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Fibonacci

Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
Short
by Sony97
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom) Unfortunately or fortunately, these are the realities. Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up. God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1. And for the #Cardano holders and altruists, patience to wait for that time. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
16
new long signal for glmr 4hr timeframe 3 rsi and 35 rsiso this could be a good trade, you can long now, next target around 0.32 the 1.618 is at 0.44 so basically this would be like your short term top for now. What I see from other sources glmr could be up for a huge move so maybe you want to hold even longer. Leverage on low level max 15x. NFA You could also buy on spot now and just hold and sell at the 4$ level others talk about for longer term...brought to you by the J3D1, support your local wild animals
Long
by J3D1M31ST4
GBPCAD: Deep Correction After Breaking the Uptrend LineWelcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
EURUSD H1 02/12/2024 - SELL below 1.04850 OR BUY above 1.05750Overview of EUR/USD Price Action The EUR/USD pair is trading in a consolidation zone between 1.04950 (support) and 1.05250 (resistance), as seen on the H1 chart. Momentum indicators like the RSI (currently around 30-40 on H1) and Stochastic Oscillator suggest that the pair is oversold but lacks a clear directional trend. The MACD shows bearish momentum weakening, indicating potential for a reversal if resistance is broken, while the Average True Range (ATR) indicates low volatility. This creates the perfect scenario for breakout trades in both directions, depending on whether the market breaches the consolidation zone. Buy Stop Setup: Bullish Breakout Case Resistance Level at 1.05250: This zone has acted as a ceiling for the pair during the consolidation phase. A break above this level signals renewed buying pressure. Entry Level: Placing the Buy Stop at 1.05300, slightly above the resistance, ensures confirmation of a bullish breakout. Take-Profit Target: The next key level is around 1.05750, derived from: The previous monthly high at 1.05790. Fibonacci 61.8% retracement of the previous bearish leg. Stop-Loss: Setting it at 1.05100, just below the breakout point, protects against false breakouts. Rationale for a Buy Trade: A breach above 1.05250 will invalidate the current bearish trend on H1 and confirm short-term bullish momentum. This move aligns with possible USD weakness in the upcoming sessions due to softening fundamentals (e.g., dovish Fed sentiment or weaker US data, if relevant). Sell Stop Setup: Bearish Breakout Case Support Level at 1.04950: This level has provided solid support for the pair recently. A breakdown below this level signals bearish continuation. Entry Level: Placing the Sell Stop at 1.04850, slightly below support, ensures entry only after confirmation of bearish pressure. Take-Profit Target: The next target is around 1.04450, derived from: Fibonacci 161.8% extension of the recent correction. Psychological round number support at 1.04500. Stop-Loss: Setting it at 1.05050, just above the breakout level, limits risk exposure from potential pullbacks. Rationale for a Sell Trade: A breakdown below 1.04950 signals bearish continuation, possibly targeting the lows seen earlier in November. This move aligns with recent USD strength and market sentiment favoring safe-haven currencies. Technical Indicators Supporting the Setup RSI: On both M30 and H1 timeframes, the RSI hovers near oversold levels, showing a lack of momentum but creating potential for a breakout in either direction. Stochastic Oscillator: Shows the market is at extremes, either overbought or oversold, adding further credence to the possibility of a directional move. MACD Divergence: The MACD histogram on H1 is attempting to flatten, suggesting the bearish momentum is waning and that price could either consolidate further or reverse to the upside. Ichimoku Cloud: The H1 chart shows price is trading below the cloud, indicating a bearish bias. However, price action is close to breaking out, supporting both trade scenarios. Market Sentiment & Fundamental Factors Dollar Index (DXY): A closely watched driver of EUR/USD, the DXY has been showing signs of indecision in recent sessions. Any weakening of the dollar could trigger the bullish breakout, while dollar strength supports the bearish case.
by napoleon182
Eos is resurrected, but for how long?⁉️ If the “mastodons” of the crypto market, such as LSE:CRV NASDAQ:DASH CRYPTOCAP:LINK CRYPTOCAP:LTC CRYPTOCAP:XRP CRYPTOCAP:XLM (write your own version) and even NYSE:EOS , woke up and started growing, is this a sign of the end of the alt-season? The OKX:EOSUSDT price has reached a critical level. Now buyers will face a difficult task - to keep the price above $0.70 If they succeed, then we can start dreaming about continuing growth to $2 and $3 in 2025, respectively. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
DON’T MISS THE NEXT BIG MOVE IN BITCOIN!Price is currently in a tight consolidation between the price of 99860.00 and 90682.58 after the strong bullish trend developed in regards to Trump emerging US President. In my view, Bitcoin has the possibility to trade to $124k price before the year ends. If we continue the technical outlook of the chart by placing a fibo extension from the recent low (67,838) to ATH (99,860) and back to (90,862) we can see the 100% fibo extension level price lies pretty nice at $124k. This shows a high tendency of price to attain that high. Don’t miss out! Position yourself to take advantage of the move
COINBASE:BTCUSDLong
by Cartela
Bitcoin Short: End of 5-wave structureThis is a bias idea. I purposely look for a potential way that Bitcoin could have ended and could never reach $100,000. Wave Structure wise, this analysis conforms to all the rules of Elliott Wave so even though it is bias, it is valid structurally. There are 2 things that is not ideal in this wave count: 1. Primary wave 3 (black number) has a truncated 5th sub-wave. 2. Primary wave 5's sub-wave 3 (green wave) has a sub-wave 5 that is extended instead of sub-wave 3. Take note that while these are irregular occurrences, they are valid and allowed in Elliott Waves. Perhaps the most important thing in this analysis is that wave 5's subwave 5 = subwave 1 (see blue Fibonacci Extension).
BITSTAMP:BTCUSDShort
by yuchaosng
Nazara Tech: Weekly Rounding Bottom Breakout with Volume!🚀 Nazara Tech: Weekly Rounding Bottom Breakout with Volume! 🚀 Current Market Price: 1049 Stop Loss: 890 Targets: 1218, 1390 Nazara Tech is showing signs of a bullish breakout from a weekly rounding bottom pattern, supported by strong volume. The stock has begun a Fibonacci reversal with a solid close above the 38% level, and base consolidation has occurred around the 900 support mark. If Nazara Tech closes above 1218 (62% Fibonacci level), it will confirm the continuation of an uptrend. 📉 Risk Management: Ensure to manage your risk with a stop loss at 890. 📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #MarketAnalysis #NazaraTech #TechnicalAnalysis #RoundingBottom #Breakout #InvestmentOpportunities #FibonacciLevels
NSE:NAZARALong
by satyam15
EURAUD BUY SETUP1️⃣ Demand Zone Reaction The price is currently in a clearly defined demand zone, where we’ve seen strong buying interest in the past. This zone has already shown signs of holding support, making it an ideal area to look for a long position. 2️⃣ Volume Profile Confirmation The volume profile shows increased activity near the demand zone, indicating significant interest from buyers in this area. 3️⃣ Fibonacci Confluence The demand zone aligns with the golden pocket area (61.8%–78.6%) of a Fibonacci retracement, adding strength to this level. 4️⃣ Bullish Momentum Potential There are signs of rejection from lower levels, with wicks and candles showing hesitation in breaking lower, suggesting bullish momentum may build from here. 5️⃣ Liquidity Grab The price recently swept the lows, grabbing liquidity from weak hands before a potential move to the upside. Trade Plan: Entry: 1.61900 (current demand zone). Stop Loss: 1.61600 (below the demand zone and liquidity sweep). Take Profit Levels: TP1: 1.62500 (local resistance). TP2: 1.63000 (higher timeframe resistance zone). Bias: The overall market structure remains bullish, with price expected to continue upward after this retracement. Reminder: Always manage your risk. Use proper position sizing and wait for confirmations if needed.
Long
by Safaric
1
The BANK NIFTY futures chart is signalling critical levels🚀 Attention NSE and StockMarketIndia traders! The BANK NIFTY futures chart is signalling critical levels you don't want to miss. We've got a strong resistance around 53,160, marked by a Fibonacci retracement level at 0.618 level. This level has been tested multiple times, showing the market's hesitation to break through. If we see a close above this level with volume, it could indicate a bullish breakout, targeting the next Fibonacci level at 0.786. On the downside, watch the 52000 supports, which aligns with the 0.382 Fibonacci retracement level. A break below this could lead to a deeper correction, potentially testing the psychological 50,000 mark before finding a base. As the Fibonacci retracement shows the compelling price swings between the levels of 0.382 & 0.5 at the horizon. The Fibonacci time-based extension predict the price movement at the vertical time frame. Volume spikes are crucial here; increased volume on upward moves could validate a bullish scenario, while high volume on declines would suggest a bearish continuation. Stay vigilant, set your stop-losses wisely, and be ready for volatility. The market is at a pivotal point. Follow @stocktechbot for continuous updates and insights.
NSE:BANKNIFTYZ2024
by stocktechbot