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Fibretracement

$MKR/USDT 8h (Binance Futures) Ascending triangle on support#Maker DAO is looking ready for a big move up like his little brother Compound already did. On lower Time Frame we can see an ascending channel forming as well, this could lead the way up if doesn't pull-back more. Current Price= 544.91 Buy Entry= 544.80 - 534.00 Take Profit= 561.69 | 586.21 | 617.15 Stop Loss= 517.11 Risk/Reward= 1:1 | 1:2.68 | 1:4.21 Expected Profit= +8.26% | +17.36% | +28.82% Possible Loss= -8.26% Fib. Retracement= 0.382 | 0.786 | 1.272 Margin Leverage= 2x Estimated Gain-time= 720h
Long
by TradingOn
XRP TURNING BEARISH! BEWAREBITFINEX:XRPUSD XRP has seen a great bullish run as of recently. We are now beginning to enter a pullback before the next bull cycle. We see this with the 3 indicators on the graph. EMA50 has crossed over EMA20 which we now know (from my previous ideas) is a bearish indicator. Also, the auto fib retracement is at the 0.618 level. As XRP is trending downwards we can expect this to push below the 1.0 line (and maybe further). Anticipate a short bearish period but be ready to re-enter. I will update this idea as XRP turns bullish. This is not financial advice! Please trade at your own risk.
BITFINEX:XRPUSDShort
by mattforutan
4
YFI/USDT 2h (Binance Fut.) Descending channel breakout & retestYearn.Finance seems to be preparing for bullish continuation, next big move should be soon! Parallel channel broke out and is being retesting, also 200MA is acting as support. Current Price= 23214.3 Buy Entry= 23351.2 - 21851.2 Take Profit= 26924.9 | 34272.0 | 40698.1 Stop Loss= 18983.5 Risk/Reward= 1:1.2 | 1:3.23 | 1:5 Expected Profit= +19.13% | +51.64% | +80.07% Possible Loss= -16.01% Fib. Retracement= 0.786 | 1.272 | 1.618 Margin Leverage= 1x Estimated Gain-time= 240h
Long
by TradingOn
5
GBPUSD short term buy incomingSlightly different set up to my usual way of trading but this looks to be a nice short-term buy to get into. I normally prefer a higher timeframe trade on the 4hr and daily chart as it shows a much bigger picture of how price is doing. However, on the 1hr we can clearly see this is currently a bullish run up. We have broken a nice level of rejection and now price has pulled back allowing us to add in a fib. You can see the 50% fib lines up almost perfectly with this rejection level giving us a good indication that price should react off this level and continue it's run. If you have any questions, drop me a message.
Long
by UnknownUnicorn6441570
3
ADA/USDT 2h (Binance Futures) Descending triangle near breakoutCardano is getting ready for the next big move, I expect it will be upwards as long as 200MA is holding the trend! The chart is showing Spot pair, but we will trade it with low leverage in Futures market. Current Price= 0.10302 Buy Entry= 0.10310 - 0.10106 Take Profit= 0.10756 | 0.11299 | 0.11842 Stop Loss= 0.09664 Risk/Reward= 1:1 | 1:2 | 1:3 Expected Profit= +10.66% | +21.28% | +31.92% Possible Loss= -10.66% Fib. Retracement= 0.618 | 1 | 1.272 Margin Leverage= 2x Estimated Gain-time= 240h
Long
by TradingOn
5
AAVE/USDT 45m (Binance Fut) Descending channel breakout & retestAave could be forming a bull-flag here (continuation), I expect a last pullback down to 200MA before the next big move up. Current Price= 56.971 Buy Entry= 54.837 - 51.837 Take Profit= 58.907 | 63.242 | 66.528 Stop Loss= 47.767 Risk/Reward= 1:1 | 1:1.78 | 1:2.37 Expected Profit= +10.44% | +18.57% | +24.73% Possible Loss= -10.44% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 72h
Long
by TradingOn
2