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Fibonacci

TradeCityPro | FLOWUSDT New Weekly Move?👋 Welcome to TradeCityPro Channel! Let’s analyze the weekly crypto watchlist together during the final hours of the market holiday. 🌐 Overview Bitcoin Before diving into today’s altcoin analysis, let’s take a quick look at Bitcoin. In the 1-hour timeframe, Bitcoin has broken its trendline but remains below the key resistance level of 98606, which it has been rejected from twice, highlighting its significance. At the start of the new week, I anticipate a potential upward move, likely during the U.S. session. If Bitcoin breaks 98606, a long position can be opened. If Bitcoin dominance is breaking 57.08 simultaneously, long positions on Bitcoin itself are preferable. Otherwise, if dominance faces rejection or forms red candles, a quick switch to altcoins is recommended. 📊 Weekly Timeframe In the weekly timeframe, this altcoin, like most of the crypto market, is still in its range box, continuing its oscillation within this boundary. After breaking 0.674, FLOW attempted to reach the range’s upper boundary but faced rejection. Even RSI was rejected at 70, preventing FLOW from reaching the resistance at 1.460. On the positive side, during this pullback, the volume of red candles decreased, and FLOW is now at a previous resistance-turned-support level, suggesting the potential for a rebound. Keep in mind that the main support level is 0.463. If it breaks, exiting this coin would be wise. A re-entry can be considered upon a breakout above 1.460 with momentum confirmation. 📈 Daily Timeframe In the daily timeframe, after a fake breakdown below the key support level of 0.509, FLOW bounced back strongly, initiating a move toward the resistance at 1.169. If we use Fibonacci levels (ignoring fakeouts), the 0.7 level emerges as a key support. It acts as a previous resistance-turned-support and aligns with the significant 0.618 Fibonacci retracement level. The 0.7 level has been tested twice, with the price bouncing each time. If FLOW breaks 0.809, it could start a move toward 0.969 and eventually 1.169. For spot buying, wait for a breakout above 0.809, with: Risky Stop-Loss: 0.7 Conservative Stop-Loss: 0.509 For futures trading, consider a position after a breakout above 0.809. The resistance level at 0.809 is crucial, offering a solid opportunity for both spot and futures trades. 📝 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! ❤️
Long
by tradecitypro
6
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Fartcoin Analysis: Key Levels and What’s Next When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure. The 1.30 Level: Breaking Wind or Breaking Through? The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes. What Happens If 1.30 Fails? Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels. Scenarios to Watch Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations. Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses. Final Thoughts While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn. Trade safe, trade smart, trade clarity.
Short
by CryptoKnee
ADA/USDT: Potential Reversal with SMC and ICT StrategiesBINANCE:ADAUSDT ADA/USDT: Potential Reversal with SMC and ICT Strategies Analysis: The chart shows the ADA/USDT pair on a 4-hour timeframe, published on TradingView. The chart is rich with technical indicators and annotations, including price action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): Several ChoCH points are noted, suggesting potential reversals or shifts in trend. Volume Profile: The volume profile on the right shows high trading activity around the 1.0736 level, indicating strong support/resistance. ICT Elliott Wave Analysis: The chart shows a descending channel with multiple touchpoints, suggesting a corrective wave pattern. The price appears to be breaking out of the descending channel, indicating a potential bullish reversal. Indicators: RSI: The RSI is currently at 74.65, indicating overbought conditions but also suggesting strong bullish momentum. Volume Oscillator: The volume oscillator shows a recent spike in buying volume, supporting the bullish breakout. Buy Strategy: Entry: Enter a long position at 1.0736, which is a key support level and the point of breakout from the descending channel. Take Profit (TP1): Set the first take profit at 1.1194, where there is significant resistance as indicated by the volume profile. Take Profit (TP2): Set the second take profit at 1.1542, the next major resistance level. Stop Loss (SL): Place the stop loss at 1.0736 to minimize risk in case of a false breakout. Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy: If the price fails to hold above 1.0736 and breaks back into the descending channel, consider shorting with a target back to the lower boundary of the channel. This analysis combines price action, SMC, and ICT Elliott Wave strategies to provide a comprehensive trading plan for ADA/USDT.
