Get started

Fibonaccianalysis

Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19050, if the support breaks down, the next support is $ 19,022 and $ 18,994. Now let's move on to the resistance that price has to break first and here we see a resistance zone from $ 19163 to $ 19222, only going above this zone can bring about further increases. Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
by cryptodailyuk
2
LUNAUSD - Targets and Stoploss 4HHello everyone, let's take a look at the 4H LUNAUSD chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 2.88 T2 = $ 3.02 T3 = $ 3.13 T4 = $ 3.25 and T5 = $ 3.41 Now let's move on to the stop loss in case of further market declines: SL1 = $ 2.65 SL2 = $ 2.57 SL3 = $ 2.52 SL4 = $ 2.46 and SL5 = $ 2.38 Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
2
XRP - USDT on 4H interval Targets and StoplossHello everyone, let's take a look at the 4H XRP to USDT chart as you can see the price is moving below the uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.4933 T2 = $ 0.5035 T3 = $ 0.5116 T4 = $ 0.5199 and T5 = $ 0.5316 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.4843 SL2 = $ 0.4732 SL3 = $ 0.4648 SL4 = $ 0.4561 and SL5 = $ 0.4433 Looking at the CHOP indicator, we can see that in the 4H range we have very little energy, and the MACD indicator shows a local downward trend.
by cryptodailyuk
1
Daily review of ETH interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 1,294 T2 - $ 1,302 T3 - $ 1,324 and T4 - $ 1,359 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1282 SL2 - $ 1271 SL3 - $ 1263 SL4 - $ 1,255 and SL5 - $ 1,243 Looking at the CHOP indicator, we can see that in the 4H range we have very little energy, while the MACD indicator shows a local downward trend.
by cryptodailyuk
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support that price just broke is $ 19,023, if the support breaks down, the next support is $ 18,949 and $ 18,877. Now let's move from the resistance line as you can see the first resistance is $ 19,099, if you can break it the next resistance will be $ 19,169 and $ 19,364. Looking at the CHOP indicator, we can see that in the 1-hour interval some energy has been used, but we have some to continue moving, while the MACD indicator shows a local uptrend.
Short
by cryptodailyuk
MAXN : SWING TRADE / SCALPINGMaxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore. First Solar (NASDAQ:FSLR) and Maxeon Solar Technologies (MAXN) were upgraded to Buy from a Sell rating at Goldman Sachs. The investment bank pointed to the tax-and-climate bill signed last month by President Biden as a key driver for the U.S. solar industry. The law has incentives for the biggest investment in energy-efficient products in U.S. history. It sets aside $21 billion for rebates and federal tax deductions for energy-saving improvements to people’s homes in the next 10 years. “Simply put, we see stocks with U.S. leverage and/or U.S.-based manufacturing as fundamentally best positioned, and we take a deeper dive look at where valuation would suggest further upside exists,” Brian Lee, analyst at Goldman Sachs, said in the Sept. 7 note. The bank also updated earnings estimates and price targets for the solar companies in its coverage. Read more on : seekingalpha.com
NASDAQ:MAXNLong
by TradingMavericks
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, let's take a look at the BNB to USDT chart on a one day timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 260, if the support breaks down, the next support is $ 242 and $ 216. Now let's move from the resistance line as you can see the first resistance is $ 275, if you can break it the next resistance will be $ 287 and $ 297 plus $ 307. Looking at the CHOP indicator, we can see that we have a lot of energy in the one-day interval, while the MACD indicator shows a local downward trend.
by cryptodailyuk
CAKEUSDT - 1D Interval - Resistance and SupportHi everyone, let's take a look at the CAKEUSDT chart on the 1 day time frame. As you can see, the price of the cake is moving in the uptrend channel and is currently at the lower end of this channel. Although the price is at the lower end of the current channel, we are also in front of an important resistance zone that starts at $ 4.57 to $ 5.14. If we manage to break the resistance zone, we still have resistance lines at $ 6.79. However, if the price starts to fall, you need to look at what support we have in front of us and you can also see that the first important support zone is from $ 4.1 to $ 3.78, if the support does not hold the price, the next zone starts from $ 3.48 to $ 3.04. It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates that we are in a downward trend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,437, if the support breaks down, the next support is $ 19,368, $ 19,311 and $ 19,254. Now let's move from the resistance line, as you can see, the first resistance is $ 19,545, if you can break it, the next resistance will be $ 19,611, $ 19,657 and $ 19,700. Looking at the CHOP indicator, we can see that the energy has been used up in the 4-hour interval, and the MACD indicator shows a local upward trend.
