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Fibretracement

Butterfly Effect FET/BTC #FET $FET #FetchAIA Bullish Butterfly pattern appears to be forming here on our FET daily chart . Wow! We just dumped out of that triangle/pennant structure we had been in before! It happens in crypto - what can I say ! Every chart dumped when Bitcoin dumped . We were in a triangle type structure before but we broke bearish and went below it . You can see what looks like a letter 'M' on the chart now? That could be what is called a Bullish Butterfly harmonic pattern . Now I should say at this point that this chart DOES NOT fit the butterfly pattern perfectly. But it fits pretty close and if that's what it is then our bottom should be in more or less (though it can always wick a small amount ) . That's Point D of our harmonic . We went there last night . If we break upwards from there our target is the 1.618 fibonacci extension shown on the chart which is at 1398 sats ( where the little X is on the chart ). That would be the target .Now keep in mind if this chart continues to break downwards then it might invalidate this Butterfly pattern and there might be something totally different going on ! We have to let it play out . Things can change quickly in crypto . It is what it is . Now I've had a couple critics of my charts say that "Hey! You were wrong about that triangle ! Maybe you're wrong about this too ." I can only say when Bitcoin dumps many chart patterns will change into something else . It happens . We must be prepared for wild swings in a bullrun year . I'm still learning too , but at least I'm trying. Also you will notice the name of this chart is Butterfly Effect - this is a concept from Chaos Theory which seems to fit the last couple of weeks pretty well ! It's the idea that one small change in a system can cause much larger changes to happen in that system later . Or put another way that one small incident can have a big impact on the future ! Wow! That fits the times we're living through right now ! Where one small sentence from Elon can cause massive changes in the markets ! But anyway - it would be nice if the dumping is done and we start a rise toward 1400 area. Let's let it play out and see.
by shimmeringpath
$COTI/BTC 1D (Binance Spot) Falling wedge breakoutCurrency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest! Current Price= 0.00000740 Buy Entry= 0.00000708 - 0.00000666 Take Profit= 0.00000910 | 0.00001212 | 0.00001681 Stop Loss= 0.00000538 Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67 Expected Profit= +32.46% | +76.42% | +144.69% Possible Loss= -21.69% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 1x Estimated Gain-time= 2.5 months
Long
by TradingOn
ETH-USDT-short-term bear, and then long?Hello, thank you for taking the time to consider this idea. As I have detailed above, I am waiting to see if ETH will achieve 30 fib retracement, where it then would have the possibility to jump up again. This is just my analysis based on technical indicators and personal opinion, plus the fact that ETH has just blown our minds since Immutable-X (layer 2 scaling and lower gas fees,) came out in April. There is always a chance that ETH will not retrace and will just continue up. Also watch for a potential bounce off of our (0.236 fib line) at approximately 4,000 .. Many think ETH can grow much more than I have listed on chart, but let's always trade safely with a stop loss! It is wise to wait for confirmation of a change in trend before entering any trade! (keep that in mind if we approach the blue rectangle possible buy zone above) 😃😄 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you for reading and trade safely!!!! Jazerbay ☯
by jazerbay
35
IMUGENE Run Complete?Imugene (ASX:IMU) is a clinical stage immuno-oncology company developing a range of new treatments that seek to activate the immune system of cancer patients to identify and eradicate tumors. 3 Scenarios identified Bullish: - MACD still Bullish - Volume increasing - RSI still trending Bullish although currently Overbought - Bullish bounce off .382 Fib Retracement Bullish price action continues and breaks Daily Resistance. Higher targets can be identifed by use of Trend Based Fib Extension. Consolidation: - Double Top off Daily Resistance - MACD Weakening - RSI Overbought After a great run price could consolidate underneath Daily Resistance for a short time, which could build a potential Bullish/Bearish Pattern. Im looking at the .382 Fib Retracement as the next level of Major Resistance. Bearish: - MACD Weakening - RSI Overbought - Fractal Pattern Completed - Double Top off Daily Resistance If the Fib Retracement level 0.382 fails as support look for the Golden Pocket 0.5-0.618 "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:IMU
by Trader_Johnni
Target Practice FET/BTC #FetchAI #FET $FET Here we see our FET BTC weekly chart from Binance . You can see our colorful fib levels on the right side of the chart - and our possible price targets have check marks next to them . FET just had an AMA talk earlier today in their chat group and their chart looks great - now sitting over 900 sats . I predicted we would be hitting this area and that our next stop up will probably be 1550 - marked by the blue line with pink checkmark on our chart - because of course this was our high from last summer. And we should be revisiting 1550 fairly soon in my opinion . After we gain that level I would expect our targets to hit at the fib levels above us which should be as follows = 3420 - that's our .236 fib - I would say there is a very high probability of hitting this fib 5443 - that's our .382 fib 7077 - that's our .5 fib 8712 - that's our .618 fib and in a Bullrun year I would expect us to get here but that could be later in the year . Of course , our targets can also go higher than this but let's take this one stage at a time. FET has a Mainnet end of March - so less than 3 weeks from today - everything looks great here !
by shimmeringpath
8
GOLD Weekly analysis !!Good day Traders !! Weekly : We have retraced all the way to the last level of the Fib retracement and broke below it , retested it and continued our way to the downside. When we look at the structure the market is printing Lower Highs and Lower Lows through a downtrend channel. We have Two scenarios possible right now : either we are going to grab the liquidity for the big impulse that we expect from the 1740 Area before dropping, Or we will immediately drop and reach to the next demand zone before looking at any kind of retracement. From an institutional perspective we have on Gold a massive drop of the Net position since we went from 280,000 Net position back in early January until 190,000 on the last report that was posted last Friday. Also during the last four report institutions have added a lot of short position and closed close to 50,000 Long position. This is a sign of the very bearish move that is expected. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
OANDA:XAUUSD
by TheDayzen
High Hopes = FET Targets FET/BTC #FetchAi $FET #FETHere we see our FET BTC 3 day chart which shows our fib retracement levels . Fibs are generally good targets for upside on a bullish chart - and look to be our long-term targets for FET on Binance. You see that pink check mark on my chart ? That's a previous high near 1550 sats from last summer and looks like a good near-term target maybe sometime after the Mainnet of FET launches in March ( end of March,that is.) There can always be a pause and consolidation after that but the targets above us after that appear to be 3420 (there's strong resistance near here ) 5443 - that's our .382 fib 7077 - that's our .5 fib 8712 - that's our .618 fib 9931 - that's our .706 fib and there's still strong confluence near 5800 on the Kucoin chart. So hope you like my chart, thank you .
by shimmeringpath
8