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Fibonacci

Alibaba: Will $BABA Bounce Back or Break Key Support (Daily TF)Hey everyone, below is an analysis on NYSE:BABA using MACD, RSI, Fibonacci levels and technical (gap) levels. Current Price Levels: NYSE:BABA is trading around $89.35, down significantly (~26%) from its October 7 high of $117.82. A notable gap between $85 and $86.95 suggests this is a key level of interest for potential support or further downside risk. Momentum Indicators: MACD: Shows signs of curling upward, which could indicate momentum shifting toward bullish sentiment. RSI: Currently not oversold (at 36), but still in a relatively low range, suggesting there is room for price recovery. Technical Levels: Gaps and Fibonacci retracements are marked as potential resistance and support zones: Gap resistance levels: $93.33-$95.05 and $96.80-$99.18. Higher resistance levels around $104.41 (gap from October 15) and $117.82 (October high). Previous daily high at $89.50 could act as near-term resistance. Fibonacci Levels: The chart includes a retracement from the October high ($117.82) to recent lows, with levels such as 0.236 ($90.29), 0.5 ($102.53), and 0.786 ($111.27) potentially serving as resistance on any upward move. Feedback and Outlook: Support and Resistance Analysis: Support: The gap zone between $85-$86.95 may provide a strong base if selling pressure continues. A break below $85 could indicate further downside. Resistance: Short-term resistance is seen at $90.29 (0.236 Fib level) and $93.33-$95.05 (gap resistance). These levels will likely be tested if buying pressure builds. Gaps to Be Filled: If the price begins to recover, the first upside target would be filling the $93.33-$95.05 gap. This aligns with Fibonacci retracement levels and may act as strong resistance. Outlook: Bullish Case: If momentum continues to build, expect a recovery toward the $93-$95 range, with further potential to reach $102 (50% retracement). This would require breaking above immediate resistance at $90.29. Bearish Case: If the current support at $85 fails, further downside to test levels around $80 or lower is possible. Final Thoughts: The chart suggests a cautious bullish outlook in the short term, especially if the $85 support holds. Watch for price action and volume around the resistance zones to confirm whether this is a dead-cat bounce or a true reversal. Currently in NYSE:BABA 1/17/25 $100c (BOT @ $1.73).
NYSE:BABALong
by Brandonthrives
TRON (TRX) on the Road to $0.64? An Analysis for the Community🚀 TRON (TRX) on the Road to $0.64? An Analysis for the Community 🚀 TRON (TRX) is showing strong signs of a potential price surge, with a realistic target of $0.64 based on Fibonacci levels and technical indicators. Here’s why TRX looks bullish heading into 2025: 1️⃣ Technical Analysis The current chart analysis reveals: Fibonacci Level 1.618 highlights $0.64 as a possible target. Strong support levels at $0.24 and $0.28 are holding firm, paving the way for further growth. The price is following a clear uptrend and has recently broken key resistance levels. 2️⃣ Fundamental Strength TRON's ecosystem continues to expand at a rapid pace: Partnership with Bitget: TRON recently announced a collaboration with Bitget, one of the leading cryptocurrency exchanges. This partnership boosts global adoption and liquidity for TRX. Leading in dApps: TRON remains one of the top blockchains for decentralized applications and smart contracts. 3️⃣ Positive Market Momentum USDT-TRC20 Dominance: TRON continues to gain strength globally, driven by the rising adoption of USDT on the TRC-20 network, which offers faster and cheaper transactions compared to alternatives. Bull Market Catalysts: As the broader crypto market enters a bullish phase, TRON is uniquely positioned to benefit, thanks to its established presence across all major exchanges and its robust ecosystem. 4️⃣ Why $0.64? Analysts believe the combination of increased network utility, growing adoption of TRC-20 USDT, and TRON’s technical strength could push the price to $0.64. While the crypto markets are inherently volatile, TRON has historically demonstrated its ability to rally quickly. What’s Your Take? What are your thoughts on the partnership between TRON and Bitget? Do you believe $0.64 is achievable in 2025? Share your opinions with the community! 🌐 📢 Disclaimer: This is not financial advice. Please do your own research before making investment decisions!
