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Fibonacci

DigiByte (DGB)On the above 5-day chart price action has corrected 95% since a sell signal in April 2021. A number of reasons now exist to be long.. 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong positive divergence between the oscillators and price action. This divergence is measured over 100 days. 4) Price action finds support on the golden ratio following the breakout. Is it possible for price action to fall further? Sure. Is it probable? No. Ww Type: Trade Risk: <= 6% Timeframe to open: Now - don’t hang around. Return: no idea
Long
by without_worries
13
BNB/USDT 4h chart review Hello everyone, let's look at the current situation of BNB in ​​the USDT pair considering the four-hour interval. In this situation, we can see how the price, despite the rebound, remains above the local upward trend line. Let's start by setting goals for the near future, which include: T1 = $613 T2 = $626 T3 = $652 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $592 SL2 = $579 SL3 = $559 SL4 = $545 Looking at the RSI indicator, the recovery resulted in a significant move on the indicator, but there is still room for a larger decline.
by cryptodailyuk
ShibaInu SHIB price at critical zoneJust look who decided to wake up - it's our sweet #ShibaInu CRYPTOCAP:SHIB price is near the upper boundary of the falling channel, it can break through to $0.000020-0.000021 But a safe medium-term purchase, after the OKX:SHIBUSDT price breaks out and fixes outside the channel and closer to $0.000015 This is depicted schematically with a blue zigzag) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
3
AEVO - Young Project With Huge Upside PotentialI did some research on newer projects in top 200 and AEVO is one of the two most bullish tokens I found. After breaking out from the descending channel and then retesting it and confirming support, it has been moving sideways and, while not technically in uptrend yet, looks ready for a reversal. BTC pair has a similar picture and is now consolidating in a falling wedge. As this is a new project, I'm expecting it to easily make a new ATH. My final target is $20 (1.618 extension) which would be around 50x from current levels.
CRYPTO:AEVOUSDLong
by function_mechanic
Sell ​​Gold in 2740-2750 areaGold has risen to around 2740 driven by geopolitical risks. Obviously, gold is currently in a clear bullish trend, but the more it gets to this point, the more dangerous it is. Gold is now completely out of the normal range of rise. We can see that gold does not give a big chance of callback at all now, just to make more people chase long gold at a high level. But chasing long gold in this way can easily get trapped at the top. As for the top area of this round of gold's rise, I expect it to be in the 2740-2750 area. So after gold touches this area, gold may fall back at any time. So in short-term trading, we can start shorting gold in batches in the 2740-2750 area. So, bros, while you are immersed in the enthusiasm of going long on gold, I am now shorting gold in batches! Let's look forward to the next results!
OANDA:XAUUSDShort
by Trading-Hawkeye
Fibonacci Retracements: Finding Key Levels the Easy WayIn this video, I’ll walk you through how I use Fibonacci retracements to spot those key pullback levels where price might bounce and keep trending. It all comes from an old-school math genius named Leonardo of Pisa (aka Fibonacci), but don’t worry – no crazy math here, just practical trading tools. The main levels I focus on? 38.2%, 50%, and 61.8%. IF price holds at one of these levels, THEN it’s a good sign the trend could keep going. IF NOT, THEN I stay ready for a deeper pullback. Using this tool helps me stay ahead and manage trades with more confidence. Your Turn: Here’s a fun exercise – draw Fibonacci retracements on different timeframes, from the weekly all the way down to the 5-minute chart. Check how the levels overlap or line up. Those overlaps, or confluences, are where some of the best trades happen! If this clicks with you, hit like, drop a comment, or follow – I’ll keep sharing more tips to help you crush the markets! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
2
ASII Buy Trade Setup1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 4830, also the break of previous downtrend, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 4790 - 4940. 3. Trade Execution Entry Price: 5100 ( Long Bullish Bar on 21 Oct 24) SL: 4770 (FVG) TP1: 5900 Risk-Reward Ratio (RRR): 1:2.4 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:ASIILong
by Phoenix-Rise-Trade
XAGUSD Potential BuyTime Frame: - Daily: (FVG Identification) - H4 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 32.50 - 32.75 area, indicating a continuation in market sentiment. 2. Fair Value Gap (FVG): On the daily chart noted a Fair Value Gap (FVG) between 32.00 - 33.45. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
FX:XAGUSDLong
by Phoenix-Rise-Trade
Potential Correction in XAU/USD After Recent Bull RunThe price of XAU/USD has experienced a significant upward rally from $2,605 on October 10, 2024, to $2,741 as of October 21, 2024. This impressive bull run has been largely driven by market euphoria surrounding expectations of interest rate cuts. Investors have flocked to safe-haven assets like gold in anticipation of a looser monetary policy, boosting its appeal and driving prices higher. However, despite the ongoing bullish sentiment, there are signs that a potential correction may be on the horizon. When analyzing the recent movement using the Fibonacci retracement tool, the golden ratio (61.8%) suggests a key level of potential support around $2,695. This level could act as a corrective target for profit-taking or a temporary pullback before the next leg higher. A retreat to $2,695 would align with the natural ebb and flow of price action after an extended bullish phase, providing an opportunity for the market to consolidate gains before resuming its upward trend. In the 15-minute chart, XAU/USD is currently forming a bearish rising wedge pattern, a technical signal often associated with potential downward movement. This formation indicates that the recent bullish momentum may be losing steam, suggesting a reversal could be imminent. The narrowing price range within the wedge hints at weakening buying pressure, setting the stage for a possible breakdown. Given the recent extended rally, traders may begin to take profits in the near term, especially as the upward momentum in XAU/USD shows signs of exhaustion. This could lead to increased selling pressure, amplifying the likelihood of a short-term correction. If the price breaks below the lower boundary of the wedge, it would confirm the bearish signal, increasing the chances of a move towards key support levels, such as the previously mentioned $2,695 level. Traders looking to capitalize on this setup should closely monitor the price action for a clear breakdown, as it could offer strategic entry points for short positions or profit-taking opportunities for long traders. Traders and investors should keep a close eye on this level, as a confirmed correction could present buying opportunities for those seeking to enter the market at a lower price. Conversely, if the price holds above key support levels, the bull run could continue, especially if macroeconomic factors such as additional rate cuts or geopolitical tensions further fuel gold's allure. In conclusion, while the recent rally has been impressive, prudence suggests being prepared for a potential correction, especially with $2,695 emerging as a key technical level to watch.
