Get started

Fibonacci Retracement

BTC/USDT 4HInterval CHART ReviewHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next support is $54,139. Now let's move on to the resistance line, as you can see the first resistance is $59,506 which we are currently fighting, if you manage to break it, the next resistance will be at $61,380, the third at $62,658 and the fourth at $64,334. Looking at the RSI indicator, there is a rebound, but there is still room for the price to go higher, while the STOCH indicator is also near the middle of the range, which potentially gives room for the price to go up even further.
by cryptodailyuk
GBPUSD → Waiting for a decline to 1.2300FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a resistance retest is forming, there are no prerequisites for resistance breakout. Against the backdrop of the strengthening of the dollar index, the pound sterling is losing ground and declining. This decline may continue towards the lower boundary of the trend. Resistance levels: 1.252, 1.257 Support levels: 1.2422, 1.2300 Technically, we have a bearish trend and weak fundamental background for the currency pair, which generally determines the medium-term prospects for us. We are waiting for a decline to 1.2300 Regards R. Linda!
Short
by RLinda
3
NAS100 Upbeat after Fed Volatility & Ahead of AppleThe tech-heavy index exhibited two-way action on Wednesday as markets reacted to the Fed outcome. The central bank acknowledged the lack of progress towards the 2% inflation target and Chair Powell added that recent hot reports have not given officials greater confidence towards this goal. Along with resilient labor market and strong economy, the bar for a pivot is high and markets have pared down their expectations, now pricing in just one cut this year, likely in the last quarter. These factors weigh on NAS100, which has moved below the EMA200 and the daily Ichimoku Cloud. It is vulnerable to the 38.2% Fibonacci of the October-March advance, but strong catalyst would be required for deeper correction. On the other hand, NAS100 is upbeat today and has already defended the aforementioned crucial level. It has the opportunity to return above the EMA200, reestablish the bullish momentum and pursue new record highs (18,495). Creeping fears of potential backtrack to rate hikes were assuaged, as Chair dismissed them, along with concerns of stagflation, following some weak economic data. Markets now turn to Friday’s employment data and another strong print would reinforce the higher-for-longer prospects. Investors also await Apple’s earning on the Thursday, which come at challenging period and the stock is close to bear territory. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NAS100
by FXCM
GOLD → The price continues to decline. Is it 2250?FX:XAUUSD continues to decline and test new local lows. The fundamental background is negative and the decline may continue. Important events are ahead, everyone is waiting for Powell's speech. Bears finally hold the area of strong liquidity 2328, which only intensifies the price decline. At the moment the market is testing 2280. Today is a busy news day. Traders are highly likely to expect Powell to leave the interest rate unchanged today and may even change his tone to a more aggressive one, amid high inflation. This could strengthen the dollar, which would only exacerbate the fall in the gold price, which is already looking towards liquidity zones below 2267. Resistance levels: 2295, 2305 Support levels: 2267, 2250, 2228 The market is starting to put possible negative news into pricing. The fall may continue. But on the background of news the price is able to test the nearest resistance zones before further bearish impulse. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
AUDUSD | Short H4 | Market Exe | Consolidation TradeTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential Suggested Trade: Entry @ Area of Interest 0.6550 - 0.6560 SL @ 0.6596 TP 1 @ 0.6505 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.6479 Risk-to-Reward @ Approx. 2.10 (Depending on Entry Level) ________________________________ 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. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
GOLD → Correction continues, possible target 2250FX:XAUUSD continues to decline within the framework of corrective movement. Sellers are providing strong resistance and at the moment are not ready to let the price go above the key zones. GOLD → The bulls continue to fight back. Consolidation Earlier gold showed signs of strengthening, which in general the market evaluated positively and was ready to wait for the achievement of high targets, but as I said earlier it is not worth waiting for growth now. The market is interested in reaching the lower liquidity zones as well as in liquidation of traders in order to balance the market. On the background of consolidating dollar the price of gold is decreasing. The market is waiting for Powell's speech, who will give comments on interest rates. Traders lay in the situation the fact that Powell may give a tough comment on the current situation and leave the rate at the same level. Support levels: 2305, 2267 Resistance levels: 2328, 2344 Technically the correction continues. This correction is formed on the basis of both fundamental and technical reasons. This week is quite busy and it is worth paying attention to the news, which can determine the medium-term perspective. Regards R. Linda!
