AUDUSD May Have Found Support Level After Another Rejection WeekWith the pair having another rejection week, AUDUSD maybe ready for a rally the upside!
N.B!
- AUDUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#audusd
#aussies
Fractal
TON: sell in high CH📊Analysis by AhmadArz:
🔍Entry: 5.384
🛑Stop Loss: 5.453
🎯Take Profit: 5.303-5.160-5.046
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COIN, BTC: An Interesting Fractal I Found; Macro Analysis
The Coinbase ( NASDAQ:COIN ) 4-hour chart is a perfect fractal of the Bitcoin weekly chart. Good ole' Wyckoff distribution. It even has the little Bart Simpson correction pattern from August 2020 that occurred shortly after the last halving and a few months before the first big leg up.
Considering current price action, Bitcoin and Coinbase, for that matter, will potentially be kicking off their fifth and final HTF waves up following what are likely to be multi-month consolidations. The next few months could resemble a less severe version of the "mini bear market" the crypto market experienced in the summer of 2021.
In BTC, I'm looking for stretch downside targets of around 56k and around 51k if 56k breaks. If it gets all the way down there, it would be a gift. On shorter time frames, assuming the 69k/70k resistance is not breached, there is likely more downside to come for both assets. Corrections to the upside should be approached with caution.
On COIN, an S/R flip under the fib fan's 50% level is all but confirmed on the 4-hour chart. If historical price action is any indication, this fractal suggests that testing the 0.618 is definitely in the cards. I'm eyeing $220 as a potential target. It's supported by a strong demand zone and the weekly VWAP.
Sentiment should remain relatively bullish on higher time frames so long as 50k isn't breached.
Buy trade for get sell📊Analysis by AhmadArz:
🔍Entry: 65320
🛑Stop Loss: 64551
🎯Take Profit: 65832-66491-67353-68098
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DJI Bearish DJI outlook: Monthly and Weekly, i feel with the current economic climate and the world being on fire, especially the supposed banking crisis just around the corner, its hard not to feel the recent bullish action since Oct 2023 was a melt up to allow large money institutions to exit at the best possible prices.
Prev ATH was ran through completely, and i anticipate the index retracing back to test support at the blue zone/50% level of the weekly range.
DGB hits white channels full brkout target; teal channel nextDigibyte finally breaks out of the white channel and then quickly hits the full breakout target. Now it is attempting to break above the teal channel and fiip its top trendline to support to trigger that breakout as well. Once it does, the breaout target is around 2 cents which from here would be about another 60% gains. Not sure how quickly digibyte will pull this off it could definitely consolidate for a few before it does so or it could continue. Current momentum and keep pumping. *not financial advice*
GALA, the next SOL? 172% upside potentialGALA / Daily
- My friend is deep underwater, so I want to give him some hopium
- SOL went massively up this year, trend was even better once we breached the ascending channel, and then re-tested it successfully
- GALA recently broke through its ascending channel, and a correction of -36% occurred.
- If BTC holds and we close the candle above the support line, we can target $0.146 to start with
ASK ZOLI : When will XRP go PARABOLIC?🔮📉Hi Traders, Investors and Speculators of Charts📈
Cryptocheck tries out TradingView's new Tarot Cards tool called Zoli, a fun tarot game aimed to entertain and/or compliment your analysis!
Upon entering, you are met with the following screen:
You then get to pose your question to Zoli, who will now ask you to select three cards from the deck:
The aesthetics are beautiful, and you're in for a mystifying treat!
But remember, you only get to try your luck once a day!
Overall, it was a fun and interesting experience. Behold the results for thyself: www.tradingview.com
Find here the real XRP analysis, complemented by Zoli the Tarot Reader😉
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SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now
just an update of the old attached idea with more data now on the macro momentum.
looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha.
or we are about to get gutted like that earlier 'fake' pump. full retrace hell.
the momentum doesnt quite look right overall for that option to me. i think first option is more likely above.
anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :)
gl
ARB: sell in channel📊Analysis by AhmadArz:
🔍Entry: 1.526
🛑Stop Loss: 1.577
🎯Take Profit: 1.477-1.424-1.353-1.280
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Bitcoin Fib Estimation IIIn this idea I'll document my further observation of long-term price action
The way 0.236 first fibonacci channel defined 2021 ATH
Critical points of prior cycles were also captured by fibonacci channels of same tool.
Significance of second Fibonacci channel is also apparent because it also breaks down historic cycles.
This means that correlation of prices with its derived fibonacci ratios has been occurring over a decade period long.
2012 - 2015 cycle can be measures with 0 - 1 based on direction of the fall of 93.75% where n.618 defined ATHs.
Another way of presenting how price maintains golden rule would be using the metrics of first bullish wave.
Shows exactly how fibonacci channels split up historic cycles into component phases.
For now I see 2 options of LT price movements in respect to whole history:
A squeeze into a triangular formation OR a sooner breakout
Hold it like a rock - Roche, what an opportunity.Hi, 1PERCENT here.