Long
by Loveiceroollss
WLD Trade Idea | 4:1 RR | Bullish Crab Pattern + Fib Support 🔍 Trade Analysis: This setup leverages a Bullish Crab Pattern identified on the 4H timeframe, showing confluence with a strong support zone. Additionally, on the daily timeframe, WLD is holding above the 0.786 Fibonacci retracement level, reinforcing the bullish bias. 📊 Trade Parameters: - Entry: CMP at 2.192 - Stop-Loss: 1.94 (below key support) - Target Price (TP): 3.16 - Risk-to-Reward Ratio (RR): 4:1 ⚠️ Important Note: As we approach the holiday season, market volume might remain low, increasing the likelihood of choppy price action or unexpected volatility. Consider reducing position sizes and managing risk effectively. --- Disclaimer: This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risks and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Trade responsibly, especially during periods of low market activity like the holiday season.
Long
by karmatseringhyolmo
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone. The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair. The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO. Technically, against the background of a strong rallying dollar, the euro has almost no chance. If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term. Resistance levels: 1.0448, 1.053 Support levels: 1.033, 1.022 At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline. Regards R. Linda!
Short
by RLinda
1
NEAR long entryhello to everybody and welcome back to another analysis with me, I hope you are all doing well. in this analysis, we are gonna take a long position on NEAR. after dumping for days, the price finally gave us a structure shift in the higher time frame and after pulling back for a day, the pullback phase is potentially over because we got a change of character in the lower time frame and it potentially means that the price is ready to go higher and take out the high that I targeted and make a higher high in 1h TF (hopefully). remember to manage your risk and we all trade by probability, not certainty. this is not financial advice and is my personal trades and opinions on the market so keep that in mind. thanks for reading and have a great day. <3
Long
by IEatGreenPaper
Nasdaq 100 Wave Analysis 23 December 2024 - Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance level 22000.00 Nasdaq 100 index recently reversed up from the strong support level 21000.00 (former resistance from the start of November), intersecting with the support trendline of the daily up channel from November and the 50% Fibonacci correction of the upward impulse from October. The upward reversal from the support level 21000.00 created the daily Japanese candlesticks reversal pattern Long-legged Doji. Given the clear daily uptrend, Nasdaq 100 index can be expected to rise to the next resistance level 22000.00, which stopped the previous impulse wave i.
NASDAQ:NDXLong
by FxProGlobal
EURCAD Short SignalAnalysis: Why EURCAD is bearish 1. inversion fair value gap (IFVG): Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active. 2nd Fibonacci retracement level: The 70.5% level (1.49630) is a significant resistance area. These levels are often used to open short positions, especially when they coincide with other resistance indicators, such as the IFVG in this case. 3rd order block (OB-): Price has tested a previous bearish order block (OB), which is also in the resistance zone. This area is often used as an entry point for sellers, as many sell orders are collected there. 4. structural reversal: The recent move into the resistance area shows a clear reaction, indicating a possible reversal to the downtrend. As long as the price does not form significant higher highs, the overall structure remains bearish. Conclusion: EURCAD is showing clear signs of a bearish reversal. The IFVG area, Fibonacci resistances and the order block reinforce the case for a short position. A potential target could lie in lower support areas if the price continues to form low highs and lows. Translated with DeepL.com (free version)
Short
by DavidOakFx
EconOptic| Is BITCOIN heading towards 90K?4-Hour Timeframe Analysis The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave. Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe, starting from the first low before the beginning of the previous upward wave (before breaking the daily box) to the recent high. This tool highlights the 0.382 level, which could indicate strong bullish momentum if it turns out to be Bitcoin’s bottom. Alongside these two tools, we also have a support zone in the same area. Lastly, the 1:1 risk-to-reward target of the ascending channel aligns with this support zone and the levels identified by the Fibonacci tools. Together, these factors form a Potential Reversal Zone (PRZ). However, despite these indications, I will not base my entry solely on them, as they are probabilities and do not guarantee a reversal. Bitcoin may still be inclined to decline further. I will only consider entering a long position if I see confirmed price support, stabilization, and the initiation of a new upward momentum. All of these remain probabilities for now.
by EconOptic
1
BNB Bull Run Prediction WeeklyBNB is being used widely in the binance platform it self which has pretty big BNB community. Thats a side, price is finally performing a break out after 4 years with 4 rejeceted price levels... Okay thats great but How can we predict the possible tops? I've used fib levels 1.618 and 2.618 in the chart as u can see. What if Run Fails? I don't know if possible but if ever bnb comes to 200 dollars and below there will be insane amount of buying pressure. Possibly Banks and instutions will use that level to push the price back to 1k This bull run, likely will lead bnb coin to 2x easily, But why it cant do 10x 20x 30x just like before? Well with the increased market cap, i dont think we will see those old insane profits anymore, especially in big coins like btc solana ethereum xrp and bnb and more. My analysis is just to look back and see my mistakes. This is just a diary.
Long
by YilmazBatal