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Fibonacci

ADA/USDT Trading Scenario UpdateThe asset has shown a strong upward trend, rising from $0.3190 to $1.3264, indicating increased market interest. This growth was accompanied by higher trading volumes, which confirms its strength. Currently, ADA is in a correction phase, which has already retraced over 40% from its peak. The key POC (Point of Control) level of the current local uptrend cycle is at $0.5979. This volume-based level could serve as support and potentially mark the beginning of a reversal. For investors, this represents a good entry point to purchase the asset at a more favorable price before a potential altseason. It’s important to monitor the price action near this level, as its reaction could determine the further direction of movement.
by Rick_SimpleSwap
BNB vs USDT: Mastering Price Action for Profitable Trades!CRYPTOCAP:BNB ALEXGOLDHUNTER Chart Analysis: Binance Coin (BNB) vs Tether (USDT) on Binance (1-Hour Timeframe) Key Levels and Structures Break of Structure (BOS): BOS is marked at multiple points, indicating significant shifts in market structure. For example, BOS is noted around the 20th and 21st of the month. Change of Character (CHoCH): CHoCH is marked at several points, indicating potential reversals or shifts in market sentiment. For example, CHoCH is noted around the 21st and 22nd of the month. Fibonacci Retracement Levels: Key Fibonacci levels are marked at 0.382 (661.03398), 0.5 (656.655), 0.618 (652.27062), 0.705 (649.04745), and 0.786 (646.04154). Volume Profile: The volume profile on the left side shows the distribution of traded volume at different price levels, with higher volume nodes indicating strong support or resistance. Support and Resistance Zones: Resistance is noted around the 675-680 USDT range. Support is noted around the 645-650 USDT range. Buy Strategy Entry Point: Consider entering a buy position if the price breaks above the resistance level around 675-680 USDT with strong volume, confirming a bullish breakout. Alternatively, look for a pullback to the Fibonacci retracement levels (0.5 or 0.618) around 652-656 USDT for a potential buy entry if the price shows signs of reversal and support. Stop Loss: Place a stop loss below the recent swing low or below the 0.786 Fibonacci level around 646 USDT to manage risk. Take Profit: Set initial take profit targets at the next resistance levels or psychological round numbers, such as 700 USDT. Use trailing stops to lock in profits as the price moves in your favor. VIP Signal Format (lowercase) entry: 652-656 USDT (buy) tp1: 675-680 USDT tp2: 700 USDT sl: below 646 USDT Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a financial advisor before making any trading decisions. Follow @Alexgoldhunter for more strategic ideas and minds
Long
by Alexgoldhunter
ETH) vs USD Expert Price Action Strategies for Maximum Gains!BITSTAMP:ETHUSD ALEXGOLDHUNTER Chart Analysis: Ethereum (ETH) vs US Dollar (USD) on Bitstamp (1-Hour Timeframe) Key Levels and Structures Break of Structure (BOS): Indicated by significant price levels where the market structure has been broken. These levels are crucial for identifying potential support and resistance zones. Change of Character (ChOCH): Indicates a potential reversal in the market trend. Areas where the market sentiment might be shifting from bullish to bearish or vice versa. Fibonacci Retracement Levels 0.382: 3286.0466 0.618: 3327.6543 0.705: 3342.9915 0.786: 3357.2718 Volume Profile The volume profile shows trading activity at different price levels. Higher volume bars indicate strong interest and potential support/resistance zones. RSI and MACD Indicators RSI: Currently at 50.69, suggesting a neutral market condition. MACD: Value of 6.2, with the signal line at -9.6 and the histogram at -15.9, suggesting a potential bullish crossover if the MACD line crosses above the signal line. Buy Strategy Entry Point: Look for a bullish reversal pattern or strong bullish candle near the support level around 3286.0466 (0.382 Fibonacci level). Confirm the trend reversal with a Change of Character (ChOCH). Stop Loss: Place a stop loss below the recent swing low to minimize risk. Take Profit: First target at the 0.618 Fibonacci level (3327.6543). Second target at the 0.786 Fibonacci level (3357.2718). VIP Signal Format (lowercase) entry: 3286.0466 (buy) tp1: 3327.6543 tp2: 3357.2718 sl: Below recent swing low Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Always conduct your own research and due diligence before entering any trade. Follow @Alexgoldhunter for more strategic ideas and minds
BITSTAMP:ETHUSD
by Alexgoldhunter
Macro setup on BTC (bullish)Zooming out from the four-hour to the weekly (my favorite timeframe). It is easy to note that the chart does not look quite as bearish. The BBWP and stochastic RSI needed this cool off zone for a few days/weeks, this allows for continuation. BTC did not quite hit my target before the expected downturn. This remains my PT1. I believe we will see around 140k my April 1st given the fib projection. Once I see BTC hit around 140k, I will wait approximately 10 days and start to take profits on my alts I have been holding and averaging into. I am not willing to wait to see how that ends up. I will leave a few select alts to run until the end of cycle top which should be around 200k. Remember, no one ever got hurt from taking profits.
