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Fibonacci Retracement

BITCOIN → Why didn't we go above 70K? The reason for the drop...BINANCE:BTCUSD has been in consolidation for 5 months. The price makes another retest of the 70K resistance, but due to several reasons failed to pass this area. A correction inside the FLAG is forming From 70K resistance another correction to 64K has started. The reason for this is strong bullish sentiment after the US allowed bitcoin as a reserve asset. There is also a lot of attention to BTC because of the presidential race. Accordingly, the Market Maker eliminates the positive crowd (the price always goes against the crowd). And whales start buying the asset at cheaper prices. On Friday, the NFP report and unemployment (up 4.0% to 4.3%) influenced the price drop. Rising unemployment + rising inflation had a negative impact on the markets. It is too early to buy, we should wait for the slowdown of the movement and stronger data. Resistance levels: MA-50, 63250, 68570 Support levels: MA-200, 59300, 56500 Technically, the price is testing MA-200 and is squeezed above MA-50. If MA-200 fails to hold the price, bitcoin may go down to the lower boundary of the FLAG before a buyer can take over the situation. BUT, if the bulls hold MA-200 as support and manage to consolidate above 63300, a rise may be waiting. Overall, the fundamental background is very positive, but local economic data has a negative impact on the markets. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
134
Gold rebounds to resistance zone and continues to sellGold market fundamentals: Yesterday's CPI data adjusted the market's expectations for the Fed's September rate cut, from 50 basis points to 25 basis points (bad for gold) The ceasefire negotiations between Israel and Hamas will be held in Doha, which will have an important impact on the situation in the Middle East (bad for gold) Although the Ukrainian army's advance to the Kursk region of Russia was counterattacked by the Russian army, the complexity of this situation has increased market concerns about security (good for gold) Gold market technical aspects: Referring to the Fibonacci retracement of yesterday's decline, 0.5 is 2459, 0.618 is 2464, today we can sell around two retracement levels Trading strategy: The multiple US data just released are bad for gold. Combined with the above factors, we mainly short today, in the retracement range of 2459-2459 Support range: 2440, 2430 Resistance range: 2476-historical high
OANDA:XAUUSDShort
by AntonyTP
EURUSD → Attempting to change the global trend.... FX:EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase.... False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish. Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun. Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo. Resistance levels: 1.0916, 1. 095 Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart. Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;) Regards R. Linda!
Long
by RLinda
3
Gold SellAs we were watching gold very closely and it has broken down its bullish channel and also its global Resistance became Support lately now it has become support become resistance , we have also exprienced heavy news day today and seems like gold has decided it direction as we have seen a Bearish Momentum candle which has broken the support below now we are waiting for a proper price action as retest is almost complete over gold and we will be Bearish again for next week in gold so fingers crossed lets wait and watch
OANDA:XAUUSDShort
by Wakeel_Saab
1
$PFE | Allocation/Buy Trade | Market Exec |Technical Confluences: - Price is in Oversold Conditions in D1 timeframe - Price action bouncing off 150% Fibo Extension - Price is trying to go back above the Interest Zone to give some bullish momentum to the stock Fundamental Confluences: -Regardless how bad the negative rumours are ongoing about the side-effects from Pfizer; they are still considered a strong market leader in the Pharma industry - They had a good response on a testing of their recent respiratory drug - Value? ---- Health sector in your Portfolio will never be wrong with the global aging population. I am putting this trade on as either into my Long-Term Portfolio or Swing trade for $PFE. Depending on how market develops, I may decide to hold this bag and allocate more into it at the 178% Fibo Extension levels or cut my Buy position as shown. -----
NYSE:PFELong
by weekendanalyst
$EURUSD | Sell Trade H4 | Execution | Technical Confluences: - Stochastics just reversed off Overbought conditions in H4 - Price bounced off 123% Fibo Extension levels which coincides with a Supply Zone from before and also the top of a small Parallel Channel - Looking at it move towards at least the lower end of the Parallel Channel Fundamental Confluences: - With so much of rate cut hype priced into the markets, it seems that market will start to consolidate and start profit taking. - There are a few speakers who came out to say they don't seem to be in a rush to cut like what the market expect. ----- Taking my 1st position for this FX:EURUSD sellb trade. Targeted trade entry and stops can be seen in the highlighted zone. Blue for Profit Target and Orange for Stop Loss Target. Risk/Reward ratio of 2.1. DYOR. -----
