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CHZ: Fibo 0.5 and Trend Line Confirmation ! Title: "CHZ: Fibonacci Retest and Trend Line Confirmation Point to Bullish Trajectory!" 🚀 Hey Crypto Enthusiasts, Exciting developments in the CHZ (Chiliz) chart as it navigates a crucial point on the global Fibonacci grid, signaling potential bullish momentum. Recent events include a vital retest of the 0.5 Fibonacci level and a confirming retest of the secret upper trend line. With these factors in play, the first target is set at $0.3. Let's dive into the details. 📈🔄 CHZ's Fibonacci Retest and Trend Line Confirmation: Global Fibonacci Perspective: When stretching the Fibonacci grid from the beginning to the highest point, CHZ has recently retested the key 0.5 level, a pivotal point in understanding potential bullish movements. Secret Upper Trend Line Retest: Adding to the bullish narrative, CHZ has also conducted a retest of the secret upper trend line, further validating the potential for an upward trajectory. Key Price Levels: 0.5 Fibonacci Retest Confirmation: Observing the confirmation of the recent retest at the 0.5 Fibonacci level, highlighting its significance in the broader market structure. First Target: $0.3: With the confirmation of both the Fibonacci retest and trend line, the first target is set at $0.3, representing the initial milestone in a potential bullish cycle. Trading Strategy: Confirmation and Entry: Await confirmation of both the Fibonacci retest and trend line retest, ensuring they align with supportive price action and volume. Strategic Entry Points: Plan entry points strategically based on confirmed patterns, considering your risk tolerance and trading strategy. Risk Management: Implement sound risk management practices, including the use of stop-loss orders, to navigate market uncertainties. Conclusion: CHZ's recent actions on the global Fibonacci scale and the confirming trend line retest paint a bullish picture for the asset. With the first target set at $0.3, traders have an exciting opportunity to capitalize on potential upward momentum. Wishing you prosperous trades as CHZ charts its course! ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Bitcoin Retest Major ResistanceBitcoin (BTC) is on the verge of a crucial breakthrough as it approaches a significant upper trendline. While history shows that similar scenarios often lead to bearish reversals, this time, Bitcoin is demonstrating remarkable strength in crossing the barrier, with sights set on the $50,000 milestone. 📈🪙 Breaking Down the Resistance In the world of cryptocurrency trading, breaking through major resistance levels is a defining moment. It often signifies a shift in market sentiment, either to the bullish or bearish side. Historically, these resistance levels have tested the resolve of traders and investors, sometimes leading to market downturns. Bitcoin's Journey: Overcoming Resistance As Bitcoin continues its journey, it's important to acknowledge the notable development: the breach of a significant upper trendline. This move reflects the current bullish momentum. The Next Target: $50,000 With Bitcoin's recent performance and the successful breach of this significant resistance, the crypto community has set its sights on the next milestone: $50,000. Achieving this level would be a testament to Bitcoin's resilience and could signal further upside potential. Trading Strategy: Capitalizing on the Momentum For cryptocurrency traders, this moment presents opportunities to capitalize on Bitcoin's strength. Monitor the price action closely, especially in light of the recent breakthrough. Conclusion: Bitcoin's Remarkable Journey Continues Bitcoin's ability to push through a critical resistance level is a testament to its strength and resilience. While historical data can provide insights, it's essential to adapt to current market conditions, which are dynamic and ever-evolving. 📈 Bitcoin Analysis | 🚀 Cryptocurrency Insights | 💡 Trading Strategies ❗See related ideas below❗ Share your thoughts, insights, and predictions on this exciting development. 💚🚀💚
Long
by Yaroslav_Krasko
JICPT| Chewy bullish setup works, approaching target1!Hello everyone. This is a follow-up post regarding the bullish setup of Chewy published 10 days ago. Price has been up by ten dollars from 85.38 to 96.94 as of now. The first target is 100 with the second one around 120. The logic of the setup remains the same. If you're interested, please refer to the linked idea below. It couldn't be better to watch the setup works. If it doesn't, I'd like to review the process, and try to figure out there is any missing part. If it caused by the breaking news, I would let it pass and focus on the next one. Give me a like you're with me. Have a nice weekend!
NYSE:CHWYLong
by JICPT
GBPAUD Short Entry IdeaHey there, This is a continuation from Yesterdays post on a short position I took on GBPAUD which hit our take profit with a decent 4:1 risk rewards ratio. From the chart we can see 4 bearish confirmations: 1: Descending channel 2: Inverted Head & Shoulders pattern 3: Fail retest of the neckline which was previously a support area, rejected the test and confirmed the Inverted Head and Shoulder Pattern. 4: Bearish pennant just after multiple tests of the support in the descending channel. Waiting for a break out to the down side on the flag. Entering at 1.93641 SL at 1.94029 TP1 at 1.92497 TP2 at 1.91780 Overall risk reward of 4:1 Thanks.
Short
by LewisBWalsh