by cryptodailyuk
2
Daily review of ETH interval 4HHello everyone, let's take a look at the 4H eth to USDT chart as you can see the price is moving in the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 1,329 T2 - $ 1,337 T3 - $ 1,346 T4 - $ 1,357 and T5 - $ 1,371 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,308 SL2 - $ 1296 SL3 - $ 1,286 SL4 - $ 1278 and SL5 - $ 1264 Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows that the blue line is close to the red line crossing from below, which could confirm the upward trend change.
by cryptodailyuk
DOGE / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's take a look at the 4H DOGE to USDT chart as you can see the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.06224 T2 = $ 0.06287 T3 = $ 0.06338 T4 = $ 0.06386 and T5 = $ 0.06457 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.06138 SL2 = $ 0.06058 SL3 = $ 0.05992 SL4 = $ 0.05924 and SL5 = $ 0.05827 Looking at the CHOP indicator, we can see that in the 4H range we have very little energy, while the MACD indicator shows a local downward trend.
by cryptodailyuk
2
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the local downtrend channel. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,340, if the support breaks down, the next support is $ 19,174 and $ 19,041. Now let's move to the resistance line, as you can see, the first resistance is $ 19,494, if you can break it, the next resistance will be $ 19,602, $ 19,687 and $ 19,775. Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows a local downward trend.
by cryptodailyuk
7
MATIC/USDT - Targets and StoplossHello everyone, let's take a look at the 4H MATIC to USDT chart as you can see the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.8372 T2 - $ 0.8436 T3 - $ 0.8481 T4 - $ 0.8526 and T5 - $ 0.8594 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.8295 SL2 - $ 0.8215 SL3 - $ 0.8215 SL4 - $ 0.8175 and SL5 - $ 0.8120 Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, while the MACD indicator shows a local downward trend.
M
by cryptodailyuk
XRP - USDT on 4H interval Targets and StoplossHello everyone, let's take a look at the 4H XRP to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.4973 T2 = $ 0.5080 T3 = $ 0.5151 T4 = $ 0.5239 and T5 = $ 0.5352 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.4909 SL2 = $ 0.4875 SL3 = $ 0.4849 SL4 = $ 0.4818 and SL5 = $ 0.4774 Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, while the MACD indicator shows a local downward trend.
by cryptodailyuk
ADA/USDT TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H ADA to USDT chart as you can see the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.4247 T2 - $ 0.4266 T3 - $ 0.4282 T4 - $ 0.4299 and T5 - $ 0.4322 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.4221 SL2 - $ 0.4203 SL3 - $ 0.4185 SL4 - $ 0.4158 and SL5 - $ 0.4125 Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local downward trend.
by cryptodailyuk
SOL - USDT 1daycahrt, targets and stoplossHello everyone, let's take a look at the 1D SOL to USDT chart as you can see that the price is close to leaving the yellow triangle in which it is currently moving. Let's start by setting goals for the near future that we can consider: T1 - $ 33.77 T2 - $ 34.39 T3 - $ 35.04 T4 - $ 35.94 and T5 - $ 37.14 Now let's move on to the stop loss in case of further market declines: SL1 - $ 31.35 SL2 - $ 31.04 SL3 - $ 30.79 SL4 - $ 30.54 and SL5 - $ 30.19 Looking at the CHOP indicator, we can see that in the 1D range we have a lot of energy, and the MACD indicator shows a local upward trend.
by cryptodailyuk
Daily review of ETH interval 1DHello everyone, let's take a look at the 1D ETH to USDT chart as you can see the price is moving p in the downtrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 1,372 T2 - $ 1,386 T3 - $ 1,404 T4 - $ 1,427 and T5 - $ 1,491 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,351 SL2 - $ 1,327 SL3 - $ 1,309 SL4 - $ 1292 and SL5 - $ 1268 Looking at the CHOP indicator, we can see that in the 1D range we have a lot of energy, and the MACD indicator shows a local upward trend.
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving in the local uptrend channel. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,996, if the support breaks down, the next support is $ 19,969, $ 19,726 and $ 19,277. Now let's move from the resistance line as you can see the first resistance is $ 20,323, if you can break it the next resistance will be $ 20,508, $ 20,703 and $ 20,958. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and the MACD indicator shows a local upward trend.
