After we witnessed Shiba sky rocket, as always we were to expect a good pull back/reversal to the golden buy area of 78.6, as well as retesting that descending trend line, giving us a great opportunity and risk:reward ratio for a long term or even a short term buy expecting a minimum of 10X return !!
We can see after the rally LTC has come back down to retest previous resistance now turned support as well as hitting tbe78.6% fib level giving us a great long opportunity
Great RR ratio given price has reached true golden zone of 78.6% great set up for a great short
Following an upward impulse price has reached the golden buy area of 61.8-78.6 fib zone
Following the bearish impulse we see an ABCDE pattern as well as the retracement to the 78.6 level. Good sell opportunity before the reversal
I’m going to wait for price to drop down to the last major support and 61.8-78-6 fib levels. Price will most likely reach 78.6 and that’s where I expect to see a reversal followed by a major upside move.
Nice well opportunity. Good r&r Would want price to reach alittle higher and touch 78.6 zone again
US30 currently in the buy zone between 61.8-78.6 fib zones. Wouldn't hurt to wait a bit more and see if it drops to touch 78.6. Good medium term trade up to 34200 zone.
Gold looks like it will retrace up to make higher lows to continue the longterm bearish momentum
Looks like XAUUSD is headed up for one more bullish push before finally reversing. Will be waiting for price to reach the 78.6 level at zone $2000 to enter short, but will also be looking for reversal patterns at this current level.
Heres to another try with a better RR with the bearish reversal on gold. Looking back, i should have just waited for price to reach the weekly resistance. Anytime you ask yourself why price went where it did, check the weekly chart and that will most likely answer your question 95 % of the time. Still looking to short gold and everything else that comes along...
Hi guys. been looking for gold to reverse for a couple weeks now, looks like its finally reversing and on its waaaaay down. Dollar needs a big rise which will cause gold to fall. Trade at your own risk
Bearish opportunity off the retracement Trade at your own risk
Buying NFT now as it has reached a key support and 61.8% level. It could possibly drop down to 78.6% or even 100% and retest the ascending trendline before it rises again surpassing all time highs
Placing a long term buy position when market opens. Clear cut set up. If 78.6% doesn’t hold, I’d expect a 100% retracement and then the rise
Looking to enter a short position on the 78.6% level which is also previous support turned resistance and a retest of the broken trend line. If price reaches this level it would also be creating the second shoulder for a nice head and shoulders reversal pattern. A shooting star for a weekly close would signal at least a medium term bearish reversal
Clear inverse head and shoulders on Daily Retest of previous resistance current support on intra day timeframes. Above all, bullish dias due to bearsh DXY bias :)