Short
by weekendanalyst
ETH/USDT 4H chartHello everyone, I would like to invite you to a quick review of ETH/USDT, taking into account the 4-hour interval. As you can see, the price, despite the nice rebound, still remains below the downward trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204. Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
by cryptodailyuk
1
GOLD → ATH retest before CPI. What should we expect?FX:XAUUSD is defending the psychological level and support zone at 2450 and testing key resistance at 2477 for a breakout, ahead of 2483. All eyes are on key US CPI inflation data Traders are still expecting a softer CPI report after a larger than expected decline in PPI data released yesterday. A softer CPI figure may confirm forecasts of an aggressive Fed rate cut, which will intensify the USD sell-off. This situation may trigger a northward movement in gold (strengthening the price) In addition, the price of gold continues to find support in the geopolitical tensions in the Middle East, the situation is still heated to the limit. Technically, the price continues to head towards 2477-2483. Retests of resistance for a breakout of the level continue. Resistance levels: 2477, 2483, 2500 Support levels: 2458, 2450 On high news volatility, the price may form a quick breakout and rally or long-squeeze before rising further. BUT, unpredictable news may break the market structure, in which case the price may head beyond 2450. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
GOLD → Pullback from 2477. What's next? News ahead... FX:XAUUSD strengthens to an interim high and hits strong resistance at 2477.5. Gold is not ready to break the boundary yet and is forming a pullback ahead of the news - PPI to be released at 12:30 GMT. Fundamentally, traders are still watching the situation in the Middle East as there are rumors of different nature every day. If the conflict escalates, it will only increase the interest in the metal. Also, traders are waiting for PPI (one of the key inflation reports) as well as CPI (to be published on Wednesday) to determine if the US Federal Reserve is preparing a significant interest rate hike after the weak employment report. Technically, 2477 and 2458 are worth watching. If price starts to return to resistance and consolidate near the level, then a breakout is worth waiting for. But a break of support at 2458 will send the price down to the zone of interest before a possible rise. Resistance levels: 2477, 2483 Support levels: 2458, 2450, 2439 Key focus on news and market fundamentals that could set a medium-term tone for the dollar and gold. But, technically gold is strongly bullish... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
ETHEREUM → A train can become a rocket. Key zone 2700 - 2800 ↑The market is buying back BINANCE:ETHUSDT after a big fall due to fear. Bulls kept the price below 2000 and now they are trying to keep it above 2500. The overall bullish backdrop is still in place..... A very promising technical situation is forming on W1. If the price returns to the global sideways range, we will have good prerequisites for a rise to 4000 - 4800. Fundamentally, everything is the same, the general background is bullish. The liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure. The key stations are the 2717 - 2817 area. If the bulls can overcome this resistance and consolidate above, thus forming a strong support area and an intermediate bottom, then the market will have an important and promising liquidity target above 4000. Support levels: 2518, 2425, 2400 Resistance levels: 2717, 2817 The whales continue to buy the asset after a strong fall, despite the fact that the chart looks bearish, there are key prerequisites indicating that the big players are still bullish. The focus is on the key resistance at 2717. After Friday's test and pullback, the price is back to the level, which increases the chances of a breakout. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Long
by RLinda
8
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
2
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
OANDA:XAUUSDLong
by sabellaFX
XAUUSD: Risk aversion heats up, continues to be bullishGold Market Fundamentals: Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to geopolitical risks has increased gold’s appeal as a safe-haven asset. The market now sees a 49% chance of a 50 basis point rate cut by the Fed in September. Falling U.S. Treasury yields are also supporting gold prices. Gold Market Technicals: Technically, the uptrend remains strong. After yesterday's rapid price increase, gold is facing resistance at previous highs. According to Fibonacci retracement, the 0.786 level is at 2456, which has shown some support but not strongly. The next strong support area is significantly lower than the current price. Trading Strategy: I have bought at 2461, targeting 2480 and 2500 Support Range: 2456, 2435 Resistance Range: Around 2480 Intraday Risk Data: U.S. July PPI If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences: - Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3 - Price action is close to an Interest Zone and is also at the 200MA Fundamental Confluences: - SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story. - Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well - Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both ________________________________ AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see. In the meantime, 1st allocation into $SVM. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
