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Fibretracement

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
Will IAG overcome its bearish channel started in Nov 2020?Today, the company has passed 0.236 Fib retracement level and now is touching the upper boundary of the bearish channel it's been immersed since Nov 23, 2020. RSI 14 is about to surpass 70 level, which usually means a change of trend and that would be bad news for IAG's investors. Either technical and fundamental perspective looks bearish. Easter holidays are almost here and covid19 3rd wave has not weakened although it looks like it's going to (at least in Spain it looks like it's changing its trend). Should big player countries such as France, Germany or the UK enforce strict restrictions on flights and mobility once again, IAG would fall again towards 0.5 Fib retracement at least making it very probable to break that support level at 1.50 and go again to historical minimums at 0.97€, with investors worrying about the viability of the company and whether it will really comply with the absorption of Air Europa for €1000 million. If IAG was to back off the deal, that would be a breath for its investors. No signs of that though.
BME:IAGShort
by alexinve
CADJPY - More room for the up side?!Happy Monday! I came across this great quote, “If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” It's Monday - Fresh start for the week, start it in a good positive manner. I see so many people make excuses within trading the words, ' I can't do this' - ' You won that trade by luck' & lastly, 'What's your secret for earning the figures you do?'…Truth is, I don't have a crystal ball 🔮. I just work hard 7 days a week and why do I work 7 days week? My career isn't work for me it's my passion and I am very fortunate to have a sibling and friends with same mindset, who you surround yourself with is very important - I live and breath the markets and I wouldn't have it any other way. Find something that you are really passionate about and pursue it further, I am 100% sure you will gain automatically more capital by doing something you really love! Technical Aspect - CADJPY Pattern: Wedge Support: 82.420, 82.330, 82.120, 81.840 Resistance: 82.720, 83.050, 83.325 200 & 50 EMA - Great PB area's for long position, Once confirmed. I am not signal provider and I never will be. This is just a trade idea - Add your own trading plan for further confluence! Have a wonderful week ahead. Best wishes, Trade Journal (Disclaimer: Just a trade idea, not a recommendation)
by Trade_Journal