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Fibonacci

Forming hammer near all time low - on weekly time frame"Rebounding from the Bottom? A Hidden Gem in Spandana Sphoorty!" 🔍 Analysis: Spandana Sphoorty, trading 75% below its All-Time High (ATH), shows strong signs of a potential turnaround: 📊 Weekly Chart: Forming a bullish hammer pattern. 📈 Daily Chart: Displaying a morning star pattern near its all-time low. 💰 Valuation: The stock is trading at just 0.68x its book value (Book Value: ₹480; Current Price: ₹332). 🎯 Trade Setup: Entry: ₹328 Stop Loss: ₹292 Target: ₹401 Risk-Reward Ratio: 2:1 💡 Why This Looks Promising: The stock has formed strong technical patterns at a crucial support zone and offers a low-risk opportunity for entry. 📢 Disclaimer: This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
NSE:SPANDANALong
by the_fib_trader
EVO Elliot-Wave AnalysisDespite the very strong financials, the EVO chart is stuck in a correction since Apr '21. I think there still is a bit more downside potential. The price should eventually find support in the green box, and ideally start forming a bottom in this area. Potentially the price could drop even lower, but thats not my main scenario. Either way, it will probably take multipe monts, untill the price will start surging again. I see massive value at these prices! I will start buying aggressively, when the price is entering the green box.
OMXSTO:EVOLong
by PF_Analysis
GBP/NZD: let's take profit occur before buying againWith strong bullish momentum, GBP/NZD remains attractive for long positions. Fundamentals favor the GBP over the NZD, while technicals suggest room for further upside. Fundamentals: - GBP Strength: Hawkish Bank of England and resilient UK economy. - NZD Weakness: Recession in New Zealand and dovish RBNZ policy weigh on the NZD. Trade Idea - Buy Zone: 2.1945-2.2200. This level corrispond to 0.5 Fibo and also 4h demand. - Targets: 2.2440, then 2.2800. - Stop Loss: Below 2.1800. Important: enter just in case of rejection! it means that price will need to go in the buy zone area and then have a strong upside (CHOC, COS on lower TF). If you follow me, you will receive updates so you know when and where I enter, close, TP.
Long
by zito82
2
VIRTUAL’s Incredible Year: Is a Top in Sight??VIRTUAL has experienced a phenomenal rise in recent months, climbing to rank 36 in the overall crypto market with an impressive $3.7 billion market cap. This meteoric growth is a testament to the strong interest and momentum behind the project. However, as we approach the end of the year, there are signs that a potential top could be forming. Let’s analyse the chart and key scenarios to watch for in the coming weeks. Key Levels and Observations: 1.) Elliott Wave Analysis: The price action suggests we are completing the 5th wave of an Elliott Wave cycle, signaling a potential exhaustion of the current uptrend. Based on the Fibonacci extension of the last corrective wave, the 1.618 level is a critical resistance at $3.8134. A breakout above $3.8134 could open the doors to test the psychological level of $4. However, failure to break this level might confirm the end of the 5th wave and initiate a correction. 2.) Head and Shoulders Formation (Potential Setup): There are early signs of a Left Shoulder formation on the chart. If the price rejects at the 1.618 Fibonacci level, we could see the development of a Head and Right Shoulder, forming a bearish reversal pattern. Confirmation of this pattern would require a clear neckline and increased selling volume, signaling a trend reversal. 3.) Time-Based Correction: A correction could align with the broader crypto market trends as we head into early 2025. Given the potential for Bitcoin to drop to the 84K support zone, this could trigger a sell-off in altcoins, including VIRTUAL. 4.) Overall Market Sentiment: While the broader market has been bullish, a Bitcoin-led correction could drag down the entire crypto market. Altcoins often experience sharper corrections during Bitcoin downturns, which could result in VIRTUAL retracing some of its gains. Volume Analysis: Monitor volume levels at key resistance points (e.g., $3.8134 and $4) for confirmation of breakout or rejection. Market Correlation: Keep an eye on Bitcoin’s price action, as any significant movement could directly impact VIRTUAL and other altcoins. Note: These are my personal thoughts and interpretations of the current market conditions. Please take them with a grain of salt. The crypto market is highly volatile and further data and confirmations are essential before drawing definitive conclusions. Happy trading!
