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Trendbasedfib

DENT/USDT - Binance - Potential channel and bull flag breakout Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet. Channel break DOWN measured move meets the 100EMA and red CPR line. If there's further downward movement you could DCA at the lower red CPR lines. Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148). Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382). All eyes on BTC
Long
by dimuthj
BITCOIN - Death Cross + Fib TimeBTC death-cross looks like it will happen somewhere between the two trend-based fib time projections. Trends do not magically implode at the sight of a death cross and often price is on a bounce as they do, but it is interesting that the DC is lining up with the time fibs. I am looking to fib time to provide a more accurate projection because they are a fractional extrapolation of stability found in phi / golden section and so more likely to find a continuation / reversal point. But it looks like DC will happen at the 1.618 fib of pivots 1,2,3 so I roughly guesstimate the wave 4 collapse will begin around 12th June.
BITSTAMP:BTCUSDShort
by dRends35
13
HEALTHIA ASCENDING TRIANGLEASX:HLA Healthia Limited Forming Ascending Triangle and looking for a "4th touch break" @1.93 on the Daily. If price can clear previous resistance around the @2.00 mark then I would expect continuation towards the Trend Based Fib Extension level 1.618 If price fails Resistance and fails Uptrend Trendline, then im looking for a retracement towards strong Support @1.75-1.65 which is also the Fib Retracement Level 0.236 MACD still currently Bullish, RSI trending Bullish above the 50.00 level "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."
HLong
by Trader_Johnni
Using the Trend-Based Fib Extension ToolThe Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice at the ~$35.50 level, forming a double top which is a fairly strong reversal pattern. To help identify potential areas of support and resistance we have drawn a Trend-Based Fib Extension. Using the double top patterns High, Low, and High as the three points for the Trend-Based Fib Extension, the Fibonacci ratios are drawn on the chart. In this example, you can see that price action respected these levels very well until finding strong support at a potential bottom that corresponds with the 200% extension level. But, notice the region in the yellow box on this chart. There seems to be no identified areas where the Fibonacci ratios show support or resistance. While retrospectively we can tell that the area of support found at ~ $12 (141.4%) in mid-November 2017 did not produce a new bull market. At the time there was a potential reversal at that region resulting in higher highs and therefore we could have pulled a NEW Trend-Based Fib Extension as shown below. As the new Trend-Based Fib Extension is identifying areas of a new uptrend, we see that these ares are shown in a way that they were not in the previously drawn Trend-Based Fib Extension. However, price was rejected at the 61.8% level and continued downward until the 0% extension level was broken, thus invalidating this Trend-Based Fib Extension. While the upward price trend did not continue, there was a local high that was made and thus could be utilized to create another Trend-Based Fib Extension to further identify areas of reversal for the continuing downtrend as shown below. Looking at this newly created Trend-Based Fib Extension, we see that the areas moving down to the 78.6% extension level are very well respected, at which time the price found support, creating a triple bottom reversal pattern. It is interesting to note that the 78.6% extension on this Trend-Based Fib Extension pull is at $1.82, and the 200% extension level from our first Trend-Based Fib Extension pull was at $1.95, a mere $0.13 difference in price. This area where the two levels of a Trend-Based Fib Extension or Retracement group together is know as a Fib cluster and indicates areas of strong support or resistance. With price forming a triple bottom and reversing from this level, is it possible that this is the bottom of the downtrend? Could a new Trend-Based Fib Extension now be pulled from a new Low/High/Low to identify potential areas of support and resistance? Give it a try and see what you find!