FX:XAUUSDShort
by RLinda
5
NZDUSD → Correction to MA-200. The fall may continue FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give signs of reversal and fall, respectively, the bearish medium-term outlook for the currency pair NZDUSD is still relevant. Resistance levels: MA-200, Channel Resistance, 0.6000. Support levels: 0.5940, 0.5875 The global trend coincides with the local trend and has a bearish direction. On H1 a correction is forming, which may be over soon, after which we should wait for a decline to 0.5875. Regards R. Linda!
Short
by RLinda
2
MARA Will go Bearish before EarningsThe bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue. A second confirmation comes from the RSI, which is currently at 40, indicating that we are not yet in oversold territory. It appears that Mara is on track to reach $14 before the earnings date on May 24th.
NASDAQ:MARAShort
by nadavtal01
1
BTC is dragging down, what's next for ETHHello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel. And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around $2805, then $2657, and then right at the lower border of the downtrend channel the support level of $2475 . Looking the other way, when the price starts to change the direction of movement, resistance is visible at the level of $3160, then the levels of $3270, $3356, $3468 are important, which is already above the upper limit of the downward trend channel, thanks to which the price will be able to increase to the area $3,770. Looking at the RSI indicator, you can see how energy is being collected and here we are approaching the lower limit, which can affect the trend and reverse it, also the STOCH indicator shows how the energy in the downward movement is exhausted, which may result in maintaining the price or an attempt to change the trend when BTC maintains the price .
by cryptodailyuk
Trend Continuation - CADJPY Wave STructure AnalysisHey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend or the trend will change in the opposite direction. The only tool that gives us this information is the price by counting the wave structure. As long as the primary trend structural point is intact, the trend is intact and we can trade safely in harmony with the market. This is not theory, it is practical, but the application is psychological. CADJPY SHORT KEY LEVELS Stop Loss:114.88 Target 1: 112.18 Target 2: 110.59
Short
by Charts247TradingAcademy
1
BTC - Bullish Trend Reversal? Bitcoin is starting to teeter on the border to a bullish trend reversal. The probability of a pump is high within the next 1-3 days. If we can get to a price above $24944.90 USDT/BTC then I would feel safe enough to claim a bullish market trend reversal to at least $29415.43 USDT/BTC. We might see another dip at $24k. Key Takeaways: The $19k support has proven strong for the fifth time since March. Last daily candle is forming a very nice hammer. I expect a big fat green candle within the next hours to few days . Daily RSI is in uncertain area but not anywhere near overbought. Volume seems to be picking up. I expect higher volatility within the next 1-3 days . Hopefully a pump. The Ichimoku Cloud is showing me the green light to buy soon. I would consider above 22.5k a safe place to not worry about bearish reversals. Resistance lines are calculated by the mathematical Fibonacci sequence of the last bear market. I do not think it is wise to buy/sell anywhere near too close to the lines. Expect price dips/pumps in those areas. My last dump prediction was 100% correct: As you can see, the moment we went into the "danger zone" we instantly dumped, hard. The "risky zone" was a perfect place to stop loss. This Is Not Investment Advice. No ideas that I post are to be considered investment advice. DYOR
by GoldArti
4
GOLD → The bulls continue to fight back. Consolidation FX:XAUUSD is in consolidation after the beginning of correction on the background of profit-taking and also strong sell-offs. Technically, the price does not show hints to leave the descending channel in one direction or another, but there are preconditions that indicate that the gold may strengthen to the resistance of the correction channel before further falling. The fall may resume amid the beginning of the strengthening of the dollar index. Within the range and channel, it is worth using the range trading strategy and false breakout or bounce principles. Resistance levels: 2344, 2365 Support levels: 2328, 2305 The bulls are resisting within the correction, this may strengthen the price to 2350-2360, but in general the correction and price decline may continue as the market is still in a huge imbalance and the price still has not reached the key liquidity areas. Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
$ROOT: TRENDING BULLISHLY. POTENTIAL SQUEEZE. 🚀🚀🚀Hello, everyone! We're seeing promising signals for $ROOT. If its price maintains above our key monthly indicator, we anticipate an uptrend. A very bullish trend will be confirmed when the daily indicator rises above the monthly one. Should this happen, we'll be on the lookout for the weekly indicator to follow suit. Our first price target (PT) is set at $76, with a strong move to $180 on the cards once the weekly crosses the monthly threshold. NASDAQ:ROOT has already made a massive move up, but this is only the start of something huge. However, if we see the hourly indicator fall below the monthly, this would need to be reassessed, as it could invalidate our current forecast. NFA! Good luck, everyone!