BINANCE:BTCUSDLong
by Apollo_21mil
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe. While Friday's high could be taken as part of a retracement, the overall trend remains bearish. There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure. Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes. Trade Safe ;)
Short
by jp7fx
1
Puts/Short setup on DRI (Darden Restaurants)NYSE:DRI gapped Up on Dec 19th. Fibonacci technical analysis: Now finding Resistance at Fib level –61.8% (188.82) on Upward Fib and Double Top formed. Price likely to retrace lower to retest the gap. My Downward Fib shows retracement levels 38.2 % at 171, 61.8% at 166.5, and 78.6% at 164. PUTS on NYSE:DRI with Target 1 at 178, Target 2 at 171, and Target 3 at 166.5 Stop Loss slightly above the –78.6% extension Fib level (199.25)
NYSE:DRIShort
by rose_excellence
4
BTCUSDT Expert Price Action Buy/Sell Strategies!BINANCE:BTCUSDT ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe) Key Levels and Zones Strong High: Around 96,570 USDT Swing High: Around 95,596 USDT Swing Low: Around 94,400 USDT Order Block (OB): Around 97,340 USDT Break of Structure (BOS): Indicates potential reversal or continuation Change of Character (CHoCH): Indicates trend reversal Fibonacci Retracement Levels 0.786: 96,570.2239 USDT 0.705: 92,474.48075 USDT 0.618: 95,596.8307 USDT 0.5: 95,225.995 USDT 0.382: 95,095.1593 USDT Buy Strategy Entry Point: Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT. Confirm the trend reversal with a Change of Character (CHoCH). Stop Loss: Place a stop loss below the recent swing low at 94,400 USDT to minimize risk. Take Profit: First target at the 0.618 Fibonacci level at 95,596.8307 USDT. Second target at the strong high around 96,570 USDT. Final target at the order block (OB) around 97,340 USDT. VIP Signal Format (lowercase) entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Follow @Alexgoldhunter for more strategic ideas and minds
by Alexgoldhunter
ACSUSD 12/6/2024ACSUSD Daily Chart Analysis Overview: After topping out between March and April 2024, ACSUSD experienced a steep downtrend, respecting the 50-day and 200-day EMAs until late October 2024. However, a reversal began in early November with strong signals pointing to bullish momentum. ________________________________________ Key Observations: 1. Reversal Pattern: o On November 4th and 5th, a Tweezer Bottom pattern formed, signaling a potential trend reversal. o Confirmation came the following day, supported by a significant volume spike. 2. Breakout and Pullback: o November 10th saw a massive +60% move, breaking through the 50-day EMA and briefly surpassing the 90-day EMA. o Price has since retraced below the 90-day EMA but holds firm at the 50-day EMA, establishing it as support. 3. Bullish Structure: o A trendline has emerged, guiding price upwards alongside support from the 10-day EMA. o Volume remains elevated, and the MACD continues to trend higher in bullish territory, further validating upward momentum. 4. Current Setup: o Price is sitting at a confluence of supports (trendline and 10-day EMA), presenting a strong risk-reward entry point. ________________________________________ Trade Plan: • Entry: 0.0021550 • Stop Loss: 0.0017915 (-16.87%) • Target #1: 0.0032318 (+49.98%, 2.96 RR ratio) • Target #2: 0.0044041 (+104.99%, 6.32 RR ratio) ________________________________________ This setup aligns with a continuation of bullish momentum, supported by technical indicators and favorable market conditions.
