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Fibonacci

CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy spanning from 20,930.00 to 20,900.00, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 20,930.00 and 20,900.00, serving as a low-risk buy. Bearish Targets📈: 20,940.00: Possible retracement area. 20,980.00: Possible retracement area. 21,200.00: Liquidity Area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
OANDA:NAS100USDLong
by T4X_Trading
Short gold after reboundBros, the lowest retracement of gold during the day was around 2622, and then rebounded and is now running around 2634. Since gold has chosen to break through downwards and is particularly weak during the rebound, we still give priority to shorting gold in the short term. The top focus is mainly on the resistance in the 2640-2650 area. The main focus on the 2640-2650 area resistance. In terms of short-term trading, we can short gold based on this resistance area.
OANDA:XAUUSDShort
by Trader_Marvin
XRP to $10 in 2025 ? Fib Speed Fan Analysis. #XRPARMYThe Fibonacci Speed Fan is a technical analysis tool that combines Fibonacci retracement levels with trend lines to identify potential support, resistance, and trend reversal points in an asset's price action. This tool has proven to be particularly useful in detecting trend reversals, especially in the case of the XRP token. XRP has demonstrated a history of respecting significant Fibonacci extension levels since 2014, as evidenced by the 0.618 rejection in 2014, the large expansion to the upside with a mild correction at the 1.382, and the eventual blow off top at the 1.75 extension. The market then consolidated and appreciated until it encountered resistance at the 0.618 Fibonacci fan extension in April 2021, followed by further consolidation. Analyzing historical price action can provide insights into potential future movements. By superimposing the 2014 fractal on the current price action and scaling it appropriately, we can identify a possible trajectory for XRP. This analysis suggests that XRP may experience a run-up to two intersecting 0.618 Fibonacci Speed Fan levels (from the previous peak and the most recent peak) around the $0.85 - $1.00 range. This could be followed by a rejection or consolidation period lasting several months before another potential explosive move to the upside in 2025. The catalyst for this projected growth could be a favorable outcome in XRP's legal battle with the SEC, which would lend legitimacy and confidence to the asset. It is important to remember, however, that technical analysis, while valuable, is not foolproof and cannot predict future price movements with complete certainty. External factors, such as regulatory changes and market sentiment, can also have a significant impact on an asset's price trajectory. In conclusion, the Fibonacci Speed Fan is a useful tool for detecting trend reversals due to its ability to combine Fibonacci retracement levels with trend lines, providing valuable insights into potential support and resistance areas. This has been particularly relevant for the XRP token, which has consistently respected significant Fibonacci extension levels since 2014. By analyzing historical price action and employing tools like the Fibonacci Speed Fan, traders and investors can make more informed decisions about potential entry and exit points in the market.
BITSTAMP:XRPUSDLong
by TheTraderAndy
Litecoin LTC price its time to wake up and playIs it time to resurrect the “old guard”?) Crypto investment company Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin-ETF. Once upon a time, long ago, CRYPTOCAP:LTC was called “silver”, of course, after CRYPTOCAP:BTC - “gold”, giving more hope and prospects for #LTC than CRYPTOCAP:ETH at about the same price of $6-9 per coin :) And most crypto transactions in those days were made in the #Litecoin network because of its cheapness and reliability, not usdt. At the same time, in 2016-2018, #LTC and #BTC were mined together on ASIC (we don't know how it is now, write in the comments). 👀 BTC ETF - done , ETH ETF - done , LTC ETF is next? 🟢 LTC and BTC have the same cyclicality of halving rewards for a mined block 🟢 #Litecoin is a reliable blockchain that has been tested by time (since 2011) 🟢 SEC regulatory requirements may be very similar to the already passed “thorny path” of BTC ETF 🟢 LTC, like BTC, unlike ETH, has a limited issue many mined and “virgin” LTC are safely hidden in wallets and are waiting for their time to be sold at a very high price. 🔴 The only and big “minus” we see is the small capitalization of LTC. For a serious conversation with “big money”, you need to create a stir and pump up OKX:LTCUSDT price at least 10 times, then the #Litecoin marketcap will be $50+ billion So, if you believe that LTC ETF will be the next one, it is a good idea to buy #LTC in the range of $60-70 with the prospect of growth to $225 (x3), and ideally to $700+ (x10) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
6