Roche Holding, a Swiss multinational biopharma company. It is like the Apple of biopharma.
There were only 3 pull backs greater than 30% in the history of the stock.
2002 ~ 2003: -45.33%
2006 ~ 2011: -52.40%
2014 ~ 2018: -30.24%
2022 ~ present: -44.89%
It is at the support zone that initiated the +95% move up from 2018 to 2022, and also is testing the trendline connecting the lows in 2003 and 2011.
If you live in the US, you might want to have some exposure to Swiss assets (CHF or stocks) and Gold & silver.
The US dollar is losing value against the Swiss Francs in the long term.
Otherwise, Roche stock price must hold up at the current support zone , otherwise, we are open for a 30+% drop to the next support zone, which will be of course, an absolute bargain.
Also, it looks like the previous turnovers from the lows were always accompanied by the MA36 and MA12 crossing (MA12 over MA36)
However, we do not have it here yet. So, let's keep an eye on it.
That's it.
1PERCENT
Are you holding ZIL since 2022? Here comes the rescue team 🚀Hi, this is 1PERCENT.
Unlike other altcoins, Zilliqa (ZIL) experienced another significant bull market in 2022. However, after surging by 450% in just two weeks, ZIL began to decline by over 60% in a month.
Ultimately, ZIL ended up at -93% from its peak, leaving many still holding onto their positions.
The good news is that it appears that a rescue team is coming to save you.
ZIL is breaking through the accumulation zone of about two years.
Of course, the weekly candle needs to close above the resistance line and hold it, but it looks very positive now.
Recently, I have been continuously sharing some insights regarding market sentiment and asset cycles.
Simple.
Retail investors do not change and keep repeating the same mistakes.
Therefore, making money is easy.
Avoid FOMO and overcome FEAR.
Also, since the cryptocurrency market often experiences corrections of 50-75% even during 10x, 100x; I'd recommend not to use excessive leverage
Good luck.
1PERCENT
SEI vs early SOL ; the fractal comparisonSEI vs early SOL ; the fractal comparison
Basically underlying DEX/exchange tech/layers are going to be super important. So if it works well it should do well. Fair enough.
I saw someone on twitter (sorry cant remember where first) regurgitating this fractal comparison, trying to frame some pump potential.. ok i like doing that too. :)
The token seems quite popular.. but its not really like SOL is it.. also no SBF to pump to infinity treatment.
anyway lets see if this random comparison works out. :P
gl
CHZ: buy low of big candle📊Analysis by AhmadArz:
🔍Entry: 0.1496
🛑Stop Loss: 0.1471
🎯Take Profit: 0.1532 - 0.1573 - 0.1623
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mirorPortocol... tecnicall analysis We In the price of 0.0096. We entered an upward trend. According to the previous cycle, where you can see the fall, I marked it with red vertical lines. We can grow as much. And I saw a bullish flag on the chart which completed the bullish confirmation .This currency is risky, but I like these currencies because it can bring you success sooner. Despite all the risks, I still choose it.
DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave fractal:
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BINANCE:DOGEUSDT
DOGE - Following BTC FRACTAL?🚀📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action.
Doge has been very profitable so far. Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
As BTC trades sideways/rage, we can expect to see altcoins play catch-up. From a correction perspective, this was the drawback for each coin during the corrective wave:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:DOGEUSDT COINBASE:BTCUSD
DYDX: trade in pollback📊Analysis by AhmadArz:
🔍Entry: 3.446
🛑Stop Loss: 3.366
🎯Take Profit: 3.528-3.606
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
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Doge Megabull targets $2-3 by November 2025 - Up to 3,000% gainsHi everyone!
Today, lets dive in the technicals and boom and bust cycles of Dogecoin:
Short-term:
Doge will likely for the rest of the 2024 year remain in sideways and bound in the wide range delimited with the:
Support block (green box) at: 0.056-0.036; and,
Top resistance block (red box) at: 0.11-0.16c.
In the incoming days / weeks, I am expecting doge to rally (a bit similar to the blue fractal as reference) towards the top resistance block (red box) at 0.11-0.16c which would be a great opportunity to take a little profit off the table there. There is a chance that doge retraces down from that resistance block to the 0.07c support block again which would be a great rebuy in 2024. I do not anticipate lower target unless there is a black swan even, but I do not expect any currently.
Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case doge is clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.056-0.036c
(2) Rounding bottom (half blue circle)
Long-term:
Dogecoin has still not broken the top resistance block (red box) at 0.11-0.16c and is still very far from breaking the previous ATH at 0.74c~.
So buying know at 0.088c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make a whopping 3,000% in gains if my 2025 forecast plays out as expected and we see Dogecoin top at either T1: $2 or at T2: $3 by October 2025 through December 2025.
Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of doge and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at 0.61-044c!
Closing Notes:
This multiyear Dogecoin chart is my attempt at forecasting the action of doge for the next 4 years and will be updated regularly.
Please give a like and follow to this chart if you appreciate this chart and the work put behind it.
Best of luck and happy trading!
Carl M.