COINBASE:ACSUSDLong
by rudcharts
5
BTC heads up at 97.8k: Genesis fib and Last Stop before 105kShown here is a single fib series in three different time frames. The Genesis Sequence has caught every major turn since 2015. This fib is a "minor" ratio but a big jump from Golden fib below. $ 97,769.44 (Coinbase) is the exact level of concern. It is PROBABLE that we see a pullback from it. It is POSSIBLE that it marks 'a' top or even 'the' top. It is PLAUSIBLE to orbit a few times and then continue. ======================================================
COINBASE:BTCUSD
by EuroMotif
16
Bitcoin - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: (Daily TF) 73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. A trough is formed in daily chart at 92424 on 12/23/2024, so more gains to resistance(s) 99607, 102700, 108293 and more heights is expected. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (94200 to 92231). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (94200) Ending of entry zone (92231) Take Profits: 99607 102700 108293 110000 115000 118281 120000 125000 130000 134468 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BINANCE:BTCUSDLong
by ForecastCity
What if Santa is REAL?!Hear me out. Santa is coming this year. Let's assume that the correction is over for the Christmas' sake, in a simple ABC zigzag, and we the low set at $1.9 was the local low. Right now, we could be simply in the beginning of the final impulse in 2024. From my point of view based on the subwave count, we could be waiting for a wave (3) of the intermediate degree to take out the ATH. How confident can I be in this scenario and the Santa rally? Not so much. Unless BTC retakes 100K, stabilizes around there, and the dominance relaxes to allow the altcoin market to breathe, I'd still assume we are range bound in a wedge.
BITSTAMP:XRPUSDLong
by amourification
Amer Sports Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Amer Sports Inc. - Double Formation * Trend Line 1 & 2 | Completed Survey * Retracement Not Numbered | Subdivision 1 - Triple Formation * 012345 | Wave Count Survey Entry Settings * Retracement | (1)) | Subdivision 2 * Daily Time Frame | Configuration | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:ASLong
by TradePolitics
NYKAAOn this chart, there are lines called "Fibonacci retrenchment levels," which help predict where the price might go up or down. Here's the simple breakdown: The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart. The blue arrow on the chart suggests that the price might go up. There's also a note saying that the price might increase. In short, the chart is trying to predict that the price will go up and shows some important points where it might change direction. If you have any specific questions, feel free to ask!
NSE:NYKAAEducation
by iVishalPal
SOL - Cup and handle formingLooking for the handle to finish forming, and for a rush of volume to come in. This pattern has been forming for the last 3 years so if it does play out, it would likely be a big move. My first target is between the 2.618 and 3.618 extensions. This has the potential to go a whole lot further than the 3.618 Fibonacci extension, if it goes the whole depth of the cup that would put the price into the upper 7700's. Watch for the volume as the handle finishes!
COINBASE:SOLUSDLong
by ataylor05
2025 GBP/USD Outlook Fundamental & Technical PreviewFundamental analysis WHSELFINVEST:GBPUSD showed resilience in 2024, falling just 1% across the year. The pair experienced strong gains between April to September, rising from a low of 1.23 to a high of 1.34. However, GBP/USD fell 5% in the final quarter of the year amid notable USD strength, pulling GBP/USD from 1.34 to the 1.25 level where it trades at the time of writing. While the pound booked losses against the US dollar in 2024, GBP's performance against other major peers was impressive, rising solidly against EUR, CHF, CAD, AUD, and JPY. GBP/USD has been supported across 2024 by the BoE cutting rates at a slower pace than the Federal Reserve and by the expectation that this trend would continue in 2025. However, Donald Trump's victory in the US election, combined with the Labour government’s Budget, means that the outlook for both economies has changed, potentially impacting the direction of monetary policy in 2025 for both central banks and GBP/USD. GBP/USD outlook – UK economic factors Growth The UK economy is expected to continue to grow in 2025. However, GDP could be weaker than the 1.5% forecast by the BoE owing to several key factors, including uncertainty surrounding trade and a less expansionary UK budget. Trump’s second term in the White House brings uncertainty, and UK trade will be under the spotlight. While the UK isn’t directly in the firing line for tariffs, the openness of the UK economy means a global shift towards increased tariffs could hurt growth prospects. However, should the UK pursue and achieve closer ties with the US or the EU, this could help growth but not to the extent of reducing the impact of Brexit. The extent of the indirect impact of trade tariffs on the UK will