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Fibonacci Retracement

USDJPY → Japan's central bank is about to raise ratesFX:USDJPY cannot continue its uptrend yet. Rumors about possible actions from the central bank of Japan will appear. The dollar in the meantime continues to rise.... 158.46 is a rather strong resistance formed by the bears, who continue to put pressure on the market. This week, we expect active actions from the Central Bank of Japan, namely - raising interest rates. In general, this phenomenon is quite rare, but it can support the currency pair very well. If the Japanese decide to take such actions, the currency pair may continue the correction from 0.5 - 0.7 fibo. Priority targets in this case may be the zones of interest at 153.24, 151.94. Resistance levels: 156.56, 157.22 Support levels: 155.1 Price fixing below 0.5 Fibo or below 155.95 may provoke aggressive selling. The decision on rates in Japan will take place on Friday, until then the price may be in consolidation.... Regards R. Linda!
Short
by RLinda
3
S&P ES Long setup target 6129 / Calls SPY target 605Fibonacci technical analysis : S&P 500 E-mini Futures CME_MINI:ES1! has already found support at the Fib level 78.6% (6020.50) of my Down Fib. Last Daily candle (Jan 17) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for ES1! to eventually go up to hit first target at Fib level 127.2% (6129.00). CME_MINI:ES1! – Target 1 at 127.2% (6129.00), Target 2 at 161.8% (6206.00) and Target 3 at 178.6 (6243.50) Stop loss slightly below the 61.8% retracement Fib level (5983.00). Option Traders : My SPY AMEX:SPY chart Down Fib shows price to go up to Target 1 at 127.2% (605), Target 2 at 161.8% (613) and Target 3 at 178.6 (616) Stop loss slightly below the 61.8% retracement Fib level (592).
CME_MINI:ES1!Long
by rose_excellence
Will Trump continue to increase Solana?Hi all, let's look at the 1W SOL to USDT chart, as you know there is a lot of confusion about Solana, because Trump announced that he is considering it for the US reserve. However, here we can see how the price is moving in a specific uptrend channel, in its upper limit which so far has not been able to be positively broken. Let's start by defining the targets for the near future that the price must face: T1 = 265 USD T2 = 291 USD T3 = 324 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 247 USD SL2 = 236 USD SL3 = 220 USD SL4 = 200 USD Looking at the STOCH indicator, we can see that we have bounced off the middle of the range, which has given rise to the current increases, and there is still room for the price to go higher, but considering that any event related to Trump can have a major impact on the market, one should be extremely careful.
COINBASE:SOLUSD
by cryptodailyuk
GOLD → bulls are aiming for ATH. The odds are high...FX:XAUUSD is in a rally phase aiming for ATH. Based on geopolitical data, we have a pretty good chance. The focus is on 2750. From this point the northbound train can continue its journey. Trump's policies are putting quite a bit of pressure on geopolitics due to creating trade problems for major nations like China, EU, Canada, BRICS countries. Chinese Vice Premier Ding Xuexian has warned of the negative effects of a trade war, which has further increased demand for safe havens like gold and the US dollar. Gold is also facing pressure because of the Fed, but the dollar correction is becoming another driver for the metal. Technically, the price is trying to consolidate above a rather important level. 2749. If the bulls manage to keep the defense above 2750, the metal may continue its growth in the short and medium term Resistance levels: 2759 Support levels: 2750, 2737, 2732 Emphasis on 2750. If the bulls keep this area under their control, the gold will go higher. But, I do not exclude a retest of 0.5 Fibo liquidity zone or 2732 before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Interesting Simetry in $AMZNStarting from the 5th of August 2024 every time NASDAQ:AMZN reaches an important Fibonacci level retraces around 7%, then moves higher. Once it reached 0.618, the Fibonacci level corrected by 6.86% in 5 days and then moved higher. We have another wave up followed by another correction this time 7.62% in 9 days. And again another wave up followed by a correction of 7.51% in 10 days to Fibonacci level 1 Once it reached 1.618 Fib level retraced to 1.382 Fib level Correcting 7.24% in 18 days this time.
