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Fibonacci

TradeCityPro | C98USDT Weekly Candle Engulfing👋 Welcome to TradeCityPro Channel! C98USDT Weekly Candle Engulfing - Downtrend or Continuation? Let’s dive into a scenario where the market is printing red candles, most traders are lost, and FOMO is rampant. Today, we’ll analyze an altcoin for you, and before that, I recommend checking out the money management guide: 🌐 Overview Bitcoin As usual, let’s start by reviewing Bitcoin. On the 1-hour timeframe, BTC was rejected from the 102,135 resistance level and experienced a 10% drop, significantly increasing the 24-hour liquidation volume. This drop also caused Bitcoin dominance to range, leading to a heavier correction in altcoins compared to BTC. If BTC had surged, altcoin losses could have been even deeper. View BTC Chart 📊 Weekly Timeframe C98 is still within its weekly range, oscillating between 0.1056 and 0.4368 for almost two years. While the range percentage is substantial, it doesn’t change its range-bound nature. If you’ve already invested in this coin, you’ve likely experienced frustration as it remains stuck in this box. Two years of idle capital in a high-risk crypto market can be exhausting. Suggestion: Exit your position if it breaks below 0.1056. Currently, the weekly red candle has four days left to close, but it’s sitting on solid support. However, the last two red engulfing candles suggest a potential continuation of the downtrend. If 0.1451 support breaks, the price may drop to 0.1056. Buying Advice: Avoid buying right now. It’s like catching a falling knife—wait for it to hit the ground first. After breaking the 0.1933 resistance, buying could be more reasonable. 📈 Daily Timeframe On the daily timeframe, C98 was rejected from the 0.1902 resistance, which highlights its importance. A break above this level could present buying opportunities. More importantly, let’s focus on the 0.1533 support level, which: Previously served as the top of the daily range , Now acts as a crucial support, forming the 0.618 Fibonacci level. If the market opts for a deeper correction, breaking 0.1533 could lead to a continuation down to 0.786 Fibonacci support at ~0.1272. Personally, I’d prefer if this price level holds because a deeper correction might delay the next bull run and keep us in this range for an extended period. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
10
BTCUSDT - CRYPTO | 4H | DOWNHey guys, Yesterday, there was a lot of manipulation in BINANCE:BTCUSDT , causing many people to take losses due to the actions of market movers. However, I’m hopeful about the day Trump takes the presidential seat. Please, don’t panic right now—those who act out of panic tend to experience consistent losses. I’ve marked the key points on the chart. If you’d like to see more of these analyses, don’t forget to hit the like button. Much love and respect to all of you, my dear followers! 🙌📊✨
Short
by TraderTilki
4
BTCUSDT 100K$ is strong resistance zone and will dump price nowPrice is currently near major daily resistance zone of 98K$ to 100K$ and also 0.5 Fibonacci retracement level is at 100K$. Soon we are lookin for next phase dump and it would start as soon as possible and this time both supports which are 93K$ and 90K$ will break and price will see massive correction to the downside and the next phase pump may start from 80K$ or 73K$. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
86
GBP/NZD: Bullish Setup After Correction to the Golden ZoneWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
2
Gold Navigating Between Dollar Strength and Geopolitical UncertaGold has advanced in recent sessions, reaching $2,660 per ounce, despite the strong headwinds posed by a robust U.S. dollar and the rise in Treasury yields. Although gold experienced a temporary rebound of over 1% yesterday, pressure from the strength of the dollar and the increase in Treasury bond yields limited its ability to sustain gains. This behavior highlighted the traditional inverse correlation between gold and the dollar, as a strong dollar tends to make gold more expensive for investors holding other currencies. Recent U.S. economic data adds another layer of complexity. The increase in job openings, reflected in the JOLTS report which exceeded expectations with 8.1 million vacancies, and the acceleration in the services sector activity according to the ISM, with an index of 54.1%, demonstrate the strength of the U.S. economy. However, the surge in services sector prices, with an index of 64.4%, the highest since January, raises concerns about persistent inflation. The resilience of the U.S. labor market, while positive for the economy overall, introduces uncertainty for gold, as it reduces the likelihood of aggressive interest rate cuts by the Federal Reserve. This outlook is reinforced by the shift in Fed rate cut expectations, now postponed until nearly the second half of 2025. A higher interest rate environment traditionally puts pressure on gold, as gold does not yield returns. The delay in rate cuts by the Fed directly impacts gold's appeal as a safe-haven asset. Despite these adverse factors, gold has found some support in geopolitical uncertainty, particularly concerning potential tariff policies. Statements regarding tariffs on Canada, Mexico, China, and even BRICS countries have added a risk component to the global economic outlook. In times of political and economic uncertainty, gold re-emerges as a safe-haven asset. Additionally, the ongoing gold accumulation by the Chinese Central Bank for the second consecutive month strengthens the physical demand for the metal, providing additional price support. Market participants are eagerly awaiting the release of new U.S. employment data, including the crucial non-farm payroll report, as well as the FOMC minutes, in search of clearer signals about the future direction of monetary policy. In this context, gold finds itself at a crossroads, navigating between dollar strength, inflationary pressures, Fed policy expectations, and growing geopolitical uncertainty. This complex interaction of factors will continue to shape the precious metal’s trajectory in the near future.
PEPPERSTONE:XAUUSD
by Pepperstone
Technoprobe SpA Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Technoprobe SpA Stock Quote - Double Formation * A+ Set Up)) | Completed Survey | Subdivision 1 * 012345 | Wave Count Entry Bias | Short Set Up - Triple Formation * Pattern Confirmation | (Flag Structure) | Subdivision 2 * Numbered Retracement | Downtrend Continuation | Subdivision 3 * Daily Time Frame | Behavioural Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:TPROShort
by TradePolitics
BTC/USDT 1D chart reviewHello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in a local downtrend channel where the price bounced from the upper border of the channel and quickly started to recover. Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level: SL1 = $94285 SL2 = $92209 SL3 = $89,541 SL4 = $85,924 Let's now move on to defining the goals for the near future that the price must face: T1 = $97131 T2 = $100036 T3 = $103179 T4 = $105491 Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
by cryptodailyuk
Moustafa!! Be ready for a big bearish wave will hit US100 soon! * The used times frames are the monthly, weekly and the daily.. on the chart at this idea, is shown the daily frame! * The purple daily uptrend line which was not broken since 05.08.24 if you remember what happened at the carry trade and Japan interest rates of that time, was broken at 18.12.24 and then pullback then the index pushed down again then on 03.01.25, another pullback happened and it could go to max 21635 but I believe will be pretty hard that one daily candle can close above that price 21635 * A descending bearish triangle already formed and the main idea, that the index will face huge resistance which will push the price down to breakthrough the triangle to send the index further down to the TP1 regardless any bullish short term retraces to the upside, but 20230 will be my TP currently! * I believe that the main target is even further down when the index touches by the daily candle the green uptrend line which is strong as a steel and was not broken since 06.01.2023 and the last time the index touched that line was at 05.08.2024 which caused a huge insane push to the upside. * My Fib retracements levels are powerful and closure of the daily candle of 02.01.2024 is a huge indication that the index would go further down even if a pullback to the upside happened on the 3rd of January (last Friday session) ****** Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
FX:NAS100Short
by moustafa_marei
14
GOLD → The calm before the storm. What to expect?FX:XAUUSD is consolidating above 2645 and trying to test the strong resistance of 2664. Downside risks are quite high and it may happen after liquidity capture. Gold has high risks due to yesterday's favorable data in the US. Hawkish expectations for the Fed, strong economic data put the dollar back on the northbound train. Markets priced in a 35% chance of a Fed interest rate cut this month. Trump takes office on Jan. 20 and his proposed tariffs and protectionist policies are seen as inflationary, requiring higher interest rates and a stronger U.S. dollar. If risk aversion intensifies amid renewed geopolitical tensions in the Middle East or Trump's tariff threats, that could send gold higher A symmetrical triangle is forming on D1, which confuses everyone - where will the price go? And all because the technical situation is neutral. Resistance levels: 2664, 2674 Support levels: 2645, 2632. False breakdown of resistance can provoke a fall to the strong support, the border of the triangle. Gold is growing reluctantly and slowly, as if something is in the way, and the risks and pressure are increasing. BUT! If the price goes to 2664, it is important to watch the price reaction to this level: consolidation above the level may provoke further growth to 2674. Similarly with the support of 2645 Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
SOL - 1D Elliott Wave AnalysisSol seems to have finished blue Wave 4 and started working on blue Wave 5 which would probably mark the bull market top. In case blue Wave 4 isn't finished and we drop lower we need to reconsider the count but we added a potential support area sitting between 173.58 USD and 122.14 USD. Assuming blue Wave 5 started we are looking for a five wave move up now market as white. Next targets for this move up would be the 1.618 FIB at 265.73 USD which we barely missed in November when we made a new ATH. Further targets are the 2 FIB at 300.16 USD, the 2.382 FIB at 334.59 USD and the 2.618 FIB at 355.85 USD. After we get more clarity on the shorter timeframe we can calculate further targets. We wouldn't be surprised if we overshoot the mentioned targets and get some extensions as Solana is quite hyped and plenty memecoins are launched on the Solana network which could lead to a stronger surge in the price of Solana during the end stages of the bull market. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
7
NQ Power Range Report with FIB Ext - 1/8/2025 SessionCME_MINI:NQH2025 - PR High: 21395.75 - PR Low: 21344.50 - NZ Spread: 114.5 Key scheduled economic events: 08:15 | ADP Nonfarm Employment Change 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction 14:00 | FOMC Meeting Minutes Rotation short off 21900 inventory - Holding auction at previous session close - Back below daily Keltner average cloud Session Open Stats (As of 12:25 AM 1/8) - Weekend Gap: N/A - Gap 10/30/23 +0.47% - Session Open ATR: 382.42 - Volume: 26K - Open Int: 240K - Trend Grade: Bull - From BA ATH: -4.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025Long
by mv3trader5