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Fibonacci

XRP long positionso the price has been bullish for a while and as you can see on the chart price broke structure towards the upside and then made a correctional move to the golden zone of fib retracement and also a 1h demand as well after the mitigation it changed structure after breaking that internal low so right now I set my limit and the extreme of that range and target 1:2RR towards all that liquidities that I marked and stop loss below the recent low and hopefully it's gonna be a W. have a blessing day.
Long
by IEatGreenPaper
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of . Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you! #PTL #GTYR
PSX:PTL
by PSX_Learner
Bitcoin BTC price movement by the end of October The CRYPTOCAP:BTC price is at the final stage of a six-month correctional consolidation. In the next few days, the correction of the OKX:BTCUSDT price to $61000 may become the lowest point where most shorts will need to be closed, as well as the point for a set of longs, as they say “to a full cutlet” And if everything goes well, then by the end of October, there is a good chance to see the price of #Bitcoin at $68300-69700 And what about altcoins, you ask? They should also be fine, at least BTC.D and USDT.D hint at this. Write in the comments an altcoin that interests you, and we will analyze it and publish it here _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
22
Again in Buy Area offloaded chunkAfter successfully completing the AB=CD pattern, the stock is now entering a potential buy zone. Why Buy Range? It's based on Fibonacci retracements: 38.2% of the long wick and 61.8% of the short-term move (CD, which was clone of AB). However, I'll also be happy if it comes down in my 1st buying area which i already offloaded :-) Note: I'm still learning, so if you have any suggestions for improvement, Please let me know, I’d appreciate your feedback. Thank you! #GTYR #PTL
PSX:GTYR
by PSX_Learner
NQ Power Range Report with FIB Ext - 10/18/2024 SessionCME_MINI:NQZ2024 - PR High: 20413.50 - PR Low: 20377.00 - NZ Spread: 81.5 No key scheduled economic events Quick auction return back to Tuesday lows Session Open Stats (As of 2:15 AM 10/18) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 298.31 - Volume: 25K - Open Int: 248K - Trend Grade: Bull - From BA ATH: -3.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement Resistance levels: 1.095, 1.100 Support levels: 1.089, 1.077 There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
10
SPY Short: A look at Elliott Wave Counts and Fibonacci ExtensionBased on yesterday’s move where SPY opened with a new high, I have did a slight modification to the wave count such that I merged the previous wave 3 and wave 4 to become a single wave 3. Note that I do not really like this kind of action and shows bias on my end for preferred wave count. In order to do this, I will have to restudy Fibonacci relationships to ascertain whether it can be done. Back to this idea itself. As you can see, I’ve started the cycle wave 5 from 5th Aug 2024 low, and plotted 3 degrees of wave counts: Highest Intermediate Blue Wave Middle Minor Green Wave Lowest Minute Purple Wave All the waves counts end at the same place: yesterday’s (17th Oct 2024 session) opening high. I’ve drawn 2 Fibonacci extension levels: 1. Green Fibonacci Level which is internal to Minor Wave 5: Extend Minute Wave 1 against the entire Minor Wave 5 Structure. 2. Purple Fibonacci Level which is a measure of Intermediate Wave 1 against Intermediate Wave 5. Both Fibonacci levels shows convergence around 586.5 vs the opening high of 586.12. I am willing to accept this for a study of pre-opening shows that futures and CFDs was actually higher than our opening high, meaning target was hit during pre-market. This is an important concept that an Elliott Waver must remember: the importance of movement of prices outside of regular trading hours (RTH) must be taken into consideration when counting waves and expecting targets.
AMEX:SPYShort
by yuchaosng
2
SPX Hitting Extreme Resistance Level - Epic Crash imminentBack in October 2021 I attempted to project a fibonacci ration that would predict the top of the current market cycle from the bottom of the 2008/2009 crash. I used smaller fibonacci rations such as the 236 and 146 to identify where a fibonacci from the top would end up. The result was approximately 5814. We passed this level this week and there is weakness showing. I believe this week ends with some type of abandoned baby pattern then we see the drop. I'm not sure what this corresponds to on a fundamental analysis level, but this one will be big. This would end a 5 wave elliot pattern Super Cycle from the 1920's crash where the 4th wave was the 2008/2009. Good luck everyone!
