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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
USD/CHF - Swiss - **GREAT OPPORTUNITY THIS WEEK**USD/CHF - Most of the majors are brewing to further movement! Technical aspects: At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag. However, For further development regarding CHF Pair - An Inverse H&S appears, for this current moment of time it looks like it is creating the right shoulder but we must keep in mind the 50 EMA. For further bullish momentum and confirmation, above 50 EMA and above 0.92550 area whilst measuring the length of inverse H&S - we read the target of next resistance area which matches perfectly with a Fib retracement area + trendline down = 0.93300 area. (Keep in mind - this will be a counter trend move - risk management is key). Fundamental aspects regarding Dollar: The FX markets has been guided by rallying equities and precious metals but now the equity market lacks the bullish momentum (I've posted my analysis regarding SPX - Please go look for further information regarding equities) and weeks ago as the Fed has lowered expectations for now. For that reason I could see SHORT TERM bullish USD. Now, I don't think we will see any stimulus until near elections and key questions is - Has the Feds created a Bubble and has it lost its bullets...YET?! Fundamentals Calendar this week 21st Sept - 25th: Fed Powell will be speaking and testifying Monday to Thursday. Be careful whilst trading. Remember: Just a trade idea, not a recommendation. Have an excellent week ahead. All the best, Trade Journal
by Trade_Journal
JP225 on the break of the triangle 🦐JP225 on the daily chart has retraced till the 0.382 fib level before moving in a consolidation range. The market has bounced twice on the daily support creating a double bottom where it took the liqidity to start a new impulse to the upside. If the market will break the triangle and consequently will break the upper daily structure, at the retest of it, we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:JP225USDLong
by InkyGrip
2
S&P500: Short the all-time high 3390 to at least 2930August 15: meeting with China. Will the trade war worsen? November 3: US elections. Before November 3, Trump expects to have the vaccine. What if the vaccine does not work? What if we are in a brand-new dotcom crisis? Investors will collect profits at 3390 from the S&P 500. It's the most safe movement they could do to mitigate their appetite of risk. So at 2930 there is the so-beloved-by-investors 0.382 level. The bat pattern I draw is not accomplishing two parameters but it may enforce its prophecy... Have a good trading in 2020. Leave a comment to hear from your thoughts.
UShort
by alexinve