depend on their magnitude. The UK is already experiencing depressed growth, which Trump’s action could exasperate. The BoE forecasts GDP growth of 0% in Q4 2024 and 1.5% in 2025. The OECD forecasts 1.7% growth, and Bloomberg's survey of economists points to growth of 1.3%. Inflation In November, inflation in the UK was 2.6% YoY, rising for a second straight month and remaining above the Bank of England's 2% target as wage growth and service sector inflation remain sticky. The labour market has shown signs of easing, but unemployment remains low by historical standards at 4.2%, and wage growth elevated at 5.2%. We expect some softening in the UK job market following the Labour government’s first Budget. Chancellor Rachel Reeves placed a major tax burden on employers with a rise in employer National Insurance contributions and an increase in the minimum wage. A broad range of UK labour market indicators point to a weakening outlook, with surveys indicating that UK firms (especially smaller firms) are scaling back hiring plans. Although wage growth and service sector inflation were slightly firmer than expected at the end of 2024, the disinflationary trend remains intact, with core inflation well below last year's highs. The BoE projections show CPI could reach 2.7% in 2025 before easing to 2.5% in 2026. However, this could be lower if the labour market weakens further and if growth remains lacklustre. Will the BoE cut rates in 2025? At the final BoE meeting in 2025, the BoE left interest rates unchanged at 4.75%, in line with expectations. However, the vote split was more dovish than expected, at 6-3 compared to the 8-1 forecast. This suggests that dovish momentum is building within the monetary policy committee for a rate cut in February. The central bank signaled gradual, rare cuts throughout 2025 amid sticky inflation, although policymakers are increasingly concerned over the growth outlook. The market is pricing 50 basis points worth of cuts in 2025, supporting the pound. However, this could be conservative given that the labour market could weaken considerably following the Budget. A weaker labour market will lower wage growth and impact consumption, potentially cooling inflation faster. Uncertainty surrounding trade could ease inflationary pressures further in 2025, meaning deeper cuts from the BoE than the market is pricing in. As a result, GBP could come under pressure across H1 2025. GBP/USD outlook - US economic factors USD strength was nothing short of impressive in Q4. The USD index jumped 5% to reach a two-year high, supported by expectations that the Federal Reserve could cut rates at a slower pace in 2025. Despite the outsized move in Q4, we expect further USD strength in 2025. At the time of writing, US CPI has risen for the past two months, reaching 2.7% YoY in November. Core PCE is also proving to be sticky, remaining above the Federal Reserve's 2% target. Earlier confidence at the Federal Reserve that inflation would continue falling to the 2% target appears to have faded amid ongoing US economic exceptionalism and a cooling but not collapsing labour market. Signs of sticky inflation come as the US job market remains resilient. Nonfarm payrolls for November showed 227k jobs were added. Unemployment has ticked higher but is expected to end 2025 at 4.3%, down from 4.4% previously expected. Meanwhile, economic growth in the US remains solid. The US recorded Q3 GDP as 3.1% annually, up from 2.8% in Q2. According to the OECD, the US is expected to see strong growth among the G7 economies, with 2.8% growth expected in 2024 and 2.4% forecast for 2025. A combination of sticky-than-expected inflation, solid growth, and a resilient jobs market suggests that the US economy is on a strong footing as Trump comes into power. Political factors Trump is widely expected to implement inflationary measures, including tax cuts and trade tariffs. Inflationary policies at a time when US inflation is starting to heat up again could create more of a headache for the Federal Reserve continuing with its easing cycle. Will the Federal Reserve cut rates in 2025? At its last meeting of 2024, the Federal Reserve cut interest rates by 25 basis points, marking the second consecutive 25-basis-point cut and following a 50-basis-point reduction in September, when it kicked off its rate-cutting cycle. However, the Fed also signaled slower and shallower rate cuts in 2025. Fed Chair Powell’s press conference and policymakers’ updated projections confirm that the Fed will be much more cautious next year. The Fed increased its inflation forecast to 2.5% YoY, up from 2.1%, and isn’t expected to reach 2% until 2027. The market is pricing in just 35 basis points worth of cuts next year, and the first rate cut isn’t expected until July. However, Trump’s policy plans will be the most significant determinant of the Fed's decisions regarding rates next year. Technical analysis Overview The GBP/USD pair has been in a clear downtrend since its peak in May 2021, marked by a swing high of ~1.4205 and a subsequent low of ~1.1800 in September 2022. The recent price action suggests the pair is consolidating near key psychological and technical levels, hinting at potential future moves. This analysis incorporates a refined Fibonacci retracement that spans the broader bearish cycle for a more holistic perspective. Long-Term Fibonacci Analysis The updated Fibonacci retracement has been applied from the May 2021 high of ~1.4205 to the September 2022 low of ~1.1800. This adjustment provides a better representation of the long-term market structure and aligns key levels with historical price reactions: 23.6% Retracement Level (~1.4007): This level aligns closely with the psychological 1.4000 level, making it a key resistance area should the pair see a bullish recovery. 