Get started

Fibonacci

Comcast Wave Analysis – 22 May 2025 - Comcast reversed from resistance area - Likely to fall to support level 34.00 Comcast recently reversed down from the resistance area between the resistance level 35.40, upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance zone started the active impulse wave 3, which today broke the daily up channel from April. Given the clear daily downtrend, Comcast can be expected to fall to the next support level 34.00 (low of the previous minor correction (b)).
NASDAQ:CMCSAShort
by FxProGlobal
RIOT: The Sleeper Trade to $130📈 RIOT to $130? The Bull Case Is Heating Up RIOT Platforms is primed for a major breakout — multi-year triangle compression on the weekly, identical to its 2020 setup before a 35x move. We’re now approaching the 1:1 time Fib window (2021 top → 2022 bottom → 2023 echo high), the same cycle structure that triggered the last parabolic rally. BTC at $111K, eyeing $160K. History says miners lag then explode. RIOT gained 35x in the last BTC breakout — this cycle could easily echo that with a $130 target (0.886, last cycle price hit the 0.786, prior to that, the 0.65 so the logical next target is the 0.886 Fundamentals are locked in: ⚡️ Hash rate: 33.7 EH/s 🧱 Producing 500+ BTC/month 🧮 Cost per BTC: ~$44K → profit margins >70% at $160K BTC 💰 Treasury: 19,000+ BTC (~$2B) 🏭 New Corsicana site online, scalable beyond 35 EH/s Sentiment setup is explosive: 🔥 High short interest = squeeze fuel 🔁 Chart reclaiming macro trendline + coiled tight 🧠 Retail and institutional flows rotating into miners Cycle symmetry. BTC tailwind. High-beta name with short squeeze potential. Riot’s $130 move is technically, fundamentally, and psychologically primed. #RIOT #Bitcoin #BTC #CryptoMiners #Breakout #Compression #BullRun
NASDAQ:RIOTLong
by TheTraderAndy
4
USD Reversal From 2025 Downtrend- DXY Short-term LevelsThe US Dollar Index rallied more than 4% off confluent support with the recovery failing at the yearly downtrend this month. The decline is responding to initial support late in the week with the near-term recovery may be vulnerable as we head into the close of the month. A look at DXY price actions shows the index rebounding off support today at 99.40/47- a region defined by the 61.8% retracement of the April rally and the May low-day close (LDC). Initial resistance is eyed at the 38.2% retracement of the recent decline / 2024 low-close at 100.35 with key resistance around the 50% retracement at 100.65- note that the April trendline converges on this threshold over the next few days. Ultimately, a breach above the Friday close / 61.8% retracement at 100.97 is needed to suggest a more significant low was registered last month / validate a breakout of the yearly downtrend. A break below the weekly lows would threaten resumption of the broader downtrend towards subsequent objectives seen at the 78.6% retracement at 98.79 and key support at 97.71-98.39- a region defined by the 2018 swing high, the 2025 swing low, and the 61.8% retracement of the 2018 advance. Look for a larger reaction there IF reached. Bottom line: The U.S. Dollar has broken below a multi-week uptrend with the bulls now attempting to mark resumption of the yearly downtrend. From a trading standpoint, rallies would need to be limited to 100.65 IF the index is heading lower on this stretch with a close below 99.40 needed to fuel the next leg of the decline. Keep in mind we get the release of key U.S. inflation data next week with core personal consumption expenditures (PCE) on tap into the close of the month. Stay nimble into the release and watch the weekly closes here for guidance. -MB
TVC:DXY
by FOREXcom
BTC traffic update and channel exit.As we can see, the BTC price is moving according to the previously mentioned rules. Here we can see how the price left channel number 1 at the top, and the increase after leaving the channel gave an upward movement at the level of the height of the channel itself. In this situation, it is worth paying attention to channel number 2, from which we also previously got an exit at the top with a strong upward movement, currently we can see how the price is fighting with strong resistance at the level of $ 111,500, however, taking into account the height of channel number 2, we can mark the level of around $ 121,500 as another very strong resistance.