NASDAQ:AMZN
by WavesInvesting
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher.... Resistance levels: 1.0448, 1.0607 Support levels: 1.033, 1.0222 Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions. Regards R. Linda!
Long
by RLinda
3
QQQ vs S&P500Today we are looking at a ratio chart from TradFi. We are plotting the ratio of Nasdaq100 vs S&P 500. Even if both charts observed separately tell us the same story. That we are in a bullish uptrend on the daily chart for the past 1 year. But the ratio chart clearly shows Nasdaq100 peaked out relative to S&P 500 on Aug 2024 just prior to the unravelling of Yen carry trade. Since then, the ratio has not broken to the upside and registered an ATH even if the tech stocks have been doing exceptionally well recently. The ratio of QQQ vs SPX is within a local uptrend but still within the upward sloping Fib Retracement level between 0 and 0.618. The tech heavy QQQ can and will claim leadership once we break out of the range in the upward sloping Fib retracement level and break above the 0.618 levels.
PEPPERSTONE:NAS100Long
by RabishankarBiswal
GOLD → A very strong uptrend may get its continuationFX:XAUUSD is rising due to high geopolitical and political risks. A strong bullish trend is forming, within which the price tests the strong resistance 2726 and draws a false break of the resistance... The rise is shaping up more on the back of Trump's threats on tariffs, adding to the risk-negative sentiment in the markets. Trump has proposed imposing tariffs on Mexico and Canada, as well as the EU and China, if a trade agreement is not reached. These threats are supporting demand for gold as a safe-haven asset. However, the strengthening dollar and expectations of Fed rate cuts are limiting further upside for gold. Trading in the coming days will depend on the general market atmosphere and Trump's tariff discussions. Technically, a false break of such a strong resistance could temporarily slow the growth and move the price into correction or consolidation, but there are nuances of technical... Resistance levels: 2721, 2726, 2761 Support levels: 2703, 2697, 2690 At the moment it is worth paying attention to 0.5 fibo (2717) and 0.7-0.79 fibo. These are quite strong and important liquidity zones that can stop the correction and bring gold back to the uptrend. A retest of the local high of 2726 - 2732 will hint at the readiness of the metal to go even higher. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
Boeing is ready for next leg up to $200On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month. After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus. Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike. If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now. Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI). Target Zones $198-200 Support Zones $165 $160
NYSE:BALong
by LGNDRY-Capital
1
Example of how to use the Trend-Based Fib Extension tool Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- There was a question about how to select the selection point when using the Trend-Based Fib Extension tool, so I will take the time to explain the method I use. Since it is my method, it may be different from your method. - Before that, I will explain the difference from the general Fibonacci retracement tool. The Fibonacci retracement tool uses the Fibonacci ratio as the ratio to be retracement within the selected range. Therefore, the low and high points are likely to be the selection points. The reason I say it is likely is because the lowest and highest points are different depending on which time frame chart it was drawn on. Therefore, in order to use a chart tool that specifies a selection point like this, you must basically understand the arrangement of candles. If you understand the arrangement of candles, you can draw the support and resistance points that make up it and determine the importance of those support and resistance points. The HA-MS indicator that I am using is a more objective version of this. Unlike the published HA-MS indicator, several have been added. I do not plan to disclose the formulas of these added indicators yet. However, if you share my ideas, you can use them normally at any time. The selection point for using the current Fibonacci retracement tool is the point that the fingers are pointing to. In other words, the 1st finger is the low point, and the 2nd finger is the high point. One question may arise here. Why is it the position of the 1st finger? The reason is that it is the starting point of the current wave. Therefore, you can find out the retracement ratio in the current rising wave. In fact, it is not recommended to use the Fibonacci ratio as support and resistance. This is