$SOL Next stop is $60.50
CRYPTOCAP:SOL moving toward approximately $60.50. The precision of its recent respect for the 0.786 Fibonacci retrace level is phenomenal. See the touch down at three points marked with the yellow trend line. It literally closed on the daily candle a mere $0.20 from the level two nights ago. Also see the trend intact as this recent price action aims for $60.50. Almost as good as a crystal ball! 🔮
Its recent correction has reset the RSI. See the "bull" green marker on the RSI indicator below the chart. 🟩
CRYPTOCAP:SOL will be a winner. Excuse me, CRYPTOCAP:SOL is a winner. 🥇
Do your own research. My chart is for entertainment only. Never financial advice. I am not a professional in any regard. Well, maybe I'm a professional dharma bum. 🪷 Peace.
Fibonnacci
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level.
A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows.
At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market.
COINBASE:SHIBUSD
Eur/UsdHello traders!
Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement.
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
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GOOD LUCK!
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Specialized technical analysisWith USDCAD today, applying specialized technical analysis, I suggest a counter-trend trade at the marked Supply & Resistance zone on the chart. The applied technical analysis includes:
- Market structure, Supply zone.
- Mid-frequency.
- Outer frequency.
- Fibonacci.
This trade carries high risk; however, the potential reward justifies it!
Good luck Traders!
HYPER INTERGRATION ANALYSIC AUDUSDTechnical analysis integrated with the forex pair:
- Resistance and support levels are marked by the yellow-shaded areas on the chart.
- Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure.
- The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low.
- Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline.
- Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart.
- Fibonacci & other analysis techniques,
MOVRUSDT"As we enter the bullish season, the initial target to aim for is
target : 90 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
WAVESUSDT"As we enter the bullish season, the initial target to aim for is
target : 30 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
FILUSDT"As we enter the bullish season, the initial target to aim for is
target : 68 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
AVAXUSDT"As we enter the bullish season, the initial target to aim for is
target : 100 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits.
Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November.
With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599.
COINBASE:SHIBUSD
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within this trend are well-proportioned and align with various Fibonacci levels.
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
OrderID BTCTHB-RR1.3-230510
Trading System = Discretionary using FIB and Pitchfork
Side = Short/Sell
Position = Closed
Volume = All
Order type = Exit
TP = Fib Proj. 0.618, 1, 1.618
Problem & Anomaly = After the volatility peak at the previous highest high. Price has been climbing with exhaustion.
Trader Emotion = Neutral
Mistake & Error = Non
Remark = Using a red downward slope median line to add short positions if the price has reached the 0.618 percent Fibonacci level.
Ideas = This is a classic play shorting at the lower high to expect a lower low. Let's see how the price folds out.
BTCUSD: Road to 50k?The BTCUSD price has just completed wave 2 and is on course for a fine wave 3 (broken down into 5 orange sub-waves here), supported by a bullish divergence and the break above the weekly Ichimoku cloud.
Wave i could continue its ascent before hitting resistance at 32k.
Wave ii would then retrace 50% of wave i to bounce off the 2021 double-top support.
Wave iii (= 161.8% of wave i) would end at the 40k resistance, before bouncing back to this ascending trendline in blue as a wave iv, retracing 38.2% of wave iii.
Finally, wave v is still the most complicated to anticipate, but the 123.6% retracement of wave iv seems to be in line with the assumption that wave 3 will extend wave 1 by a ratio of 1.618:1.
Fundamentally, the current tense macroeconomic environment remains a danger for the BTC price. Not to mention the dollar rate, which could continue to rise in the event of a further rate hike at the next Fed meetings, particularly those on December 13th and January 31st.
To be continued...
Don't hesitate to comment. I'm open to new ideas, especially as the fractal plan always offers many different scenarios.
Standard & Poor's 500: Full Schematics through FibonacciThis Full Fibonacci Layout is a rendition of my previous S&P idea. This one includes all angled extensions. The Pattern is very easy and clean to see and recognize. One must look for Support and Resistance. #1 and #2 are easier than #3 to visualize but all of them are correct...
MoscowExchange is prone to take a rest soonRecord new account openings on MoscowExchange during 2023, has played its role in almost 90% stock advance since the year start.
The stock and volume dynamics show strong uptrend with good signs of accumulation on a weekly chart.
My chart analysis shows, that price has reached an important resistance zone of its strongest uptrend wave 3 at around 182 area and is now to be expected to re-base again, correcting ideally to its mid-term area of support: 155-166 area.
We may also notice that price looks extended from its 10w MA, that is a historical cautious sign for continuation of short and mid-term advance. We may also notice, that in Mar23 once price went above 50D MA by 18% that led to 2 months of correction.
Despite my bearish leaning short-term, my analysis still has room for price to extend to higher resistance targets to 195-200 area as an alt. wave 3 target.
Trading thesis : if price breaks bellow 21ema, preferably with volume pick-up, I would expect a move down to 166-155 area. If price decides to instead move above 185, I expect it to find resistance in 195-200.
BTCUSDT final leg down short?Is it time for BTC to go down? Is this the start of a possible 5th wave?
This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC reached TP1 for Anti Bat pattern. More on this, that is, in more detail the next day or two, when I have a little more time (and until then, if the bulls want to, I can disable this idea)
Short term sell to H4 OB on EURUSD; then LONGWilling to short to the H4 FVG below, about 121 pips to the downside, then will consider buying up until price reaches a 2 week resistance zone/OB.
I'd like to see if price will re-test 1.05929 to then sell to fill in the gap near 1.04817 - 1.04765. Another option is not participating in the counter-trend and wait to enter once and if price reaches the deep discount area of 1.4781.