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Fibonacci

Let's get higher this week POLKADOTPolkadot: Rising from the Ashes BINANCE:DOTUSDT Polkadot appears to be breaking free from its prolonged downturn. Comparing to Cardano, its about time to reach the fibonacci 1.62 and the buyside liquidity. The charts suggest strong bullish potential, but it’s crucial to stay grounded—corrections are part of the game. In my view, a significant pullback may happen when geopolitical events, such as TRUMP's potential return to the White House, create waves across the markets. For now, the focus should be on crypto over the coming weeks. Avoid over-leveraging or taking excessive risks. Remember, the market will always present opportunities—it's often your mind that gets in the way. Discipline is key: master your fears by following your trading plan without compromise. Success isn’t about how much you make in one trade; it’s about consistently executing a solid plan. Over time, this approach allows you to grow your capital as if you’re your own bank. Stay committed, keep learning, and protect your mental clarity by managing risk wisely. I currently have an active trade on Polkadot and am holding steady. Let’s see how this plays out!
Long
by Jaytradermb
3
GOLD → Consolidation. Which way will the momentum go?FX:XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen? The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP... Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher... Resistance levels: 2651, 2660 Support levels: 2636, 2618 Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
3
Tron TRX price get ready to...Do you want a stable growth of your crypto deposit? Then pay attention to CRYPTOCAP:TRX Despite the ambiguous reputation of Justin Sun, he has been on the crypto market for a very long time and the OKX:TRXUSDT chart shows that he loves his creation and supports its reputational price. Therefore, we will not be surprised if the price of #TRON is one of the first of the old coins to update ATH in the near future, at least to $0.183, and ideally by $0.26. By the way, our previous idea OKX:TRXUSDT gave us +40% 👇 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
1
The BankNIFTY Index Futures chart - Fibonacci Trading StrategyThe BankNIFTY Index Futures chart presents a fascinating case for Fibonacci retracement analysis. After a significant downtrend from the peak at 55,000, the index has shown a series of bounces and pullbacks, which are classic signals for Fibonacci traders. Key Observations: Downtrend Confirmation: The initial peak around 55,000 was followed by a sharp decline, confirming a bearish trend. This sets our high point for Fibonacci levels. Fibonacci Levels: From the high at 55,000 to the low at 50,130, key Fibonacci retracement levels are established: 23.6% at 51,288 38.2% at 52,003 50% at 52,582 61.8% at 53,160 78.6% at 53,984 Support and Resistance: The chart shows multiple touches around the 50% (52,700) and 61.8% (53,160) levels, indicating strong support/resistance zones. The recent price action around these levels suggests potential reversal or continuation signals. Trading Strategy: Long Position: Consider entering a long position if the price finds support at the 50% or 61.8% Fibonacci levels, especially with confirmation from other indicators like RSI or MACD. Stop loss can be set below the 78.6% level or recent swing lows. Short Position: If the price breaks below the 50% level with volume, it might target the 61.8% or even the 78.6% Fibonacci level for further downside. Confirmation from bearish candlestick patterns or momentum indicators would strengthen this trade. Breakout Strategy: Watch for a breakout above the 61.8% or 78.6% levels. A confirmed breakout could lead to a new uptrend, with targets potentially aiming for the previous high or higher Fibonacci extensions. Volume Analysis: Notice the spike in volume around the recent lows and subsequent recovery. This could indicate strong buying interest at lower levels, suggesting a potential bullish reversal or at least a strong support zone. Risk Management: Always use stop losses to manage risk, especially in volatile markets like BankNIFTY. Adjust your position size according to your risk tolerance and the volatility of the instrument. This Fibonacci-based approach provides a structured way to navigate the market's waves, leveraging historical price action for future predictions.