by Alexgoldhunter
Bioarctic 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 # Bioarctic Stock Quote - Double Formation * A+ Set Up)) | Completed Survey * 187.50 SEK | Area Of Value | Subdivision 1 - Triple Formation * (Neckline) At 172.50 SEK | Subdivision 2 * Pattern Confirmation | Entry Bias | Long Position * Daily Time Frame | Entry Settings Condition | Subdivision 3 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 | Buy
CAPITALCOM:BIOABLong
by TradePolitics
TON/USDT: Bearish Channel and RSI AnalysisBYBIT:TONUSDT TON/USDT: Bearish Channel and RSI Analysis Chart Analysis Description The chart displays the price action of TON/USDT on a 4-hour timeframe from Binance. The chart includes several technical indicators and annotations such as BOS (Break of Structure), CHoCH (Change of Character), and various support and resistance levels. The RSI (Relative Strength Index) and a volume-based indicator are also present. Price Action Analysis Support and Resistance Levels: The chart shows multiple horizontal support and resistance levels marked in red and green. Key levels include 7.200, 6.625, 5.832, 5.675, 5.664, 5.479, 5.402, 5.300, 4.775, and 4.542. Trend Lines: There are descending trend lines indicating a bearish channel. Volume Profile: The volume profile on the right side shows significant trading activity around the 5.675 level. RSI: The RSI is currently around 56.61, indicating a neutral to slightly bullish momentum. Volume Indicator: The volume indicator shows a mix of green and red bars, indicating fluctuating buying and selling pressure. Smart Money Concepts (SMC) BOS (Break of Structure): Multiple BOS annotations indicate areas where the price has broken previous support or resistance levels. CHoCH (Change of Character): CHoCH annotations indicate potential reversals in the trend. ICT Elliott Wave Wave Patterns: The chart does not explicitly show Elliott Wave patterns, but the descending channel and BOS/CHoCH annotations suggest a corrective wave structure. Buy and Sell Strategies Buy Strategy Entry: Enter a long position at the current price level of 5.675, as it is a significant volume node and close to support. Take Profit 1 (TP1): 5.832 (next resistance level) Take Profit 2 (TP2): 6.625 (major resistance level) Stop Loss (SL): 5.479 (below the nearest support level) Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy Entry: Enter a short position if the price breaks below 5.479. Take Profit 1 (TP1): 5.300 (next support level) Take Profit 2 (TP2): 4.775 (major support level) Stop Loss (SL): 5.675 (above the nearest resistance level) VIP Signal Buy Signal: entry 5.675 tp1 5.832 tp2 6.625 sl 5.479 This comprehensive analysis integrates multiple trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy and sell strategies. The chart indicators, such as RSI, volume profile, and trend lines, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter
$SPY January 5, 2025AMEX:SPY January 5, 2025 My first post for the year 2025. 60 Minutes. Downtrend intact. For the fall 602.47 to 580.50 50% retracement done as there a divergence for the 2 lows 580.91 and 580.50. So, for the rise 580.0 to 592.6 on Monday holding 587.5-589 levels we can expect 595 as initial target. for the steep fall from 607 to 580 i would like some more consolidation. Technically buy will be triggered only above 610 on closing basis in daily. No trade for me on Monday. Not a good setup.
AMEX:SPY
by RiderTrader
1hr DOT chart TA by GrokAI This chart is a technical analysis of the Polkadot (DOT) price on the Binance exchange, using the Tether US (USDT) as the trading pair. Here's a breakdown of the key elements shown: Candlestick Chart: The main part of the chart shows the price movement of DOT over time. Each candlestick represents one day. The recent price action shows a significant upward movement, followed by a sharp decline. Fibonacci Retracement Levels: The horizontal lines with percentages (0.236, 0.382, etc.) are Fibonacci retracement levels. These levels are used to identify potential support and resistance levels. The price has retraced to around the 0.5 level after the recent peak. Volume: The bars at the bottom of the candlestick chart represent the trading volume. Higher volume during the price increase suggests strong buying interest, while the volume during the decline indicates selling pressure. MACD Indicator: Below the price chart, there's the Moving Average Convergence Divergence (MACD) indicator. It consists of: MACD Line (blue): The difference between the 12-day and 26-day EMA of the price. Signal Line (orange): A 9-day EMA of the MACD line. Histogram: The difference between the MACD and signal lines. The MACD crossing below the signal line can be a bearish signal, suggesting potential for further price decline. Analysis: The recent price spike followed by a sharp decline might indicate a correction after a bullish run. The price has retraced to around the 0.5 Fibonacci level, which could act as a support level if the price finds stability here. The volume increase during the price rise and subsequent fall suggests strong market reactions, both in buying and selling. The MACD indicator has turned bearish with the MACD line crossing below the signal line, which might suggest that the downward trend could continue unless there's a significant buying volume that pushes the price back up. Conclusion: Short-term Outlook: The price might test lower Fibonacci levels (0.618 or lower) if the bearish momentum continues. Watch for any bullish divergence in the MACD or a significant increase in buying volume for signs of a reversal. Long-term Outlook: If the price holds above the 0.618 Fibonacci level and there's a bullish crossover in the MACD, it could indicate a potential for another upward move. Remember, technical analysis should be combined with other forms of analysis (like fundamental analysis) for more accurate predictions. Also, market conditions can change rapidly, so it's essential to keep an eye on real-time data and news related to Polkadot or broader market trends.
Long
by jasonciviello
Sol large swing trade, bullish to 350The time is now, this is the same as when I traded AVAX with size a few months ago on the upswing. I believe SOL is about to have a massive move. Stochastic RSI has reset, BBWP is contracting. The golden momentum fib has been taken with conviction. A nice round number target is 350$. My plan: I have entered a large spot position at current prices, I will add heavy between 190-200$. My profit taking zone is simply 350, no reason to short myself. This is a high conviction swing trade.
