FAN
SHOP descending wedge is as at a lower edgeWhile I'd look for a breakout to the upside to this descending wedge, I think it's equally likely that price will bounce off my purple breakout line and head down for another leg. We'll have to wait and see.
It's also noteworthy to notice we're now trading below the grey resistance area, so that might add an additional ceiling to bounce off.
Pitchfan From ScratchHello, traders!
Today we’ll continue to speak about graphical tools of trading view. We have already completed Fib. Retracement, Gann Square and different kinds of Pitchfork. Today we’ll speak about extremely useful tool, that we are integrating in our strategies. So, ladies and gentlemen, love and favor, Pitchfan.
A Pitchfan is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence.it is recommended to apply a Pitchfan after the first wave of the trend has passed and the correction has clearly begun.
To draw a Pitchfan, it's first and second points are to be set at the trend's extreme points, and the third point is to be set at the extreme point of the first correction wave.
Basically, during the bullish trend, put the first point to the beginning of the trend, second to first confirmed higher high, third to the first confirmed higher low. Whereas during bearish trend put the first point to the beginning of the trend, second to first confirmed lower low, third to first confirmed lower high.
When I say «confirmed», I mean two-three candles should close after the high lower and after the low - higher. Kinda difficult? Have a look at the chart and should become more clear.
What does it say?
Initially, if you plot it correctly, it’ll give you clear support resistance levels. This’s information, in my opinion is priceless for any trader cause it’s much easier to predict the future price movements. But the best of usage, seems to me, in conjunction with Fib Retracement or Trend based Fib. Extension. If it’s interesting to you, dear traders, write down to comments and advise the third indicator or tool. So, we’ll make the trading strategy together.
Read my tutorials, write questions to comments and you are about to boost up. Have a nice trading week, dear traders!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Kin updated 2021 possible bullrun projectionI am using the Gann Fan fib to see possible support and resistance lines for Kin while we move forward to the end of this 2021 Bullrun. I have my own red line and blue line projections and I am leaning towards the blue line, to be honest. Please do not take this as investment advice as I am only sharing my belief and opinion on possible targets. If Kin lands a huge partnership or a huge exchange listing then this may change our layout somewhat but for now, I am pretty confident that we may actually see a price between $0.005 and $0.01 by years end.
Short term analysis: BNB Upthrust in progress? So we have a possible ABC correction shown on the chart. Volume seems to confirm that.
Then we have waves 1 and 2, bouncing between the two green boxes (support and resistance) and now we've possibly begun wave 3 from the FAN support line, which should take us to the top of the wycoff distribution/re-accumulation box. I would suspect the redux resistance from the impulse down from the climax will be the resistance there, forming a wave 4 down to the green box for support. And then we have the final wave 5 that should form the actual upthrust, that should go to at least the previous climax, if not a little higher, but only a little bit, as we are not on any breakout yet, this is still a phase of distribution/re-accumulation.
After the upthrust, you would expect things to dip back down into the brown box (possibly half way, or even all the way) before building up for the final upthrust after accumulation/distribution. And at that point, the market decides whether to push BNB to new highs (the 8800 target perhaps), or whether this is distribution, and we fall much lower.
Let's see how this plays out. Obviously the ball is pretty much entirely in Bitcoins hands today, but in my opinion BTC is bullish today (Sunday); but tomorrow will be the big uncertainty!
BB Fundamentals and TechnicalsDon't see this as a "meme stock" right now and think it's got some great news under it, such as:
+Partnership with IBM
+Amazon AWS and BlackBerry Partner for NEw Intelligent Vehicle Data Platform
+BlackBerry QNX used in Motiuonal Driverless Platform (Hyundai, Aptiv)
+Facebook settlement to be announced
+Partner with Baidu to work on a New Autonomous Driving Technology
+Achieved National Security Agency (NSA) Approval for BlackBerry UEM
+Sold 90 key smartphone patents to Huawei
+Recieved Eleven "Employer of Choice' and "Best Place to Work" Awards
As far as technicals go, I think the odds of a pivot in trend right now are very high. Recently after these "meme stocks" have their initial pop or begin their pop, they like to pop again at the lowest Gann fan line (support), which is known as the 8/1. I have a great example of this in one of my recent posts on SNDL, go check it out if you're interested. The 4/1 line will act as a key resistance at the start of this pivot, any buy-in before this resistance is tested should be good and neither premature nor too late. I don't like to set a solid price target in my analysis, but with the assumption that exponential growth occurs when higher highs are made, the 2/1 would serve as strong resistance for a top.
PSG/USDT Opened for Trading in BINANCE - FAN TOKENSPSG(Paris Saint-Germain) Recently launched its first FAN TOKEN ! And not only this, but the most exciting news is that it was also listed in BINANCE, the largest crypto exchange system in the world!
Other European fan clubs have already created their own version of a decentralized crypto token and their prices and movements can be checked here .
But why I believe PSG(Paris Saint-Germain) is going to overcome the others and this is so relevant?
For those who are following up what is going on with the Crypto world, we see a huge movement after ETH launched its 2.0 network based on the Proof of Stake (PoS) model. DeFi is the buzzword that is going to drive the new generation of blockchain technologies. We are not bullish in cryptos because of the cheap BTC marketers are back saying it is gold. No! We are bullish because ETH is evolving and becoming more energy-efficient. Blockchain is not what we learned at the beginning. As a "cryptography" model to make transactions more safe, it's now "obsolete". Anyone can copy the same model and make new "digital gold" for themselves. But what we see now is the Tokenization of Money (read more about Decentralized Finance or DeFi ).
So, for those who want to take their chances trading something it is gonna be really useful and fun, try trading PSG/USDT in the next months. I believe it's price is going to reach $50 very soon. Watch it!
YM 4h chart, wave denial, gann fan, RSI, Volumei think i never published anything on YM but i consult it every day
now futures sometimes gives you noises
lets see with a wider range
gann fan is always better in a bullish move since everybody says markets only go up
but its a very good indicator for predicting levels it could reach if something happened
interest rates are at zéro, dept at a record high, covid entering second wave,
gann fan says where we're going down
RSI as a pattern and we did two lows lately
dont take my work as a suggestion
im mainly wrong
if you think is usefull, leave a tip
tx!