NSE:BANKNIFTYZ2024Long
by stocktechbot
EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target... On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone. Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news. Resistance levels: 1.0606, 1.0654, 1.076. Support levels: 1.0448, 1.033 Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
1
Is Solana Gearing Up for Another Rally?Since early October 2023, Solana has experienced an impressive 1,000% growth, reaching its peak on March 18, 2024. Following this significant rally, the price entered a corrective rectangle pattern, retracing 50% of the previous wave and preparing for the next upward move. After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel. Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel. If you found this (SOL) analysis helpful, let us know by hitting the like button! 💙 Where do you think Solana is headed next? 🚀 Drop your predictions and insights in the comments section below! 👇
Long
by Market-Analyzer
NQ Power Range Report with FIB Ext - 12/4/2024 SessionCME_MINI:NQZ2024 - PR High: 21336.50 - PR Low: 21305.75 - NZ Spread: 68.75 Key scheduled economic events: (busy day) 08:15 | ADP Nonfarm Employment Change 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices 10:30 | Crude Oil Inventories 13:45 | Fed Chair Powell Speaks Auctioning into new ATHs Session Open Stats (As of 12:45 AM 12/4) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 282.51 - Volume: 21K - Open Int: 289K - Trend Grade: Bull - From BA ATH: -0.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 21525 - Mid: 20954 - Short: 19815 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:NQZ2024Long
by mv3trader5
Ethereum (ETH/USD): High-Probability Trade SetupAlexGoldHunter BINANCE:ETHUSDT Technical Analysis and Strategy for Ethereum (ETH/USD) on BITSTAMP, 1-Hour Timeframe Current Price $3,631.2 USD Key Levels Resistance Levels: $3,631.2 $3,666.9 $3,691.1 Support Levels: $3,610.6 $3,572.8 $3,568.5 $3,530.1 Indicators Bollinger Bands: The price is near the upper Bollinger Band, indicating potential overbought conditions. Moving Averages: Price is above the 50-period (purple) and 200-period (yellow) moving averages, suggesting a bullish trend. Volume: Increased volume during recent price movements indicates strong buying or selling interest. RSI (Relative Strength Index): RSI is above 70, indicating overbought conditions. MACD (Moving Average Convergence Divergence): The MACD histogram is positive, and the MACD line is above the signal line, indicating bullish momentum. Annotations on Chart BOS (Break of Structure): Indicates significant price action events, signaling potential trend reversals or continuations. CHoCH (Change of Character): Indicates shifts in market sentiment, useful for identifying potential entry or exit points. Buy Strategy Confirmation: Wait for a pullback to a support level (e.g., $3,610.6 or $3,572.8) with a bullish candlestick pattern (e.g., hammer, engulfing). Ensure RSI is above 50 but not overbought (below 70). Look for a bullish MACD crossover or continuation of the positive histogram. Confirm with increased buying volume. Entry Point: Enter a buy position once the price closes above the support level with confirmation from the indicators. Stop Loss: Place a stop loss below the recent low of $3,530.1. Take Profit: Set a take profit target at the next resistance level, around $3,666.9 or higher. Sell Strategy Confirmation: Look for a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near resistance levels (e.g., $3,691.1 or $3,666.9). Ensure RSI is overbought (above 70) and starting to decline. Look for a bearish MACD crossover or a declining histogram. Confirm with increased selling volume. Entry Point: Enter a sell position once the price closes below the resistance level with confirmation from the indicators. Stop Loss: Place a stop loss above the recent high of $3,691.1. Take Profit: Set a take profit target at the next support level, around $3,572.8 or lower. Summary of Signals Buy Signal: Entry: Above $3,610.6 Take Profit (TP): $3,666.9 or higher Stop Loss (SL): Below $3,530.1 Sell Signal: Entry: Below $3,691.1 Take Profit (TP): $3,572.8 or lower Stop Loss (SL): Above $3,691.1 This analysis and strategy should help you make informed trading decisions for Ethereum (ETH/USD). If you have any further questions or need additional insights, feel free to ask! 😊
BITSTAMP:ETHUSD
by Alexgoldhunter