COINBASE:SOLUSDLong
by Apollo_21mil
Inghams Group Limited | 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 # Inghams Group Limited - Double Formation * Retracement Numbered | Completed Survey * Pattern Confirmation | No trade | Subdivision 1 - Triple Formation * 3.00 AUD | Area Of Value | Subdivision 2 * Cup & Handle | Pattern Condition | Subdivision 3 * Daily Time Frame | Behavioural Settings Indication 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 | Neutral
CAPITALCOM:INGAU
by TradePolitics
GOLD → Retest of the level after its breakoutFX:XAUUSD inside the new flat is looking for strong support. The fundamental backdrop is complex and amid high risks, buyers are looking for a safe haven Fundamentally, the situation is complex, the weakening of gold is influenced only by the hawkish stance of the Fed and the growth of the dollar. But the pressure for further growth is exerted by many other factors: the escalation of the conflict in the Middle East and Eastern Europe. Trump's protectionist policies toward europe, asia. Geopolitical risks in the world. Technically, the price is testing a strong support area after breaking through resistance. Below is the key Fibo level of 0.5 - 0.7, which may play the role of the lower boundary from which the bulls will start an aggressive game. Support levels: 2637, 2630, 2616 Resistance levels: 2649, 2665 In general, I am more inclined for a medium-term decline, but the local situation is quite tense and complicated. If the bulls hold 2630 - 2640, the gold will continue to rise If the bulls lose, the price will form a deeper correction with the possibility of further prolongation of the fall. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
SOL/USDT: Reversal and Breakout InsightsBINANCE:SOLUSDT SOL/USDT: Reversal and Breakout Insights Analysis: The chart provided is a 4-hour timeframe of SOL/USDT on Binance, showcasing various technical indicators and patterns. The chart includes: Price Action and Trend Lines: The price has been in a downtrend, indicated by the descending channel (blue lines). There are multiple Break of Structure (BOS) and Change of Character (ChOCH) points marked, indicating potential trend reversals. Support and Resistance Levels: Key resistance levels are marked at 247.00, 225.21, 219.83, 217.05, and 216.79. Key support levels are marked at 215.16, 203.00, and 175.26. Volume Profile: The volume profile on the right shows significant trading activity around the 215.16 level, indicating a strong area of interest. Relative Strength Index (RSI): The RSI is currently at 62.55, suggesting that the asset is approaching overbought territory but still has room for upward movement. MACD Histogram: The MACD histogram at the bottom shows a recent bullish crossover, indicating potential upward momentum. Buy Strategy: Entry: Buy at the breakout above 217.05, confirming the bullish momentum. Take Profit 1 (TP1): 225.21 (next resistance level). Take Profit 2 (TP2): 247.00 (major resistance level). Stop Loss (SL): 203.00 (below the recent support level). Follow @Alexgoldhunter for more strategic ideas and minds. VIP Signal: Buy: 217.05 tp1 225.21 tp2 247.00 sl 203.00 This comprehensive analysis integrates multiple trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy and sell strategies. The chart indicators, such as RSI, MACD, and volume profile, support the analysis and identify key levels for entry, take profit, and stop loss.
Long
by Alexgoldhunter
USD/JPY Poised for Breakout: Key Levels to WatchFX:USDJPY USD/JPY Poised for Breakout: Key Levels to Watch Analysis: The chart shows the USD/JPY pair on a 4-hour timeframe with multiple indicators and annotations. The price is currently at 157.266, with recent highs and lows marked. The chart includes horizontal support and resistance levels, volume profile, RSI, and a momentum indicator. Price Action Analysis: The price has been in an uptrend since mid-October, forming higher highs and higher lows. Key resistance levels are at 157.406, 158.082, and 158.246. Key support levels are at 156.744, 154.120, and 153.877. Smart Money Concepts (SMC): Break of Structure (BOS) annotations indicate significant price movements. The price is currently consolidating near the upper resistance levels, suggesting potential accumulation or distribution. ICT Elliott Wave Analysis: The price appears to be in the fifth wave of an Elliott Wave cycle, indicating a potential end to the current trend. A correction might be expected before a new trend begins. Indicators: RSI is at 51.93, indicating neutral momentum. The momentum indicator shows mixed signals with recent green bars suggesting bullish momentum. Buy Strategy: Entry: 157.300 (above current resistance) TP1: 158.082 (next resistance level) TP2: 158.246 (upper resistance level) SL: 156.744 (below recent support) Sell Strategy: Entry: 156.700 (below current support) TP1: 154.120 (next support level) TP2: 153.877 (lower support level) SL: 157.406 (above recent resistance) Follow @Alexgoldhunter for more strategic ideas and minds VIP Signal: Buy: 157.300 158.082 158.246 156.744 Sell: 156.700 154.120 153.877 157.406 This detailed analysis incorporates multiple trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to generate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, RSI, and volume profile, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter