Usd bye byeYes,
Testing 200 ma, liquidity search on top before going back down with fib confirmation.
(Might see 0.5 test if first rejection doesn’t hold)
Fibonaccianalysis
LTCUSDT 4H Interval - Resistance and SupportLast in today's chart, we have the LTC chart against USDT, on a four-hour time frame. Let's start by marking the uptrend channel with blue lines, as you can see, the price is leaving the channel down for the second time.
Now let's move on to determining the support and as you can see we have the first support at the price of $85.64, the second at the price of $80.84, the third at the price of $77.11 and the fourth at the price of $73.29.
Looking the other way, we can mark the resistance areas in the same way, but first, it is worth marking the strong resistance zone from $ 90.35 to $ 93.29, only when the price breaks it will go towards the resistance at $ 98.10, and then $ 105.84.
As we can see, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downtrend, while the RSI is moving in the middle of the range.
Cardano Fibonacci target 0.4271Hey trader!
This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ( 0.5117 , & 0.2417 ) can hold back the price and this is also reflected in the Fibonacci target price at 0.4271 . It can therefore be concluded that Cardano has strong potential to reach the previous resistance level ( 0.4217 ) and create a good return of potentially 22.47% for the speculative investor.
I hope this analysis was instructive and that it can be used in considering whether Cardano will continue its imposed bullish trend.
A Cautious Trend Continuation Idea Bullish Indications
• As per DOW’s theory Price action is registering Higher Highs and Higher Lows.
• Candle Stick pattern show Inverted Hammer is followed by Bullish Engulfing candle which indicates Bulls are in control.
• Support zone is at 1.23386 which can help price bounce up to continue bullish trend.
• Linear Regression Channel with standard deviation 2 is used as trend line Support and Resistance. It is evident Price has respected
median line and moved back up.
• Support Zone confluences with Fib Level 78.6% and price has respected it.
• Formation of Bullish Pennant , which indicates continuation of current trend.
• As per Seasonal Analysis, BXY remain Bullish until closing of 2nd week of January 2023 with an increment of
2.35% from December 2022. It is
safe to say it can sustain to close bullish for January Month.
• On the other hand, as per last 10 years seasonal BXY remain slightly bearish in January month.
• Macro Analysis on 1 Day Time-Frame trend is Bullish.
• Micro analysis on 15 Minutes Time-Frame Trend remains Bullish.
• Hidden Bullish Divergence spotted on RSI oscillator.
• Average Directional Index , which measures the trend direction strength and its value is at 31.96 which indicates trend is strong.
Bearish Indications
• Price action is approaching Resistance zone at 1.24103 which can bounce back.
• DXY index analysis shows it to be testing a major support area which can provide a cushion for a bounce back which can result in trend
reversal upon confirmation.
• AB=CD Harmonic Pattern indicates a reversal in trend is possible in area of 1.24526. But we can be only sure of reversal of trend if DOW’s
theory is valid for the trend.
• 10 years Seasonal analysis of DXY show it remain Bullish in January.
• BXY index analysis shows it to be approaching a major resistance zone which can bounce back the trend.
Analysis Takeaways:
As per facts available to us and projections we can assume that it is quite possible that trend will continue to be bullish with a short-term bounce back from resistance area and again will continue as biased. However, we can’t reject the possibility of trend reversal into a bearish trend as per market sentiments so we need to be cautious and safely take what we can until that happens.
Bias : Long
Plan (Long)
Entry Long: 1.23677 (Fib Lvl 88.6%)
TP: 1.24543 (Fib Lvl 100%)
TP2 : 1.25936 (Fib Lvl 1.27%)
Stop Loss: 123.066 (Fib level of 78.6%)
Risk/Reward: 1:3.94
Manage your Risk Accordingly and Remember Stop Loss is your friend.
If this post was useful to you, do not forget to like and comment.
SOLANA 30$ CONFIRMED Recently, we've been seeing a lot of bull move on solana. From $9 - $13 and it is presently trading at $25. According to my analysis using key Fibonacci levels of 0, 0.23, 0.618 and 1.0. Solana has consolidated from this levels. Initially Solana was to experience strong price consolidation at 19$ level but the bull rally was much more stronger which eventually made Solana drop extensively from 25$ to 20$ level by mitigating the previous $19 level and 0.618 Fibonacci. This has made more confirmation after Solana pull back up and broke the 25$ level recently and having proper consolidation as expected. So now we are targeting 30$ at this moment at 1.618 Fibonacci level.
I'm buying Solana at this present $25 level. Let me see what you suggest from the comment below 🙂
XAU/USD = SILVER SHORT | RR: 3 + RR: 9In today's post, we go into a potential SHORT in XAU/USD = SILVER,
which will have to prove itself in the next few hours.
To give you a brief overview of the symbols used in the chart, I have included a labeled version of the chart.
DIRECTION
RISK TO REWARD = 3.16
RISK TO REWARD = 8.82
CAUTION
Before you enter the SHORT, pay attention to the smaller time frames, how they react to the drawn levels.
> If there is no desired reaction on the smaller time frames, then you have to wait and see.
> Additionally, watch the DXY and GOLD for how the two pairs behave. If the DXY continues to sell off as expected, the SHORT idea is unnecessary.
> Feel free to share in the comments, about the implications of this week's dates.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating. Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
ADA/USDT 1D INTERVAL - resistance and supportHello everyone, I invite you to review the ADA chart in pair to USDT on a one-day interval. Let's start by marking the downtrend line that the price is currently trying to break, while locally we can mark the uptrend.
Now let's look at where the price will meet resistance on further increases, once we cross the downtrend lines, we can see resistance at $0.41, second resistance at $0.47, third at $0.52 and fourth at $0.59.
Looking the other way, in the same way we can mark places that will support the ADA in the event of a larger price correction. And here we will start by marking the support zone from $0.35 to $0.33, if the price falls below the second zone is from $0.31 to $0.30, while the third support zone is from $0.27 to $0.24.
It is worth looking at the EMA Cross 10 and 30, which indicate the place of entry into an uptrend and confirmation of staying in this trend.
The CHOP index indicates that we have more and more energy for the upcoming move, the MACD confirms the upward trend, while the RSI, despite the correction, has returned above the upper limits of the range, so be careful before a possible correction.
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, welcome to the BNB to USDT chart review on a four-hour time frame. We will start by drawing the downtrend line that the price has broken above, then we can mark the local uptrend line with the yellow line.
Now let's move on to determine the support that the price has in case of declines, and here we can see that the first support is at $292.2, when the support is broken, the next support is at $278.4, the third support is at $267.5, then we have a strong support zone from $256 to $240.
Looking the other way, it is worth checking what resistances the BNB price has to overcome on its way, and in this situation we see that the price is struggling to break the first resistance at $307.5, when it breaks it we have resistance at $331.4, and then $361.8.
It is worth looking at the EMA Cross 10 and 30, because we can see that for a while we could see a change in the trend, but we quickly returned to the uptrend.
The CHOP index indicates that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI, after a correction, returned to the upper part of the range.
sp500Thinking we've just completed wave B on the HTF monthly chart in what appears to be a Zig Zag bearish ABC that once completed will make the 5th wave blow off top into summer 2023 or longer / shorter depending on
how long it will take for Wave C to push, judging by the way Fed is reducing interest rates a pause seems likely in the next few meetings. This should be the FA event that sends the stock markets up 1 last time.
Daily review of ETH interval 1DHello, I invite you to review ETH to USDT, on a one-day interval. let's start by drawing a downtrend line, which as you can see, the price has broken, then we will mark the local uptrend line, above which the price is currently moving.
Now as we can see, the price rebounded from the resistance at $1683, only when the price breaks it will move towards the resistance at $1795 and then to the resistance at $2032.
Looking the other way, it is worth determining the levels of support for ETH in the event of a correction. And as you can see, we have the first support at $1539, if the price goes lower we have another support at $1451, $1378, and then we have a strong support zone from $1307 to $1203.
Further, we can see that the CHOP indicator indicates that the energy is starting to rebound, the MACD, despite the correction, indicates an uptrend, while the RSI, despite the rebound, indicates that we are above the upper range, which may cause the price to correct.
Daily review of BTC interval 1DHello everyone, I invite you to update the BTC chart in pair to USDT, on a one-day interval. As we can see, the price has broken the downtrend line, and now we can use the yellow line to mark the local uptrend line.
As we can see, the price has overcome a strong resistance at $ 21,500, while currently BTC is fighting to maintain the level of $ 22,817. Only when it manages to hold, we will see a try of an attack on the resistance at the price of $25,206.
Now let's move on to marking support for the price. And as you can see, the previously overcome resistance at $21,500 is now a strong support for the price. If the support is broken, the next resistance is at $20,367 and $19,417. Looking further, we can mark a strong support zone from $18,498 to $17,150, to which the price may fall in the event of a correction.
Please pay attention to the EMA Cross 10 and 30, which all the time indicate an ongoing uptrend.
The CHOP index indicates that the energy is exhausted and is slowly starting to rise, the MACD confirms the ongoing uptrend, while the RSI is moving above the upper range, which may indicate an upcoming correction.
NASDAQ 100 Futures for the week 1/23 to 1/27If the market wants to keep a healthy bullish trend, the excess oversold disruption in box 1 should be reflected with price action in box 2, outside of the yellow box.
And if the level of prior high at 11727 holds as support upon retesting, we can set our target price at 12068.
But if the prior high cannot hold, the market is likely to range. By then, it's safer to wait for the price to break the ranging zone. Otherwise there are too many uncertainties when the market has no specific direction.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support at which the price is currently located is $1612, if the support is broken then the next support is $1594, $1571, $1503.
Now let's go from the resistance line, as you can see the first resistance is $1645, if you manage to break it, the next resistance will be $1672, $1692, $1713.
Looking at the CHOP indicator, we see that the energy is slowly gaining strength in the 4-hour interval, the MACD indicates entering a local downtrend, while the RSI has a nice rebound, which may give room for new increases.
WC0123 AUDCHF Outlook: BearishMTF Analysis
Check annotations in the anchored notes for M-W-D-H4/H1 analysis.
HEXO TO 1k!?The 1.618 on a linear scale points @1k
The 2.618 on a log scale points @1.21 wich we reached recently and bounced on.
Would need further confirmations such as daily close over the 8 daily EMA and the 21 Weekly EMA.
AKA My old analysis updated with reverse split price :)
Daily review of BTC interval 1DHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price has broken the downtrend line.
Let's start by marking the resistance at $23,146 which as you can see, the price has broken and is now struggling to get it, the next very strong resistance is at $25,177.
Now let's move on to the support line and as you can see the first support in the near future is $21533, if the support is broken then the next support is $20373, $19438 and $18503.
Looking at the CHOP indicator, we can see that the energy has been used for recent increases, the MACD confirms the uptrend, while the RSI is moving above the upper range, so watch out for a correction.
BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line, moreover, on the EMA Cross 10 and 30, we can see the crossover point and an indication of entering a downtrend.
Let's start with the support line and as you can see the first support in the near future is $287, if the support is broken then the next support is $280 and $270.
Now let's move to the resistance line, as you can see the first resistance is $294, if you manage to break it, the next resistance will be $298, $302 and $307.
As we can see, the MACD confirms the local downtrend, while the RSI has a nice recovery and room for new growth.
MATIC / USDT 1D chart Resistance and SupportNow we will check the situation on the MATIC chart in pair to USDT, also on a one-day interval. at the beginning, let's mark with a white line, the main downtrend line, however, we can see that the price has broken the local downtrend line.
Now let's move on to checking where we currently have support for the price. And here we see that we first have a support zone from $0.93 to $0.81, if the price goes lower then the next support is at $0.70 and then $0.53.
Looking the other way, we can see that the price has bounced off an important resistance at $1.04, then there is resistance at $1.20 and $1.45.
Now look at the CHOP index, which indicates that the energy is starting to rise, MACD indicates that despite the correction, we are maintaining an upward trend, while the RSI shows a nice rebound, thanks to which we have a new place for growth.
BTCI want to say bottoms in but really can't, all prior corrections have corrected around 84-86%.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction.
Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support.
Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be.
But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump.
So for now jury is out on bottoms in callers IMO.
Fibonacci Retracement on NiftyNSE:NIFTY
Fibonacci Retracement plotted on NSE:NIFTY suggests that triple bottom has been confirmed on
50% fib level around 17,792.
Trade plan has been shared with Risk / Reward ration of 1:2
Entry : 18,082
Exit : 18,710
SL : 17,776
Good Luck !!
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $20665, if the support is broken then the next support is $20482, $20338 and $20190.
Now let's go from the resistance line, as you can see the first resistance is $20878, if you manage to break it the next resistance will be $21174 and $21646.
Looking at the CHOP indicator, we see that in one hour interval, there is energy for further movement, the MACD indicates an uptrend, and the RSI has a small rebound and room for further growth.
Fibonacci Retracement on Bank NiftyNSE:BANKNIFTY
Fibonacci retracement plotted on Daily Timeframe of NSE:BANKNIFTY , identified two possible entry zones previously acting as support & resistance levels.
