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Fibretracement

BTC makes another correction.Hello everyone, Let's take a look at the BTC to USDT 1 day chart. Let's start by determining the downtrend line at which the price is currently moving. Currently, the price is just above the support at $ 37,874 if we do not defend this level, the next support is at $ 35,634 and $ 32,810, the next support is the fundamental support zone between $ 31,272 and $ 28,798. However, if the correction is complete, we can determine the first resistance at $ 40,210 and the next resistance at $ 42,547 and $ 44,884. The CHOP indicator also shows a decrease in energy, but it has not been completely exhausted.
by cryptodailyuk
SHIBA / USDT below the downward trend line.Hello everyone, Please take a look at the SHIB / USDT chart on the 1D interval. We see that the price is just below the downtrend line and we are approaching the exit from the triangle. It is worth paying attention to the CHOP indicator which shows an increase in energy for the upcoming moves. And the MACD indicator where the blue line is still above the red one, which may confirm the continuation of the local uptrend. Let's move on to determining the support points for the price, as you can see the first support is at $ 0.00002623, and the next support at $ 0.00002409, $ 0.00002085. Looking the other way, we have marked the points of resistance that the price will most likely meet on its way before the increases. The first resistance occurs at $ 0.00002901, the second at $ 0.00003031, and the third at $ 0.00003114.
by cryptodailyuk
1
The CRO reacts similarly to the entire market with a small correHello everyone, Let's take a look at the 4H CRO / USDT charts. The local uptrend line is worth paying attention to as the price has dropped below this line. After today's declines, the support moved to around $ 0.41, and when we break it, we can mark the next support at $ 0.37 and $ 0.32. On the other hand, it is worth looking at the resistance points that we may encounter in the near future if the price turns back. The first resistance will appear at $ 0.45 while the next we have at $ 0.47 and $ 0.48 The CHOP indicator also shows that the collected energy was used for today's decline and has now been exhausted in the 4H range.
by cryptodailyuk
LUNA a lot of energy on the CHOP indicatorHi, Please take a look at the LUNA / USDT chart in the 4H interval. The LUNA price is still below the downtrend line. The first support is at the price of $ 52, at which the price has already bounced up several times, while if we do not maintain the current support, the next one is at $ 50.18. Note that the current resistance is at $ 53.95 and the next resistance is $ 57.08 and $ 60.41. We can also notice on the CHOP indicator that we have a lot of energy for 4 hours that can be used in the near future and it is worth observing which side it will be used in.
by cryptodailyuk
Will the collected energy lead to increases in XRP?Hi, let's take a look at the forgotten XRP to USDT. As you can see, the last retest resulted in increases and an exit from the local downtrend. However, we still have the downtrend lines in front of us. We have the current support at $ 0.83 and another at $ 0.77. Looking towards the resistance, we see that the price is moving between 0.618 and 0.786 Fib retracement. The resistance that awaits us now is at $ 0.92 and another $ 1.02. We can also notice an increase in energy in the 4H interval on the CHOP indicator, this increase may result in more movement, but we should observe which direction we take.
by cryptodailyuk
DOGE ahead of an important resistance at 0.618 FibLooking at the DOGE / USDT chart, we can see that we have touched the downtrend line and the price has dropped slightly. Currently, the price is struggling in the place on which it was based several times. The current support is at the price of $ 0.1610 kelejne: $ 0.1530, $ 0.1464, $ 0.1402. On the other hand, the places where the price may encounter resistance are: important resistance at the so-called Fibo 0.618 gold point and the price of $ 0.1789, and the next one at the price of $ 0.1948
by cryptodailyuk
Will SHIB break out of the downtrend?Hi Let's look at the situation on SHIB to BTC. As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
by cryptodailyuk
1
EURCAD Bearish Divergence, yet Longing Chances Too 07/02/2021 this instrument has got two scenarios seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs... if not then we have the Bullish scenario which we can target Minimum of 1.71 CAD of our Fibonacci expansion .27% where we have specified it as Long TP. Remember it is on the Weekly time frame so we may need to be more focused on fundamental of the market to get the grip of our Final decision and use the technical chart as a confluences along with it... we are having mostly Bearish sentiment on this but we kept the Bullish back door open yet which side do you think it goes?
by BitonGroup
4
$GTC/USDT 4h (Binance Futures) Falling broadening wedge breakoutGitcoin bounced several times on 200MA support and seems ready for recovery now, let's enter on the retest. Current Price= 12.501 Buy Entry= 12.150 - 11.114 Take Profit= 14.921 | 18.030 | 22.997 Stop Loss= 9.433 Risk/Reward= 1:1.5 | 1:2.91 | 1:5.17 Expected Profit= +28.28% | +55.00% | +97.70% Possible Loss= -18.90% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 weeks Website: gitcoin.co
Long
by TradingOn
$STMX/USDT 1D (Binance Futures) Symmetrical triangle breakoutStorm X reversed and double broke-out bullish, continuation is in play but we believe a last retest of TL & 50MA is likely first. Current Price= 0.02420 Buy Entry = 0.02103 - 0.01848 Take Profit= 0.02863 | 0.03749 | 0.05297 Stop Loss= 0.01533 Risk/Reward= 1:2 | 1:4 | 1:7.5 Expected Profit= +44.89% | +89.73% | +168.07% Possible Loss= -22.42% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 2 months
SLong
by TradingOn
EURAUD Trade PlanOANDA:EURAUD Bearish Indications 1- Bearish engulfer 2- Rejection from resistance at 1.59415, which is also previous neckline support for Head & Shoulder 3- channel trendline resistance 4- 0.5 Fib level retracement for a bearish trend started from Aug, 21 4- bearish divergence However there are few but strong Bullish Indications 1- HH & HL on 4H timeframe 2- strong bullish momentum on RSI So, I am short biased for smaller timeframe. It may continue back bullish trend after testing 0.236 Fib level. But I have given two trade plans for the either side, mentioned on chart. Please support with comment and like. Thanks and Good luck
Short
by yousufrz
EURUSD Trade Plan for LongOANDA:EURUSD Bullish indications 1- HH & HL 2- Bullish Engulfer 3- Bounced from weekly support at 1.11934 4- Retracement from 0.5 Fib level 5- ABCD pattern is in formation Plan A below is given for long. Plan A Buy at 1.12929 Stop loss 1.12547 Target1 1.13677 Target 2 1.14252 But for plan B, wait for confirmation of continuation of downward trend Please comment below for any suggestion, follow and support the idea if you like it. Thanks and good luck for trade
Long
by yousufrz