EthanTW

EthanTW Updated 

BYBIT:ETHUSDT - 1) Strong support from uptrend line 2) Downtrend line was broke out 3) Vegas_12ema was broke out - Profit Targets: 1) 3163-----Around resistance zone 2) 3285.35-----Next Downtrend line and Reverse Fib(0.382) level Stop losses: 1) 2780-----Green horizontal ray

EthanTW Updated 

BYBIT:AVAXUSDT - A rising wedge is building since 9/12 Although lots people told rising wedge is bearish flag, I think we could catch chance if made good use of it. - Apparently, the bottom of this wedge shows strong support before Also, price gained support gradually on Fib(0.382) and Fib(0.5), can note there are two lower shadow on Fib(0.5) Therefore, We...

EthanTW

BYBIT:ETHUSD - Resistance zone is formed of lows on 9/B~9/M and highs on 9/E With reversed Fibonacci retracement, support zone is marked. *You can refer to my last analysis about ETHUSD, showed how Darvas Box gives a support zone. - Here, time-space trade off is necessary to wait for the downtrend line keeps going.(blue dashed line) Therefore, we expect the...

EthanTW Updated 

BYBIT:ETHUSD 4H trend chart - 1. Resistance Recently, ETHUSD has vibration in an invert Fibonacci retracement. Floor of Blue Darvas box and Fib(1) show a resistance currently, so the price might try to touch Fib(1.382) around 2549.15 in future. 2. Support After price touched Fib(1.272) and Vegas tunnel_676ema , it rallied back rapidly. ETCUSD is still...

EthanTW

BYBIT:DOTUSDT 4H trend chart - From 9/22, Price rallied back to 33.495 which level is the invert Fibonacci retracement(0.382) after touching 25.505 Then pullback is ongoing and form a Head and Shoulders pattern. Currently, observe price will fall down 25.505, which is Neckline of H&S. If there is a candlestick get down through the neckline, H&S pattern is...

EthanTW

BYBIT:BTCUSD 4H trend chart - After Head and Shoulders pattern completed, price rapidly pulled back to 39500(around Fib(1.382)) We could see the Neckline from Head and Shoulders formed a Resistance zone for BTC currently. On the other hand, should note that Fibonacci retracement_1.382 and Vegas tunnel_576/676ema showed a support level. Next, we regard it as a...

EthanTW

BYBIT:BTCUSD 1H trend chart After price touched Fib(0.5), price had broken out 1st downtrend and it rallied back to Fib(0.618) which is 43977. Meanwhile, Fib(0.618) is also a support level in previous price vibration So consider it as a support zone. Now, expect BTC could consolidate between 2nd downtrend and support zone further form a descending triangle,...

EthanTW

TWSE:4927 4H trend chart Long: 1)Vegas tunnel_144/169 had a support 2)Price rally Fib(0.382) support level 3) Breaks out downtrend line 4) Breaks out 12ema Profit Targets: a) 74.2-----Fib(1) b) 79.8~82.1-----Fib(1.272~1.382) Stop losses: a) 64.9-----previous lows

EthanTW

TWSE:6756 4H trend chart There is an obvious Cup and Handle 9/17 Handle Downtrend breakout Next challenge: 530~540_above downtrend and Fib(1) Hold firm above 540 is better. So if breaks above resistance and hold steady, trading plan as below: Profit Targets: a) 587~606-----Fib(1.272~1.382) b) 712-----Fib(2) Stop losses: a) 454-----Fib(0.5)

EthanTW

BYBIT:ETHUSD 4H trend chart Long: 1)Vegas tunnel_576/676 had a support for price 2)Price rally Fib(0.382) level 3) Breaks out downtrend line 4) Breaks out 12ema But should note the above downtrend resistance. Profit Targets: a) 4037-----Fib(1) b) 4550~4758-----Fib(1.272~1.382) Stop losses: a) 2642-----previous lows