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Fiboretracement

SOL/USDT Analysis: Preparing for the Breakout🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: SOL About the Project Solana (SOL) is known for its high-speed blockchain technology and increasing adoption. It remains a significant player in the crypto space with a strong ecosystem. 🧩 Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, examining different scenarios. ♟ Support and Resistance: SOL has found support at 162.32. The price is currently ranging, with primary resistance levels at 167.81 and 172.52. A major resistance level is observed at 187.29. 📉 Bearish Scenario: If a candle closes below 162.32, the next bearish phase might start, with the first support target at 157.40. Further bearish confirmation could be found if the price breaks below 157.40, with the next support level at 151.00. A break below 50 on the RSI could confirm the bearish momentum. 📈 Bullish Scenario: If the price breaks above 167.81, we can look for a target at 172.52. A break above 172.52 would set the next target at 187.29. A break above 50.67 on the RSI could confirm the entry of bullish momentum into the market. 📊Volume Analysis Current volume at 429.872K indicates a need for increased buy volume to confirm resistance breakouts. Monitoring volume convergence with price action is crucial to avoid false breakouts. 👨‍💻 Trading Positions 🪄Long Position Primary Entry Trigger: Break above 167.81 Strategy: Open a position on the break of 167.81 and wait for confirmation from the price to set the target at 172.52. Consider taking partial profits at 172.52 and adjusting stop loss to entry. Secondary Entry Trigger: Break and stabilization above 172.52 Strategy: Open a position on the break and stabilization above 172.52, targeting 187.29. Look for increasing volume and RSI confirmation for stronger bullish momentum. 💣Short Position Primary Entry Trigger: Break below 162.32 Strategy: Open a position on the break of 162.32 as this is a very critical level in the market. Target the next support at 157.40. Adjust stop loss based on price action. Secondary Entry Trigger: Break below 157.40 Strategy: Open a position on the break of 157.40, targeting the next support at 151.00. Look for volume increase and RSI breaking below 50 for confirmation of bearish momentum. 📝 Summary: SOL is currently ranging within key support at 162.32 and resistances at 167.81, 172.52, and 187.29. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be significant. Long positions should be considered above 167.81 and 172.52, while short positions should be considered below 162.32 and 157.40. Always keep an eye on the RSI for confirmation of momentum in either direction. 🧠💼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. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
5
📈Intraday Analysis:Identifying Short Entry Points For Bitcoin👑🔍In today's market, we witnessed a minor downturn as the support at 6115 was breached, signaling a brief downward trajectory. However, a significant bounce occurred at the first critical support level of 56708, indicating a corrective move towards the upside. As anticipated in the previous analysis, a rejection from 66480 validated the dominance of sellers, leading to the breach of the 61115 support level and initiating a downward trend. 📈Now, let's focus on identifying new entry points amidst this market correction. Currently, I perceive the market to be bearish, hence the entry points I'm proposing are for short positions. I'll refrain from considering long positions until the downtrend is decisively broken and the trendline trigger is activated. ✅We have two promising entry points for short positions during this correction. Firstly, the Price Rejection Zone (PRZ) ranging from 60000 to 61115 is a formidable area of both support and resistance, coinciding with the Fibonacci Golden Zone. Additionally, the SMA25 acts as resistance within this zone, potentially acting as a pullback point for the upward movement. Therefore, upon confirmation of a bearish candlestick pattern or a breach of short-term support levels on lower timeframes such as the 1-hour and 15-minute, entering short positions within this zone could be opportune. ⚡️However, this entry carries inherent risks. Alternatively, if you prefer a more conservative approach or miss this entry point, a safer option is to enter a short position upon the breach of the 56708 support level. Let's delve into the distinctions between these two entry points: 💎The first entry point poses a lower risk of invalidation and potentially higher profits in the event of a market decline. However, it also entails higher risk and may require a longer holding period within the position. Conversely, the second entry point is less likely to be invalidated and provides additional confirmation but may result in missing out on potential profits due to a stronger bounce. 💸Regarding targets, our initial target for this correction is set at 52437. Additionally, if the RSI enters oversold territory and breaks below the 23.79 support level, we can expect further downside movement, potentially reaching the aforementioned target. 📝In conclusion, amidst the current market correction, identifying strategic entry points for short positions is essential for capitalizing on potential downward movements. Traders are advised to carefully consider their risk tolerance and choose entry points that align with their trading strategies.
