
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards 61.8% Fibonacci support, could it bounce?SHB/USD is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.2259
Why we like it :
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.2153
Why we like it:
There is a pullback support level.
Take profit: 0.2429
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?XRP/USD has just bounced off the support level which is a pullback support and could potentially rise to our take profit.
Entry: 0.4835
Why we like it:
There is a pullback support level.
Stop loss: 0.4626
Why we like it:
There is a pullback support level.
Take profit: 0.5239
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.