Short
by SiDec
3
TradeCityPro | DYDXUSDT Decentralized Exchange Market Situation👋 Welcome to TradeCityPro Channel! Let’s analyze another crypto asset during the holiday season and Christmas. This is the perfect time for learning and analysis so that we don’t miss out during market moves. 🌐 Overview Bitcoin As always, let’s analyze Bitcoin before diving into today’s altcoin. In the 1-hour timeframe, Bitcoin is still inclined to drop, and red candles have pushed the market into an oversold condition, likely reaching the 92722 zone. Try to stay calm and unaffected by the green and red candles. If 92722 is broken, we could target lower levels such as 86K and 81K. I have personally reserved funds for these levels. If Bitcoin dominance rises during this drop, altcoins are expected to experience sharper declines. 📊 Weekly Timeframe In the weekly timeframe, DYDX is among the coins that remain in its large box and has only risen slightly from the support of its smaller box, experiencing a drop after getting rejected at 2.6416. Most crypto coins are within their boxes, which can be considered long-term accumulations. With an influx of capital and hype, they could break out and start strong upward trends. Personally, I avoid buying within the box, The 2.6416 level has become a key resistance. After breaking it, I’ll either enter at 4.3322 or wait for opportunities in lower timeframes. If holding this coin, consider exiting after the 0.8572 level is broken. 📈 Daily Timeframe In the daily timeframe, after forming a box between 0.8572 and 1.3409 and breaking out, DYDX experienced an upward move to 2.6416, followed by a correction. During the upward move, volume increased significantly, while it has decreased during the corrective moves, indicating a potential bullish signal. The price has now returned to the top of the previous box, which has turned into a strong support level. This level coincides with the 0.618 Fibonacci retracement, further confirming its importance. Personally, I won’t buy at this point but may consider entering early after observing a strong candle or if it ranges between 1.3409 and 1.5977 and breaks the range’s top, depending on Bitcoin dominance conditions. ⏱ 4-Hour Timeframe In the 4-hour timeframe, a structure has finally formed, allowing for futures trading. Positions can be opened after breaking either side of the box for quick profits. 📉 Short Position Trigger After breaking 1.4098 or with strong momentum in lower timeframes. 📈 Long Position Trigger The 1.5977 level gains importance with each test, and breaking it could allow for long entries. However, given the low market volume during the holidays, ensure trades have tight stop losses and quick profit-taking. 💡 BTC Pair Insight DYDX’s situation against Bitcoin isn’t great, with a baseless upward move followed by a return to its support level. Be patient; after breaking 0.00002667, this coin can break its resistance levels against Bitcoin and show upward movements against USDT. 📝 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
10
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support. Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals. Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
COINBASE:ETHUSD
by forstockzonly
MOVEMENT BULLISH MOMENTUM!!!The MOVE/USDT chart shows an interesting price action. After completing an accumulation phase within the consolidation zone (highlighted in purple), the price successfully broke out to the upside, creating a Break of Structure (BOS) that signals a shift to a bullish trend. Currently, the price is retesting the yellow line (breakout zone), which now acts as a new support level. If this retest holds and the price stays above the yellow line, there's strong potential for further upside with Fibonacci Extension targets: - 127.20% (1.2891 USDT) as the first target, - 161.80% (1.5178 USDT) as the second target, and - 261.80% (2.4332 USDT) as the extended bullish target if momentum continues to build. However, if the price fails to hold this support, a deeper correction could occur before resuming the uptrend. Keep an eye on this retest area to confirm the breakout. 🚀 #MOVEUSDT #CryptoAnalysis #Breakout hf
Long
by anandahaidarr
2
MOVEMENT BULLISH MOMENTUM!!!! After failing to break through the Break of Structure (BOS) area, the price corrected back to the trendline, which acts as a dynamic support. This move indicates that the trendline remains significant in maintaining the bullish structure. Currently, the price seems to be in a corrective phase, with potential consolidation around the trendline area before attempting another breakout to the upside. The Fibonacci Extension levels highlight the next bullish targets at 127.20% (1.2891) to 161.80% (1.5178), with the potential to reach 224.00% or even 261.80% if a breakout is successful. The Weak High area on the chart serves as a key resistance that needs to be cleared for further upward momentum. If the trendline holds, consistent higher lows will support the continuation of the bullish trend. However, if the price fails to hold above the trendline, the Weak Low area will act as the next support. Keep an eye on price action around this zone to confirm the next direction! 📈
Long
by anandahaidarr
2
SQQQ | Im Very Bearish the Markets Going into Q1 - 2025How I see It: (The commentary is purely my own thoughts based on my research comparing it to what I've seen in the media and other social media sites) SQQQ smooths out the noise and shows me if we are in a bearish scenario in the technology sector. This ETF has been in a bullish divergence for the last 6 months, and it showing signs its time to pop higher. That equates to the QQQ's going into a correction mode over the next 3 - 6 months. Be careful as profit taking will come hard, and margin calls will run crazy. ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
NASDAQ:SQQQLong
by DivergenceSeeker
1