by cryptodailyuk
3 FIBONACCI TOOLS YOU MUST KNOW 💡 Hey traders, In this article, we will discuss 3 classic Fibonacci tools you must know. 1️⃣Fibonacci Retracement Fib.Retracement is my favorite fib.tool. It is aimed to identify strong horizontal support and resistance levels within the impulse leg. We draw this tool based on the high and low of the impulse (from wick to wick) and it shows us POTENTIALLY strong structure levels determined by Fibonacci numbers. Common Fib.Retracement levels are: 0.382, 0.5, 0.618, 0.786. Once one of the levels is reached, wait for a confirmation before you open a trading positions. 2️⃣Fibonacci Extension Fib.Extension indicates strong horizontal support and resistance levels beyond the impulse. Similar to Fib.Retracement tool, Fib.Extension is drawn relying on impulse's high and low (from wick to wick) and it shows POTENTIALLY strong structure levels where the consequent impulses may complete based on Fibonacci number. Common Fib.Extension levels are: 1.272, 1.414, 1.618. Once one of the levels is reached, wait for a confirmation before you open a trading positions. 3️⃣Fibonacci Channel Fib.Channel shows strong vertical supports and resistances (trend lines) within the channel. The tool is drawn based on the trend line of a valid parallel channel (based on wicks) and it shows POTENTIALLY strong trend lines from where the market may retrace. The trend lines within Fib.Channel rest on 0.382, 0.5, 0.618, 0.786 Fib.Levels. Once one of the levels is reached, wait for a confirmation before you open a trading positions. Remember that Fibonacci's are simply tools in a toolbox. In order to use them properly, you need to build a trading system around them, test it and confirm its efficiency. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
11
Jumping S-curvesIn this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump . First, let's begin with the chart above (also copied below). This is a yearly chart of McKesson Corporation (MCK), a medical supplies company. As you can see in the chart below, this stock has been soaring over the past year despite most other stocks being significantly lower. Here is the performance of the S&P 500 over the same time period. Whenever I see something highly unusual in a chart, such as extreme outperformance, I check the higher timeframes to see what's driving price on a technical level. Below is the yearly chart for MCK. When I examine price action over a long time period, I always log adjust my chart. Below is the log-adjusted chart. Upon seeing this chart I immediately knew what was going on: the stock price jumped S-curves. I will try to illustrate below how I reached this conclusion. To begin, I drew Fibonacci levels from the last reaction low to the last reaction high on the yearly timeframe. The previous reaction low was the bottom of 2008 because that bottom was a Fibonacci retracement of some earlier reaction high, the reaction high is the top in 2015 because price did not surpass that high without first undergoing a Fibonacci retracement (to the golden ratio). As you can see above, from 2015 to 2018 the price retraced down to the golden ratio (0.618) on the yearly chart. It is often from this retracement level that the base of the second S-curve is created. (For simplicity, I only included the 0.618 Fibonacci level on the chart). Some may say that this pattern is merely a bull flag or pennant. (See chart below) Indeed, bull flags and pennants can be another way to visualize S-curve jumps. Whereas, on a deeper, more mathematical level, S-curve jumps are logarithmic spirals (approximated as Fibonacci spirals or Golden spirals). If you wish to delve deeper into logarithmic spirals, including the Golden spiral, you can check out this Wikipedia page: en.wikipedia.org These Fibonacci or Golden spirals are present on mostly every chart and they appear on mostly every timeframe (hence they are fractal ). One of the best charts you can use to visualize these spirals is the chart of Bitcoin. Below are charts of Bitcoin which attempt to show the endless fractal nature of Fibonacci spirals (or "S-curve jumps"). I've only illustrated a few of the spirals, but indeed there are numerous spirals. (I tried to do my best using the tools on Trading View to draw these spirals, but it can be quite hard to manipulate the curves perfectly to price action.) One may ask what about when price falls? That is obviously not an S-curve jump since the price is falling. Actually, when price is crashing it is usually just an S-curve jump, or Fibonacci spiral, on the inverted chart. Although I have not tested it with scientific rigor, I do hypothesize that Bitcoin's price movement is a series of infinitely fractal and competing Fibonacci spirals on various timeframes, including Fibonacci spirals on inverted scales. Price movement can be thought of as an infinite series of S-curve dilemmas where infinitely fractal S-curves, including those of which are inverse S-curves, compete to govern the next price move. Each dilemma is resolved when an S-curve reaches its inflection point, such that it governs price movement and price moves rapidly in that direction until it approaches capacity and faces its next dilemma. Those who know Calculus may recognize this chart. Indeed this is the graph of a logistic function. The mathematical terminology for an "S-curve" is sigmoid function . Here are some more interesting charts of S-curves (none of which is intended to be investment advice) Meridian Bioscience (VIVO) jumps S-curves on its yearly chart The U.S. Dollar Index jumps S-curves on its yearly chart The entire price action of Chinese EV Company (NIO) is an S-curve that just completed a perfect golden ratio retracement Japan's faces a population S-curve dilemma Citigroup underwent S-curve growth up until the Great Recession. Then it crashed or underwent S-curve growth on the inverted chart. In summary, price movement involves an endless series of S-curves or Fibonacci spirals. Identifying an S-curve on a high time frame before it reaches its inflection point and breaks out can lead to tremendous gains (among the most lucrative gains one can realistically make in the financial markets).
NYSE:MCKEducation
by SpyMasterTrades
22