LUNAUSDT time for the retracement?The price created a new ATH as I said on the previous analysis and now got a rejection from 1.27 Fibonacci Ext on 120$
The price is testing the new daily support.
How to approach?
The price could have a retracement after the latest bullrun, and retest the 0.5 Fibonacci level or 0.618 on 80$.
so IF and only IF the price is going to lose the support and had a breakout from the rising wedge, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Fibonacci Extension
btc to the moonOn the weekly frame and in the long term, we notice that we are in the second corrective wave, and with the principle of rotation, the correction was complicated under the running flat pattern.
Based on this analysis, we expect that the end of the correction starts from 32668 to achieve great goals that may reach the limits of 220000.
THIS WILL LOOK UGLY!!! - I WISH THIS IS NOT THE SCENARIO (AGAIN)Hello Everyone!!!
The Idea of BTC to rebound from the Support Line is still there, but if the price action says otherwise, than what could we do??
Just simply react over it.
**BTC Idea**
Last time I update on this outlook, I was expecting BTC to rebound and re-test to around $44.000 from the Fibo Retracement 0,618. But, we got reject before we can reach that far. Fibo 0,5 seems to be the barrier for BTC having more gain at that time.
I'm gonna stick with this Bearish Wave Count from Elliot Wave Theory, and so far, we see a potential for BTC might be testing as low as $33.300, first because of the Support from the wick candle of 24th January. Then, if u using Fibo Extension from Sub-Wave 1 to Sub-Wave 2, then you can have potential target from Fibo Ext 1,00 and it's exactly the same level as the lowest of wick candle from 24th January.
I'm not saying it's a 100% guarantee happen, I have the alternative count and I wish I could share to you guys somehow. Perhaps YouTube channel with English Language would be a very good idea. Tell me your opinion in the comment section.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
God Bless and Cheers!!!
EURAUD GREAT BUY SETUPEURAUD recently broke out of the multi-range, rallied up to the monthly pivot, and bounced back to retest the broken resistance.
Bullish divergence on D1, inverted head and shoulder, and price rejection on broken support suggest an upcoming bullish wave targeting the monthly resistance.
ETH Help US find support!!ETH USD
Like the US 500, like the BITCOIN and like many other BIGs on the market, it is located in Zona Media Movile 100 (Yellow line).
The second Crypto by market cap also has support in the oblique trend line where we will probably meet liquidity in this area.
The Support is in the approximate price in the white circle and sees in the area.
1) SUPPORT $ 2'350
However, if it were to go down even more we would find a SUPPORT between 2) $ 1,500 and $ 2,000 we will find other interesting points of entry or accumulation.
The resistances are many
R1) $ 3400 and $ 4200 (a fairly high price range)
and obviously the all-time high
R2) near 5k.
What do you think, when will ETH and the whole market start again?
In what medium?
Will we break the resistances back towards 10k?
Leave a comment and your opinion.
Grow with us
LPI.sa
KCSUSDT is testing the weekly support. Reverse is coming?
We made more than 12% since my previous idea, now the price is testing the weekly dynamic support after a bearish impulse.
On the 4h timeframe, the price is testing the 0.5 Fibonacci level on the daily resistance
How to approach?
The price needs to have a new breakout from the daily and 4h resistance and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT is testing the 0.618 Fibonacci levelThe price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse.
At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin.
How to approach?
IF the price is going to have a new rejection from that area, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
LUNA short term reversal to upsideLUNA has seemingly bounced PERFECTLY off the 1.272 fib extension @ $85.
I now believe that we will be moving up continuing our upward trend.
I expect some turbulance around the 618 retracement @ $89.53 and 1.272 @ $94.61.
From this point, a reassessment can be made to determine LUNAs next move.
BTC tradeI am expecting an third touch of the rising channel which has been traded very respectfully.
Trade should be near ~ $37.3k - $37.8k.
Confluence for this trade:
- Bottom of the channel also a comfirmed 3 touch trendline
- Weekly, daily untapped.
- .786 Fibonacci (34.3k to 48.3k)
- .786 Fibonacci fan (low 33k to high 48.3k)
- .2618 Fibonacci extention.
- Fibonacci time.
- The value area low of the big range.
- 2 perfect pitchforks lining up on all the confluence.
This all is enough for me for an amazing trade.
Stoploss below key level at $36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k.
TP1: ~ 39.6K and moving stoploss to breakeven.
TP2: ~ 43K
TP3: ~ 45k.
4/24/22 XLUSPDR Select Sector Fund - Utilities ( AMEX:XLU )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $74.25
Breakout price: $77.20
Buy Zone (Top/Bottom Range): $74.05-$71.25
Price Target: $76.60-$77.30 (1st), $82.60-$84.10 (2nd)
Estimated Duration to Target: 24-25d (1st), 109-114d (2nd)
Contract of Interest: $XLU 5/20/22 75c, $XLU 12/16/22 75c
Trade price as of publish date: $1.72/contract, $4.50/contract
4/24/22 UNHUnitedHealth Group Inc. ( NYSE:UNH )
Sector: Health Services (Managed Health Care)
Market Capitalization: $490.152B
Current Price: $520.94
Breakout price: $536.25
Buy Zone (Top/Bottom Range): $529.50-$507.55
Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd)
Estimated Duration to Target: 29-31d (1st), 97-100d (2nd)
Contract of Interest: $UNH 5/20/22 520c, $UNH 9/16/22
Trade price as of publish date: $18.57/contract, $25.25/contract