because it is better to use the Fibonacci ratio to check how much wave is being reached and how much movement is being shown in chart analysis. However, the Fibonacci ratio can be usefully used when the ATH or ATL is updated. - If the Fibonacci Retracement tool was a chart tool that found out the retracement ratio in the current wave, the Trend-Based Fib Extension tool can be said to be a chart tool that found out the extension ratio of the wave. Therefore, while the Fibonacci Retracement tool requires you to specify two selection points, the Trend-Based Fib Extension tool requires you to specify three selection points. That's how important it is to understand the arrangement of the candles. The chart above is an example of drawing to find out the extension ratio of an uptrend The chart above is an example of drawing to find out the extension ratio of a downtrend Do you understand how the selection points are specified by looking at the example chart? - The chart above is the chart when the 1st finger point is selected. The chart above is the chart when the 1-1 hand point is selected. When drawing on a lower time frame chart, you should be careful about which point to select when the arrangement of the candles is ambiguous. Examples include the 1st finger and the 1-1 finger. It may be difficult to select 1-1 and 1 depending on whether they are interpreted as small waves or not. The lower the time frame chart, the more difficult this selection becomes. Therefore, it is recommended to draw on a higher time frame chart if possible. The reason is that the Fibonacci ratio is a chart tool used to analyze charts. In other words, it is not drawn for trading. In order to trade, you trade based on whether there is support or resistance at the support and resistance points drawn on the 1M, 1W, and 1D charts. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
BITSTAMP:BTCUSDEducation
by readCrypto
10
Will ETH take the direction of growth?Hi everyone, let's look at the 1D ETH to USDT chart, in this situation we can see how the price is moving in a downtrend channel, currently there is no indication of which direction it will go. Let's start by defining the targets for the near future that the price has to face: T1 = 3357 USD T2 = 3502 USD Т3 = 3600 USD Т4 = 3729 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 3211 USD SL2 = 3016 USD SL3 = 2877 USD SL4 = 2704 USD If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
INDEX:ETHUSD
by cryptodailyuk
Total2 Market Cap vs BTC Market CapToday we are looking at ratio charts. We plot the ratio of Total 2 Market Cap (Total Crypto Market Cap excluding BTC) to BTC Market CAP. This ratio chart is making new lower highs this BTC Halving cycle. There seems to be no bounce from the lows and Alt coin season seems to be elusive. As we move towards the end of the halving cycle there is very little time left for this Alt season. To reach the previous cycle highs of 1.5 in the chart the Alt Coins have to more than double from here and BTC must remain at this price for the rest of the cycle. For this the total Crypto market cap must reach almost 5 trillion USD, which remains unlikely. A better estimate will be the ratio of Total 2 Market Cap vs BTC Market Cap ratio reaches 1.09 which will be 0.618 Fib retracement level. This 0.618 fib retracement repeats in many instances. The same is true for BTC.D. What do you think?
CRYPTOCAP:TOTAL2
by RabishankarBiswal
Today's Market Overview and for Tomorrow Today's Market Overview: General Trend: The market seems to be consolidating after breaking key structural levels (BOS and CHoCH). The price is hovering near resistance zones (Premium and EQH) and shows potential for a move toward lower support zones (Discount and Equilibrium). Key Support and Resistance Levels: Support Zones (Fibonacci Levels): The range of $2,690 to $2,684 serves as a critical support area. Resistance Zones: The area around $2,718 to $2,725 acts as a strong resistance zone, likely to impede further upward movement. Scenarios for Tomorrow (January 21, 2025): If the price breaks above the $2,718 level and sustains, it may target the next resistance at $2,725 or higher. If the price drops below $2,698, it could retest the support zone between $2,690 and $2,684. Fibonacci Insights: Key Retracement Levels: Based on the chart, critical Fibonacci retracement levels seem to align near $2,705 (0.382) and $2,690 (0.618), making these levels important for potential reversals. Recommendations for Tomorrow: For Bullish Traders: Wait for the price to stabilize above $2,718 and look for buy (long) opportunities targeting $2,725 or beyond. For Bearish Traders: If the price breaks below $2,698, short positions targeting the $2,684 support zone could be profitable.