Top Trade Ideas: Profitable EUR/USD InsightsAlexGoldHunter FX:EURUSD Technical Analysis and Strategy for EUR/USD on a 1-Hour Timeframe Price Action and Key Levels Current Price: 1.04996 Resistance Levels: 0.786 Fibonacci: 1.05026 Recent High: 1.05050 Support Levels: Recent Low: 1.04800 0.382 Fibonacci: 1.04750 Indicators Moving Averages: The price is below the 50-period (blue), 100-period (green), and 200-period (yellow) moving averages, indicating a bearish trend. Bollinger Bands: The price is near the lower band, suggesting potential oversold conditions. Volume: Increased volume during the recent price drop, indicating strong selling pressure. Stochastic Oscillator: %K: 35.77 %D: 38.56 The Stochastic Oscillator is in the oversold region, suggesting a potential buying opportunity. MACD: MACD Line: -0.00107 Signal Line: -0.00120 Histogram: 0.00012 The MACD line is below the signal line, indicating bearish momentum. RSI: Current RSI: 45.14 Below the neutral 50 level but not yet in the oversold territory. Buy Strategy Confirmation: Wait for the Stochastic Oscillator to cross above the oversold threshold (20). Look for the MACD line to cross above the signal line, indicating bullish momentum. Confirm that the RSI is moving upwards from the oversold region. Entry Point: Enter a buy position when the price closes above the 50-period moving average. Stop Loss: Place a stop loss below the recent swing low to manage risk, around 1.04800. Take Profit: Set a take profit level near the upper Bollinger Band or the next resistance level, around 1.05026. Sell Strategy Confirmation: Wait for the Stochastic Oscillator to cross below the overbought threshold (80). Look for the MACD line to cross below the signal line, indicating bearish momentum. Confirm that the RSI is moving downwards from the overbought region. Entry Point: Enter a sell position when the price closes below the 50-period moving average. Stop Loss: Place a stop loss above the recent swing high to manage risk, around 1.05050. Take Profit: Set a take profit level near the lower Bollinger Band or the next support level, around 1.04750. Summary of Signals Buy Signal: Entry: Above the 50-period moving average Take Profit (TP): 1.05026 Stop Loss (SL): Below 1.04800 Sell Signal: Entry: Below the 50-period moving average Take Profit (TP): 1.04750 Stop Loss (SL): Above 1.05050 This detailed analysis and strategy should help you make informed trading decisions for EUR/USD. If you have any further questions or need additional insights, feel free to ask! or follow our free signal chanell links below provided
by Alexgoldhunter
BTC Battling Key Range with Support at $95.5KBitcoin is currently trading at $95.8k, caught between two significant price levels: $94.5K and $98.8K. The price has bounced off support at $94.5K and is now navigating around the Fibonacci 0.618 golden ratio level at $95.5K, which is acting as support. The Advanced VWAP (Volume-Weighted Average Price) indicator is highlighting the critical range between $94.5K and $98.8K, showing where market participants are most active and where price may likely face resistance or support. Bitcoin's hourly chart also recently showed a "death cross" about 31 hours ago, which could signal bearish pressure, but the bounce at $94.5K is providing some support. Risk Considerations: Potential Risks: A failure to hold the $94.5K support could signal a deeper correction, potentially down to lower levels. If the price breaks below the $94.5K support the next level could be $91.5k Volatility: With low volume and the recent death cross, Bitcoin could be subject to sudden price swings. Keep an eye on volume and momentum to gauge strength for either a bullish or bearish continuation.
COINBASE:BTCUSD
by CryptoMitchX
Unlock Profits: WTI Crude Oil Trading TipsAlexGoldHunter FX:USOIL Technical Analysis and Strategy for CFDs on WTI Crude Oil (1-Hour Timeframe) Current Price $69.95 USD (up by $0.08, +0.11%) Key Price Levels Resistance Levels: $70.02 (recent high) Support Levels: $68.50 (recent low) $67.00 (significant support zone) Indicators Bollinger Bands: The price is near the upper Bollinger Band, suggesting potential overbought conditions. Moving Averages: The price is above the 50-period (red) and 100-period (green) moving averages but near the 200-period (blue) moving average, indicating mixed sentiment with a slight bullish bias. Stochastic Oscillator: %K: 47.74 %D: 39.69 In the neutral zone, indicating no strong momentum. MACD: MACD Line: 0.605 Signal Line: 0.329 Histogram: 0.276 Indicating bullish momentum with some weakening. RSI: Current RSI: 65.99 Below the overbought threshold