XRP/USDT: Prime Entry and Exit PointsAlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Strategy for XRP/USDT on a 1-Hour Timeframe Technical Analysis Price Action and Trend: Current Price: 2.7213 USDT The chart indicates a strong uptrend with higher highs and higher lows. There are Break of Structure (BOS) annotations indicating significant bullish movements. Volume Profile: Increasing volume on upward movements supports the bullish trend. Moving Averages: The price is above key moving averages (likely the 20, 50, and 200 EMAs), confirming a bullish trend. Fibonacci Retracement Levels: Key Fibonacci levels: 0.382: 2.6159 USDT 0.5: 2.5357 USDT 0.618: 2.4575 USDT 0.786: 2.3447 USDT The price is currently above the 0.382 level, indicating strong bullish momentum. Relative Strength Index (RSI): RSI is at 77.50, indicating overbought conditions. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, suggesting bullish momentum. Stochastic RSI: The Stochastic RSI is also in the overbought territory. Buy Strategy Entry Point: Consider entering a long position when the price retraces to key support levels, such as the 0.382 (2.6159 USDT) or 0.5 (2.5357 USDT) Fibonacci retracement levels. Confirmation: Look for a bullish candlestick pattern (e.g., bullish engulfing, hammer) at these levels. Ensure the RSI moves out of the overbought territory. The MACD histogram should start turning positive. Stop Loss: Place a stop loss below the recent swing low or below the 0.618 Fibonacci level (2.4575 USDT). Take Profit: Set a take profit target at the next resistance level or use a trailing stop to lock in profits as the price moves higher. Sell Strategy Entry Point: Consider entering a short position if the price shows signs of reversal at key resistance levels, such as the recent high or the 0.786 Fibonacci level (2.3447 USDT). Confirmation: Look for a bearish candlestick pattern (e.g., bearish engulfing, shooting star) at these levels. Ensure the RSI moves out of the overbought territory. The MACD histogram should start turning negative. Stop Loss: Place a stop loss above the recent swing high or above the 0.786 Fibonacci level. Take Profit: Set a take profit target at the next support level or use a trailing stop to lock in profits as the price moves lower. Summary of Signals Buy Signal: Entry: Around 0.382 (2.6159 USDT) or 0.5 (2.5357 USDT) Fibonacci levels Take Profit (TP): Next resistance level Stop Loss (SL): Below 0.618 Fibonacci level (2.4575 USDT) Sell Signal: Entry: Near recent high or 0.786 Fibonacci level (2.3447 USDT) Take Profit (TP): Next support level Stop Loss (SL): Above 0.786 Fibonacci level This analysis provides a structured approach to trading XRP/USDT, considering key technical indicators and price levels. If you have any questions or need additional insights, feel free to ask! 😊
Long
by Alexgoldhunter
XLM | STELLAR | Can XLM go HIGHER?All the bottom feeders are pumping - XRP, XLM and ADA. This goes to show to that if it can be traded, it will be traded. I have some thoughts on this (the unpredictability of these coins) . As they do not follow traditional market patterns, it makes them very hard to read and harder to predict - this significantly increases the risks associated in trading these coins. I will admit I did have some XRP this cycle - but not ADA or XLM. Looking at the char prior to the pump, it was a dead coin - and there was no reason to anticipate such a huge increase. Yesterday's update on XRP here: ___________________________ BINANCE:XLMUSDT
by CryptoCheck-
NZDJPY Wave Analysis 2 December 2024 - NZDJPY broke support zone - Likely to fall to support level 86.75 NZDJPY currency pair recently broke the support zone located between the support level 89.00 and the 38.2% Fibonacci correction of the upward price move from the start of August. The breakout of this support zone accelerated the active c-wave of the ABC correction 2 from the start of November. Given the strongly bullish yen sentiment seen today, NZDJPY currency pair can be expected to fall to the next support level 86.75 (former support from September and the target price for the completion of the active ABC correction 2).
Short
by FxProGlobal
Again... $NQ hits 4x Asian Session Standard Deviation *smc*I made a tutorial not long ago that this setup happens mroe often than not. So I'm posting a second setup to prove my case. What's the difference? The entrance will depend on previous buy/sell models and if price hits the right order block without needing to go after sell side liquidity the higher the entry (or sell side, the lower the entry)... in this case is the higher. Because below is a lot of price action and the bottom hits just below the asian session at a breaker. Exit will head toward liquidity. On the 4 hr chart the liquidity point is 21,190. 4HR HART I hope these tutorials will help you continue to keep finding these setups. Happy Trading CME_MINI:NQ1! BLACKBULL:NAS100 CAPITALCOM:US100
CME_MINI:NQ1!Education
by BodiesXWix
Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
Short
by Sony97
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom) Unfortunately or fortunately, these are the realities. Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up. God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1. And for the #Cardano holders and altruists, patience to wait for that time. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
16
new long signal for glmr 4hr timeframe 3 rsi and 35 rsiso this could be a good trade, you can long now, next target around 0.32 the 1.618 is at 0.44 so basically this would be like your short term top for now. What I see from other sources glmr could be up for a huge move so maybe you want to hold even longer. Leverage on low level max 15x. NFA You could also buy on spot now and just hold and sell at the 4$ level others talk about for longer term...brought to you by the J3D1, support your local wild animals
Long
by J3D1M31ST4
GBPCAD: Deep Correction After Breaking the Uptrend LineWelcome back! Let me know your thoughts in the comments! ** GBPCAD 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!
Short
by OGT_Forex