USDJPY | New perspectiveSince the beginning of the month, price action has continued to respect the bullish trend line identified in the 4H timeframe and we are hoping to catch one last bullish move if it finally happens. A significant breakout of key levels during the course of yesterday's trading session could probably be a signal for a trend continuation in the nearest future as long as the price does not break down the bullish trendline.
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Fibonacci Extension
SOLUSDT is testing the 100$ as supportThe price is creating a descending channel after a breakout from the dynamic support on 115$
The price is testing the 100$ support eight now but we could see a new bearish impulse soon
How to approach?
IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, 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 🦐
KNC Volume DivergenceKNC is in an uptrend since January while almost all other crypto are in a bear trend.
Last 3 days is struggling to break its previous high at $4.25.
That's what i'm concerned is the volume. It is declining both it the daily and weekly while price is continue to raise.
A rejection is expected in this resistance $4.25 or around 161.8% Fibonacci extension.
If you intend to go long it's not a good idea to open your positions now; it's better to wait a clean break and flip of $4.25 before make your actions.
If this level doesn't break, the retracement may be as low as 50% or 38.2% Fibonacci levels.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
CHFEUR rising wedgeThe price has formed a rising wedge. We are expecting the price to break into the downside. We are looking for a retracement to a 50% Fibonacci extension.
The price is bouncing off the top of the Bollinger band, which is a good indicator for us that the price will break out to the downside.
Target: 0,959
Entry: 0,987
S&l: 0,998
Tight compress, sturdy explodeOn 1H TF
BINANCE:GLMRUSDT has been happening the correction wave. It's nearly done with support at 3.4, perhaps.
And we also have a invalidation level below 3.0; that level is very important.
Right now, GLMR is moving up to 4.5 before it can break to further.
GLMR might be at 7.0 and further at 10.8. Both level are a golden ratio of impulse wave at 3.4
Wait and see
[Bitcoin] 37k-34k-25k-12k??#Crack #Bitcoin #Binance #Daily
- Even the $41.5k support failed and the green mid-trend line support also failed.
- Since the support area at $37k-$37.7k overlaps with the lower end of the orange bullish channel, the area $37k-$37.7k appears to be an important support area.
- If the $37k support fails, you can expect support in the $34.2k-$34.6k area, which is the lower part of the very large blue bullish trend.
- If you look at the orange bullish trend channel and the previous bearish trend, a bear flag pattern is being created. If a bearish breakout of the orange bullish trend channel appears and even the $34.2k support fails, a big bearish trend is highly likely.
- The basic pattern target price of the bear flag pattern is confirmed to be between $25.8k and $12.1k.
- It is not accurate, but it is known that the average Bitcoin price of major institutions’ position is between $28k and $32k. Therefore, the $34.2k-$34.6k support area is expected to be solid, but if the 34k support fails, the possibility of a bearish trend towards the $25.8k-$12.1k level should always be kept in mind.
BTCUSDt is testing the 0.618 Fibonacci Level On the upper chart, the price got a rejection from the monthly resistance on 48100$ and now the price is testing the previous weekly resistance as new support on 0.618 Fibonacci level.
On the 4h timeframe, the price is testing the 0.886 Fibonacci level after a rejection from the 0.618 Fibonacci level
How to approach?
the price needs to hold that level and the next 4h support on 41600-41500.
If the price is going to lose the support, the next valid support is 40k.
Otherwise, if the price is going to have a breakout from the 43700, we could see a retest on the upper dynamic resistance.
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 🦐
Will Bitcoin Break our .618 Fibonacci Retracement Support Level?Traders,
In this video, I tackle the big question of the hour, "When will the bleeding stop?" To answer that question, we have to look closely at our fib retracement level and where I want to see us close by Wednesday afternoon.
- Stew
⛓️ 🔗 Useful Links 🔗 ⛓️
(see 'Link to Related Ideas' below)
[Bitcoin] End up with 41.9k?? Where are you heading?#Crack #Bitcoin #Binance #Daily
- After the last briefing, the $44.2k-$44.5k support failed and Bitcoin reached the $41.5k-$41.9k support area.
- The $41.5k-$41.9k support area is an inflection section of the large VP area from Jan. 22 to Mar. 22, and it is important to see if this area is supported or not.
- If the support is successful and Bitcoin rebounds, we can expect a Bullish trend to breakout the $44.2k-$44.5k resistance again.
- However, the $44.2k-$44.5k resistance area served as strong resistance in the previous large VP movement, and the resistance of the sky blue high-trend line also overlaps, so we should continue to keep in mind the bearish trend before Bitcoin breaks out $44.2k~$44.5k with bullish trend.
- If the $41.5k-$41.9k support fails, we should remain open to the possibility of a decline towards the $37k-$37.7k lower end of the orange uptrend channel.
- However, if the support of the green mid trend line created during the formation of large VP is strong, even if the $41.5k-$41.9k support fails, there is a possibility that the decline to $37k-$37.7k will be stopped.
Again and Again, up to 756%On daily chart
After surged and created new ATH at nearly 64, BINANCE:WAVESUSDT has been pulling back to 17, perhaps. That level is 0.618 FIB of previous impulse wave.
Right now, WAVES is swinging at 22. A good buying zone in range 22 - 17.
WAVES might be at 144 if it can break ATH.
Wait and see
4/10/22 GDXVanEck Gold Miners ETF ( AMEX:GDX )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $39.67
Breakout price: $39.80
Buy Zone (Top/Bottom Range): $38.70-$36.40
Price Target: $44.90-$45.80 (2nd)
Estimated Duration to Target: 100-107d (2nd)
Contract of Interest: $GDX 9/16/22 40c
Trade price as of publish date: $3.75/contract
4/10/22 KRKroger Company (The) ( NYSE:KR )
Sector: Retail Trade (Food Retail)
Market Capitalization: 44.606B
Current Price: $61.67
Breakout price (hold above): $62.55
Buy Zone (Top/Bottom Range): $59.10-$54.90
Price Target: $59.10-$54.90
Estimated Duration to Target: 190-200d
Contract of Interest: $KR 10/21/22 4.75c
Trade price as of publish date: $4.75/contract
4/10/22 ORealty Income Corporation ( NYSE:O )
Sector: Finance (Real Estate Investment Trusts)
Market Capitalization: 43.145B
Current Price: $72.16
Breakout price (hold above): $72.45
Buy Zone (Top/Bottom Range): $70.90-$69.20
Price Target: $76.80-$77.90
Estimated Duration to Target: 76-80d
Contract of Interest: $O 6/17/22 72.5c
Trade price as of publish date: $2.15/contract
Bullmarket Supportband | Weekly close below?- Uptrend got rejected on the FIB 0.382
- Price is below the Bullmarket-supportband on the weekly timeframe
- Price is below 2021 lower trendline
- Expected support in case of further downside FIB 0.236, next support could be the lower trendline created by the C-19 crash
+ Weekly close above the Bullmarket Supportband would invalidate my scenario. Fingers crossed!
This is an article, not financial advice, always do your own research!
SPECULATION FOR THE NEXT SCENARIO ON AVAXUSDT DAILY -WHAT ABOUT?Technical analysis regarding the price of AVALANCHE in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
PRICE STRUCTURE WITH TARGET PROJECTIONS FOR DAILY CVXUSDTTechnical analysis regarding the price of CONVEX FINANCE in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