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Fibonacci Extension

✅LDO - This altcoin is ready to fly! Everyone is waiting for trade setups like this! LDO is a very promising altcoin and I will tell you why in this analysis. As you can see, the price is moving in an ascending parallel channel. This channel currently has only 3 touches, so it's brand new.  inside the parallel channel, there is a bullish flag that is currently breaking out! It's definitely a great time to buy right now! The uptrend started with a strong impulse wave, which is a great indication of strength. Wave 2 has been completed successfully as an ABC ZigZag and we have already started a third wave to the upside! The profit target is at 1:1 FIB extension LOG / 2.618 FIB LINEAR or the top of the parallel channel on the LOG scale. Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns. If you bought this altcoin or if you want to buy this altcoin, then comment on this idea! For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
How to use Fibonacci Retracement ⁉️ ‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
✅Ethereum - No one is talking about this! It's been 41 days since the merge. If Ethereum was still on PoW, there would be up to 488,000 ETH that miners would be able to dump into the market. Instead, net issuance is only 1,300 ETH since merge and stakers can't sell any of that yet! This is absolutely bullish. Hit the like button if you didn't know that, because no one is talking about it! As you can see on the chart, there is an ascending parallel channel, which is really great for a potential profit target or a sell short opportunity. This channel is on the LOG scale, but you can also draw it on the linear scale. Both are valid, unfortunately. According to my Elliott Wave analysis, a previous extremely strong impulse wave gives us a great chance for a new swing high! Also, the correction has been clearly completed as a double ZigZag. The price is above the blue trendline and do not be fooled. This trendline is much longer than you can see on the chart, but I am unable to show you on this daily timeframe. It looks like November will be very bullish for the crypto market, which is really great, isn't it? Look at my ideas about Bitcoin and 0% inflation in the related section down below! For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
48
PHA - Another explosive move is possible! This is an absolutely fantastic opportunity on PHA right here, right now!  The stop loss for this coin is very low and the profit target is very high, which provides a great risk-to-reward ratio. The uptrend started with a strong impulse wave, which is extremely important for continuation to the upside. The next profit target is around 1.3 USDT, but this coin can go even higher than 1.3 USDT. The price action on PHA is extremely bullish. It looks like this is definitely not the end. This coin has to hold the 0.18 USDT level. Otherwise, it will be dead for some time. This is a great opportunity for swing and day-traders, because if the price goes up, then the volatility will be amazing. Phala is a great ponzi at this moment, so maybe do your own research before putting your money into this coin. I think this pump will be very fast, so you don't want to hold this coin for weeks. Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem. Phala provides a contract-based data exchange infrastructure for standardized data collection, analysis, and trading protocols. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
51
The Future For Gold (XAUUSD) Here I've provided my prediction for the future of gold. I do believe the DXY will make a final rally to the upside, making contact with the most recent weekly resistance. Based off the fibs I predict price of XAUUSD to move to the upside next week, maybe even the following week. Hopefully giving us that sweet rejection off the 61.8 fib level. Once I get the break of my 50 EMA I will be entering for the sell and holding until the bottom of the channel we are currently in. Feel free to leave your thoughts and opinions in the comments. OANDA:XAUUSD
OANDA:XAUUSDShort
by TheMoneyMavs
2
💱 Is it time for the Euro? 💱 InvestMate💱 Is it time for the Euro? 💱 For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels. 💱 Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude. 💱 Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150 💱 The stop was set below today's upward candle. 💱 As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result. 🚀 If you like my analysis leave a like and follow my profile 🚀
Long
by InvestMate
3
DXY - The best news for crypto/stocks! This is great news for the stock market and crypto, because it looks like the DXY index has reached its destination at the top of the ascending parallel channel on the monthly chart. The end of 2022 and 2023 could be very bullish for the stock and crypto markets! Maybe this is the last time we see Bitcoin below 20 000 USD. 2% inflation is on the table, we had a massive selloff in certain stocks, and they simply cannot fall in a straight line! If we take a look at the RSI indicator, we are in overbought territory. It pretty much screams for a correction. Then we can make a final uptrend and print a bearish divergence on the 5th wave. A previous swing high from 2001 is definitely a strong resistance and I believe we will take stop losses above this high before a huge downtrend will be in-play. But not now. It could happen in 2025. According to my Elliott Wave analysis, I am missing a final impulse wave to the upside, so do not celebrate too much yet. For now, we are ready for an ABC correction to the downside on this chart. As you can see, we hit the 1.618 FIB extension measured from wave 1 to wave 2. Extremely strong resistance indeed! Look at my ideas about Bitcoin and the SPX 500 in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYShort
by UnknownUnicorn2537518
45
NIFTY50 NEXT LEVEL [N3XTL6V9LTRADING]NSE:NIFTY Considering Global Markets, Indian Market and the price action we can currently consider following points: 1. Nifty made apparent double top which was confirmed with high volume breakdown. 2. We are currently in a consolidation phase for probable down move. 3. This is either ABC correction wave or ABCDE shaped triangle pattern. 4. 17000 has been a crucial level all along. It has been retested many times. If high volume breakdown happens from this level then we can see level of 16000 . 5. If we plot trend based fib extension then we get the 100% level at 16080 which is also near the simple projection of wave 1. 6. Considering the possibility of ABC or ABCDE pattern 2 projections of primary wave are drawn which give us the lose timeframe of 28Oct22 - 2Nov22. 7. This trade becomes invalid if market sustains above 17400.
NSE:NIFTYShort
by Altradr
SPX - How far can it drop?S&P broke down from it's weekly broadening "pennant" decisively last week after Powell gave another blow to the markets ("don't fight the FED" resonated with a resounding punch to the hopeful bulls, ouch!). It is now near June's low (point C) and pretty oversold in the near term. Hence a short bounce from here is possible but there is likely a lot less conviction for a sustainable bounce this time. Should we break June's low in the coming days, then the next support is around 3400-3500 where we have a conflucence of: 1. 50% fib retracementand of the major AB swing up and 2. 127% fib extension of the recent CD swing up However, I won't rule out a worst case scenario where market might not bottom until around 3200 where we have a conflucence of: 1. 61.8% fib retracement of the major AB swing up and 2. 161.8% fib extension of the recent CD swing up 3. horizontal resistence turned support @ 3200 This is just a technical prediction and by no means guaranteed. The market is fluid and Economic situations (& Powell) could change along the way and until we see a clearer sign that the bottom could be in, it is safer not to catch a falling knife unless one is an asttute short term trader or an ultra long term investor. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
6
DXY Fundamental & Fibonacci AnalysisThe Covid-19 pandemic and Russia vs Ukraine war created supply shortages and imbalance in the global economy. In order to balance out the supply & demand and find equilibrium, demand needs to be reduced to meet supply. The way they can achieve this is by hiking interest rates, making things more expensive and making risk assets costly to hold. Until inflation has cooled down, the Federal Reserve will continue to hike interest rates, which means selling of risk assets by smart money in exchange for USD, so they can profit from Dollar strength and high interest rates even when markets are going down, like a safe haven. It is estimated that at least 2 more rate hikes are priced in. If the Fed doesn't hike interest rates before recession it would be disastrous for the economy, it's unfortunate for most of the population but it's tough medicine. I expect continuation of the uptrend until the fundamental situation changes, which should happen sometime in 2023, possibly at the end of Q1, a year before the Bitcoin halving also. I expect DXY to break the Lower High at 121 and top out at 132, at the Golden Ratio of the previous swing impulse and the -0.272 Fibonacci extension. If you appreciate my analysis, don't forget to like this post and follow my page. Share your thoughts in the comments. Thank you
TVC:DXYLong
by sergiodef
2