Short
by itsparham96
📊 In-Depth Technical Analysis - Rndr 📊🔍Diving into today's analysis, we find ourselves amidst the aftermath of the recent Bitcoin halving event, where miners are now receiving half of their previous rewards. As the broader market takes a breather, exhibiting signs of consolidation, it's evident that the current landscape doesn't quite cater to the dynamics of day trading. Hence, shifting our focus to a higher timeframe, we delve into the daily chart to dissect the intricacies of Rndr's technical outlook. 🚀 Project Overview: Rndr stands out as a premier cryptocurrency project, recognized for its practical implementation of metaverse concepts. More importantly, the project is actively progressing, with ongoing developments outlined in its whitepaper, offering tangible services for its users. 📈 Chart Analysis: After a notable uptrend from $4 to $12, Rndr initiated a corrective phase, retracing to around $7.633. Presently, amidst a period of market stabilization reminiscent of Bitcoin's behavior, Rndr has settled into a consolidation phase, indicating a temporary balance between buyers and sellers. 📊 Volume Insight: Analyzing recent candlesticks, it's apparent that red candles dominate in terms of volume, signaling a phase of market consolidation. While a reduction in volume often accompanies price relaxation, it also suggests a period of subdued market sentiment, characterized by decreased trading activity. 🔄 Fibonacci Retracement Analysis: A notable observation is the Fibonacci retracement from the previous upward wave, which suggests a pullback to the 0.5 level, indicating a phase of consolidation. Should a breakout occur, the potential target could be the previous high at $12.603. Conversely, a reversal from this level could signify a bearish trend reversal. 📉 SMA Evaluation: Of particular interest is the SMA99, currently intersecting with the price action. This convergence may signify a significant market influence, potentially laying the groundwork for a renewed bullish trend. 🎯 Conclusion: Taking into account all essential parameters, the analysis underscores the presence of a robust Potential Reversal Zone (PRZ) within the current price range, presenting an opportune entry point for spot traders. Furthermore, the ongoing high wave cycle serves as an additional catalyst, bolstering the potential for an upward trajectory. Stay tuned for further insights as the market unfolds!
RLong
by itsparham96
Possible XAUUSD movementEnglish I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament. We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%), that is a rare way to use the fibo retracement, but it really works. Then, I checked if the price let any debt to look after it and I found one in the 100% price of our fibo extension, the price is going to be there (close to the price 1406) in some time (weeks, years or even decades), when? We have to take a look at it then. In that price we could star buying. On a weekly time frame there is a kind of bearish structure, not too clear, but on a daily and 4hrs time frame look better, it is making LL and LH and if nothing happen in the conflict in the middle east, could look for prices right down. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Voy a analizar el mercado en temporalidad mensual para identificar nuestra estructura de mercado, tenemos altos más altos y bajos más altos con al menos un 50% de retroceso de Fibonacci. Echamos un vistazo a nuestro retroceso de Fibonacci para identificar donde podríamos tomar profits cuando el precio rompa ese último máximo y encontramos dos zonas interesantes (-10% y -27%), esa es una rara manera de usar el retroceso de Fibonacci, pero realmente funciona. Luego, verifiqué si el precio dejo alguna deuda para tener en cuenta y encontré una en el 100% del precio en la extensión del fibonacci, el precio llegará allí (cerca del precio 1406) in algún momento, (semanas, años o incluso decadas), ¿cuándo? Tenemos que ver con el tiempo, pero en ese precio podemos comenzar a comprar. En temporalidad semanal hay un tipo de estructura bajista, no tan clara, pero en diario y 4Hrs se ve mucho mejor, está dando bajs más bajos y altos más bajos y si nada sucede en el conflicto en medio oriente, podríamos buscar precios abajo. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
OANDA:XAUUSDLong
by DarkTradingCapital
Possible scenarios for BTCEnglish On a weekly time fame, I found a possible TP for the ones who are buying BTC and that zone is good to see how the price reacts and wait for a bearish movement. On the other hand, the daily escenario we have a zone where we could buy again this asset after a retracement, but we have to keep an eye on the news because of the ETF approval scenario which makes a FOMO time. Let´s see how it goes. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español En un temporalidad semanal, encontré un posible TP para los compradores y esta zona es buena para tomar profits o parciales y dependiendo de su reacción, ver un posible movimiento a la baja. Por otro lado, en el escenario diario tenemos una zona donde podríamos comprar nuevamente este activo en un retroceso, pero tenemos que estar atentos de las noticia del ETF el cual puede crear un tiempo de FOMO. Vamos a ver cómo se desarrolla el precio. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
by DarkTradingCapital