NASDAQ:ROOTLong
by SierrasTrades
6
Is LINK getting ready for an upward move?Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $15 T2 = $15.80 T3 = $16.33 AND T4 = $17.05 Now let's move on to the stop loss in case of further market declines: SL1 = $13.79 SL2 = $13.17 SL3 = $12.41 AND SL4 = $11.78 The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
by cryptodailyuk
📈Exploring Atom's Market Moves: A Detailed Analysis⚡️☀️Today, let's delve deep into the intricate dance of the market, particularly focusing our attention on Atom. As we navigate the current landscape, it's evident that the market is still caught in a state of indecision, oscillating without committing to a definitive direction. However, amidst this uncertainty, there's a subtle shift in momentum—a slight dip followed by a surge in selling volume. Could this be the prelude to a more significant move? 🔄🎯Reflecting on our previous discussions surrounding Atom, it's noteworthy that our trading triggers have been quite active. The long trigger was activated, followed swiftly by the short trigger, resulting in a commendable 32% target hit. Kudos to those who capitalized on this opportunity! 🔍Now, turning our attention to today's analysis, Atom finds itself retracing to the 0.382 Fibonacci level, comfortably nestled within the confines of its range box. Our focal point lies on the critical support level at $7.808. Should this support falter and find stability below, it may pave the way for a compelling short position. Reinforcing this perspective, the RSI indicator dipping below 32.71 lends credence to the bearish sentiment. 📉For those considering long positions, keen observation of the $8.914 level is warranted. A bounce from this level could serve as a potential trigger for long entry, although without such confirmation, we remain in search of a clear long signal. 💎Furthermore, let's not disregard the significance of SMA99, which has demonstrated resilience as a dynamic resistance barrier, repelling price action on two occasions. 📊In navigating these volatile market conditions, it's imperative to maintain composure and discipline. Impulsive trading decisions are best avoided, as they often lead to unfavorable outcomes. Instead, let's remain vigilant, adhere to our trading strategies, and prioritize effective risk management practices. 📝In conclusion, as we navigate the intricacies of Atom's market trajectory, let's approach with caution, patience, and a keen eye for potential opportunities amidst the uncertainty. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed. Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523. Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645. When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.
by cryptodailyuk
GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take profit at $2072.50. Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold. Let me know your thoughts, are you looking for buys or sells?
OANDA:XAUUSDShort
by TheLionsShare
📈In-Depth COMP Analysis: Unveiling Trading Opportunities💵🔅Today, I'm excited to delve into a comprehensive analysis of COMP, providing valuable insights to aid your trading decisions in this dynamic market environment. 🔍To begin, let's take a closer look at the current state of the market. As we've observed, the cryptocurrency landscape continues to oscillate within a range-bound pattern, presenting both challenges and opportunities for traders. Amidst this backdrop, individual assets like COMP offer intriguing prospects for short-term trading strategies. ✅COMP, on the daily timeframe, has recently encountered a pivotal support level, triggering a phase of consolidation and corrective price movements. Notably, it has retraced to the 0.382 Fibonacci level, aligning with its broader range-bound behavior. Concurrently, a discernible downward trendline curve is exerting pressure on prices, although the selling volume appears to be waning—a potential indication of diminishing bearish momentum. 📈For those venturing into futures markets, a potential short entry could materialize following a decisive break below the $49.68 level, with a downside target around $39.54. However, it's crucial to exercise prudence and closely monitor price action, particularly for any signs of strong buyer presence that may prompt a reassessment of short positions. Additionally, a confirmed drop in the Relative Strength Index (RSI) below 30, coupled with stabilization, could signal an imminent sharp decline, warranting heightened attention. 📉On the flip side, for traders eyeing long positions, patience is paramount. It's advisable to wait for a clear breakout above the trendline curve, preferably accompanied by a breach of the trigger level at $59.75, before considering entry. Even for existing long positions, caution is advised, as formidable resistance lies ahead at $66.25, with the 0.618 Fibonacci retracement level remaining intact. In the spot market, a significant trigger for long positions stands at $95.77, representing a critical barrier from previous major upward moves—a breach of this level could herald a robust uptrend. 📝In conclusion, as we navigate through the twists and turns of the market, adaptability and vigilance are key. Remember, successful trading requires a judicious blend of technical analysis, risk management, and emotional discipline. Stay informed, stay patient, and above all, stay safe. 📣I'm eager to hear your thoughts and insights on this analysis. Let's continue to learn and grow together in this ever-evolving trading landscape. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96