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Fibonacci Extension

LRCUSDT the price is testing the 4h supportThe price created a triple bottom on the monthly support of 0.62$ where the market found liquidity for a new bullish impulse. On the daily timeframe, the price got a rejection from the 0.5 Fibonacci level exactly on 1.37$. pon the 4h timeframe the price created an M pattern with the double top on 1.37$ and the market lost the weekly support How to approach? The price is going to test the M's neckline as new resistance. IF and only IF the price is going to lose the daily and 4h support (1.09$) and retest it as new resistance, According to Plancton's strategy , we can set a nice order. The next valid support could be the monthly support of 0.89$ and 0.618 Fibonacci level ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
[Bitcoin] Doesn't know which way to go#Crack #Bitcoin #Binance #Daily - Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend. - The $41.5k-$41.9k resistance seem very strong. - The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support. - Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation. - Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.
by Tommy_Trader
3
DXYWe completed 5 waves up in an impulsive count from the $89.60 lows. The 3rd wave subdivides nicely into 5 sub waves & also gets blocked at the 1.618% fib extension which is a classic wave 3 extension in a bull market. Then W4 holds above the 1.618% fib level and flips that into support B4 running to the 2.618% fib level which is an inverted wave 3 extension. Now all this EW analysis points the top is now in. But that said I could see wave 5 being parabolic and even running to $104.50 which is the 3.618 fib extension level. Only time will tell but the move looks exhausted IMO.
TVC:DXY
by Big_Mike716
1
BTCUSDT wants to retest the 0.382 Fibonacci LevelThe price bounced on the daily support on 39800 As I Told you in the previous analysis and now the price wants to retest the 0.382 Fibonacci level on the weekly resistance on 42k On the 4h timeframe, the price has a supply zone on 42300 How to approach? IF the price is going to retest the 42k and got a rejection, we can apply our rules for a new short position. The scenario is invalidated above the 43k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
13
FIL (Filecoin)FIL attempting a trend change once again, given how every past attempt yielded (apparently YOLD is also a past tense of yield, lol) +20% in either direction, FIL is a great coin to trade. Grey channel you see on the chart is just an S/R, where I expect FIL to launch towards the daily Resistance, and after arc back towards the grey S/R. I'm waiting for a confirmation on lower timeframes, FIL will likely head into the grey S/R, pullback (to something like 21-21.5) and then launch. Pullback being the key confirmation I'm waiting on. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ BINANCE:FILUSDT BINANCE:FILUSDTPERP BYBIT:FILUSDT FTX:FILPERP OKEX:FILUSDT
by WhoIsWu
GOLD - EW main count !! LongHello trader, good mood and profitable deals! 💲 GOLD 2 hour chart EW - Analysis This is my Elliot Wave main count!! EMA 10 - 13 - 20 and EMA50 in red are also geared towards EW. EMA50 serves as a strong support. This should hold otherwise we should prepare for a stronger bullback or trend change! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
GLong
by TR7z
2
Silver - Doubletop and Fibo trade !!Hello trader, good mood and profitable deals! 💲 Silver 1D chart double top Fibonacci SMA EMA200 Silver stoped the downside with a nice Doubletop at 21,429 and the IMO is supported by the SMA and EMA200. The first goal is around 29 (The goal of the double top) EMA 200 or corrections in LTF can be used as entries. The goals can be seen in the chart !! Even if I favor an upward movement, we could also go sideways. This is possible from 3 points, confirmed from 5! SL is below the current low. I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
TVC:SILVERLong
by TR7z