Fibonnaci
$GRVY HITS KEY SUPPORT LEVELNASDAQ:GRVY Hits a key support level:
The support level is :
1) Related to a previous top
2) 0.786 Fibonnaci retracement
3) At the 89 period moving average
4) The trendline since October 2020
I am getting long at this level:
1) We have a stochastic hidden bullish divergence
2) The company is growing it's earnings per share
3) The general market is going up
4) It allows me to have a nice risk to reward ratio with a relatively tight stop-loss
EURUSD Update, approaching buy zone Hello everyone, this is next update on eurusd as it's apporaching our buy zone which ~40 pips away. I will be looking at price action at this levels to get into long position.
We have 50% fib, onetoone formation and retest of previous high. This indicate that we may see a stron support at those levels.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
Technical Analysis with 2280 defining pointin this bullish trend, if the price go through 2280 - 2300 probably will go to target price 1 = 2440 as the fibo 1.272, and target price 2 = 2540 as the fibo 1.618. but if the price got rejection from 2280 and continue, it will drop to target price 1 = 2020 and target price 2 = 1800. And i'm seeing the double top chart pattern so i think the safe enter is from 2300 - 2350 to buy. I think this will happen in 1-2 weeks, and the safest point to enter is buy at 2380.
BTC story is repeating again, MonthlyHellow everyone, looking at monthly, we can see rejection at 2 FIB and with that in mind I would like to point that we may see repeating story from 2017/2018, which lead to big correction in price. Currently we are seeing big pressure from top and same happend 3 years ago. On W1/D1 you don't see as clear as it is on monthly. So before placing any bets keep in mind that now is really risky time.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
Overbalance on EURUSD and retest of resistance. Hi everyone, EURUSD got rejected at 88.6 fib on W1, currently trading below 78.6 fib which was tested today. Negative bias is continuing which could take us all the way down to 1.1946 where we have overbalance and previous resistance. I would like to point out that below that level we have 61.8 from last rally which may be test, if that won't hold the negative pressure, lower at 1.1824 we have 61.8 fib from W1 which should hold euro, and may end the correction.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
BYND over 147.25A few things to note here. First, the .5 fib is from a set from all time low to high, so its a big level for price to base over. Second, the way the Bollinger Bands are pinching down means there's decreased volatility meaning 1. Cheaper contracts 2. Decreased periods of volatility precede high volatility, more indication a big move is coming. Third, Ichimoku clouds are a tool I’m still studying. But the confluence of the fib and cloud at the 155.38 mean it will be a stiff resistance level. Once over the cloud will be a bullish signal and can see higher.
LINKUSD | First LightChart depicting orthocenter derived from multiple major moves in price action, obit rings set on sixths. Bisecting the inscribed triangle produces angles which are clearly acting as support and resistance, shown here in green. It is too early to make predictions at this point.
Not trading advice.
Toray Industries - Tokyo - 1 Hr sell trade Torey industries, Tokyo - 1 Hr sell trade will be about to trigger, as the stocks is in downtrend and underpeformer than tokyo index JP225.
Check the count as i am thinking of going to short within 1-3 days after confirmation in smaller time frame. Will see what happened next.
Predicting Micro-Trend Reversal of Gold and JNUG Price MovementI made this gold chart with jnug overlay. It's my first real attempt at making and publishing a chart. I noticed that the jnug overlay really brings out a head and shoulder pattern under-lining the gold movement over the past few weeks. It's kind of rudimentary but I think we will see the inverse head and shoulders with the right shoulder beginning a new 12345 series of Elliot waves in the direction of the long-term macro-uptrend of gold, retracing and surpassing the current fibonacci resistance/support levels, followed by another ABC Elliot wave correction. Let me know what you think, and good trading to you!!!
DREP/BTC - Mainnet and broke out of the accumulation cycleWe are targeting the 0.50 and 0.618 fibs here so 27-30 and will leave 20% run if it goes more.
I was in this at 18 sats patiently. Main net coming in June so we are seeing that run up to it should see some nice SAT stacking opportunities here!
Trade, Chart, Learn, Repeat
Coach K
JPYUSD Third leg M in productionDaily Chart:
Price action is touching higher timeframe trendline en will have higher probability to come down again.
Also M in production to produce its third leg down.
With Fibonnaci in place, my projection TP is back down to the 100% fibonnaci.
Wait on Price action on the 1 Hour Time Frame. (Sell position)