Possible movement US30English First of all, I looked at the market structure, we have a pretty clear bullish structure, the first HH and HL were OK in its structure without any debt. Then, looking at the next HH and HL, we noticed that the price didn`t cover at least the 50% of our Fibo, so we still have a nice zone to keep an eye on it for future bullish movements. I used the fibo expansion to see if we have any debt in the first movement from the last HL and I noticed a debt in the 78% of it, a nice zone for a possible bullish movement in the future after a financial crash or something really strong like a recesion. All of this on a daily time frame. Looking at the other structure from the last HL, I noticed a bearish structure, but in the last days the price broke the last H, so we could expect for possible higher prices, but it would be good for the price to have a retracement before to do it and possible, give us another HH and HL. We have to be carefull because we now are on a zone where the markets doesn`t give us HH or LL or anything like that, we need to wait for the price to break that structure for further movements. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, mirè la estructura de mercado, tenemos una estructura alcista muy clara, en el primer alto màs alto y bajo más alto su estructura notiene ninguna deuda. Luego, mirando el próximo altomás alto y bao más alto, notamos que el precio o fue hasta el 50% del Fibo, por lo que tenemos una zona interesante a ver en el futuro para futuros movimientos al alza. Usé la expansión de Fibo para ver si tenemos alguna deuda en su primer movimiento desde su último bajo más alto y noté una deuda en el 78% del mismo, una buena zona para posibles futuras compras, esperando una futura recesión o algún crash financiero. Todo esto en temporalidad diaria. Mirando la esturctura desde el último bajo más alto, notamos una estructura bajista, pero en los últimos días el precio rompió el último alto, por lo que podemos esperar precios más altos, pero sería bueno para el precio tener un retroces antes de hacerlo y posteriormente darnos otro alto más alto y bajo más alto. Tenemos que ser cuidadosos porque ahora estamos en una zona donde el mercado no me ha dado ni altos más altos o bajos más bajos, tenemos que esperar a que el precio rompa su estructura para ver futuros movimientos. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
PEPPERSTONE:US30Long
by DarkTradingCapital
BTC/USDT 4HInterval Analysis Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local downtrend channel in which the BTC price is moving. Going further with the Fib Retracement tool, we will check where we can expect support for the price when the correction begins to deepen. And here we see that currently the price has held a strong support at $25307, however when the support is broken another very strong support is at the so-called fibon golden point of its 0.618FIB, equal to $23955, and then we can see the price return to around $22017 . At this point, it's worth looking at the EMA Cross 200, and here you can see that the price fell below the moving average, which indicated the place of return to the downtrend. However, now it is worth watching if the red line of the ema cross 10 will cross the green line of the ema cross 30 from below, which may give an upward impulse and an attempt to break the ema cross 200. Looking the other way, we can determine the places of resistance in a similar way. First there is resistance at $26,238, once it is broken, the next resistance is at $27,169, then the third strong resistance at $27,906, then the price will have to break the strong resistance zone from $28,657 to $29,708 to could go further up. Please pay attention to the CHOP index, which indicates that we have a lot of room for further growth, the MACD indicator indicates entering a local uptrend, while the RSI shows a visible increase, but with room for the price to try to attack the first marked resistance. Finally, we can see that the recent downward movements had a much larger volume, but it can be seen that the predominance of green candles with a slight increase in their volume is beginning to appear.
COINBASE:BTCUSD
by cryptodailyuk
2
GBPUSD Fibo Retracement? 15.03.2023GBPUSD has been rising since 09.03.2023 having a rather volatile path. The pair entered in to a consolidation phase indicating that this medium -term shock has ended. Retracement is a possibility but we have to wait for the support break of the 1.21400 for confirmation. Breaking that support would drive the pair further down until 1.20600 at least. NOTE: 14:30 (GMT+2) Annual Budget Release for the UK might distort our analysis. Alternative scenario: the market breaks 1.22 resistance level showing signs of more shock boost and moves until 1.22600 level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Long
by Stuart_Cowell
1
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOT chart as its predecessors on a one-day interval. Please see that in this situation we can use the yellow line to mark the uptrend channel in which the price is moving. Let's start by marking the support places for the price and we see that we have first support at $6.05, but if the price goes lower, we have another support at $5.67, then at $5.33, and another support at $5.33 $4.83. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that there is a very strong resistance at $6.74, only when the price breaks it will it be able to move towards the resistance at $7.43. The CHOP index indicates that we have a lot of energy for the upcoming move, the MACD indicates the continuation of the downtrend, while the RSI moves sideways in the middle of the range.
by cryptodailyuk
4
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, I invite you to review the BNB chart as before, taking into account the one-day interval. As we can see, despite the correction, the price is still moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $310 to $293, however, if the price goes lower, we have another support at $279, then a second support zone from $265 to $245. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price failed to break the resistance at $331. We continue to have strong resistance at $361, once the price breaks it, it will move towards resistance at $398. The CHOP index indicates that we have a lot of energy, the MACD indicates the entry into a downward trend, while the RSI can see a strong rebound.
by cryptodailyuk
SHIBUSDT 1D long setup; Broke and retest of TL and support zoneTA explained SHIB did a complete pullback to the previous level of structure which was formed during the strong uptrend back in October. Now price broke the descending trendline and retested it on a price level which aligns with former support zone. Targeting the FIB pullback levels of the correction. SL just below latest low. Trade setup Entry zone: 0.027143 - 0.030170 TP1: 0.043510 TP2: 0.049759 TP3: 0.058656 SL: 0.024999 RR: 8.73 Max leverage: 1 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
1Long
by MattieDsCryptoLounge