SAXO:XAUUSD
by hesamdrgym
Airtel Vs (TTML, MTNL, IDEA) - Pre-Rally Vs Post-RallyHere’s an assertive revision of your content: --- **Why Airtel Dragged While TTML, MTNL, and IDEA Blasted?** The government’s consideration of waiving 50% interest and 100% penalties on AGR dues created a buzz, and certain "gurus" began hyping a potential rally in **Bharti Airtel**, a fundamentally strong telecom stock compared to **TTML**, **MTNL**, and **Vodafone Idea**. **But the market did the exact opposite.** TTML (+16.5%), MTNL (+10.5%), and IDEA (+9.11%) soared, while Airtel struggled below 1%. The question is **why?** **The Answer: The Importance of Technical Structures, Supports, and Resistances.** Market participants often assume that fundamentals drive prices. This is the **biggest myth.** Fundamentals (valuations, PE ratios, book value, order books, quarterly results) can create momentum but never dictate its **direction.** Supports and resistances are the **primary drivers** of price movement. Relying solely on fundamentals is like pressing the accelerator while trying to reverse park—damages are inevitable. Now, let’s review the technical factors behind the explosive moves in TTML, MTNL, and IDEA compared to Airtel’s stagnation. --- ### **TTML** On the **monthly chart**, TTML formed a **bullish flag pattern**, breaking out in **July 2024**. However, the lack of momentum in the telecom sector kept it range-bound until now. **Key Points:** 1. A **77% correction** from its all-time high (ATH) formed the flag. 2. Sideways consolidation since March 2024 created a **strong base**. 3. This base aligned with the **Fib 0.618 retracement** from the previous high. TTML was primed for a move. The AGR news provided the necessary trigger, leading to the much-anticipated breakout. --- ### **MTNL** The **monthly chart** of MTNL shows a **multi-decade bullish inverted head and shoulders pattern**. After breaking out, the stock faced resistance at ₹103 and retraced **58.5%**, aligning perfectly with the breakout zone and the **Fib 0.618 retracement level.** **Why the Rally?** MTNL’s bounce was overdue, and the AGR news acted as a catalyst, triggering the massive move. --- ### **IDEA** Vodafone Idea, the weakest of the group, also surged 10% (hitting an intraday high of 15% before closing at 9.11%). Despite its struggles, IDEA displayed critical technical alignments: 1. A **65.54% correction** from its previous high. 2. Support at the **Fib 0.786 retracement** level. 3. A bounce from the **bottom of a rising parallel channel**. Though IDEA lacked the fundamental strength of TTML and MTNL, it still rallied due to the technical setup. --- ### **Bharti Airtel: Why Didn’t It Rally?** **Quarterly Chart** (Right): 1. Airtel has been traveling within a **multi-decade parallel channel**. 2. After consolidating for 13 years, it broke out in **October 2018**, delivering **613% returns** since then. 3. The stock reached an **extended Fibonacci target (Fib 2.618)**—an exhaustion zone. **Weekly Chart** (Left): 1. Airtel corrected only **15%** from its ATH. 2. It is still in a **lower high-lower low (LH-LL)** bearish formation. 3. The price was at a critical juncture of **two resistances**: - The **falling trendline** from ATH. - A **weekly resistance** at ₹1640. **Verdict:** Airtel had already rallied significantly before the news and was in an exhaustion phase. Strong resistances at current levels obstructed its movement. --- ### **Key Takeaways:** - TTML, MTNL, and IDEA rallied because they **completed major corrections, formed strong bases, and awaited a trigger.** - Airtel, having already rallied, was in a consolidation phase with significant resistance levels. **Conclusion:** Blindly trading based on news or fundamentals without considering technicals is a recipe for disaster. Fundamentals may create momentum, but the **direction** is always governed by supports and resistances. A sector-wide news event will not trigger the same momentum across all stocks unless their **technical structures** align. Always combine fundamentals with technical analysis for informed decision-making. **Disclaimer:** With over **3 years of teaching experience** in the stock market, including **Technical Analysis**, **Behavioral Analysis**, **Advanced Patterns**, **Emotional Management**, and **News-based Trading**, we are dedicated to educating, not advising on buy/sell decisions. We are **NOT SEBI Registered** and do not provide specific **Buy/Sell recommendations or calls**. Our primary goal is to deliver **detailed analysis** on how to review charts and offer multi-timeframe perspectives purely for **educational purposes**. We strongly recommend that our followers **"Learn to Ride the Tide, Regardless of Its Side."** **Important:** Always consult with a **financial advisor** before making any investment decisions. If you appreciate our detailed analysis, we encourage you to **rate, like, boost, and share your feedback**. **- Team Stocks-n-Trends**
NSE:BHARTIARTL
by Stocks-n-Trends