of 70, suggesting there is still room for upward movement. Buy Strategy Confirmation: Wait for the price to break above the recent high around $70.02 with strong volume. Ensure the Stochastic Oscillator is moving upwards from the neutral zone. Look for the MACD line to remain above the signal line with increasing histogram bars. Confirm that the RSI is above 70, indicating strong bullish momentum. Entry Point: Enter a long position once the price closes above $70.02 with confirmation from the indicators. Stop Loss: Place a stop loss below the recent low around $68.50 to manage risk. Take Profit: Set a take profit target at the next resistance level around $71.50 or use a trailing stop to lock in profits as the price moves higher. Sell Strategy Confirmation: Wait for the price to break below the recent low around $68.50 with strong volume. Ensure the Stochastic Oscillator is moving downwards from the neutral zone. Look for the MACD line to cross below the signal line with decreasing histogram bars. Confirm that the RSI is below 30, indicating strong bearish momentum. Entry Point: Enter a short position once the price closes below $68.50 with confirmation from the indicators. Stop Loss: Place a stop loss above the recent high around $70.02 to manage risk. Take Profit: Set a take profit target at the next support level around $67.00 or use a trailing stop to lock in profits as the price moves lower. Summary of Signals Buy Signal: Entry: Above $70.02 Take Profit (TP): $71.50 or higher Stop Loss (SL): Below $68.50 Sell Signal: Entry: Below $68.50 Take Profit (TP): $67.00 or lower Stop Loss (SL): Above $70.02 This detailed analysis and strategy should help you make informed trading decisions for CFDs on WTI Crude Oil. If you have any further questions or need additional insights, feel free to comment or join our free signal Chanell below
TVC:USOIL
by Alexgoldhunter
In-Depth Gold (XAU/USD) Trading Signal BreakdownAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for CFDs on Gold (XAU/USD) on a 1-Hour Timeframe Price Action and Key Levels Current Price: $2,644.905 USD Resistance Levels: $2,646.008 (middle Bollinger Band) $2,659.681 Support Levels: $2,639.637 (recent low) $2,633.266 Indicators Bollinger Bands: The price is near the middle band, suggesting a neutral position with potential movement in either direction. Moving Averages: The chart shows multiple moving averages: 20-period (blue) 50-period (green) 200-period (red) The price is above the 20-period and 50-period moving averages but below the 200-period moving average, indicating mixed signals. Volume: Increased volume, indicating potential significant price movement. Stochastic RSI: %K (blue line): 47.74 %D (yellow line): 39.69 In the neutral zone, indicating neither overbought nor oversold conditions. MACD: MACD Line (blue): 0.605 Signal Line (yellow): 0.329 Histogram: 0.276 Bullish signal with the MACD line above the signal line, but the histogram shows weakening momentum. RSI: Current RSI: 52.66 In the neutral zone, indicating no strong momentum in either direction. Buy Strategy Confirmation 1: Wait for the price to break above the 200-period moving average ($2,646.008) with strong volume. Confirmation 2: Ensure the Stochastic RSI is moving upwards from the oversold region (below 20). Confirmation 3: Look for the MACD line to cross above the signal line with increasing histogram bars. Confirmation 4: Confirm that the RSI is above 50 and moving upwards. Entry Point: Enter a long position once the price closes above $2,646.008 with confirmation from the indicators. Stop Loss: Place a stop loss below the recent low at $2,639.637. Take Profit: Set a take profit target at the next resistance level ($2,659.681). Sell Strategy Confirmation 1: Wait for the price to break below the 20-period and 50-period moving averages with strong volume. Confirmation 2: Ensure the Stochastic RSI is moving downwards from the overbought region (above 80). Confirmation 3: Look for the MACD line to cross below the signal line with decreasing histogram bars. Confirmation 4: Confirm that the RSI is below 50 and moving downwards. Entry Point: Enter a short position once the price closes below the 20-period and 50-period moving averages with confirmation from the indicators. Stop Loss: Place a stop loss above the recent high at $2,646.008. Take Profit: Set a take profit target at the next support level ($2,633.266). Summary of Signals Buy Signal: Entry: Above $2,646.008 Take Profit (TP): $2,659.681 Stop Loss (SL): Below $2,639.637 Sell Signal: Entry: Below $2,639.637 Take Profit (TP): $2,633.266 Stop Loss (SL): Above $2,646.008 This analysis and strategy should help you make informed trading decisions for CFDs on Gold (XAU/USD). If you have any further questions or need additional insights, feel free comment or DM or join our free signal chanell provided below
