Onward, to the trend line! Stock is reacting to an inverse fibonacci level which has traded sideways the last several weeks, and is now pumping to a major trend line. $230 is where I'd expect to see some selling. The lower fibonacci level from there is a certainly a possibility so holding beyond $230 for me seems risky, knowing this trend line could easily...
See chart ^. Looking for a breakout of this bull flag. Totally bottomed out based on inverse fibonacci. Looking to trade up to weekly price levels *Not Trading Advice
Consolidated, MA's curling up.. Weekly Stoch RSI & MAC D looking good & crossing.. Everything tightening up as a whole. This'll be interesting.. *Not trading advice
Looks like the inverse fibonacci's have bottomed out & the price is smack up against a major trend line, with the 4hr MA's curling up nicely under the price, & the stoch rsi & mac d looking nice on the weekly. *Not trading advice
I'm long on SUSHI & have been the last few weeks, after all the inverse fibonacci's had bottomed out & the price became pressed against that massive diagonal trend line. This chart is a 4hr chart, & I believe we're just essentially in consolidation before a move up. These are some possible targets where the price might dip to, barring a big sudden move up without...
After yesterday's huge price movement, a retracement was definitely to be expected. We've formed a pretty solid bull flag on the hourly and we're just about done working out way through it. The price is pretty bottomed out IMO, so there really isn't anywhere to go but up unless we trade sideways instead.. *Not trading advice
I previously had planned to sell at $17.70, just short of a major price level. I'm going to play it safer and take profit at the weekly MA marked on the chart instead. *Not trading advice.
For the first time since appx April 10th, the price of BTC has gotten seriously close to the 200 MA on the 4hr chart. Similarly, several of the alt coins have done so, or more over, have entirely cleared the MA's on the their respective 4hr charts. This is a pivotal moment for BTC's short term action- does the price break above this 200 MA & give us some...
Broke out of the bull flag, came back down into it, started to form a fibonacci, retraced to the 50%, now we're looking to head back up & head to the 618 of the larger fibonacci around $35. *Not trading advice, just my personal analysis.
618 extension of fibonacci. I will sell just short of this likely to front run the price. I am certain it could very well blow past that, but I'm going to play it safe since I'm holding an options position.
Zoom out to the weekly chart- there is a massive trendline looming over the price. It is SO close to breaking out above it. Possible fibonacci target in play- the first point of the fibonacci still needs to be carved out, I believe. Multiple places for where this could happen, based on the price levels & MA's on larger time frames. I am looking for $2.24...
Wouldn't be surprised to see a drop to $21 but I don't want to miss this boat. Fibonacci's extension pressed against the trend line. If this extension does not hold & the trend line rejects, will be looking to add at $11 and then $3. *Not trading advice
Trend line ready to blow after huge consolidation? Price is resting right up against it. Maybe good for a quick pop, at the very least. More consolidation needed I believe before trend swaps to bullish overall. *Not trading advice
I spot a 50% fibonacci retracement- a non/inverse fibonacci sequence, that falls right over the trend line present in the larger zoomed out view of the entire price history movement. The fibonacci extensions are marked. I'm eyeing the first extension, the 618 placing the price at $35.75. I can see a scenario here where real selling happens and the price tumbles...
Price is sitting right against the major trend line, inverse fibonacci on the 2nd to last extension, stoch rsi & mac d on weekly looking good too... thoughts? Not trading advice*
Easy to read chart- price pressing against the major trend line. Lots of consolidation. Bottomed out fibs. Stoch RSI still needs a bit more flattening on the month in my opinion? Thoughts? *Not trading advice.
We've got a working trend line the price has nearly met, a nice little pocket of a wedge we're working to fill, a double bottom, and bottomed out fibonacci retracements... Might this be a good buy for a doubling or tripling of money, in the next year? This little wedge looks like it might take a number of more months to fill in, but aside from that? Of course.....
I'd venture to say that either of these two options are the likely possibilities, with the most important factor being the price clearing the trend line. Ideas are my own & not trading advice.