TVC:SPXShort
by Cavedrew
31
GBP/JPY Technical Analysis Looking at the 30-minute chart, GBP/JPY is showing some interesting movements. Trend Structure: After a period of consolidation, the pair broke out of a descending wedge pattern. The price tested the upper boundary near 195.602, which appears to be a key resistance level. We could see some retracement here before a continuation of the upward trend. Fibonacci Levels: The retracement zones are well-defined using Fibonacci levels. The price may pull back to one of the key Fib levels, such as 38.2% (194.712) or 50% (194.718), before resuming its bullish momentum. A deeper pullback could reach 61.8% (194.352), which aligns with another strong support area. Support and Resistance: Key horizontal support levels lie around 194.752, 194.250, and 193.832. These levels are marked by green zones on the chart. The price will likely test these areas if a retracement happens before potentially bouncing back up. MACD Indicator: The MACD shows signs of weakening bullish momentum, with the MACD line starting to flatten. This could signal a short-term pullback, aligning with the potential Fibonacci retracement mentioned earlier. Next Steps: If the price manages to hold above the 195.185 resistance level after a possible pullback, it could break through and target new highs, potentially testing 195.602 again and higher levels. However, a failure to hold these levels may lead to further declines towards the 193.832 support zone.
Long
by AEL_Education
$OGThis graph contains two sequences. The green sequence is part of the yellow sequence. The yellow sequence has not been activated yet. It will be activated when the chart passes the price of 7.04 The green sequence was activated at the price of 8.1204. Then the coin went a good CC way, made a retest of the activation level and started moving into the sell zone from 7.0332 to 6.4883. After that, a full correction of the entire green sequence movement is expected Translated with DeepL.com (free version)
Long
by azcube13
ASML (ASML): Massive Sell-Off - What's next after the $50B loss?We are sure you’ve heard about ASML’s massive drop yesterday, erasing $50 billion in market value within hours following a technical error and the earnings report published a day earlier. ASML, Europe's most valuable tech company and a critical supplier to chipmakers, is now facing doubts—not about its long-term prospects but regarding short-term sales and whether it can continue to outperform the market in the long term. As always, we’re not focused on intraday trades but are looking for bigger, high-risk-to-reward swing trade setups. To assess this, we’re turning to the Weekly chart to analyze ASML’s most important levels. Our most likely scenario at this point is that the All-Time High represents a wave B, after exactly respecting the 138% Fibonacci extension level. Coupled with the bearish divergence on the RSI, this pullback was expected. While it's difficult to predict the exact point of reversal, we see $600 as a major psychological support level that could hold in the short term. To reverse the current downtrend, ASML must break above the resistance zone of $850–$895. However, as this is a potential wave ((ii)), even reaching the All-Time High is not out of the question. Merely reclaiming this resistance zone might not be enough to signal a trend change. We’re keeping an eye on all major support zones, but the largest position we plan to open would be between $250 and $140. While this is still far off, and there will likely be opportunities along the way, this zone would provide the most textbook setup according to Elliott Wave Theory. The recent dip has also opened up more potential plays for the future. Stay tuned as we monitor the situation for further developments! 🔥
NASDAQ:ASML
by freeguy_by_wmc
6
Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines. Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months. Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum. It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
NASDAQ:TSLALong
by freeguy_by_wmc
Yes We CANCanaan Inc. (CAN) has had several bullish developments recently. The company continues to focus on expanding its bitcoin mining operations and strengthening its balance sheet through strategic financing and share purchases. Some key highlights include: Operational Growth: Canaan's bitcoin mining capacity increased significantly, with a 58% boost in computing power by May 2024, reaching a total of 4.0 Exahash/s. This growth comes from re-energizing machines in Kazakhstan and other projects. Strategic Investments: The company's CEO and CFO announced plans to personally invest no less than $2 million in Canaan’s shares, signaling confidence in the firm’s long-term growth potential. This can provide a positive signal to investors. Preferred Share Financing: Canaan completed a third tranche of preferred share financing in September 2024, further bolstering its financial position and liquidity​ In addition to these specific catalysts, there has been a broader rotation into Chinese tech stocks as investors are seeing opportunities in undervalued sectors like crypto and AI amidst China's economic reopening and government support for technology innovation. Canaan, as a leading player in bitcoin mining hardware, is poised to benefit from this renewed interest. These factors collectively provide a bullish outlook for Canaan in both the short and long term.
NASDAQ:CANLong
by TheTraderAndy
Ring the Siren, It's time to buy IREN - Targeting $45 Why am I bullish IREN? AI Cloud Services Growth: Iris Energy's AI Cloud Services division is expected to generate $32 million in annualized profits. This is a new strategic move that leverages their existing infrastructure to diversify revenue streams beyond Bitcoin mining​ Increased Bitcoin Mining Output: For September 2024, Iris Energy mined 347 Bitcoin, with an average hashrate of 16.5 EH/s. The company continues to expand its mining capacity, contributing to higher output​ Expansion and Partnerships: Iris Energy has been rapidly scaling its operations. They recently purchased NVIDIA H200 GPUs to support their AI cloud business, and they extended a contract with Poolside to upsize their AI Cloud Services, enhancing their overall service portfolio​ These factors indicate both short-term revenue boosts and longer-term strategic growth, making IREN an attractive play in both crypto mining and AI infrastructure sectors.
NASDAQ:IRENLong
by TheTraderAndy
4