NYSE:AMCEducation
by TradingView
40
BTC - And the power of doing your own researchBTC Daily Chart update on a neater chart than the last BTC chart i did. First and foremost, we need to wait and see where this daily candle closes. BTC is back above its Leading Span A (Senkou Span A) resistance and is now in the Bullish Zone of the Ichimoku Cloud. BTC needs to close THIS daily candle in this zone. BTC is back above its Ichimoku Cloud Base Line (Kijun Sen) The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sharply upwards at the moment. BTC needs to eventually close a daily candle back above its 50EMA and the Ichimoku Cloud Conversion Line (Tenkan Sen). The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) now at 0.09. The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has started to curve upwards and may soon cross over the Signal line (Orange Line). We need the MACD to cross back over the Base Line at 0.0. Notice how todays histogram bar has gone lighter indicating sellers have lost some strenght. I have added a Trend Based Fib Extension so you can see what potential profit targets & possible resistance there might be on the way up. Obviously we need to wait for the daily candle close. If you have absolutely no idea what I’ve typed above, then i would seriously recommend spending a bit of time to do some TA research. It’s why my chart post are not price prediction post, but more educational post about what the indicators are actually indicating and what the price has above and below it. Hopefully I’m succeeding with this strategy and people are learning something new 😅🙏. You have to be careful, as there are so many people who may try and influence you. Case in point, if you were on the TradingView Chat during the crazy dip, and didn’t know what you were doing, then you might have been persuaded to sell everything at a massive loss because most of the people on that chat were jokers and screaming “this is the end” “$0 here we come” and “how does my p*nis work”. Many people were just looking at trend lines which pointed down but not that many were looking at the Ichimoku Cloud which tells you if it is an actual Bull, Bear or Undecided Market, and many weren't even looking at the RSI which dropped into the oversold zone on the daily. Ultimately, its your money and you should be the one deciding what to do with it, not some joker on the TradingView Chat. Please keep in mind what i have posted before, this is 2021 mainstream with big institutional investors, GreyScale, Musk, Bitcoin ETFs & actual use cases, not 2017/18 retail investor speculation. So remember, if you do your own research, even just a bit, it may save you from getting shaken out. I hope this is helpful. Good luck wit your Trading & Hodl-ing 👍🔥🔥🌍🌔🪐🛸👽
BITSTAMP:BTCUSDLong
by TradingThroughTheLens
11
LIT Falling WedgeLithium Australia NL (ASX:LIT) Is a Perth WA based company that aims to supply ethically and sustainably sourced materials to the battery industry worldwide. LIT has developed disruptive extraction technologies – including its proprietary SiLeach® process – and secured positions in lithium provinces around the globe, including Western Australia and Europe. 2 Scenarios I am looking at. Bullish: - Falling Wedge Pattern (Bullish) - MACD Bullish - RSI Trending and above the 50.00 - Price above MA 20 - Volume increasing I have identifed Bullish targets which are alligning with Previous Highs and Fractal Targets, also running Trend Based Fib Extension over the chart I have identified that Ratio Levels are close to other Bullish Targets mentioned before. Bearish: If price was to retest Daily Support and break then I would be looking at the next level of Previous Support. "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:LITLong
by Trader_Johnni
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
Todd River BullishTodd River Resources (ASX:TRT) is an Australian-based resources company that holds base and precious metal projects covering over 7,500 sq. km. of highly prospective geology in Western Australia and the Northern Territory. 2 potential scenarios. Bullish: - Short term Double Bottom - Testing short term downtrend resistance - MACD turning Bullish, anticipated cross - RSI broken above the 50.00 - Daily close above MA 20 Looking for retest of Previous High and if it is to break I have identified higher levels with Trend Based Fib Extension. Ongoing drilling programs and results pending. Bearish: If price fails short term downtrend resistance it most likely will retest Daily Support. If it cannot rally again I am looking for levels of Former Support and Longterm Uptrend. NOTE: Potential Descending Triangle pattern forming highlighted in yellow. "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."
TLong
by Trader_Johnni
DEX Ascending Triangle.Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra tenement. There are 2 TA scenarios currently IMO Bullish: - Ascending Triangle forming against daily Resistance. - MACD Bullish cross anticipated - RSI above 50.00 and broken short term downtrend - Fundamental news due within 2 months - Broken 20 MA Bullish - Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels. Bearish: If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30 "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."