GOLD → A change in fundamental background. Strong resistanceFX:XAUUSD faces strong resistance at 2721 and enters correction phase, which also coincides with the change of fundamental background and economic data Weakening geopolitical tensions in the Middle East have reduced demand for safe-haven assets such as gold, the US dollar and US bonds. In addition, expectations of stimulus measures from China improved market sentiment. Despite this, the downward trend for gold may remain limited due to Trump's rather risky policies and expectations of two Fed interest rate cuts later this year. Overall, gold prices are likely to be volatile in the short term due to holiday market conditions and Trump's upcoming executive orders. Technically, the price is inside a symmetrical triangle, which in turn is located inside an ascending channel. If the resistance is not broken, pressure will be applied to the support.... Resistance levels: 2713, 2717, 2721 Support levels: 2702, 2697, 2690 A retest of 2702 will increase the chances of support breakdown and further fall. It can happen after the resistance retest. I do not exclude a false breakdown of one of the mentioned resistance levels before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
BTCUSD | 1D SMC Short Setup with Refined SL and TargetsDescription: This analysis identifies a high-probability short opportunity for BTCUSD on the 1D timeframe using the Smart Money Concepts (SMC) framework. The chart shows clear bearish confluences, including market structure, supply zones, liquidity levels, and Fibonacci retracement zones. I believe the current bullish momentum is merely a manipulation driven by inflation news and the upcoming Trump inauguration. Following these events, I anticipate a significant market correction. Here’s the detailed breakdown and trade plan: Analysis: Market Structure: Break of Structure (BOS): Price has confirmed a bearish trend with BOS to the downside, signaling a continuation of lower highs and lower lows. Trendline Resistance: A well-defined downward trendline indicates selling pressure, reinforcing the bearish bias. Key Zones and Liquidity: Supply Zone: Highlighted in purple at $102,000-$104,000 . This zone represents an area where strong selling previously occurred, creating an imbalance. Golden Zone (Fibonacci Retracement): Located around $101,000-$103,000 , this area aligns with the 61.8%-78.6% retracement levels and offers a high-probability reversal opportunity. Weak High: The high near $104,000 represents untapped liquidity, which smart money may target for a liquidity grab before reversing lower. Equal Lows (EQL): Around $92,000 , these act as a bearish target where liquidity rests, aligning with the continuation of the bearish trend. Confluences for Short Entry: Price is approaching the supply zone and Fibonacci Golden Zone , indicating a potential reversal point. The weak high may trigger a liquidity grab to entice buyers before sellers regain control. Previous BOS and trendline resistance add further validation to the bearish bias. Trade Plan: Short Entry Setup: Entry Zone: $102,000-$104,000 (inside the supply zone and Golden Zone). Stop Loss (SL): $105,500 (above the supply zone and imbalance to account for liquidity grabs). Take Profit Levels: TP1: $97,000 – Close partial profits at this imbalance mitigation level. TP2: $92,000 – Target the equal lows and resting liquidity. TP3: $88,000 – Final target near the blue demand zone for maximum reward. Risk-Reward Ratio: With the entry at $103,000 (midpoint of supply), SL at $105,500, and TP at $92,000, the trade offers a 1:4 RR or better, depending on execution and scaling. Additional Notes: Monitor the price action closely as BTC approaches the supply zone for confirmation, such as bearish candlestick patterns or lower timeframe CHoCH (Change of Character). Scaling into the trade in smaller portions across the supply zone can improve overall entry precision. Adjust stop loss or take profit levels as market conditions evolve
Short
by AdasX
2
GOLD 30m CHART ROUTE MAP & TRADING PLAN FOR DAILYGold (XAU/USD) Outlook for the Upcoming Week: The outlook for XAU/USD in the coming week depends on a combination of technical, fundamental, and economic factors, including the Federal Reserve's policy, economic data, and the strength of the U.S. dollar. Here's an analysis based on the provided chart: Technical Analysis: Overall Trend: The chart shows a medium-term uptrend, with higher highs and higher lows forming. A small pullback is observed toward the end of the chart, which could potentially act as a retracement before resuming the uptrend. Key Levels: Support Levels: $2,700 is the nearest support level. A deeper support is located at $2,685. Resistance Levels: Immediate resistance lies between $2,715 and $2,720. A breakout above this zone could push prices toward $2,735. Indicators (if applicable): Indicators such as RSI or MACD (not shown in the chart) can confirm whether gold is in overbought or oversold territory. If RSI is above 70, it might suggest selling pressure could emerge soon. Fundamental Analysis: U.S. Economic Data: Key economic releases, such as inflation data (CPI) or employment reports, could influence the dollar. Weak U.S. data typically supports gold prices. Federal Reserve Policy: Any dovish signals from the Fed, such as reluctance to raise interest rates further, would be bullish for gold as a non-yielding asset. Geopolitical Risks: Heightened geopolitical tensions could increase demand for gold as a safe-haven asset. Forecast for the Week: If prices hold above the $2,700 support level and break the $2,720 resistance, a continuation of the uptrend is likely. Failure to hold $2,700 could lead to a decline toward $2,685 or even $2,665.