38.2% Retracement Level (~1.3884): This level historically coincides with areas of consolidation and resistance, suggesting it could act as a ceiling for mid-term rallies. 50% Retracement Level (~1.3785): Situated near prior structural highs, this is a crucial midpoint for evaluating the strength of any bullish correction. 61.8% Retracement Level (~1.3660): Often referred to as the "golden ratio," this level aligns with significant historical resistance, further reinforcing its importance. 78.6% Retracement Level (~1.3548): This deeper retracement could serve as an area of rejection in a bullish recovery scenario. Short-Term Impulse Fibonacci Analysis Focusing on the most recent bearish impulse, the Fibonacci retracement spans from the swing high of 1.3170 (August 2023) to the recent low of 1.2384. Key levels from this retracement include: 23.6% Retracement Level (~1.2612): The price has hovered around this level recently, suggesting it acts as a local resistance point. 38.2% Retracement Level (~1.2785): This level is bolstered by confluence with horizontal resistance, making it a critical test for bullish momentum. 50% Retracement Level (~1.2850): Represents a midpoint and potential short-term rejection area. 1.618 Fibonacci Extension (~1.2139): This provides a logical downside target should the bearish trend continue. 3.618 and 4.236 Extensions (~1.1164 and ~1.0644): These deeper levels indicate the potential for significant bearish continuation in the long term. Other technical indicators Moving Averages The 21-week SMA (~1.2924) remains above the current price, acting as dynamic resistance. The 50-week SMA (~1.2785) coincides with the 38.2% retracement of the recent impulse, reinforcing its importance. RSI and MACD The RSI (47.96) is below the midpoint of 50, indicating bearish momentum. Watch for divergence near key Fibonacci levels. The MACD histogram is negative, with no signs of an imminent crossover, confirming bearish pressure. Support and Resistance Zones Key Resistance Levels 1.2612: Recent price interactions suggest this is a significant short-term barrier. 1.2785: The 38.2% retracement of the impulse move, coinciding with the 50-week SMA. 1.3000: A psychological level with historical significance. 1.4000: The 23.6% retracement of the broader move and a long-term target for bullish recovery. Key Support Levels 1.2384: The recent swing low. 1.2139: The 1.618 extension of the recent impulse move. 1.2000: A critical psychological threshold. 1.1164 and 1.0644: Deeper Fibonacci extensions providing long-term bearish targets. Conclusion The GBP/USD pair remains in a bearish trend, with key levels from the updated Fibonacci retracement offering valuable insights for both potential reversals and continuation scenarios. Traders should monitor the interaction of price with the 1.2612 and 1.2785 resistance levels, while keeping an eye on the downside targets of 1.2139 and below. The RSI and MACD confirm bearish momentum, while moving averages provide additional context for dynamic support and resistance. A multi-timeframe approach will be crucial in navigating this pair over the coming months, with the broader trend still probably favoring the bears. -- written by Fiona Cincotta & WH SelfInvest
Short
by WHSelfInvest
KLA-Tencor Corporation | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # KLA-Tencor Corporation - Double Formation * A+ Set Up)) | Completed Survey At 900.00 USD * Retracement | Not Numbered | Subdivision 1 - Triple Formation * Pattern Confirmation | Entry Bias | Reversed | Subdivision 2 * WXY Correctional Condition * Daily Time Frame | Trend Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:KLAC
by TradePolitics
RIL Prediction (2024 Dec 24) - RetracementNot a BHS recommendation. Just Sharing my idea. CSELK:RIL.N0000 - The overall weekly trend is uptrend. Timeframe - Daily Higher High is formed @13.80 and Retracement is already happening Possible reversal between 12.5-12.4 (From the highlighted red box) Confirmations for the reversal: Close to Fibonacci golden pocket Hidden bullish divergence is formed Fundamentals: NAV is according to the latest financial statement (2024 Sept quarter) is 25.52. So PBV is below 1. RIL has 51% ownership of CSELK:UML.N0000 Expecting to reach the Price to 15, which is the next daily resistance. The uptrend resistance might also intercept this resistance level at 15.
CSELK:RIL.N0000Long
by chathurashan89