TVC:GOLD
by Alexgoldhunter
Maximize Your Gains: BTC/USD Trading Strategy BreakdownAlexGoldHunter BITSTAMP:BTCUSD Technical Analysis and Strategy for Bitcoin (BTC/USD) on BITSTAMP, 1-Hour Timeframe Price Action Current Price: $95,623 (decrease of $677, -0.70%) Key Levels: Resistance Levels: $96,000 (psychological resistance), $96,300 (previous high) Support Levels: $94,500 (previous low), $93,000 (key support zone) Indicators Bollinger Bands: The price is near the upper band, suggesting potential overbought conditions. Volume: Increased volume during recent price movements, indicating strong buying or selling pressure. Relative Strength Index (RSI): RSI is around 65.79, below the overbought threshold of 70, indicating the market is not yet overbought. Moving Average Convergence Divergence (MACD): MACD line is above the signal line, indicating bullish momentum, but the histogram shows decreasing momentum. Stochastic RSI: Stochastic RSI is at 49.36, indicating the market is in a neutral state. Buy Strategy Confirmation of Support: Look for the price to bounce off a significant support level, such as the lower Bollinger Band or $94,500. RSI Confirmation: Ensure the RSI is below 30 (oversold) and starting to rise. MACD Confirmation: Look for the MACD line to cross above the signal line, indicating bullish momentum. Stochastic RSI Confirmation: Ensure the Stochastic RSI is below 20 (oversold) and starting to rise. Entry Point: Enter a long position when the price shows a bullish reversal from the support level with increasing volume. Stop Loss: Place a stop loss below the recent low of $94,500. Take Profit: Set a take profit target at the next resistance level of $96,000 or higher. Sell Strategy Confirmation of Resistance: Look for the price to hit a significant resistance level, such as the upper Bollinger Band or $96,300, and show signs of reversal. RSI Confirmation: Ensure the RSI is above 70 (overbought) and starting to fall. MACD Confirmation: Look for the MACD line to cross below the signal line, indicating bearish momentum. Stochastic RSI Confirmation: Ensure the Stochastic RSI is above 80 (overbought) and starting to fall. Entry Point: Enter a short position when the price shows a bearish reversal from the resistance level with increasing volume. Stop Loss: Place a stop loss above the recent high of $96,300. Take Profit: Set a take profit target at the next support level of $94,500 or lower. Summary of Signals Buy Signal: Entry: Near $94,500 Take Profit (TP): $96,000 or higher Stop Loss (SL): Below $94,500 Sell Signal: Entry: Near $96,300 Take Profit (TP): $94,500 or lower Stop Loss (SL): Above $96,300 By following these strategies and confirmations, you can make more informed decisions on when to buy or sell Bitcoin based on the technical analysis provided by the chart. If you have any further questions or need additional insights, feel free to ask! 😊
BITSTAMP:BTCUSD
by Alexgoldhunter
2
AVAX/USD Fibonacci targets Avax has to hold the blue level to retest the previous local high. Breaking it will set us flying towards the red targets . The current chart shows the most important Fibonacci targets. Grey: Resistance/support, decisive prices. A dump/pump can happen at these levels, but is not a main target Red: Main target to take profits or potentially enter shorts Green: Buy or rebounce expected Red box: resitance are, mainly caused by the 1.618-1.65 fib level Green box: Support level, mainly 0.618-0.65 fib Breaking each target gets us to the next one.
BINANCE:AVAXUSD
by DCCryptoacademy
Link/USD Fibonacci targetsLink does look ok, but not as good as many other coins. If we hold the blue level, we will pump towards the next bullish targets. Breaking it will mean a dump to the green levels. The current chart shows the most important Fibonacci targets. Grey: Resistance/support, decisive prices. A dump/pump can happen at these levels, but is not a main target Red: Main target to take profits or potentially enter shorts Green: Buy or rebounce expected Red box: resitance are, mainly caused by the 1.618-1.65 fib level Green box: Support level, mainly 0.618-0.65 fib Breaking each target gets us to the next one.
BINANCE:LINKUSD
by DCCryptoacademy
1