SAXO:XAUUSD
by hesamdrgym
Will BTC continue its uptrend?Hi all, let's look at the 1D BTC to USDT chart, in this situation we can see how the price has broken out of the downtrend line and currently we can see how we are struggling to move towards the recent ATH at $108700. Let's start by defining the targets for the near future that the price must face: T1 = 106275 USD T2 = 108476 USD Т3 = 112839 USD Т4 = 115756 USD Т5 = 118876 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 102746 USD SL2 = 100744 USD SL3 = 99094 USD SL4 = 97479 USD SL5 = 95161 USD It is worth taking a look at the MACD indicator, which shows that we have entered an uptrend again, and here we have a visible place for this trend to continue. Additionally, on the SMAs 20 and 50 we can see how we are getting closer to returning to a strong uptrend.
COINBASE:BTCUSD
by cryptodailyuk
Alikze »» LINK| Bullish Wave 3 or C Scenario🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1D 📣 BINANCE:LINKUSDT currency on the daily timeframe touched its targets in accordance with the analysis presented earlier, the scenario of the first of 3 bullish waves. 🟢 Chainlink touched its target after breaking out of the short-term descending channel. 🟢 It is currently in the supply zone on the daily and weekly timeframes. 💎Given the bullish momentum, this bullish leg, after breaking the supply zone, will have the ability to grow to the large supply zone of $60-$100. 💎In the first step after breaking the supply zone, the target will be $38 and $55. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
4
MKR/USDT 1D chart - accumulationHello everyone, let's look at the 1D MKR to USDT chart, in this situation we can see how the price is moving in a channel where it is currently struggling to choose the direction of further movement. Let's start, however, by defining the goals for the near future that the price must face: T1 = $1,533 T2 = $1,703 Т3 = 1997$ Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1,301 SL2 = $1150 SL3 = $1008 When we look at the RSI indicator and the MACD indicator, we can see that we are moving at the bottom of the range, which may indicate an upcoming trend change, in this situation, after such accumulation, we should see price increases again.
Long
by cryptodailyuk
ZEN Trade Setup: Ride the Wave to +50% ProfitAfter a strong bullish impulse, ZEN completed a 5-wave structure resulting in a +72% price increase and successfully took out a key high. This marked a potential short trade opportunity at the key resistance level. Subsequently, the price retraced significantly, forming a pullback into the golden pocket (0.618–0.65 Fibonacci retracement), a high-probability buying zone. This corrective move also completed a 5-wave structure to the downside, providing a favorable long trade opportunity with a compelling Risk-to-Reward (R:R) ratio of 3:1. The target for this long trade is the 0.618 Fibonacci retracement level of the entire impulse wave at $35.86, representing a potential upside of nearly 50%. Additionally, the negative 0.234 Fibonacci level at $35.98 aligns closely with this target, creating a good confluence zone. Key Levels: Entry Zone: $23–$25 Primary Target: $35.86 (0.618 Fibonacci retracement) Confluence Level: $35.98 (Negative 0.234 Fibonacci extension) Stop-Loss: Below the low of $21 for downside risk mitigation, DCA
Long
by SiDec