Trader408

Trader408

📈 SOL/USDT Long-Term Setup: Potential for 100%+ Upside or 16% Downside This chart presents a Fibonacci-based technical outlook on Solana (SOL/USDT) on the daily timeframe. 🔍 Key Highlights: Current price: $150.65 Major resistance zones: $177.12, $183.22, and $199.05 Fibonacci retracement levels (from $294.75 high): 0.618 at $171.32 0.5 at $200.08 0.382 at...

Trader408

its a descending channel. Usually, a fractal is preceded by 3 driver but in this case, I have identified a channel that might indicate a reversal. Let me know what you thing of it. NFA.

Trader408

Its likely to see price increase with btc performance so far. A blow off the top to complete the three driver target to A

Trader408

This is a fib extension that is yet to complete at 1. / $18 Once $18 his, it will be the break out of the falling wedge. Price has attempted to break golden fib severally. I t might happen this time.

Trader408

A livermmore cylinder pattern might breakout here. First take profit is at fib 1. You can also wait for the breakout to this point and reenter at 0.236. Not financial advice.

Trader408

Head and shoulder pattern on DOT. This pattern is a variation of a double bottom. the right shoulder represents the retest of the double bottom. we could see a breakout to $7

Trader408 Updated 

A trend is likely to give an opportunity for a re-entry.

Trader408

If this plays out, take profit along the way • This is a reversal pattern and you can use it for a short or long position as long as you can identify it on either an inverted or normal chart • The pattern is characterised by Higher low followed by a lower low and a deep dive that can be traded. * You can allow the deep dive to play out completely before taking...

Trader408

In strong bull case, we can see a new swing high In case of a rejection at 29k, we should expect a lower price at 18800 and its up from there.

Trader408 Updated 

Seeing a possible flush to the 22k area. this is because of the fractal pattern that has now broken down. Entry at 25800 or higher. Bulls expect a double bottom bullish move but are in for a surprise . Refer to the linked post

Trader408 Updated 

0.5 fib bounce. Can move to -1.618 Strategy 3 0.5 fib method • There is a chance that at 0.5/0.618 Fib. There will be a trade opportunity. • It is used to follow a trend long or short. • It can also be used in an inverted chart.

Trader408

Trend reversal or continuation. Buying zone from 5.5 to 4.5.

Trader408

Reversal or continuation channel Channels are part of the pattern strategy but will be explained separately because of its specific requirements. • It begins a trend reversal if successful or becomes a continuation pattern if invalidated. E.g. link1, link2, link3 • Points ABCD make an harmonic pattern and point C is the minimum target for this and at point C the...

Trader408

Hello This is a strategy that can be confirm via pattern identification, harmonic forecasting and fib extensions. ABCD harmonic fib extension • The safest way to use this strategy is to start analysing at number 2 • At number 2, a reasonable swing has occurred and we can estimate that it is 0.113 • Draw up you fib ext from the HH to the LL and then set the LH to...

Trader408

• When price breaks a trendline and begins to move to 0.5 fib level, • The inability of price to go beyond the 0.5 level is an opportunity to take a trade • Enter a trade at 0.5 and close at extension of -0.27

Trader408

3 driver patterns • This is a reversal pattern and you can use it for a short or long position as long as you can identify it on either an inverted or normal chart • The pattern is characterised by Higher low followed by a lower low and a deep low

Trader408

0.618 fib confirmation swing • This strategy provides opportunity for multiple trades • First swing to 0.618 occurs after breaking a trendline. • Once price is able to swing to 0.618, certainly confirms a higher probability that price will retrace to the entry for a much higher swing. * • This can be used on inverted charts as well.

Trader408

• This is a reversal pattern and you can use it for a short or long position as long as you can identify it on either an inverted or normal chart • The pattern is characterised by Higher low followed by a lower low and a deep dive that can be traded. * You can allow the deep dive to play out completely before taking the reversal position * Research more on...