INDEX:BTCUSDLong
by cryptodailyuk
Bitcoin (BTC/USD) – 1D Outlook🚀 New All-Time High BTC just printed a fresh ATH, breaking above the previous 109-110K resistance. Price discovery is now fully active support/resistance levels are harder to define clearly in this zone. 📏 Fibonacci Extension Zone Using the Fibonacci extension of the previous major leg, we get a first realistic target around 130K, slightly front-running the 1.618 level a common zone for major profit-taking. 📌 Things to Monitor While momentum remains strong, macro risks still hover : Global recession fears Geopolitical tensions CPI / FOMC surprises Any of those could trigger a risk-off environment, stalling the BTC rally or triggering a sharper correction. 🎯 What’s next? As long as the trend holds above 103-105K (former structure highs), bulls remain firmly in control. A move to 130K isn’t out of reach but stay reactive to macro shocks that could cool down the rally.
VANTAGE:BTCUSDLong
by BenMcyInsights
GOLD – Technical Update (1H) After a strong bullish leg, gold is currently in a natural correction phase. We're now sitting right on the 50% Fibonacci retracement of the previous move. If the bullish momentum remains intact, this level could act as a solid re-entry point and fuel the next upward push. However, a deeper retracement into the OTE zone (around 3260–3250) remains possible if the market needs to gather more liquidity before continuing higher. 🔍 Key levels to monitor : 3280-3275 → mid-retracement (current zone) 3260-3250 → deeper OTE support if momentum fades 3340-3360 → target zone if buyers take back control This is a healthy consolidation in a bullish context. Let's see how price reacts in the next few hours 👀
TVC:GOLDLong
by BenMcyInsights
UNH watch $288-297: Double Golden zone a serious Long Term Buy?UNH keeps getting bad news but may have bottomed. Wave may have tested Double Golden fibs successfully. Looking for some consolidation then launch of recovery. $287.91-296.92 (Gold) is the key zone of interest. $382.05-384.18 (Red) is the first long term target. $251.94-255.83 (Green) is the MUST_HOLD bottom. . Previous Analysis that caught the top EXACTLY Follow and Boost to encourage more such PRECISE charts. ================================================== .
NYSE:UNH
by EuroMotif
4
BTC is high! Any Weakness?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bitcoin Breaks to All-Time Highs — What’s Next for Price Structure? Bitcoin has officially pushed into new all-time highs, and while the move wasn’t entirely unexpected, it still packs a punch. We discussed this possibility in recent videos, though I wasn’t fully convinced at the time. That’s the nature of trading—uncertainty is the cost of admission, and conviction builds as structure confirms. As always, I was watching the price action closely. BTC started providing the clues needed to lean into the more bullish interpretation. The levels held. The flips were clean. Momentum lined up. That said, I did take some speculative shorts at lower degrees—not to fight the trend, but to respect possible overextensions within the count. For those following the Elliott Wave roadmap, these intraday reactions were worth probing, but nothing confirmed a larger reversal yet. The key now is structure. We’re currently navigating uncharted territory, and in these zones, understanding wave context and market behavior around prior resistance becomes even more critical. There’s no overhead supply—only psychology, fib projections and profit-taking to watch for. Here’s what I’m focused on: Clear labeling of the motive sequence—is this the end of a Wave 3 or just a smaller subdivision? Volume behavior and momentum divergence—looking for any signals that we’re near exhaustion. Pullback zones—marking areas where Wave 4 or consolidation might emerge, if it’s due. This is a time to stay sharp, not euphoric. Trade safe, trade smart, trade clarity.
COINBASE:BTCUSDLong
by CryptoKnee
Will BIST100 beat inflation?BIST100, which has been trending horizontally and falling for a long time, I think it can rise from here and the final rise phase will come. It is too early to say this before the new ATH comes, but I think the 10.9k region is the decision point. When it stays above it, after a move to the 11.8 region, the price should be watched carefully and be cautious. It will look like second BTC 69k ath. So in these times, I think it would be more logical to proceed with a shorter hit and run.