OANDA:XAUUSDShort
by fardycurry
Gold Long Opportunity: Descending Channel Breakout on H4I'm currently observing a bullish opportunity on gold with a descending channel formation on the H4 chart. A breakout above the channel could signal a strong reversal, providing a potential long entry. Trade Setup: Timeframe: H4 Entry: On a confirmed breakout above the descending channel Targets: First target at the 127.2% Fibonacci level (2707) Second target at the 161.8% Fibonacci level (2735) Stop-loss: Just below the breakout point or at recent swing lows, adjusted for volatility Stay alert for a confirmed breakout as price action could trigger a sharp upward move toward the Fibonacci targets.
OANDA:XAUUSDLong
by SRA_Trades
ApeCoin APE price gave a ray of hope, for the first time in 2.5yWhat happened in #ApeCoin that the price gained +160% in 3 days?) In principle, OKX:APEUSDT still has the potential to rise to $2, and then "they" can draw an inverted head and shoulders. Although, it's a bit scary to "get long" before $0.85. At the #SUIUSDT chart has clearly worked out this pattern. Another concern is how thin the crypto market is: a little effort and you can pump the asset so much that #APE which has been in a stable downward trend for more than 2.5 years, “jumped” to 4th place in terms of trading volume, right after CRYPTOCAP:BTC , CRYPTOCAP:ETH and CRYPTOCAP:SOL _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
GBP/JPY 15-Minute AnalysisWe are looking at a potential short-term buying opportunity on GBP/JPY. The price has found support near the 195.000 level, and a pullback towards the 38.20% - 50% Fibonacci retracement levels could offer a great entry point. Key details: 🟢 Support zone: Between 194.750 and 195.000. 📈 Resistance: Around the 195.400 - 195.600 levels, with potential to reach the 195.800 zone. After a short consolidation, we expect a move up if the price holds above 194.800. 🟢 Look for potential long entries as the price pulls back, with stops below the 194.600 zone and an upside target in the 195.500 area. ⚠️ Risk management is key—let's give the market room to breathe and aim for a solid 60-80 pips as the price moves higher.
Long
by AEL_Education
Bullish Outlook on XRPUSDKey Reasons for a Bullish Bias: 1. Positive Market Sentiment: XRP has recently broken through an important resistance level, which shows that traders are feeling optimistic about its future. 2. Bullish Technical Patterns: An inverted Head and Shoulders pattern has formed, suggesting that XRP might be ready for a price increase. 3. Improving Regulations: Recent developments in cryptocurrency regulations are becoming more favorable, which could attract more institutional investors to XRP. I plan to use probabilities based on historical data and the X1X2 methodology to enter long positions in XRP. Here’s why: - Learning from the Past: By looking at past price movements and historical data of XRP, I can spot biases that might help predict future behavior. - X1X2 Methodology: This method helps me identify key price levels to enter and exit trades, making my strategy more focused. - Smart Risk Management: By using probabilities, I can set stop-loss orders at strategic points, reducing my risk and making more informed decisions. In summary, with a positive market outlook and a solid trading strategy based on historical data and mathematical rules, I’m confident in taking long positions in XRPUSD. Traders, if you found this idea helpful or have your own thoughts on it, please share in the comments. I’d love to hear from you! 12M: 2W: 1H:
CRYPTO:XRPUSDLong
by Jasminex1x2
1
PayPal (PYPL): Ready for a pullback after hitting wave (iii)Plan the trade and trade the plan. That’s exactly what we’ve done with PayPal. In our last update a month ago, we stated: “We are going to take more profits once we are getting into the $81 area,” and now, we’ve done just that as NASDAQ:PYPL has reached the minimum target for Wave (iii) at $81. With the position now up 37%, we see more upside potential, but a pullback here could offer a prime second entry spot. Several factors are aligning in the chart, reinforcing our conviction for a good re-entry. First, we are seeing a bearish RSI divergence, suggesting a more significant drop than the minor one we've already seen. Ideally, we’d like to see the price dip below the last level before the low-volume node at $76. A low-volume node represents an area of little trading activity, which means the price tends to move quickly through these zones in the future. As for the entry, two key levels stand out to us. The high of the recent accumulation phase before the last leg up and the low of the same range, which aligns with the level of Wave (i). In theory, this level should not be breached. While we don’t strictly adhere to Elliott Wave theory, we prefer not to see the stock close below this level for an extended period. A wick below or consolidation around this zone would be valid for us. Additionally, the 38.2% Fibonacci retracement level sits in the middle of this accumulation phase, making it our targeted entry for Wave 4. Therefore, the level between $72.78 and $70.62 seems ideal for a re-entry. Given the upcoming election, it would be safer to play this setup with a wider stop-loss or soft stop-loss (manual stop-loss) to account for potential volatility or sudden price wicks. At the moment, we haven’t set a limit order but have activated alerts. Once the price dips below $76, we will activate our limit order and get ready for the next leg up. 🔥
NASDAQ:PYPLLong
by freeguy_by_wmc