DLong
by Trader_Johnni
ADA - Decided to post something differentCardano ADA UPDATE: I decided to do a little something different tonight and show some potential price targets with Trend Based Fibonacci Extension Levels. First and foremost, ADA is still in a longterm uptrend. If we look at the daily chart, you can see that ADA is still above its Bollinger Bands Middle Band Basis. ADA is also still consolidating in a very long Bollinger Bands Squeeze. ADA is still above its Longterm Pitchfork Median Line. If you want to see the full scale of it then check out a previous ADA chart i posted a few weeks ago. ADA is still above its Upper Yellow Pitchfork Support Line. I have added 2 previous Trend Based Fibonacci Extensions to show you what has transpired before and want may transpire again with the 3rd Trend Based Fib. Worthy of note is that the 3rd Trend Based Fibonacci Extension stays valid as is, if the candle indicated on the chart stays as the bottom for that pattern, so we don’t want any sudden crazy dips just yet. Looking at the 3rd Trend Based Fibonacci Extension, we can see what potential price targets ADA may hit if this Bollinger Bands Squeeze ends with an upwards surge, obviously nothing is set in stone but i believe ADA will end the Squeeze with upwards momentum 👍. Just keeping this one short and sweet. I hope this is helpful with your Trading & Hodl-ing 🔥🚀🌍🌔🪐🛸👽
BINANCE:ADAUSDLong
by TradingThroughTheLens
4
LifeSpot BreakoutASX:LSH LifeSpot Health Bullish Outlook: - Ascending Triangle forming against resistance - Uptrend respected - Volume increasing - MACD Bullish - RSI Bullish - Measured Move & TB Fib Extension Targets Aligning Bearish Outlook: If price is to be held below Daily Resistance and Breaks Uptrend then a return to @.10 is likely NOTE: Position would only be taken as resistance breaks. Risk Management and Position Sizing is also critical. "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."
LLong
by Trader_Johnni
Botanix Bullish Channel to Continue?Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne. Since posting my last idea on the 16th JAN, I thought since we are at another critical level to revisit the Idea and look at 3 posible forecasts. 1. Bullish - Respect Upward Channel - MACD weak and anticipating Bullish Cross - RSI Trending Bullish towards the 50.00 Level - TB Fib Extension level 1.618 aligning with upper band of Channel NOTE: price will need to see some Strong Volume and Bullish movement to break through the Ichimoku Cloud internal of the channel (could we be so lucky to receive an announcement worthy?) 2. Bullish off Daily Support (EQ) - If price is to break Uptrend Channel then a fall to Daily Equilibrium (Support) is likely. RSI is still below the Bullish 50.00 and MACD yet to cross Bullish. Price would also have to break through the Bearish ichimoku cloud that is identified. I think that lack of news and investment frustration could see price fall before a potential Double/Triple Bottom. 3. Bearish - Break of Upward Channel - Break of Daily Support - TB Fib Extension Targets aligning with key levels of Support - RSI would break uptrend - MACD would spread and continue Bearish NOTE: If price manages to fall below Daily Support then I would expect opportunistic buying at former levels of support before reversal. The "boys" holding this down are getting weaker and starting to sweat IMO GLTAH Disclosure: Held, Sentiment: Buy "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:BOTLong
by Trader_Johnni
1
Medlab Ascending Channel(ASX:MDC) Medlab Clinical Ltd is an Australian, publicly listed biotechnology company that is finding new ways to address the biggest challenges of our time including the growing burden of cancer, suboptimal pain management as well as enhancing drug delivery with nanotechnology. Bullish Outlook: - Ascending Channel - Internal Uptrend - Bounce off RSI 50.00 - MACD crossing Bullish - Testing Daily Resistance - Positive Product Announcement Looking to see if price will break upper band of Ascending Channel and test former Resistance levels which align with TB Fib Extension Targets (1.), or will price consolidate for a short time before it breaks Daily Resistance after retesting Internal Uptrend Trendline (2.) Bearish Outlook: If Internal Uptrend Fails then a return to Daily Resistance and Lower band of Ascending Channel is likely, If it is to fail then there are 2 levels of former Support to watch (3.) "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:MDCLong
by Trader_Johnni
AMD to respect Gann Fan?NASDAQ: AMD Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. Gann Fan Outlook: As we can clear see on the Weekly TF, AMD has respected this charted Gann Fan multiple times. Currently sitting above Angle 1/2, price action is telling us we are still currently above averagely "Bullish". Im interested to see If price breaks Daily Resistance and hits any of the charted TB Fib Extension Targets closer to the Angle 1/3. On the flip side if we break Daily Support & Former Support im interested to see if price action will return to the Angle 1/1 (which is also a former level of Resistance). Cheers to the next 6 months! "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."