AMEX:SVMLong
by weekendanalyst
$EL | Allocation | Market Exec | Technical Confluences: - Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level - It coincides with a Demand Zone as can be seen across the price history - Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1 - Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move Fundamental Confluences: - Deep discount on a well-renowned brand - Earnings does not look too good at the moment but they do own some global brands names in beauty care - Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try ________________________________ Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future Long-Term value hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:ELLong
by weekendanalyst
$BTC | Buy Trade 1D | Buy Limit |Technical Confluences: - Price action is condolidating at the mid of downward parallel channel - Targeting the price action to move towards the area of resistances (Interest Zones, Lower-Bound of Parallel Channel, Horizontal Trendline & 50% Fibo Retracement level) - Elliot Wave 4 completed or will it extend and then, aim for the 100% Fibo Extension line @ 93,359 to complete Wave 5 Fundamental Confluences: - It's Bitcoin; it can go to whatever level it wants. - Many disagree and feel it will replace fiat. IMO, not in the near term and it will be many more moons before it happens. In the meantime, it's my speculative asset, Lol. - As the world embraces more of the blockchain adoption, Bitcoin hype will still remain. ________________________________ CRYPTOCAP:BTC orders set at the Buy Limit zones. Patiently waiting. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
BINANCE:BTCUSDLong
by weekendanalyst
$HIMS | Allocation | Market Exec |Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51 Fundamental Confluences: - Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right - The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them - One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while ________________________________ Putting NYSE:HIMS as part of my medical/health category of my portfolio. Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone). Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:HIMSLong
by weekendanalyst
GOLD → The bull market continues. Ahead of the PPI...FX:XAUUSD has been breaking through the key resistance 2431 since the opening of the session and is holding towards the liquidity zone 2458. Ahead of PPI, which may set a short-term tone in the market. Gold continues to form a bullish trend, the general premise is that the price is going to test ATH. Ahead of PPI and it is worth paying attention to the inflation indicator, which plays an important role for the Fed and the formation of further strategy. Also a lot of attention to the Middle East, namely the actions of Iran.... Technically, the price is in the range of 2458 - 2431. Emphasis on the resistance, because, on the background of a distant retest, it will not be possible to break this zone from the first time and a correction may take place before further growth. Resistance levels: 2458, 2477 Support levels: 2431, 2418 Traders expect the PPI to remain at the same level, but if the data indicates a decline in inflation, the market may take it very positively. Unpredictable data can increase market volatility quite a lot. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
Sol-Usdt 4h chart Hello everyone, I would like to invite you to a quick review of SOL/USDT, taking into account the 4-hour interval. As you can see, the price moved up from the local downward trend line, but currently there is a downward movement, staying above the trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $142, then we have strong support at $130, and then a very strong support at $110. Looking the other way, you can see how the resistance at $162 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $176, and further towards the very strong resistance at $193. The RSI indicator shows an ongoing trend of recovery after the increase, but there is room for a renewed upward movement.
by cryptodailyuk
$CADCHF | Buy Trade | Market Exec |Technical Confluences: - Price action is close to the 50% Fibo extension from the beginning of time - Price action is bouncing off a strong Demand Zone to prevent a new all-time low Fundamental Confluences: - Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning - Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable - Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply ________________________________ Putting on a Long position in OANDA:CADCHF (1st Entry) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst