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Fibonacci Retracement

AUDUSD → Price is getting ready to break support FX:AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers. Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening Aussie, the sellers have high chances. The target in this case will be the area of 0.6443 and 0.6352. Resistance levels: 0.6540 Support levels: 0.6504, 0.6443 Technically, the currency pair has a negative background and most likely the decline will continue. A break of this support will give a bearish impulse. Regards R. Linda!
Short
by RLinda
5
Bitcoin - Relief rally soon, but then crash to 50k!Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some. On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared! Then we can start a new bull market and reach levels above 100k later this year. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDShort
by Xanrox
94
$PYPL: 🎯 Road to $77 🚀Hi everyone, PayPal's stock appears bullish. Earlier this year, in January leading into February, the daily indicators tested the weekly ones but were rejected, causing a price drop. Recently, however, the daily indicators have successfully breached the weekly ones, propelling the price towards a potential monthly test. The immediate target is set at $77. A breach of this level could see the price aiming for the monthly target. The daily and weekly indicators will be closely watched for support, should there be any challenges in sustaining the upward momentum. Good luck!
NASDAQ:PYPLLong
by SierrasTrades
BYTE - a young asset with great potentialToday I would like to introduce you to BYTE, it is a fairly new erc-20 token, among the top hodlers of this cryptocurrency we can find several addresses belonging to people well-known in the world, such as Justin Sun - the founder of the TRON network. I personally purchased this stock in December, a few days after the start of trading. Currently, the chart is approaching the trend line, which has already shown a strong reaction several times. I have designated the buying zone between 0.00001920 and 0.00002550 with a range to the new high. It is also worth noting that the number of hodlers is constantly growing. Today, after a significant price correction, the market cap is USD 27 million, and the daily volume is approaching one million, and all this without a listing on any of the major exchanges.
Long
by cryptodailyuk
$GME: Return to $15? 🚀🚀🚀Hi everyone, In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching that could signal a push towards significant resistance on the daily and weekly charts. Will update here if something exciting happens. Maybe insider buying in the next 2 weeks?
NYSE:GMELong
by SierrasTrades
Alikze → GRT| Swing failureAt time W1, D1 is currently returning in the form of a three-wave movement after a corrective cycle. Therefore, in the range of the green box, after the failure of the swing, it can continue its growth with a pullback to the specified range, at least up to the range of 0.34, and then in the Fibonacci levels, which are areas with supply areas. 🟩Sup: 0.1587 - 0.1953 ⛳️Tp 1:0.3418 ⛳️ Tp2 : 0.5047 ⛳️ Tp3 : 0.8546 ----------------- 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. Sincerely.❤️
Long
by alikze
5
BITCOIN → Test of the risk zone. When will the price go to 75K?BINANCE:BTCUSD continues consolidation. The price of the flagship cryptocurrency confirms the formation of a range after a strong rally, at the same time the market seems quite strong :) The market does not allow the price to get close to the risk zones, indicating that there is strong buying interest and interested smart money. Zones of interest are local reversal areas: 60314, 59313. There is a probability that before further growth the market may form a false breakdown of liquidity areas located below. But it should be understood that the market is currently protecting these areas, if the market manages to break the support of the 60K range, it will be the start of a strong correction to 50K A local bearish trend is forming on H1, but it is still within the 70K - 60K range. Within the current movement the price may test the support of the local trend, as well as the support of the global range - 60K. There is a high probability of a false breakdown, which will cause a change in the local trend and in this case the price will change its target from support to resistance. Targets could be 69K and 74K. Support levels: 62598, 61447, 60313, 59313 Resistance levels: 65466, 68132, 69000 At the moment, it is worth looking at the strategy of trading inside the range on the background of the uptrend. We should expect a retest of the strong support area followed by the formation of a change of local movement. There are no reasons for the price to leave the range yet CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
78
INTC Awaits a reversal from the bottom of the recent price rangeINTC in the past week trended up and reversed into a trend down which then went into a low volatility narrow range consolidation to finish out the week. I see INTC as being in the bottom of its recent trading range and ready to head higher inthe upcoming week. The RSI lines are in the area of 35-40 and the slope of the regression line is rapidly decreasing. On the 15 minute chart based on the volume profite and a Fibonacci retracement I have marked out two targets and the stop loss. I am going back to the well as INTC paid me in February and appears ready for a swing trade long here. Although, it is in the shadows of NVDA and the others INTC along with SOUN, DELL, HPE and been recent winning trades and going back to what has worked in the recent past is my strategy here.
NASDAQ:INTCLong
by AwesomeAvani
🔥Ethereum's Tightrope: Will the Bear Flag Break? 📉 Levels 👀 🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about $3,307 could be the first resistance test. The golden ratio at 61.8% retracement, $2,823, is likely to offer considerable resistance. The 100% retracement at $2,039, marking a full return to the start of the price move, might serve as a strong support in a sustained downtrend. 🔵 Resistance Levels: The 'Shibunacci' blue lines indicate potential resistance points, with the highest at $4,451 signaling a significant barrier. 🔴 Support Levels: Marked levels hint at possible support zones, with the bottom level at $1,521 suggesting a pivotal area for bears. 📈 Price Action: Ethereum’s movement within the bear flag and around these key levels will be critical to monitor. 🔄 Indicator Analysis: 'Shibunacci' uses pivots to visualize support and resistance, and price crossing these trendlines could indicate breakouts or breakdowns. 🔮 Potential Outcomes: A break above the bear flag and past $4,451 might change the trend narrative, while a rejection and a drop through supports would confirm the bearish sentiment. 🕵️‍♂️ In essence, the 'Shibunacci' provides a mathematical approach to market pivot points. The bear flag points to a possible downtrend continuation, but price action near Fibonacci levels and resistance/support will offer clearer signals. Traders should also consider volume and other indicators for confirmation. 🛑 For a short, a stop loss could be considered just above the bear flag pattern or the nearest 'Shibunacci' resistance level to minimize potential loss if the trend reverses. 🚀 If the price climbs above $3,600, scalping opportunities may arise, taking advantage of smaller upward price movements while maintaining tight stop losses to protect against sudden declines.
INDEX:ETHUSDShort
by Shibunacci
ETH/USDT 4HInterval ChartHello everyone, let's look at the 4H ETH to USDT chart, as we can see, the price cannot break through the uptrend line, remaining in the downtrend. Let's start by setting goals for the near future that we can include: T1 = $3,705 T2 = $4098 and T3 = $4734 Now let's move on to the stop loss in case of further market declines: SL1 = $3,354 SL2 = $2,902 AND SL3 = $2,581 Looking at the RSI and STOCH indicators, we can see an attempt at a deeper recovery, just as the BTC price is currently recovering.
by cryptodailyuk
1
Bullish Bitcoin Bounce? Key Support Levels to Watch!📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price: 💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step in, maintaining the bullish momentum. 🚀 $65,731.31: Very close to the current price, this level might be an immediate support or pivot point. It could have been a resistance level that, after being breached, might now serve as support. 🔍 $60,569.41: Now below the current price, this level may have acted as a support during a recent pullback or consolidation phase. If the price retraces, this could be another area of interest for buyers. 🧲 $56,746.32: Further below, this level is positioned near the 61.8% Fibonacci retracement level of a previous move, often seen as the most crucial level by traders. Since the price is significantly above this level, it suggests that Bitcoin is currently maintaining a bullish stance. 🛡️ $53,032.31: Also below the current price and near a 61.8% Fibonacci retracement level, this area could offer substantial support if there were to be a deeper pullback. 🧐 $49,054.32: Near the 50% retracement level, it's a critical psychological and technical area. If the market were to turn bearish, this would be an important level to watch for potential stabilization. ⛓️ $44,614.32: This level is well below the current market price, positioned just above the 23.6% retracement level. It would only come into play in a significant market downturn and could represent a long-term support area. 💪 Considering the current price of $68,700, the market sentiment appears bullish, and the closest levels to watch would be $64,081.71 for immediate support and $65,731.31 for short-term retracements. The higher levels, such as $56,746.32 and $53,032.31, become relevant for more considerable pullbacks and could indicate areas to watch for potential buy opportunities. The levels well below the current price, like $49,054.32 and $44,614.32, would be relevant if the market sentiment changes drastically, signaling areas where the price could potentially stabilize
CRYPTO:BTCUSD
by Shibunacci
GOLD → Trading inside the range. Target is support FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the range, the market still has targets below 2166, especially the area of the lower boundary of the flat, as there is a huge amount of liquidity hidden there, which is clearly of interest to traders. Consolidation below 2180 may favorably influence the price down to 2166. A break of 2166 will send the price to 2150 and 2144. Resistance levels: 2180, 2186 Support levels: 2166, 2150, 2144 Technically, the local trend is neutral. It is acceptable to trade both buying and selling. But the market has an unclosed gestalt within the range trading: liquidity area 2150-2144 TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
BNB/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see that the price is staying above the local downtrend line, but at the border of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $589 Next, there is a strong resistance zone from $613 to $646. After going up, we may see a price increase towards $739. Now let's move on to the stop loss in case of further market declines: SL1 = $542 SL2 = $506 SL3 = $468 to $417 zone AND SL4 = $417 Looking at the RSI indicator, you can see that it remains below the downtrend line and indicates a transition into a downtrend. However, the STOCH indicator is approaching the lower limit, but there is still room for a greater decline.
by cryptodailyuk
Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality. The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
by cryptodailyuk
GMR INFRASTRUCTURE MONTHLY BREAKOUT PREEMPTING📈 Stock Update: GMR Infrastructure (GMR) 🚀 Exciting developments on the charts! 📊 GMR Infra seems to be exhibiting a classic rounding bottom pattern on the monthly chart. The recent breakthrough of resistance, accompanied by a gap up, adds a bullish twist to the narrative. 📈 Key Points: Pattern Recognition: Monthly chart showcases a promising rounding bottom formation. Bullish Signal: Resistance crossed with a gap up, a strong indication of positive momentum. Short-Term Target: Eyeing a short-term target of Rs118 with sl of 78 🔍 Analysis: The technical seem aligned for a potential breakout. Always crucial to conduct thorough research and keep an eye on market trends. Remember, the market is dynamic, so continuous monitoring is key. 📆 Timeline: For those considering a short-term play, keep an eye on the evolving market conditions and news that might impact GMR Infra's performance. Let's keep the discussion open! What are your thoughts on this setup? 🤔💬 #StockMarket #TechnicalAnalysis #GMRInfra #Investing #Finance
NSE:GMRINFRALong
by satyam15
GOLD → Range trading. What is the importance of the 2144 area?FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity zones, which the market maker will gradually reach. But, the most interesting thing is that the main gestalt is not closed yet: the strong support at 2144 has not been tested yet, and neither has the liquidity in this zone. On H1 we see an upward movement. The target of such a move could be the 2180-2185 area, or range resistance with a subsequent decline to targets below. A standard trading situation inside the range is being formed. Resistance levels: 2186, 2180, 2195 Support levels: 2166, 2150, 2144 Within the mentioned flat, the price is trading between the zones, levels, forming consolidation. There is an important area inside the range, which has not been tested yet, hence, the market may head from the resistance to the indicated liquidity zone below COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
45
EURUSD → Resistance pressure on the bearish trend FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market. Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend. Resistance levels: 1.08597, 1.08975 Support levels: 1.07958, 1.07030 Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline. Regards R. Linda!
Short
by RLinda
3
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line. Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307. Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561. Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
by cryptodailyuk
Alikze »» DUKS | Wave 3 or C rising super cycle scenarioIn the weekly and daily time, after going through a complete motivational cycle, it has gone through a correction cycle, which has encountered demand again after almost 50% of the previous wave. 🔰 Currently, it is in its own short-term ascending wave 3, and this cycle will have the ability to grow up to the red box area. 🔰 But in its super cycle, this wave was able to move up to the specified areas of 2.93, and then, if the area breaks, this wave will have the ability to continue moving up to the area of $7.89. ⚠️ In addition, you should pay attention to the fact that after a short cycle, any correction should not have influence under the first green box, in this case the transaction will be reversed. 🟩Sup:0.39 ⛳️Tp1 : 0.7575 ⛳️Tp2 : 1.3137 ⛳️Tp3 : 2.93 ⛳️Tp4 : 7.89 »»»«««»»»«««»»»««« 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. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
2
TON Fib Retracement - additional buying areas | Strong Bullish🔎 Fundamental analysis : TON has announced that channel owners will receive 50% of ad revenue generated in their channels, distributed solely in Toncoin $OKX:TONUSDT. The new way of circulation of this coin in the economy will lead to the higher price. We can see something very similar with Binance and their BNB which has integrated tightly with their ecosystem and it has very strong circulation channels that leads to the higher price and amount of people use it as well. Also, Telegram has enormous amount of users and any further integrations and new projects based on the OKX:TONUSDT ecosystem will enable many people to try them out very quickly, because they're already using the Telegram messanger. 👨🏻‍💻 Technical analysis: : Since, the announcement of paying out a 50% of revenue to the cannel owners we have been seeing a strong bullish price spike. We haven't seen a correction yet, so according to this thought current idea suggests following Fib retraicement levels: 0.236 (4$), 0.382 (3.6$), 0.5 (3.4$) as good discount areas for purchasing to the continuation of the Up trend. The Stop Loss area is below the Strong Support level - 0.786 (2.5$) 💭 Sentiment analysis: 🛠️ TBD 👥 Please, share your thoughts or criticism about this idea in the comments section below. Your opinion matters and it'll be helpful for the community to understand a broader picture and shape more objective vision of the asset's price ---- Disclaimer: The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your own research before making any investment decisions
Long
by kostandy