NASDAQ:AMD
by Trader_Johnni
AMAZON new HIGHSNASDAQ: AMZN Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Bullish Outlook (WEEKLY): - MACRO Ascending Triangle forming against Weekly Resistance - TB Fib Extension target 0.786 lining up with Internal Fractal Move @3869.5 - MACD turning and anticipated Bullish Cross - RSI bounce of the 50.00 level - TB Fib Extension Target 1.618 also lining up with a flagpole target around 4900-5000 region at break of Weekly Resistance. NOTE: keep in mind the Weekly TF and that this would take IMO at least 6 months to play. Bearish Outlook Weekly: If Uptrend and Ascending Triangle pattern fails id expect a fall to @2900-3100 region. "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."
NASDAQ:AMZNLong
by Trader_Johnni
1
NIO Recharged?(NYSE:NIO) NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers a range of electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components. 2 Scenarios im looking at currently. Bullish Outlook: - Potential Bull flag Pattern forming - Still in Uptrend - Sitting on Daily Support - Daily Support is aligning with 0.5 Fib Retracement I'm waiting to see if Support holds and reaction from Uptrend, Bull flag validation relies upon upper downtrend trendline breaking. Bearish Outlook: If Daily Support fails and Trend Breaks then I'm looking to see what happens at EQ 48.94 "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."
NYSE:NIO
by Trader_Johnni
1
Botanix: Strength to StrengthBotanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne. Bullish Outlook: - Trending Bullish within Upward Channel - Double Bottom off Support - RSI not Overbought - TB Fib Targets Achievable - Positive news should see this continue trend Trading. "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:BOTLong
by Trader_Johnni
LKE Strong TrendLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Lake Resources looking bullish: - Strong Uptrend respected - Previous targets complete - Bullish Channel confirmed - MACD Bullish - RSI Trending Bullish - Bullish bounce of .328 Fib Retracement over last 2 days - Bullish Buying Volume - Market Structure currently Bullish Bearish Move: - Im expecting some Bearish action as traders take profit, RSI is slightly overbought. Consolidation within channel is possible. Watching Closely "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:LKELong
by Trader_Johnni
Raiden Recourses looking BULLISHRaiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects. Bullish Outlook: - Falling Wedge Continuation Pattern - Bullish Break of Downtrend Trendline - Fractal and TB Fib Extension Targets Aligning - Volume returning - Fundamental News as Exploration Begins 09/12 Bearish notes: - Unclosed GAP 0.023-0.025 "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:RDNLong
by Trader_Johnni
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects. Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below. Bullish: Cup an Handle Formation Bullish Market Structure Trending above the 20MA RSI trending above the 50 level Cup & Handle target aligning with other targets TB Fib Extension Final Target aligning with other targets Fib Retracement .382 aligning with other targets TB Fib Extension Target 1 looking achievable on the break Bearish: 2 levels of support are indicated if we fail completion and reject off resistance. Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus. Watchlist worthy. Disclosure: Held. Sentiment: Bullish. "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."
PLong
by Trader_Johnni
1