BIST:XU100Long
by mooniron
1
Crude Oil – Geopolitical Risks and Stockpiles Impacting PricesThe recent reduction in global trade tensions has helped Crude Oil (WTI) prices recover from lows of 55.64 seen on May 5th, to trade comfortably above 60 for the last 2 weeks. Traders have readjusted their thinking and positioning to account for a slightly more stable background for the global economy, and its potential influence on upcoming demand for Oil. However, despite this, tests of the recent highs at 65.33, seen on April 23rd, have been few and far between, although yesterday saw a spike in Crude Oil prices up to a 1 month high of 64.60 on a CNN report that suggested that Israel has drawn up plans to attack Iran's nuclear facilities. While prices have since moved lower again, the market reaction to this news does highlight the sensitivity of traders to any potential escalation in geopolitical risks in the region. It is also important to remember that traders are still awaiting updates on progress from US/Iran talks to curb Iran's nuclear activities. President Trump only a week ago said a deal was getting close, while Iran's top negotiator has seen shed some doubt over whether that's the case. Either way, updates on both of these crucial events may well influence Crude Oil prices moving forward. Adding to yesterday's volatile moves was a weekly report providing an update on the size of US Oil inventories which always grabs the attention of traders. Yesterday's release quickly dashed any hopes of a fresh move to test higher levels as it outlined an increase in stockpiles to 10 month highs and a fall in gasoline demand, which saw prices fall back lower (61.71 low) into the recent trading range. This extra volatility within the recent trading range sets up a potentially tense finish to the week for Crude Oil prices, so its often useful to check out the technical landscape for further insight. Technical Update: Evidence Points to a Sideways Range Since the sharp acceleration lower into the 55.20 April 9th 2025 low, Crude Oil has seen a consolidation emerge, with the mid-April recovery finding resistance at 65.15, which is equal to the 38.2% Fibonacci retracement of January 15th to April 9th 2025 weakness (see chart below). This activity looks to have established both upper and lower extremes of a sideways range in price, especially as the latest price movement has been held within these levels, which are 65.15 to the upside and 55.20 to the downside. Within technical analysis, this highlights something of a ‘battle’ between buyers and sellers, where price weakness is supported by buyers at or just above the 55.20 low, while price strength runs into resistance, as sellers continue to be found near the 38.2% retracement level at 65.15. Adding Bollinger Bands To Support Trading Decisions Now look at the chart below, where we include Bollinger bands alongside price action. This also appears to support an argument that a sideways trading range is forming. The mid-average is currently flat with both the upper and lower Bollinger bands parallel to it, outlining that balanced price volatility is evident for now. This suggests the sideways range may well continue with the upper band, currently at 64.77 and the lower band, currently at 57.36. We could argue that with the proximity of both the 65.15 Fibonacci retracement resistance to the upside, and the 55.20 April 9th low to the downside, upper extremes of the current range are 64.77/65.15, and lower levels of the current range are between 55.20/57.36. What Could This Mean for Crude Oil? For now at least, from a technical perspective the risks appear for the price of Crude Oil to remain within the confines of the current 55.20/57.36 up to 64.77/65.15 trading range, as there is no evidence emerging of an imminent breakout yet. A closing breakout from the current range is required to suggest potential for a more extended phase of price movement,. Of course, while any closing break is not a guarantee of a sustained move in the direction of the eventual break, any closes above 65.12/15 might see traders anticipate a further recovery in price towards 68.13, which is equal to the 50% Fibonacci retracement, even 71.17, the higher 61.8% level. To the downside, closes below the 55.20/57.30 lower daily Bollinger band and April 9th price low, might now be needed to skew possibilities towards a more extended phase of weakness. Such activity might then suggest potential for further downside, towards 51.38, which was a price low established in January 2021. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
Has the S&P 500 rally ended?The US stock indices saw a noticeable drop in recent trading sessions, as markets wait for President Donald Trump’s new tax plan and its implications for US debt. The S&P 500 had surged more than 23% since April, but the rally seems to have ended from a technical point of view, reflecting rising concerns about the US economy. A bearish divergence appeared while prices were making higher highs, the RSI (Relative Strength Index) was making lower highs. This is a negative signal, and it played out clearly, pushing the index down to a new low. This suggests that bearish momentum is still strong. What’s the possible next move? Any current rise in the market may just be a temporary correction in a larger downtrend. A key resistance level for the S&P 500 is 5,937.55, which is 78% of the recent move based on Fibonacci retracement. The price could react negatively there, either with a small pullback or by continuing the downward trend toward 5,850.23. However, if the price rises above 5,971.53 and closes above it on the daily chart, the negative outlook would be invalidated, and it could signal the beginning of a new upward trend.
CFI:US500
by CFI
NZDJPY Wave Analysis – 22 May 2025- NZDJPY reversed from resistance zone - Likely to fall to support level 84.00 NZDJPY currency pair recently reversed down from the resistance zone between the resistance level 87.30 (which has been reversing the price from February, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance zone stopped the previous intermediate ABC correction (A). Given the overriding daily downtrend, NZDJPY currency pair can be expected to fall to the next support level 84.00 (low of the previous minor correction B).
Short
by FxProGlobal